Location 'determines success of investment'

Property investment abroad: 29 May 2008

Choosing the location of a foreign property can make or break the success of any investment, according to industry analysts.

ShelterOffshore.com said investors could find that some of the most-hyped markets are not actually that profitable.

Therefore, it has recommended that prospective buyers take a close look at what is driving the growth in the market they are considering.

The website said this would help them determine whether the market is sustainable and conducive to generating profits in the future.

ShelterOffshore.com added that investors should only commit to a purchase if they are sure that there is room for growth and profit in the long-term.

"Look at a location with astute eyes and see what there is to ensure its continued and continuous success," it commented.

The website also urged people to look at whether they would be likely to make a healthy profit if they intend to sell up at a later date.

According to the Metro, emerging markets such as Egypt and Cape Verde are becoming more and more popular with British buyers.

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