Published by Jamie JemmesonInvesting in foreign property could prove to be a secure investment, an expert has argued.Ray Withers, founding director of Property Frontiers, said on the Buy Association podcast that people who may have bought stocks and shares in the past are increasingly looking towards foreign property.He noted that such an investment can offer good returns while still being relatively secure, as it will not lose its value "overnight".Taking out a mortgage for a foreign property in countries currently recovering from the global economic downturn could prove to be successful, Mr Withers suggested."There are risks in certain markets the further out you go, or the more emerging markets, but with that risk comes a higher reward obviously," he added.Mr Withers noted that in countries such as Bulgaria and Montenegro, a small apartment can be bought for around £23,000. A foreign mortgage on such an amount "sounds pretty good," he said.Earlier this month, Amanda Lamb, presenter of A Place in the Sun, noted that Spain and France remain good places in which to buy a foreign property.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site