Investors looking to buy property overseas are still keen to invest in emerging markets, however this has not been at the expense of 'traditional' British hotspots such as Spain and France.
Furthermore the trend towards taking out an overseas mortgages is seeing subsequent growth, with a third of advisers revealing that they are certain popularity will continue to climb.
Fee incomes have been a key pull factor for one in five UK brokers looking to venture into this lucrative market. There are no caps to procurement fees abroad meaning that on a £300,000 Spanish mortgage a broker would typically make £1,200 compared to £500 back in the UK.
Demand for properties in emerging markets is currently focused on Bulgaria and Turkey, something which brokers put down to cheap properties and media interest.
Over 30 per cent of brokers have seen customer queries increase as a direct result of ads and press, as well as the relative instability of the UK housing market putting property investment out of reach for some.
Mike Freer, head of business development for NatWest IPBsaid: “With the demand increasing for properties all over the world the market has become even more attractive to work in, plus average procurement fees are 140 per cent higher than when arranging a UK mortgage.
"It is very worthwhile hearing from brokers where they think the demand for property will be and is very reassuring to people who wish to buy abroad.”
