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Olympic strategies for buying property overseas

19th August 2008 Print
With the Beijing Olympics in full swing currency specialists FC Exchange has created Olympian profiles for the different strategies used to buy property overseas and the ideal location for you. Are you a 100 metre sprinter looking for a quick return or a risk taking high diver when you invest?

Nick Fullerton, MD of FC Exchange, said; “It is important to firmly establish the reasons why you are buying property at the very beginning of the process, something that is really common sense but we find more often than not that people don't give this much consideration.

Olympic strategies:

100 metre sprint = quick return on Investment – Florida or Romania

Marathon = long-term investment – France

High diving = risky, high return investment – Panama

Relay = time-share – Switzerland

“Like those competing in the Olympics if you chose an event you are not suited to you will suffer. However, if you match the strategy correctly you will see the returns, if you’re looking for a quick return for instance there’s no point looking in France or Switzerland for a property, these are mature markets where any growth is now very slow.”

Experts have tipped Florida and Romania as the front runners to deliver the quickest returns while Panama is the location for those who would prefer to take a risk as the rewards are potentially much greater.

FC Exchange deal with thousands of overseas investors every week and recognise the different profiles and strategies in the people they talk to. They recommend that everyone looking to invest abroad should research the location, local laws, housing market conditions and the local way of life thoroughly to avoid the disappointment of choosing the wrong country.