A GLOBAL property investment company has released an index listing the top 10 worldwide property hotspots.
The Prestige Group's first International Hotspots Index sets out a top 10 of overseas residential hot spots, providing an incisive guide for investors.
Key factors such as prices, rental yields, the local legal system, social and economic stability and the cost of finance are examined.
Top of the list is Warsaw, Poland, and two more of the top 10 spots are in former Eastern Bloc countries, highlighting a trend of investment moving away from the Mediterranean.
Spain, in particular the Costa del Sol comes at the bottom of the list, with Cape Town, the western Algarve, Dubai, Florida, Dublin and Cape Verde placing higher.
Paul Coghlan, chairman of Prestige Group, said: "Investment in overseas property is moving away from the holiday homes market and towards attainment of stronger appreciating property in the less traditional countries.
"The market has been fuelled by interest from homeowners in the UK and Ireland who, seeing their homes increase in value, wish to make equivalent gains in other emerging markets."
He added: "These residential purchasers have clearer investment goals, making them much more calculating in their decisions."
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