Released on: February 12, 2008, 11:40 pm

Press Release Author: Nicholas Marr

Industry: Real Estate

Press Release Summary: The overseas property portal Homesgofast.com gave an early
indication into the investment intentions of thousands of UK overseas property
investors for 2008.

Press Release Body: London, UK, 12th February 2008 -- The overseas property portal
Homesgofast.com gave an early indication into the investment intentions of thousands
of UK overseas property investors for 2008. The portal announced its 5 top overseas
investment locations from over 170,000 visitors in January 2008. The top regions
that enticed investors at the start of the year were, Dubai, Brazil, Egypt, US and
Turkey. Interestingly the overwhelming majority of investor's enquiries were for
property priced under £60,000.

The UK overseas property industry has been bracing itself for a bumpy 2008 as the
ripples of the credit crunch take effect. One of the biggest concerns is the
difficulty for property developers in raising finance for new projects.

Mathew Lanham Technical director at Homesgofast \" In January alone enquiries for
lower priced investment properties has risen by 30%, and its clear from our
statistics that this number is likely to rise in the coming months.\"

CEO of Homesgofast.com Nicholas Marr "Cheaper overseas property investments appear
to be en vogue, the majority of our top 5 investment property regions offer very low
property prices. Many investors are prepared to buy investment property in places
like Egypt without requiring finance.
.
Listed first place for investor interest in January 2008 was Dubai, this was despite
the region witnessing a slow down of investment as new rules for developers took
effect. Homesgofast Dubai based Chief Sales Executive Hind Jouini "Despite the
recent slow down by developers in launching new projects we are experiencing strong
demand from the UK. The majority of our clients in January are from the British
Asian community seeking to invest in Dubai

Brazil listed second in investor interest and offers property starting at £20,000.
Steve Mitchell of overseas investment company Investinpro "\"Brazil currently offers
very competitive property prices with solid appreciation. The rental market is easy
to understand with the worlds most beautiful beaches and colourful culture boosted
by the fact that travel to Brazil is now more than affordable\"

In third place was property in Egypt attracting investment. Laurie Hain of real
estate company Off Plan Planet "Egypt is witnessing incredible amounts of interest
from UK buyers. Massive investment, direct flights, favourable tax laws, strong
capital appreciation, long rental seasons and incredible ocean front locations all
make for an ideal investment.

The US regions of Western New York and Florida have caught the attention of UK
investors and came in fourth place. David Brennan of Brennan Properties "\' many
clients are flocking to invest in Western New York as the prices are low, the yields
are the highest in the world at the moment, the net returns are tremendous, and this
trend is set to continue despite the credit crunch which has affected the more
affluent states in the USA"

Florida bargains are in abundance in the sunshine state, one example is where the
portal promoted a no reserve auction of 27 brand new homes in Naples Florida.

In fifth place were property investments in Turkey Julian Walker of Turkish property
specialists Spot Blue "\"Turkey is a strong growing economy and is a popular place to
visit; it offers good rental potential with demand which comes from tourists and
from the local population. Belek is a great area for Golf and is easily accessible
which a key element is for overseas property investors"

About Homesgofast.com
Homesgofast.com is a UK based international real estate website, covering over 60
countries, with 40% of traffic coming from UK buyers.It promotes thousands of
properties on behalf of propertty developers , real estate agents and some private
sellers. Many of it visitors are international reral estate investors from the UK
and worldwide.


Contact:
HomesGofast.com
Nicholas Marr
London, United Kingdom,
442070993392
nick@homesgofast.com
http://www.homesgofast.com




Web Site: http://www.homesgofast.com

Contact Details: HomesGofast.com
Nicholas Marr
London, United Kingdom,
442070993392
nick@homesgofast.com
http://www.homesgofast.com