UK 'less risky' for property investment

16-Apr-2007

In news which may be of interest to first time home buyers looking to invest, the UK is a more stable place to spend than some overseas locations, an expert has claimed.

According to Andy Smith, managing director of 1st Property Investment, the UK property market enjoys the protection of a "robust" legal system and greater transparency, which may be attractive to first time home buyers looking to invest for the first time.

Indeed, according to Mr Smith, those investing in countries such as Spain may find themselves in a situation where despite taking precautions, they do not own the land their property has been built upon.

"I think a lot of English people run off to places like Spain and Italy to make their fortune, and Bulgaria, without looking at the facts, and they tend to get stung quite regularly," said Mr Smith.

"We have one of the [oldest] and [most] robust legal systems in the world," he added.

Based in the UK, 1st Property Investment has provided investment assistance to more than 2,500 clients.

To find out how to get onto the property ladder by buying to let in a different location click here.

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