Home  News Property investors ''not deterred by credit crunch''
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Property investors ''not deterred by credit crunch'' |
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An analyst has rejected the view that demand for foreign property has
been affected by the global credit crunch.
Brooklands
Group chief executive Darren Styles said many commentators were
expecting the market to be frozen to a standstill by worldwide economic
problems.
However, he said the high attendance at the
Brooklands-organised A Place in the Sun Live event in Manchester showed
that this was the not the case...
The three-day event attracted 8,029 people who were willing to spend - on average - almost £150,000.
Mr
Styles commented: "Some industry commentators will tell you the credit
crunch and a fear of recession have chilled the market to a standstill
- not so."
He added that the attendance figures were "fantastic" and bode well for next month''s show in London.
This follows similar comments from Ian Bradley of the Association of Independent Tour Operators.
Speaking to the Guardian, Mr Bradley said people were not being put offbooking a trip overseas by "gloomy" economic forecasts.
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