Corporate foreign exchange news
AIPP: Research rates before investing in property abroad
Friday, 28 August 2009 09:05:44 GMT

Many foreign property investors fail to carry out enough research into the financial implications of moving abroad, the Association of International Property Professionals (AIPP) has claimed.Paul Owen, chief executive of the organisation, explained that one of the most commonly overlooked aspects of moving abroad is an assessment of how interest rate changes will affect profitability and affordability.He added that it is also vital to remember that mortgage lending conditions will change over the years and overseas markets will rise and fall in value."Beware that rate fluctuations will affect both the costs of mortgages and the value of your investments and benefits. Speak to a foreign exchange specialist to highlight the risks and to take appropriate action," he urged.Comments from the group came ahead of a landmark case being heard by the European Court of Human Rights next month which will investigate the degree of entitlement emigres should have to social security benefits and a state pension from their native country.

