No country is hot right now for property investment by non locals because the credit crunch has worldwide effect
from previous experience [ been in the property business a long time!!....first crash 78!] it will be 2010 before we start to see any movement anywhere
But there are still good buys, even for dealers but it is best to stick to the established markets rather than those where there has always been a high level of risk and potential profit [ high risk= high profit when it works]
Banks when they cut back to do so with the risk developments so expect to see lots of ' problems' in the so called emerging markets, which have been popular for some time
If you have bought off plan to flip.....[a] you will be lucky to find a buyer [ b] may not get built [c]
EU established markets are best for anyone living in EU and in times like this the Life Style buyer [ which everyone who wants to flip is looking for] sticks to the locations they know best......Spain France
In Spain, which does have a strong economy. there are some good deals...eg 2 bed maisonette from circa £83.000 , 3 bed villa with pool close to Costa Blanca beaches from circa £188.000 and if you really want a good buy Almeria 2 bed apartments from £79,000 , 2 bed bungalow from £116.000 and 2 bed villas in 400m2 plots 25 mins inland from £134,000
And with the new regulations no legal problems or worries
in 2008 this must be the best Life Style location and there are some good re sales deals.....in fact there are also some good Key Ready deals at Polaris World ......want to know? .....then get in touch
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