07 October 2005

Overseas property investment for profit

According to new research the majority of jet to let property investors consider rental income the main reason for buying overseas property. The attitude contrasts with UK buy to let property investment market, where only one in every 12 landlords considers rental income alone the main reason for entering the market.

Of the 50,000 investors and non-investors surveyed, 60% said that rental income was the most important factor in their decision to buy property in another country. 21% of respondents said that their property investment was intended as retirement home, with just 19% saying that they used their property only as a holiday home.

Full article here

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