Emerging markets 'could be lucrative'
Second home buyers who invest in emerging markets could potentially collect high returns, industry experts have stated.According to analysts at A Place in the Sun Live, buying a property in less-established foreign markets could be more lucrative than investing at home.
The organisation stated that less-established destinations in particular, such as countries in eastern Europe, are among the best options.This, it said, is because the region is experiencing rapid economic growth, as are other non-eurozone nations including Turkey.A Place in the Sun Live remarked: "Buying abroad is still a good investment and can make you a profit, you just need to know where to look."
The group added that countries outside Europe, such as Brazil and the United Arab Emirates, may also offer high returns.According to figures by Savills and Holiday-Rentals, people from the UK now have an overseas property portfolio worth about £58 billion.
Labels: brazil, emerging markets, emirates, overseas property, uae, united arab

