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Posted On: 24/09/2009
The worst of the international downturn is over and once again demand for overseas property is increasing, according to overseas property specialists Azure Overseas.
"Leads are up and we are starting to get multiple sales again," said Azure director Frank Crowley.
"We are surprised at how quickly things have bounced back, especially in terms of interest in off plan property. We thought people would take a bit of convincing on off plan, but they are interested. The difference being all are insisting on inspection visits before committing on an off plan purchase," he said.
This is a permanent scar left by the downturn; people are no longer willing to accept recommendations on properties and markets at face value. People are doing their own research and inspecting developments, which is a good thing for the industry as a whole.
Frank also laid out another difference that is being seen in property markets around the world.
"Many of the clients we are dealing with at the moment are cash-buyers, and are keen to act quickly to secure the right deal, now that markets are starting to bottom and prices are even growing in many countries," he explained.
There is a real buzz in the industry at the moment, as those left standing in the industry pick themselves up, dust themselves off and try to capitalise on the winter months. The winter months are typically a good time in terms of overseas property sales, because the harsh British winter acts as a trigger for people to buy their holiday home in warmer climes.
"People are breathing a sigh of relief, but we are not resting on our laurels. We have been through a difficult time, and we are tired, but it is now when we need to find the energy to step it up a gear and make the most of the next few months," Frank said.
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