An expert on international property investment has suggested that now may be a good time for investors with long-term aims to buy property in markets hurt by the credit crunch.
Rhiannon Davies, director of investor website Amberlamb, stated that while some people would find it difficult to invest in such markets because getting a mortgage would be harder than it used to be, those who could raise the funds stood to "clean up" in the longer run.
She reasoned that in established markets that are going through a rough patch the cycle will eventually see prices rising again, creating a large profit on bargains bought now from investors who are "desperate" to offload some of their stock.
Ms Davies concluded: "Those who buy in very low today and cash in on the financial crisis will reap the dividends over the long term."
Spain has been cited as one example of such a market.
However, in a move that may attract investors, its government recently cut capital gains tax, the Daily Telegraph reported earlier this month.
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