11.10.09
Investor confidence returning
Traditionally the two largest groups of overseas property investors in Europe were the British and Irish. These two groups are looking again for good returns on their money but investment styles have changed. Pre recession investment money was going to a whole host of emerging destinations across Europe. Places like Croatia and Bulgaria were at the forefront of the emerging markets.
Post recession people still bear the scars of the recent past and only want to invest in tried and tested destinations. Spain always received the bulk of property investment and it is here that investors are first returning to.
Investors are looking for a good return with a minimum of risk so are not keen to go back to high risk destinations.
Estate agents are quoting an average property price drop on pre to post recession prices of twenty five per cent. This is a very alluring figure to the shrewd investor. Many feel that resale prices cannot go any lower because of the base amounts owed on mortgages.