Published by Mark Smith-HalvorsenOverseas property investors could see strong returns from a move in the Manhattan market, one expert has claimed.Terry Hobbs, media manager at propertyshowrooms.com, pointed to recent research carried out by Knight Frank and Citi Private Bank which showed the Manhattan market fell by 12.5 per cent in 2009.He explained this meant that for those with a nose for a good deal, it may be possible to snap up a premium property in the exclusive neighbourhood at an attractive discount.Mr Hobbs went on to explain that the Australian market is another personal favourite."I think they are just a little bit more stable. It is not going to see huge amounts of growth, but I think it is just a good steady investment over there," he predicted.Mr Hobbs also responded to the report by advising buyers to think carefully about taking on a foreign property mortgage in Asian markets, as market gains in excess of 40 per cent would suggest a bubble is forming.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site