In my opinion I believe the UK property market is on a downturn, all the classic signs are there. Credit crisis, banks and financial institutions have been selling up their property assets for sometime, it is expected that there will be a record number of repossessions in 2008, mortgage companies have started to down-value properties and more so it has become difficult to get a mortgage now unless you are prepared to put up a substantial amount of equity yourself. So if you are a investor like me what to do you do? Well I have put off investing in the UK property market until next year and I will review the situation in April. Instead I have decided to invest in overseas destinations, namely Australia and India. I happen to come across a firm in the UK which has been promoting some low density and attractive developments in a town called Bargara in Queensland Australia.
It seems to be quite a promising prospect but I would like to know what your thoughts are and which alternative markets should we invest in? I think it can be quite lucrative to invest in areas where there is still potential for growth and the market has not peaked like in the UK. The company marketing the Australia developments is a small firm called The Agency (Real Estate) Ltd, my experience so far with them has been excellent and I am hoping they will bring me more investment opportunities in the future. You can check out their website at www.the-agencyltd.com