Property Investment News From Buy Into Cyprus

Look abroad to avoid UK doldrums!
Thu 11th Dec 08 - 10:53

Buyers should look overseas instead of worrying about the UK housing market, says one property expert. Danielle Maxton, Managing Director of Cyprus specialists Buy Into Cyprus, says the bleak scenario of falling house prices, price rises and job cuts that have been described recently by financial industry honchos can be `sidestepped`.

The Society of Business Economists and CBI have both painted a picture of an increasingly desperate situation in the UK - and this is exactly what Brits can avoid by buying abroad, says Maxton.

`The financial damage caused by the housing slump, a lack of competitive bank products and falling stock market prices can be side-stepped with clever overseas property investments.` she said.

`There is currently an island mentality that dictates we should batten down the hatches, ride out the country's financial problems and see what we have left in five years, but this is blinkered thinking and verging on the defeatist.

Making a profit in property is possible, she says, `but this will involve looking outside Britain.`

`We advise people to do their research and talk to the right companies. If they do this correctly, they will find they have a safe investment for the future. `

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