Now a great time to take out Islamic mortgage and invest abroad

Fri, 12 Aug 2011
Brits looking into taking out an Islamic mortgage for a property purchase in Dubai or any other Arab state might be wise to move quickly.

According to Atlas International, now is a great time to be looking into buying homes abroad, with confidence starting to return and prices still low.

European sales director James Dearsley explained that there has been a "transformation" in the foreign property market since the start of the year.

"Market confidence has returned, predominantly in more traditional market places, buoyed by significant price reductions and long-term investment potential," he said.

"Atlas International has seen considerable interest from holiday home owners looking to capitalise on the low prices, but also a return of the property investor knowing there are good returns to be made both from capital and rental investment perspectives."

Mr Dearsley added that some markets, such as Spain, are offering fantastic deals, with developers selling at cost price.
Salaam-u-Allaikum
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