Overseas Property
Whether it is for a second home in the sun, a second
source of income from holiday rentals, a holiday or
retirement home or even a long term investment a property
overseas is the current must have lifestyle accessory.
However as a nation the British are following their
hearts and not their heads when investing in overseas
property. Many are following the adverts and choosing France
and Spain for their second home and buy to let properties
rather than seeking out the emerging markets with higher
growth potential than these traditional destinations.
Avatar International are property experts and as such
advising people thinking about buying an overseas property
to consider more original locations to invest in. This has
resulted in a list of what we consider to be the top five
up-and-coming overseas property hotspots.
Top five investment opportunities:
- Cape Verde
Cape Verde is a group of islands 385 miles (620 km) west
of Senegal, West Africa in the Atlantic Ocean. This is
the ultimate virgin property investment market where
individuals can buy beachfront property at prices
unobtainable in most other locations. Described as the
"New Canary Islands" experts are expecting a large
increase in the number of tourist visitors, which in
turn should bring with it a booming rental market. [more]
- Morocco
Bordered by Mauritania and Algeria, Morocco is situated
on the north-western tip of Africa. The coastline runs
along the Mediterranean, through the Straits of
Gibraltar to the Atlantic and a short 14km stretch
separates Tangiers from Gibraltar and Spain. Property
here is quickly becoming one of the leading luxury
emerging markets. It is the very high build quality, the
relatively low cost coupled with the year-round climate
in most areas that is the driving force behind the
continued development. The Vision 2010 initiative has
six primary resorts marked for major investment and
these will be the locations for most of the new property
development in the near future. [more]
- Montenegro
Montenegro is a country that offers property investors
some of the most exciting real estate investment
opportunities in Europe at the moment. It is also a
stunningly beautiful country recovering effectively from
the ravages of war and positioned for EU accession talks
in the near future making the future of Montenegro's
economic development positive and making the country
highly interesting from the property investor's point of
view. The key to the profitability and attraction of
Montenegro's emerging real estate market is the
long-term future development of the country. The
government of Montenegro is committed to working towards
EU accession and as a result they are structuring their
economy accordingly and if, as is expected, they achieve
their dream of full EU membership they will benefit
substantially in financial terms. [more]
- Germany (Berlin)
Berlin Germany is set to offer real estate investors
buying property in Germany substantial capital gains.
Berlin real estate offers overseas property investors a
great opportunity to benefit from low prices with
immense potential for capital gains. Berlins property
prices are still low and represent the lowest prices in
any European City. This situation will not last forever
and already multi national companies are moving in
buying large buildings. During the 1990's property
prices in most European countries significantly
increased those in Berlin stagnated or fell as a result
Berlin now represents the most competitively priced
property in Europe. [more]
- India
India is poised to be the big Asian tiger alongside
China. India scores better since unlike it's communist
neighbour it's a democracy, this makes India much more
attractive to the Banks, financial companies and service
companies. An attractive political climate, an English
speaking population and an extremely well educated
workforce, make India an instant attraction for
companies worldwide. This has resulted in more jobs
created in the country. People have a greater buying
power and are using it as well. Real estate and property
prices in India have been rising more than steadily in
the last few years; major cities and IT hubs have seen
prices going up in multiples not percentages. Another
reason for property prices going up is NRI's in the US,
UK, Dubai and Australia are investing in real estate in
India in a big way. Tax cuts on housing loans have made
them more attractive to buyers. Banks and financial
institutions are going all out to advance housing loans.
More so because this is an extremely safe investment.
This is a good time to invest in Indian property as many
places are still undervalued. [more]
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