International mortgage seekers must learn the market

Fri, 07 Oct 2011
Individuals seeking international mortgages in order to purchase a property in a foreign country may be wise to learn about the individual market they are planning to buy in.

This is because Les Calvert, director at Property-Abroad.com, has suggested people watch the specific field and start to understand its individual traits.

Mr Calvert said it can be an excellent investment for Brits to buy overseas when the market is turning downwards and they are going to attempt and call the bottom.

The industry figure observed: "I am always optimistic that in any market - whether it is stocks, shares, property, gold or diamonds – you have got to know a little bit about your market."

Mr Calvert noted buying property abroad is the same as investing in stocks and shares when there is a downturn - as there are "bulls and bears" in each.

His comments come after specialist Murcia estate agent Mercers announced 2011 was its best summer sales period for half a decade.
 
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