Many Brits rushed to buy overseas property as values soared but some are left nursing losses, and not just because of falling prices. Nick Leach, head of Pierre & Vacances Property Investments, UK & Ireland, explains how IFAs need to get involved in the process to help their clients make the right choices
The overseas property market has been a huge source of investment success for thousands of investors in recent years, but for every success story there has also been a tale of misery - an investor who has lost everything or has been left paying the mortgage on a property that will not rent or sell. At the height of the market, investors were buying in countries such as Dubai, Bulgaria and Spain, without any real local knowledge and only the assurances of hard-selling property agents that they were making a smart investment. Unfortunately, many of these investors are now sitting on substa...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes