'Increased confidence' in the world property sector
25 September 2009 11:07
A rise in confidence in the global property market has led to an increase in property prices during 2009, it has been revealed.
Such news may be of interest to those who are considering investing in an annual travel insurance policy and buying a house abroad to regularly visit.
Figures from the Global House Price Index from Knight Frank showed that overall, property prices in Israel rose the most, with increases also noted in Norway, Finland and Sweden.
Commenting on the figures, editor at BuyAssociation Paul Collins said that while it is too early to "declare a full-scale recovery", the signs of rising confidence are evident.
Dubai could be a wise choice for investors with cash to splash looking to buy foreign property.
Should Brits make the decision to invest in the emirate, they may want to research local customs and beliefs before travelling.
Recent high-profile cases of Brits running into trouble after breaking some of the country's strict rules on drinking in public and indecent behaviour could also suggest that having travel insurance is a wise move.
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