Overseas buyers 'should plan strategy'
Overseas property buyers should ensure they have firm reasons for buying a residence abroad in order to maximize the potential of their purchase, an expert has advised.
According to currency specialist FC Exchange, different countries benefit from certain investment strategies, so buyers should consider this carefully.
Romania was given as an example for those wishing to benefit from a fast-growing property market, while France would be more suited to more long-term investors.
Nick Fullerton, managing director of FC Exchange, commented: "If you match the strategy correctly you will see the returns."
He added that overseas property buyers should "firmly establish" their strategy at the very beginning of the process.
According to market research group Datamonitor, people in the UK and Ireland currently own more than 3.8 million overseas properties.
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