Property Investment Abroad
Hey Guys,
I personally have always preferred to invest in the UK, but the TimesOnlines recent story about global property price falls has given me a new perspective on the prospective profits that can be earned from these types of properties.
I know, I know… every country has got their own property laws detailing what is necessary to invest. But… if you were to take the time to gain a firm grasp of these laws, the instant earnings you could generate from these locations could really be worth your time.
Take these following figures supplied by the Timesonline. Here they have examined at least 7 locations, all of which can offer you instant earnings due to their affordability:
France: In Normandy, Brittany, the Dordogne and Cote d’Azur all their properties have fallen in value by 7.5%. But as a country as a whole properties in France are down 25%.
Spain: Properties across the board are now 20% cheaper than they were in 2007.
Italy: Look in Tuscany and properties which originally cost 700,000 euros are now 400,000 euros. Overall though, investors can expect to see savings of 20% in their investments.
Manhatten: Properties across the State have fallen by a minimum of 20% in value with some falling as high as 30%.
Florida: Some of their properties have experienced discounts of over 50% making them an ideal second home location.
South Africa: Prices average out at 10-20% below their peak value in 2007
Dubai: Following their 6 year property boom, you can now invest in Dubai at 75% of the properties value.
I know these figures shouldn’t be that surprising. After all we are in a global recession, but the similarity in price falls between there and in the UK, makes any one of these above locations an appetising investment opportunity.
The only thing you have to be careful with here is their laws. Once you know that and are confident you can find an all year round tenancy, then there is the potential to invest. A property that for example is only in demand for 4 months of the year isn’t worth the time. To truly make it work you need a tenant to fill the property for the whole 12 months.
Anyways this information does provide an interesting twist for anyone looking to broaden their horizons in property investment. It is certainly something to consider.
Wendy xx
PS. If you are interested as I am in this story, here is its link: http://property.timesonline.co.uk/tol/life_and_style/property/overseas/article5858851.ece. Enjoy 
