IFAs hot on overseas property investment

Baydonhill says the research, based on interviews with 100 IFAs and networks, also reveals France, Spain, Italy and Portugal are the most popular countries in which to invest in property.

Fiona Watts, head of mortgages at Baydonhill, says inflated UK prices mean value is now being found elsewhere. "The 30% upturn that IFAs are seeing should only increase over the next few years," she says.

"Overseas buyers are starting to realise that there are now reliable sources of information on investing in overseas property out there other than the traditional banking routes."

Watts adds: "The overseas property business is currently booming due to the buyers being priced out of the UK housing market – we can see a trend where buyers, especially first-time buyers, are investing elsewhere to get a foot on the property ladder.

"IFAs stand to make good commissions on this business if they can demonstrate knowledge and experience of the complexities of buying overseas."

Watts says the research also found 53% of advisers are apprehensive about rental yields overseas, 27% are concerned about re-mortgaging, and 13% are worried about overseas 'red tape'.

Courtesy: IFAOnline

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