 The property markets of Egypt, Morocco and Brazil have been described as "coming into the limelight" by an industry expert as British investors begin to look beyond Europe.
Hetal Shah, the director of Investors Provident, has said that a major attraction of these markets is that the property is much cheaper than those in major European areas.
A beach front apartment in Brazil can go for £40 to £50, 000, according to Mr Shah, while an attractive property in Morocco could cost between 30p and 35, 000p.
properties in Egypt were described by Mr Shah as being "ridiculously cheap" selling for as little as £16 or £17, 000.
Mr Shah said: "Primarily, what we're finding is there are still a lot of emerging markets, you've got Egypt, Morocco, Brazil These are definitely coming into the limelight.
"The prices are so much cheaper than the rest of mainland Europe, so people are looking into the area."
Overseas News posted on 07/06/2007 14:18:42
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