The Next Big Thing? ; Looking to Escape the British Gloom? Liz Rowlinson Uncovers 2008's Brightest Overseas Markets

Summary

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THERE may be little cause for optimism in the British property market this festive season, but cast your eyes overseas and the outlook is far less gloomy.

For those willing to take a risk, double-digit price rises could still be a reality during 2008. Intrepid investors are talking about Abu Dhabi in the Middle East or emerging Asian hotspots, but there are also bargains to be had in less exotic, struggling U.S. markets such as Florida where the pound goes from strength to strength.

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The Next Big Thing? ; Looking to Escape the British Gloom? Liz Rowlinson Uncovers 2008's Brightest Overseas Markets

There is also a good case for looking at locations that aren't already awash with UK buyers, such as Mauritius (popular among South Africans) and Montenegro (a big hit with Russians). And while mainland Spain struggles, islands such as Tenerife and Mallorca are performing well, too.

But where else can you find a foreign bolthole that...

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