The old content that used to occupy this page was the biggest waste of potentially excellent web space in the history of the internet – not anymore. We hope that this will become a window onto the world of property investment, because this page will now be regularly updated as and when the countries we deem to be the best for overseas property investment change.
No more rambling for the sake of it; just straight down to business. Our research department recently released its first quarter findings in the form of a 2 part press release revealing the top five overseas property investment destinations for those eyeing short-term gains, a quick phone-call to them reveals a change in their findings based on recent events.
However, we have decided not to put ours in any order; this is not a press release but a resource for people who are considering investing in overseas property, but who may or may not have other considerations, so we have some further afield and some closer to home.
To be honest it's a little because of the fact that the top destinations are so close in their growth potential it is so hard to put any one above another. So here are the top 2 overseas property investment destinations in no particular order.
Overseas Property Hotspots for Short-Term Investors
Luxury Resort Villas on Koh Samui
Koh Samui has so many more factors that make strong growth almost a foregone conclusion, and the level of competition in the market right now, caused by Samui having more 5 & 6 star resorts than any other Asian island, means real bargain off plan properties are currently available.
Off plan resort villas were averaging at £200,000 a piece about 6 months ago, and because of the intense competition you can now get a luxury 2 bedroom resort villa with finance for £100,000. And on Phuket luxury villa prices grew by 50% per year the past two years, despite their already being in excess of £250k, and Koh Samui grew at the same level.
The competition that has driven luxury property prices down so low in Koh Samui, leaves even more room for growth at the same level for the next two years, and even after that 30% annual growth is likely – even the most conservative forecasters are predicting 30% annual capital appreciation for at least the next 5 years on Koh Samui.
Note: Koh Phangan is the latest Thai island to emerge onto the overseas property investment scene, and though it has no proven growth figures, with the two other islands as a guide, luxury resort property on Koh Phangan is definitely worth a second look. But at the present time, competition in Samui means prices aren't that much lower on Koh Phangan. Even so, Koh Phangan is likely to enjoy a boom in the next year and a half to two years, and we all know the benefits of getting in before the boom...
Montenegro is another country that has comparative neighbours that have displayed massive growth. Croatia is the country most similar to Montenegro, it has similarly beautiful coastlines, similar climate, and similarly emerged from Pariah status to become a hot tourism and property investment destination.
Since Croatia began to attract international attention 4-5 years ago property prices have tripled, and even quadrupled in some places, now Montenegro is attracting the same levels of international attention, tourism is going through the roof not least because of budget airlines which recently announced new flights direct to Montenegro and it is easy to predict that property in Montenegro prices will grow along the same lines as Croatia's did.
Croatia has levelled out a little now, but it is expected to see another rush upon acceptance into the European Union expected in 2010. And that is another great thing on property Montenegro s horizon, EU entry, there is no set timeframe for Montenegro's acceptance into the EU, but since it split from Serbia it has been openly welcomed into other international and European bodies in its own right, including in March this year the EU's Competitiveness and Innovation Programme, that awards grants to small businesses and entrepreneurs, so we can estimate Montenegro's full EU entry sometime in the next 5-7 years.
The money that pours into a country on its path to joining the EU is excellent news for investors, because it bolsters economic growth, helps lower employment and bridge poverty divides, and generally assists in the spread of affluence throughout the country. As the growing affluence causes a rise in living costs, building materials cost more, builders put prices up because they have to pay their tradesmen and labourers more, and property prices are pushed up at a rapid rate. We all know that Croatia property prices are now moderate-high, but in Montenegro they are still comparatively extremely low – the writing is on the wall; there's money to be made in Montenegro property.
Find out more about property Tunisia and buying property in Tunisia.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment.
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Koh Samui Luxury Property for Sale has an extensive variety of places, stunning beaches and amazing natural island mountain forests.
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