This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Recovery Will Be a 'Drawn Out Process'

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



Spain  UAE  Robin Wilson  Overseas Property Professional  OPP  Rightmove 

Recovery Will Be a 'Drawn Out Process'

By - Friday 08 October 2010

Despite being in a much improved position compared to two years previously, overseas property market still have a long way to go before they recover fully, Overseas Property Professional has reported. Speaking to the news provider, Robin Wilson, head of overseas at Rightmove, has claimed that buyers are returning to the market.

However, Mr Wilson believes that the investment environment is now different, with many potential purchasers much more cautious than before the global economic crisis. As such, the real estate expert explained that the entire buying process is now a longer more drawn out affair.

"Our data shows traditional lifestyle destinations are recovering much faster than more exotic investment locations [for example] searches for Spain are only 12 per cent down on 2008 compared to the UAE [which are] down nearly 80 per cent," he told the news provider. "Memories and headlines of bad experiences purchasing abroad are still fresh."

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here

Glossary

Visit Our Investment Terms Glossary


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus