Property abroad buyers are doing their own research

More and more investors looking to buy property abroad are deciding to do their own research into potential destinations, an expert has claimed.

According to Liam Bailey, director at Write About Property, many purchased homes based on the words of other people, which led to a number experiencing problems.

However, he explained that investors are increasingly opting to research investments by themselves.

Indeed, property firm Primelocation.com recently reported that in March 2009, there was a rise of 14 per cent in the number of people searching for overseas properties compared with the same period the year before.

Property for sale in America was found to be a particularly popular search, accounting some 15 per cent of the property enquiries.

"[Investors] are looking at individual properties and individual regions on their own merits and trying to do as much research as possible," Mr Bailey commented.

He warned prospective buyers not to rely on currencies to influence their decisions because they are "all over the place" at the moment.

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