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Bumpy road ahead for overseas property

From Global Edge

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Editor's note: This item is republished with permission from Global Edge Marketing Ltd. The original post can be viewed here. After the dark days of 2009, the market for overseas property seems positively buoyant. However, a recent editorial poll by Global Edge revealed a mixed picture with many agents and developers still struggling to keep their heads above water. The companies with the best news tended to be in more traditional overseas buying locations like Spain, France and Italy. The responses from Florida were also overwhelmingly positive where foreign cash buyers seem to be taking advantage of prices that have declined more steeply and rapidly than in almost any other developed market. However, it would be foolhardy to predict any quick return to the good old days of 2007. The boom was built on the back of equity release from rising property prices in the United Kingdom (and to an extent from other rich, cold countries like Sweden, Norway, Holland, etc.), b...