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The Hottest Countries For Property Investment In 2005
By Rhiannon Williamson, Thu Dec 8th
Whether you are a property investor looking for a steady and‘safe’ investment in a proven market or a property speculatorwilling to gamble on the unknown and undiscovered in the hopesof gaining a significant ROI (return on investment), thisarticle covers the property investment hotspots for 2005. A recent UK government report discovered that there was a 250%increase between 2000 and 2004 in the number of Britons buyingproperty abroad solely for investment purposes, and this trenddoes not seem to be limited to the UK nor does it seem to beslowing down! The global stock markets seem to be in decline, there is aworldwide pension
crisis looming and we have uncertainty in theMiddle East, in the UK the housing market is unaffordable,possibly over inflated and unlikely to bring significant returnsfor investors late in on the game and so more and more of us arelooking further afield for our investment opportunities. Thishas led us to look around the world for the ‘next big thing’ -the next property boom. (Article continued below)
So what’s hot for 2005? The latest EU entrants are proving of continued interest to theproperty investor as are those countries in line for EUascension in 2007. The likes of Malta, Poland, the Czech Republic and Cyprus whojoined the EU in 2004 were hot before they joined and haveproved solid for investors already in the market and are lookinglike safe bets for 2005 as well. Growth is set to be steady, theeconomies of these countries are improving and investorconfidence is strong. Hungary, Slovakia, Bulgaria, Croatia, Turkey and even NorthCyprus who are lining up for ascension consideration in 2007have solid emerging property markets which are proving ofinterest to the property speculator. Clearly the risk involvedin investing in countries not already in line with EU fiscal andlegal legislation is greater, however, so are potential returns. The attraction of such markets to property speculators is quitesimple – these countries are working hard to improveinfrastructure, attract inward investment, stabilise theireconomies and promote tourism, and ultimately they are hopingfor EU ascension as this brings with it vast potential foreconomic advancement. In the meantime these countries often havedeflated property markets offering incredible real estate‘bargains’ and undiscovered and under exposed tourism potential– all of which adds up to potentially significant returns foranyone in on the property investment game. Eastern Europe is opening up thanks to the budget airlinescarving swathes of routes into all corners – from Ljubljana toSalzburg, from Krakow to Riga – and also thanks to overseasproperty investment clubs. It is now possible to invest inoverseas property funds meaning your money can go far furtherthan you ever have to! It’s possible to invest in funds which purchase and manageproperty in Spain, Slovenia, Poland, Bulgaria, Croatia etc.,etc. These funds work just like any other general investmentfund. The investors’ money is pooled and the fund managers thenpurchase a range of investments – in this case a range ofproperties in various locations – and manage them. Anyone looking to invest in such a property fund should expect aminimum investment of around 10,000 - 20,000 with a 1% upfrontfee, a 1% management fee and a performance fee. Obviouslycharges and investment rates vary from fund to fund and returnsare not guaranteed. There is still room for expansion in the popular propertyhotspots of Spain, France, Italy and Portugal. The markets inthese countries are proven, strong and ever popular, and if youhead off the beaten track, away from the main touristdestinations and airports you are still likely to findsignificant property investment opportunities. New flight routes and new areas of interest in these Europeandestinations are attracting more property investors month onmonth and the word in the market is that if you are interestedin these countries you should consider the northern parts ofCosta Almeria or Costa Calida in Spain for example, the Costa dePrata in Portugal or Languedoc, the Cote d’Azur andsurprisingly, Paris in France. Further afield Dubai and Florida are established, proven marketswith room for growth, Bahrain and Canada are countries worthconsidering, as are New Zealand and South Africa. The latter isof particular interest to speculators as it is set to host theworld cup in 2010, the Rand is weak, the political situation isstable, it is possible to buy yourself out of crime hotspots andthe scenery is diverse, breath taking and stunning and theproperty market is definitely hot! If you are considering property investment for the first time orare keen to increase your presence in the real estate investmentmarket place, make sure you are comfortable with any investmentbefore you go ahead and sign on the dotted line. Read around anddo plenty of research - the internet is a great place to start –research the country you are considering investing in, and anyinvestment, real estate or legal company you are consideringgetting involved with. Seek independent advice and always keepin mind that the value of any investment can go down as well asup. To your success – cheers!
About the author:Rhiannon Williamson is an experienced publisher who has producedarticles for leading travel and tourism guides and financialmagazines. Her specialist knowledge about both travel andfinance gives www.ShelterOffshore.com the unique ability toliterally cover every single aspect of moving & living abroad -including the often less discussed offshore tax advantages thatcan be available when leaving our homeland. | 