Hartlepool, United Kingdom, February 12, 2009 --(PR.com
)-- Les Calvert director of the portal said:
"Fractional ownership schemes are regarded by many as one of the main avenue for overseas property investors in 2009. Since the credit-crunch became a severe global problem it has became incredibly difficult for most people to obtain finance for an overseas property investment. Fractional ownership allows a number of potential investors to pool their resources, making the amount of finance they need to find individually smaller and therefore easier to obtain. This is making overseas property investments possible where they otherwise might not be”.
"Of course any property can be a fractional ownership property, if a group of potential investors choose to raise an equal portion of the finance necessary to buy it and undertake the purchase together. I am talking about the same basis as a Real Estate Investment Trust (REIT) but on a much smaller scale. All they need do is have legal documents drawn up to avoid any possible disputes."
Property Abroad have dozens of overseas investment properties that may be out of reach of individual investors, but perfect for small scale REITs, including a 3 bedroom house in Vermont, South Africa, just off the Western Cape for £194,000. South Africa is an emerging market with great potential but obtaining finance to buy property there is difficult, especially for foreigners, making this an excellent opportunity for fractional ownership investors.
Another location with property investment potential where it is reputably hard for foreigners to obtain finance for property purchases is Berlin in Germany. Property Abroad are listing an impressive top floor 2 bedroom apartment in Berlin's premier Prenzlauer Berg district, with impressive views and amidst many of Berlin's great sites and close to the main transport links. The apartment is priced at just over £85k, making it an almost impossible purchase for foreigners who need finance, but a potentially very profitable investment to a small scale REIT.
Property Abroad have dozens of overseas investment properties, find out more by visiting the site.
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.
For more information contact Liam Bailey at firstname.lastname@example.org
Property Abroad LTD
182 York Road
Chief Marketing Analyst