Overseas mortgage demand up 60 per cent

Sarah Davidson

October 5, 2010

Adrian Holland, managing director at Viva Costa International, said: “We have seen a 60% increase in the number of enquires for these countries in the past 12 months. The lending criteria in Dubai have significantly improved and many are predicting a property market recovery there towards the end of 2011.

“Many people who had bought property ‘off plan’ in Dubai have completions coming up and now need to finalise their financing arrangements.”

“India and Poland both have seen relatively stable property growth, with property prices in most regions showing small gains.

“Both countries have a large number of ex-pats living here in the UK who are looking to purchase property back in their homeland. This has driven the increased enquiries we have seen for these countries.”

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