Overseas Property as an Investment
Investment in property, or real estate has never been
more popular. Investor anxiety about poorly performing
shares and pensions has seen tens of thousands of British
citizens place their trust in bricks and mortar in order to
secure their future.
Initially, the UK’s booming property market with it's
house price capital appreciation between 1997 and 2004 was
147 per cent, which, in Europe, was second only to Ireland -
saw investors put their faith in the real estate at home.
However, around mid-2004, as the market in Britain peaked,
the canny speculator turned his attention overseas.
In truth, the really savvy investor had long been putting
money into overseas property. In keeping with the UK, the
global real estate market began to rise in 1997. Capital
growth in South Africa was the highest worldwide, at 195 per
cent from 1997 - 2004. However, unlike in the UK market,
house price inflation continues unchecked in many corners of
every continent.
For example, in the first quarter of 2006, Estonia
witnessed capital growth of 17 per cent – the highest in the
world, in year-on-year performance, according to the Knight
Frank Global House Price Index. The figure will make for an
impressive return for those who entered the Estonian market
last year, but what all investors will want to know is not
where has performed well, but where will do so next.
At Avatar International we aim to provide an introduction to
property investment, outlining the what, where, why and how,
to assist you in your ambition to build a profitable
international property portfolio, whether you are investing
overseas for capital growth or for income.
|
