Best Overseas "Buy to Let" Location All Year Round Income

[propertastic]

Originally Posted by Goldberg Global

Interesting.
I saw some stats yesterday, Moldova capital had the best rental yields than anywhere in the world, 15%. Is a punt, but it should go up in value. Moldova just north of Romania. prime position for EU entry if it came around.

Yes, I've thought Chisnau is interesting for someone who's ready to take a bit of a gamble.

I've always liked Podgorica, the capital of Montenegro as well. All of the action has been on the coast so far, but there's a real absense of good property in the capital, so I've heard that yields are sky high there too.

It's going to be finding good quality housing stock in both these cities available to buy though - I've searched a lot in the past and it's hard to find.

[RealEstateMoldova]

The prices for the real estate in capital of Moldova Kishinev.

The prices for the real estate in the Central and most expensive part of a city.

The inhabited real estate (apartments, cottages)

The price for one square metre

1000 euro - 1800 euro

Rent for one square metre for a year

120 euro - 300 euro


The commercial real estate (offices, trading departments)

The price for one square metre

1000 euro - 2500 euro

Rent for one square metre for a year

100 euro- 400 euro

[Lysos]

Originally Posted by kingsway

Many thanks!

Looking at buying 1/2 bed. Apt. for around £45/50000. [when i have managed to sell my new one in Sunny Beach!]

Kingsway,

How are you getting on with selling your place ?.

[michaelbush]

These low cost markets like Romania, Albania Moldova etc are fine, but do your research- prices quoted per m2 at 1000 - 1800euros is very high, for the local population to rent or buy. It would make a modest 2 bed apartment of 55m2 over 55000 -99000 euros! In the Buy -to - Let market a good guide is to buy where you can target 100% of the potential market either for selling or letting. Check the rental rates locally for the type of property and work out the value to your from the return you want to make. eg. If you want 7% return gross, multiply the annual rental by 15, 5% return gross multilply by 20. If the property price then still suits, fine. Holiday lets are probably the worst Buy -to- Let investments, particularly if you are relying on borrowed money. There are good opportunities in Brazil as well where rental returns yield around 7-9%.(long term lets)

[mtrtnik]

Originally Posted by propertastic

Yes, I've thought Chisnau is interesting for someone who's ready to take a bit of a gamble.

I've always liked Podgorica, the capital of Montenegro as well. All of the action has been on the coast so far, but there's a real absense of good property in the capital, so I've heard that yields are sky high there too.

It's going to be finding good quality housing stock in both these cities available to buy though - I've searched a lot in the past and it's hard to find.

Prices in Podgorica growed up too much in last 2 years and for oridnary people it's hard to even afford to buy flat. Average salary is 400 EUR or something like that so it's impossible to buy flats with prices 2000 EUR/m2 and up to 3500 EUR/m2. You can also get off-plan developments for less but if you want to move in at once it's hard. I manage to buy very nice flat on good location for 1200 EUR/m2 in August 2006 and let it for 800 EUR/month which is even better of what I have expected. But demand have stopped recently and we'll see if it's only temporary. Otherwise anyone who is more interestedin Podgorica or Montenegro feel free to PM me.

[fresh1]

Tirana in Albania is not 1000 - 1,800 Euros per square metre just yet, except right in the centre. The prices in booming residential areas (Dajti, Kashar) are around 500 - 550 Euros per square metre, which the locals can definitely afford, and are buying at the moment.

[deejay-55]

There are some distress sales on condohotel units in Orlando Florida - where investors bought off-plan at the top of the market. Example - new $400K, resale $300K & less. Those with the right management get year-round vacation lets.

[Goldberg Global]

Still buy to let. France, not lease back but Buy to Let.
Safe, growth market, good leverage, low risk, GUARANTEED RENTALS if occupied or not. bit boring. But makes money. I guess like Banks. Boring but they make money. 6% yields on 80% mortgage even if market goes up 10% a year. You are making 50% returns on your money, with safety.
Very good. 7% is 35% growth on money. The power of leverage. Where our developer has been building they are growing at 18 to 22%, that is very healthy returns. Is a special system. Nothing better anywhere I have seen or heard of and each day we get new things. Incredible. Recommended for people who want to buy and hold more than 5 years. So Medium to Long term investment.

Heard Gordon brown is tampering with UK Buy to Let market so it will drive BTL investors overseas, where is closest with good yields. PARIS. In France right wing government, in UK left. Which countries economy going to do better? The right wing of course, increases prices more in France.

[deejay-55]

Orlando Florida is a year-round vacation destination, and there is a school of thought that short-term rental properties there are now at or near the bottom - of course, only time will tell.

[oregon woodsmoke]

All my money is in Bend, Oregon, USA. If what you want is vacation rentals, we have tourists 365 days a year and year round activities. Skiiing, golf, boating, water skiing, fishing, rock climbing, mountain bking, bike road racing (don't know what that is called), art festivals, rodeos, hot air ballooning, white water rafting, and some of the most beautiful scenery in the world.

The dollar is so low that effectively properties are on sale for 50% off if you have pounds or Euros to buy with.

English speaking, secure property rights, very low crime, politically stable, no terrorism, no sales tax, no resistance to foreignors, great shopping and restaurants, an award winning hospital just in case you break your leg skiing, good roads, and air flights land 10 minutes away from town.

Oh, and not only are you allowed to own your property in your own name, and pass it to your heirs, you are actually allowed to take your money back out of the country again AND if you've got your cash in a USA bank, it is federally insured: no runs on the bank.