"If you’ve got the cash and you can buy now, you can get fantastic bargains," he said.
"You don’t buy properties when the market is on the way up – you buy when you’re near the bottom of the market. And if we’re not at the bottom now, we’re close to it.
"If you’re buying for investment and take a mid to long-term view – five to 10 years – then you should see healthy returns."
Way said there were five key points for people thinking of climbing on the overseas property ladder to consider:
1 Look into forward contracts for your cash: consider fixing your currency conversion rate to fix the price of your property;
2 Take care with purchasing off-plan: only buy property that’s completed, or from established developers;
3 Get independent legal advice: always use a lawyer (ideally not the one the developers recommend);
4 Be prepared to haggle: there’s no harm putting in a sneaky offer;
5 Watch your wallet: budget for your purchase carefully – now is not the time to overstretch yourself financially.
* A Place In The Sun Live property exhibition takes place at Earls Court 2, London from 3–5 April.
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