Top 10 non-eu property buying spots

[robh]

An article by the Sun on the top 10 places to buy a property outside of the Eu.

Top 10 non-EU expat buys | The Sun |News|Expats|Expats Advice


Regards,
Rob.

[EuroGroup]

I think that Croatia, Montenegro, South Africa, Tunisia and Morocco surely should be on this list as well. I've seen some interesting offers in Albania also, but I'm not sure if it is safe to invest there. Maybe in a few years time, why not? They have beautiful coast there and prices much lower than in Croatia.

[Marcel]

Tunisia is perhaps best compared to one of their western neighbours, Morocco. Although Morocco doesn’t bode as well as Tunisia in terms of economic growth and stability, UK and European Investors have been buying property there for a few years now and the price of Moroccan property has risen considerably during that time. It is difficult to determine exactly how much prices have risen, as with any emerging market, but reports from developers tend to suggest that the selling price has tripled in some areas.

Infrastructure and transportation to and within and the country are excellent as Tunisia offers 7 international airports ensuring that no matter where you are in the country you are never further away than 2 hours from an airport. The largest airport in Northern Africa is currently under construction in Tunisia scheduled for completion in late 2009 which will offer cheap and inexpensive flights with carriers such as Ryanairand Easyjet. Within 10 minutes drive of this airport, the largest deep water port in the southern Mediterranean is also being built enabling the globe’s biggest trade ships and cruise liners to dock in Tunisia.

Rental yields are very high in Tunisia. To summarise, below are the key points explaining why you should be buying in Tunisia.
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Low property prices
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High Rental Yields
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Dubai developers investing heavily
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High rate of growth
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Low rate of inflation
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Most stable country on the continent
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Very cosmopolitan society
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Modern thinking nation
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Excellent relations with EU
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Relaxed restrictions on foreign ownership
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Fantastic Infrastructure
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Many direct flights from the UK & Europe
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3 hours from UK / less than 2 from Europe
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Great weather all year round

[cin7166]

That's great! My 3 all make the top ten, Turkey, Egypt and Malaysia

[propertastic]

Originally Posted by EuroGroup

I think that Croatia, Montenegro, South Africa, Tunisia and Morocco surely should be on this list as well. I've seen some interesting offers in Albania also, but I'm not sure if it is safe to invest there. Maybe in a few years time, why not? They have beautiful coast there and prices much lower than in Croatia.

Croatia and Montenegro have both peaked now and the markets are slowing down.

Morocco isn't cheap any more.

Tunisia I agree could be an interesting new market.

[robh]

Originally Posted by EuroGroup

I think that Croatia, Montenegro, South Africa, Tunisia and Morocco surely should be on this list as well. I've seen some interesting offers in Albania also, but I'm not sure if it is safe to invest there. Maybe in a few years time, why not? They have beautiful coast there and prices much lower than in Croatia.

I think South Africa is going down the tubes with it's latest president, which is a great pity as it is a beautiful country..

Morrocco might be still ok, but I think there are political issues which Tunisia will also feel the effects from.

[Bianka]

Originally Posted by EuroGroup

I think that Croatia, Montenegro, South Africa, Tunisia and Morocco surely should be on this list as well. I've seen some interesting offers in Albania also, but I'm not sure if it is safe to invest there. Maybe in a few years time, why not? They have beautiful coast there and prices much lower than in Croatia.

Albania is safe

[Investy]

Originally Posted by Marcel

Tunisia is perhaps best compared to one of their western neighbours, Morocco. Although Morocco doesn’t bode as well as Tunisia in terms of economic growth and stability, UK and European Investors have been buying property there for a few years now

I invested in Morocco. I would not buy in Tunisia. Morocco has long had a funky imagine synonemous with the likes of the Rolling Stones, Branson and Jimi Hendrix. It has become a style icon and it is this that underpins the tourism brand.

Tunisia on the other hand has a down market image in the minds of the average Brit.

Morocco prices have not really gone up either, they just started expensive!

You should recognise that the reason many of us invested in the Plan Azure resorts is that they are like giant centreparcs that include massive 1000 berth marinas, and such extensive sports facilities that many Premiership mfootballers have invested.
These sites have no compare in Spain or Portugal.

I dont know if Tunisia has such large single developments as this (my Moroccan one has 11 hotels all in one development and a 1000 berth marina).

I went to Tunisia once and found it very dirty, down market, and grim. The hotel was in En Kantoui and was 5*, but really utterly rubbish with warm buffet style food and very arrogant cheeky staff that none of us trusted.
It was like fake 5*, really aimed at mass down market tourism. Notjing like Saidia Morocco.

[robh]

Originally Posted by The Iain Stewart

I cannot believe that Dubai, Abu Dhabi and Ajman are not on this list!

Dubai has slowed down a lot for the brits, we get a lot of business from people selling out of Dubai and buying into Brazil.

[robh]

Originally Posted by The Iain Stewart

Your right Dubai has slowed down for the Brits, but it is still booming for other international clients, we get hundreds of enquiries every day for people wanting to buy in Dubai, mainly from Pakistan, India, Japan, USA, Africa and Australia.

I have heard way too many horror stories about Brazil, especially the coastal resorts, I know some people who have been ripped off big time there.

I understand that Rio and Sao Paulo are booming though. Do you have anything in the cities?

Iain

Wow, if you are getting hundreds of enquiries a day, then you are doing much better than the major property portals who aren't getting anywhere near that about Dubai nor anywhere else at the moment.

I am sorry to hear about your friends, but I can easily dig up the lots of horror stories about the UAE. Last I heard you couldn't even swim in the sea in Dubai becuase there is nowhere for the sewerage to go except into the sea.

As for Brazil we don't do the cities, we only do certain areas on the N/E coast where we know the area very well and know the developer.

Rob.