[Home Buy Overseas]

Originally Posted by Jeremy Sturgess

Im sure that as the mortgage market takes off the resale market will pick up too. The lack of credit definetly keeps a lid on prices but with Tamweel and Amlek from Dubai moving in I think financing opportunities will improve probably for locals in the first instance and then overseas buyers.

The other important thing to bear in mind I believe is the mix of buyers in any one scheme. Ideally what you want is a good mix and not just one nationality and I always want to see strong participation by the local market. That way if many people try to exit at completion they arnt all looking for the same type of buyer and they arnt neccessarily all foreign. This is why Bulgaria has struggled recently with some reporting difficulty at reselling at the price they paid.

Unless there is already an established aftersales market like at Ein Sokna or El Gouna where local interest is strong its therefore important to look carefully at the nationality mix of buyers in your scheme before making a decision.

valid point...

that is an interesting angle on things .. much appreciated