The number of buyers looking to pick up overseas property at bargain prices is rising, an expert has said.

Director of overseas property portal Nubricks.com Adam Samuel commented that there is increased interest in distressed properties, where the owner may discount the cost in order to achieve a quick sale.

Describing the kind of overseas property such buyers are looking for, Mr Samuel said: "It has got to be property that really has been reduced from its original value and, even better, you have got to see the value there."

Those keen on investing in overseas property may wish to see what sort of bargains they are able to find as some sellers decide they need to cash in on their assets.

Last month Knight Frank’s Global House Price Index revealed that 80 per cent of the countries in the survey saw prices fall last year.

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