GMG Venture Capital Dublin – Overseas property investment is the way forward.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 13, 2008 -- Buying a second home overseas is much more affordable than it used to be, according to an industry expert.

James Caldwell, director of the Fair Investment Company, stated that purchasing a foreign residence is no longer an activity confined to the super-rich.

This, he said, is partly because air travel has got much cheaper in recent years, while technology has also advanced to make other countries more accessible.

Mr Caldwell commented: "Buying overseas property is no longer an opportunity available only to the rich or famous."

He added that the growing appeal of buying abroad has been partially fuelled by legislatory changes in recent years.

This, he said, has made it much easier to get a mortgage in certain countries, particularly EU member states.

According to market research group Datamonitor, people in the UK and Ireland currently own more than 3.8 million overseas properties.
With the credit crunch being felt in some areas of Europe prices are starting to fall by as much as 20 percent, there are some real bargains to be had right now.

More information can be found online at http://www.gmgventurecapitaldublin.com

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