19 March 2008
Established property investment locations such as Spain have continued to be popular with investors despite other countries emerging within the industry, it has been suggested.
Paul Owen, chief executive of the Association of International Property Professionals (AIPP), said that "it is hard to see" people turning away from these markets, which have proved so popular in the past.
Highlighting the locations in question, he indicated that places such as Spain, Portugal, Italy, France and the US will retain their share of the market "because people know where they feel comfortable".
"Many buyers ... tend to feel more secure in places they have been to and know," the chief executive added.
The AIPP International Property Market Report, which was published last year, found that the average amount of money spent on overseas property by British buyers in 2007 was £99,200 - up one per cent year-on-year.
