International mortgage customers may be buoyed by the latest comments from Standard Life Investments after it claimed that now is a good time to be looking at global real estate .
Senior investment analyst Simon Kinnie suggested that savvy investors will be considering how overseas property might fit into their portfolios.
According to the expert, buying a home in a foreign nation might be a wise move, with "relatively modest yields from most assets" meaning that traditional routes are no longer as profitable as they once were.
"Supply and demand matter for property - future supply remains constrained in many markets and there is often a low level of empty good quality buildings, while improvements in tenant confidence is translating into increased occupier activity and demand for space," Mr Kinnie explained.
He noted that this situation is often a sign that rental growth will ensue and could be a precursor for higher future returns.
As such, Standard Life Investments considers global property to offer a reasonable chance of securing a "relatively secure and stable income in the region of five to eight per cent a year" over the next 12 to 36 months.
In other news, Leeds Building Society was recently recognised for its mortgage products at a Legal and General Mortgage Club prize-giving ceremony.
Global property investment may be a good plan
Mon, 04 Jul 2011
