Experts have stated that now is a good time to look for bargains on the overseas property market, as there are more of these available now.

A Newsweek report noted that many of these are in areas such as Verbier, Tuscany and the French Riviera, with chief executive of Sotheby’s International Realty in France Alexander Kraft telling the magazine: "There are more properties coming onto the market than we have seen for a very long time and there are great deals to be had."

The report also noted the comments of Marc Cohen, director of London-based luxury consultancy Ledbury Research, who stated that the recent economic downturn has changed the demographics of the second home market from being dominated by retirees to featuring more young people on good salaries.

Some may have been concerned about the cost of some overseas property in the light of the recent falls in value of sterling against the euro and the US dollar.

However, chief economist at foreign exchange brokerage World First Jeremy Cook said last month that this will soon change, commenting: "The overall feeling for 2009 is that there will be a pull back from the edge of a stronger sterling."

Visit Rightmove Overseas for the best selection of overseas property. Stop dreaming, start searching!