Bumpy road ahead for overseas property

From Global Edge

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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.