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Nordic nations 'attracting investor interest'

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When it comes to investing in property abroad, it seems the Nordic nations are currently enjoying a boom in the market, if one expert is to be believed.

Ed Stansfield, property economist at Capital Economics, explained plenty of investors are making business money transfers in order to snap up commercial premises in the countries.

He told how there are certain areas across Europe that should be regarded as strong places to buy and sell property as they are not exposed to the complications of a eurozone break-up. Nor are they typically spots where a reversion to the national currency is likely.

"That would tend to suggest some of the Nordic markets, Switzerland and the UK, but I suspect that people will still maintain an interest in Germany because of its strong underlying economic fundamentals," Mr Stansfield stated.

However, he sounded a word of warning to investors, noting the idea that assets will always protect capital is one people can take too far.

The verdict from Mr Stansfield came shortly after Paul Collins, editor at BuyAssociation, expressed his belief that Italy is a great place to buy residential property. Indeed, he suggested most of the people who buy in the country are in fact lifestyle buyers, who have been won over by the idyllic Italian lifestyle.

While he admitted it is difficult to predict exactly how the Italian property market will perform over the months ahead, Mr Collins said he is not ruling out the possibility of further price drops. This would ensure there are bargains to be had by British buyers in the near future.

It also serves as a reminder to commercial property buyers of the possibility of being able to get more for their money by being shrewd when it comes to choosing the destination and time of a foreign property purchase.

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