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Overseas property investors 'to be boosted by election'

5th May 2010 | back to article listings BACK    print this article PRINT

The general election will bring a boost for Britons looking to buy overseas property as the uncertainty about the political situation will soon be over, it has been claimed.

European sales manager at Atlas International James Dearsley said many people have told the firm they are holding back from making purchases due to the fact that nobody can be sure at present what the situation will be after polling day.

He added that this is likely to change after tomorrow (May 6th) when the results are in.

"We are predicting that once this election is out of the way, we are going to have quite a good run on sterling which, in turn, will see quite positive results from the property buyers," Mr Dearsley stated.

This will happen because action will be taken over the UK's debts by whoever is in power, even if that is not a majority government.

Property prices have shown positive price movement in nearly half the locations included in the last Knight Frank global survey, which was published last month.

It revealed that the Asia-Pacific region has seen the strongest growth.

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