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'Take a realistic view' with overseas property for sale

People seeking overseas property for sale would do best to find a place that is located somewhere they love rather than seeking out a pure investment in the current climate, A Place in the Sun has said.

This month, research by the Worldwide Property Group found that Brits would prefer to make a property investment abroad than at home, with 65 per cent saying they had considered doing so.

Andy Bridge, managing director of A Place in the Sun, welcomed the findings but said buying overseas property for sale should be carried out just as diligently as a UK purchase.

Additionally, he said in the current market it is difficult to find a particular country where property prices are guaranteed to deliver a return over the next few years.

"You are far better off choosing a property in a country you love, in a location well-served by travel connections - not just dependent on one low-cost carrier service that may get cut - and taking a realistic view of the likely rental yield," added Mr Bridge.

August 2011

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