Low interest rates encourage positive vibes in property sector

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Low interest rates and bargain prices for properties in Europe and beyond mean that confidence in the overseas property market is at its highest point for some time, according to recent statistics.

The general level of interest in buying property abroad is rising significantly, according to new statistics revealed by the Worldwide Property Group.

Bulgaria, Thailand and Croatia have experienced renewed interest from UK investors recently, and these positive vibes are resonating around the whole sector.

A Bloomberg report has also highlighted the fact that overseas property was seen as a very popular investment choice for wealthy Chinese patrons.

When emigration falling to a low of 344,000 towards the end of 2011, the consensus was the amount of people looking to invest in overseas property was bound to suffer.

Statistics from the WPG poll contradict this negative outlook though, with 80% of those questioned choosing overseas property as their main investment choice.

It is an encouraging shift in the market and it seems to have been fuelled mainly by a firm belief that interest rates will not rise significantly in 2012.

Kevin Wilkes, Managing Director of the Worldwide Property Group, commented enthusiastically on the findings; “It just reinforces the notion that property is still widely regarded as a safe and secure investment that has demonstrated great resilience in the face of very difficult economic conditions.”

Those involved in the property sector globally will be hoping hat these positive trends continue into 2012.

Transferring money to Bulgaria

If you are looking to invest in Bulgaria, think carefully about how you will be transferring money to Bulgaria. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are looking to send money to Bulgaria – which you will inevitably have to do if you are looking to make a property investment – make sure you compare the market before you buy your overseas currency.

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Low interest rates encourage positive vibes in property sector

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