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Top 5 Emerging Real Estate Markets For 2006
By Rhiannon Williamson, Fri Dec 9th
Successful real estate investors are well aware that one of thefundamental keys to building a successful property portfolio isthe careful timing of market entry; therefore investors alwaysseek to buy ahead of an emerging trend and often take a nationalor international perspective when looking for the next big thingin terms of real estate. In 2006 there are five countries that stand head and shouldersabove all other nations worldwide in terms of the potentialtheir real estate markets present property investors. This article offers
you an overview of each country so that youcan choose where to make your next real estate purchase. (Article continued below)
Costa Rica - The CIA World FactBook has recently begunlisting as "a Central American success story" becausethe Costa Rican government have successfully established aneconomically and politically stable country in which moreoverseas investors are focusing their financial interests. The retiree and second home markets in are growing asis tourism interest and the country offers visitors andexpatriates a stunning climate, an abundance of rare andbeautiful flora and fauna, it is bordered by both the CaribbeanSea and the Pacific Ocean and the standard of living is bothhigh and affordable. The real estate sector in offers investors anaffordable platform and the Costa Rican government offerinvestors certain tax breaks and incentives to commit to thecountry. Ghana - Located in West Africa Ghana is a stunninglybeautiful country with palm fringed, white sandy beaches and anincredibly forward thinking and progressive government. The government of Ghana are committed to improving the economicconditions in Ghana and are targeting foreign direct investmentand making significant constitutional changes to allow for freerflowing investment which will in turn attract greater overseaseconomic interest. The country has a growing tourism sector which requiresaccommodation units to let out to visitors offering a realestate investor an immediate opportunity for rental yield. Andthe long term economic prospects for Ghana are positive whichshould give a property purchaser long term capital growthprospects from any investment made. Malaysia - Economically speaking Malaysia is built onvery solid foundations and is benefiting from closer export tiesto China, low inflation, a small external debt and good foreignexchange reserves. The country also has a growing tourism sector and a vibrant citybased young executive market - either of which a propertyinvestor could target for rental income. Real estate in Malaysiais affordable and economic indicators suggest that propertyprices will continue to rise steadily over the medium to longterm giving an investor the chance to reap capital growth fromany investment made as well. Qatar - Forget Dubai for she's a blown rose! The next bigMiddle Eastern real estate marketplace is Qatar whereconstitutional changes have been effected to allow for foreignfreehold ownership of property in certain key geographic areasand where overseas investment is flooding in. The Qatari government are actively targeting foreign investmentinto all business sectors and establishing an oil-independenteconomy that should be forever sustainable. The property sectoris entirely secondary to the government's focus, therefore aninvestor can rest assured that demand for real estate in Qatarwill remain strong as the majority of buyers are purchasing forlong term accommodation not purely for investment gain. Turkey - In 2005 Turkey finally began the process for EUaccession and immediately received substantial investmentcommitment from Dubai. The real estate market is already doingvery well in Turkey especially in Istanbul and along the TurkishRivera, but this investment boost will help to raiseinfrastructure standards in Turkey and has also already boostedworldwide interest in this vast and impressive country. Real estate investors buying today will benefit from a growingtourism market, increased foreign direct investment as Turkeymoves towards EU membership and also a property market that iscurrently under priced and that has massive room for priceexpansion. Hopefully these hot tips will give you some food for thought andassist you with your next real estate property portfoliopurchase.
About the author:Rhiannon Williamson is a freelance writer whose articles aboutproperty investing and emerging real estate markets haveappeared in publications around the world. She is currentlyworking on a brand new property investment resource http://www.amberlamb.com/ | 