Peter Ellis, chief executive officer of Foreign Currency Direct, has called on overseas investors to let their heads rule their hearts when it comes to choosing a luxury villa abroad as emerging property markets like Cape Verde will prove more profitable in the long-term.

"There are so many more lucrative investment opportunities that could be made if the British public invested in properties in lesser unknown and up-and-coming destinations rather than in the traditional Spain and France," he stressed.

According to Mr Ellis, Brits looking to invest in an overseas property are not fully considering emerging markets for their foreign property investments, which is where they have opportunities to purchase at the lowest possible prices to maximise their return on investment, particularly when it comes to offplan resorts.

Source: Adfero