London, UK (PRWEB) August 14, 2008
Impartial property buying guide BuyAssociation.co.uk has responded to the effects of the credit crunch on consumers' pockets by finding a selection of desirable properties around the world for less than £50,000. The list, which can be found on buyassociation.co.uk, provides a range of options for those looking for property abroad that won't break the bank.
With the global credit crunch and economic slowdown affecting market confidence and the equity many people have to spend on their property abroad, this list is the definitive guide to getting an overseas home for less. Included in the list are places to renovate, investment properties and holiday homes, spread as far apart as Brazil, the Caribbean and Albania, in an effort to provide a comprehensive look at what can be found on a tighter budget.
BuyAssociation.co.uk Property Editor Paul Collins commented: "In times of economic turbulence, more people than ever consider leaving the UK for good but the cash constraints of leaner times mean they do not have quite the disposable income they might like to buy their home abroad. While we have been talking about the rising prices of overseas property for years, it is good to see that there are still real bargains out there for those prepared to look hard."
The opportunity to buy property overseas for less than some people pay for their car also opens up a different market for investors. Some buyers interested in the more investment-based properties on the list will be able to purchase without need to arrange finance, and can begin to make money on their investment immediately, a prospect that will prove attractive in current circumstances.
Finding overseas properties for less is also advantageous for those buyers who were considering re-mortgaging their UK property in order to pay for the home abroad. With fewer mortgage products on the market from UK lenders, the options to raise finance through this route are severely limited.
To view the Top Ten Properties Under £50,000, go to http://www.buyassociation.co.uk/property/text/head-to-head/buyassociation/ten-to-beat-the-credit-crunch.html, where you can also find Buying Guides, Fact Sheets and Podcasts on buying property in more than 40 countries.
Notes to editors: Founded in 2005 by Chief Executive, Caroline Roberts, BuyAssociation is a one-stop-shop for impartial property advice. Through its independent Buying Guides and Articles, Radio Shows and Podcasts, BuyAssociation empowers its users by giving them the inside track on the property market. The company syndicates this independent and impartial content across of wide range of high profile online partners, including AOL.co.uk, Tiscali.co.uk, GMTV, City AM, Magic.co.uk, Orange, Rightmove, PropertyFinder and PrimeLocation, with new network partners being added every month. Roberts has over 17 years' experience in media, having spent 10 years developing radio and working directly for major UK radio groups, including Capital Radio and EMAP. As founding Managing Director of Curly Media, Roberts created 'The Overseas Property Panel', an eight week radio series about buying property abroad, which was broadcast on the Classic Gold network, and from which the unique BuyAssociation concept evolved.