Pacific Rim countries may interest international mortgage applicants

Mon, 06 Feb 2012
People hoping to use international mortgages in order to push forward with their overseas commercial property investments may wish to consider their options regarding Pacific Rim countries.

Mat Oakley, director of commercial research at Savills, has suggested these nations - which are currently debt-stable and equity-rich - offer the best prospects for buyers in 2012.

The industry figure suggested the US is not faring too well in this regard, as the government continues to struggle with sovereign debt problems and worries remain surrounding the consumer side of the economy.

For those looking to use international mortgages to buy dwellings in Europe, Mr Oakley advised against the nations in the south that are currently dealing with significant debt difficulties.

The expert stated: "On the flipside, countries in northern Europe - Germany, France, Scandinavia- all have, I would say, reasonably solid rental growth prospects going forward."

Last month, head of Spanish Property Insight Mark Stucklin noted homes in Costa Blanca, Alicante and the Costa del Sol are proving very popular at present among foreign buyers hoping to secure abodes in Spain.
 
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