More Americans are looking overseas for investment, particularly in property.

Investing in international real estate, stocks and currencies has long been popular among European, Asian and Latin American buyers, but the practice has only recently caught on among their counterparts in the U.S.

The financial crisis, the weakness of the dollar and the U.S. housing bust have convinced affluent Americans to hedge against another crash by diversifying their portfolios such as investing directly in foreign equities denominated in other currencies or buying properties abroad.

Investing overseas carries its own risks, but Americans who are beginning to do so are making their choice based on the fact that not only is the U.S. market dwindling, but that several international markets are booming.

Source: New York Times