Released on = March 27, 2007, 10:40 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = Perhaps when considering the purchase of an overseas
property, the majority of us are still thinking about relaxing by our own pool, with
a cocktail in hand, a short stroll from the beach.

Press Release Body = Perhaps when considering the purchase of an overseas property,
the majority of us are still thinking about relaxing by our own pool, with a
cocktail in hand, a short stroll from the beach.

However, the growth in some newer markets has seen a rise in the number of Britons
forking out for city apartments rather than luxury villas - but can a clever
investor still reap rewards by catering to the luxury market?

Perhaps so, if Charlie Lambourn Brown, the exhibitions marketing manager for MRI
Overseas Property, is to be believed. In a recent interview, the expert said that
luxurious properties have proved popular not only in Europe, but around the globe.

\" We certainly have seen evidence of the popularity of luxury properties right
across the world,\" he remarked. \"The reason for this is that luxury properties have
the longevity to appeal to the secondary and resale markets in the future.\"

So it appears that luxury properties have the appeal to sell and make a profit - but
what is it about these higher-end palatial residences that keeps the buyers anxious
to fork out their hard-earned cash when smaller, cheaper properties may also be
available?

Well, according to Rhiannon Williamson, the co-owner of market analyst Amberlamb and
a prolific commentator on the subject of homes overseas, coastal villas are still
the \"dream property\" for the majority of investors. This is particularly true of
individuals looking for an escape to the sun, rather than an investment opportunity.

\"City properties are far less popular with those looking for a holiday home abroad
simply because the dream of a home in the sun is not generally associated with one
in a location where there is congestion, crime, pollution etc,\" explained Ms
Williamson.

If this is the case, where are all of these buyers coming from, with wads of cash
and a strong desire to pick up a place in the sun? Well, a piece of research
conducted by PURE International found that 51 per cent of the City\'s top earners
were planning to splash the cash and purchase an overseas home, with mature markets
such as France seen as the favourite spots.

Indeed, the figures indicated that as much as £1.5 billion could make its way from
the city into foreign markets in 2007, with these potential investors sitting on a
collective £8.8 billion of bonus cash this year. With 41 per cent of these members
of the financial elite planning to splash out on a beach property, it may be the
case that a luxury home overseas is the safe choice for any investors looking to
safeguard their cash and eliminate the risk factor.

Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com