Quote:
Originally Posted by BrianC
From an inheritance I have the above sum to invest.
I am looking for an investment where I have a fair chance of doubling this in a 5-6 year period and am fully aware that this will come with an element of risk.
I am not looking for a lifestyle property or somewhere to retire to and frankly IŽd be very wary of any place that was promising 30%+ growth per year.
Ideally IŽd like to buy outright and have the property let and managed with minimal input from me.
Suggestions?
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As I said in the earlier post as an answer to Pilliam an element of risk is always going to exist when these levels of capital growth are mooted. However, you have taken that on board.
Capital growth over 5-6 years of approximately 100% should not be an issue in a decent emerging market. However, dont forget that if there is no yield offsetting opportunity earnings on the cash it will erode your real term return quite substantially.
Countries like Egypt certainly offer strong rental yields and even discounting claims of 10-15% returns, 7% pa will give 2-3% spreads over deposits. Now your annual capital growth is real world.
60k euros will buy a 1 bed apartment close to or on the beach on the Red Sea or act as a deposit in more expensive locations in Europe.
Cheers
Rick