I want to invest in property, where is best

[neustria]

to Pyramid James
The US real estate market is down 12% overall in the last year but their are great variations region to region. It is misleading to say that it has hit rock bottom when in fact it is still in freefall. It might be time to consider getting into this market when the dollar begins to appreciate against the major currences. Real estate will necessarily pick up when the economy picks up. If house prices start rising again in the US along with an appreciating dollar then investors there will have doubly benefitted. Some "experts" are saying that the US is not in a Recession, but 80% of the population feels that it definitely is. The stock market dropped this week because of the rising price of oil. Americans must drive and for them the rise in the oil price is not offset by a strong currency. As long as they are spending a fortune (for them!!) to feed their cars, the feelgood factor will be hovering around zero.
Neustria

[paul rizza]

Never had a recession, growth approx 11% month and annual rental returns around 25- 35% of completion value
regards
Paul

Originally Posted by Investy

I like to do a uniqueness test. Problem now is there is so much choice, that competition for your resale market will be fierce and resale costs are high (many agents want at least 5%).

Ive invested in Germany but its a difficult market to operate in.

The best is the Government development known as Saidia in Mediterrenean Morocco - there is nothing that can compare.

You will find immensly more facilities on this one development compared with ANY other, to include the biggest most modern marina in the Med.

[Maitam]

Anyone ever considered Singapore? The country is governed strictly with respect for rule of law and buyers of properties are well protected. Of course, one still encounters shoddy workmanship if one is unlucky, which is same all over the world. But if you pick the developer carefully, you will be very safe.

The market is pretty expensive and rental yield is about 4%, which isn't great. But keep it as an option. If you time it right, you can probably get good capital appreciation.

I am from Singapore and I bought my home in 2002. It has gone up by over 20% in marekt value since then. But that's because my home is not located in the prime Districts 9,10 and 11. In those areas, properties appreciated much more over the same period.

[Maitam]

Originally Posted by jun222

I thinkk you are wrong...I believe it to be a great area. There is so much going on here....There is a huge theme park that is being built, DUBAILAND, just like Disneyland. Cause of this there are going to be employees, service industry people renting apartments. Throughout the year it is so hard to find spaces in Hotels. You have to book way in advance. People are inquiring everyday for housing.

Another area, DUBAI SILICON OASIS, is being built. This is supppossed to be the technology hub for this area. All the major technological companies are opening their offices here. For this many residential buildings are being constructed. Shopping Malls, hospitals, a new Academic University, parks, supermarkets.

I just told you about 2 projects. There are so many more in development. i would advise you to think about it again and make a journey here yourself. Once you see in yourself you will then realise what its all about.

I agree with you. I just came back from a vacation in Dubai and couldn't stop raving about the place. It's probably a bit of holiday euphoria, but I certainly think Dubai is a place to look into. I am not sure whether right now is the right time to go in since the market there is surrounded by so much hype. But in 2 or 3 years' time, prices might ease off?

I am hoping to invest in some overseas properties, sort of like retirement planning, and had done some research on the internet. It would appear that Dubai is more welcoming than Thailand. In Thailand, up to a maximum of 49% of the apartments in a building can be held by foreigners on a freehold basis. But there doesn't seem to be such a restriction in Dubai.

One thing I have noticed is that developers' websites don't really say much about the interior of their developments. For example, is the flooring wood or marble? How about the bathroom features?

The other major concern is political instability in the Middle East. What if there is a shooting war in the region?

[Marcus Ng]

Dear James.

Maybe you can take a look at the singapore property market for investment

Originally Posted by PyramidJames

I am looking to invest in property, I am purely looking to make money on the property not use it for a holiday home, I have been looking at Dubai, Southern Cyprus but I’m concerned I’m to late, I am also considering Northern Cyprus & Bulgaria, the prices are great but I’m not sure on the risks invoiced or the predicted return I could receive.

I have also looked at the USA as property is hitting rock bottom but again I’m not sure if or when it will go back up.

If anybody knows where the best places overseas to invest I would really appreciate some advice.



Thank you

James

[Italgenio]

italy offers some great investment opportunities at the moment, especially for developers. italianpropertyexpertdotcom

[DOG]

Hi I am new to this forum but have been investing in property for a number of years. One investment was in Florida. It is true that prices have crashed, but if you paid the right price and chose the right location your investment should be sound.
The good news is that the 3 year decline in Florida appears to be over. It had to happen sometime!
I have been following the market closely and use data from the Florida Real Estate Commission - FREC

When buying in Florida remember to learn how the buying system works!! it is not the same as other places. I used a buyer’s broker who had access to all the properties for sale and was working for me NOT the seller.

This way you will find out the facts rather than the fiction the seller will have you believe.

I found a good company based in the UK who has been operating since 1986
they helpt me find a property and set me up with a good management company etc.

I am not sure if I am allowed to name them or give out details so I won’t unless asked.

Now does seem to be Florida’s time again and with the exchange rate at almost 2 to 1 you can get a lot for your money.

Here are some links to some useful information.

(July 10, 2008 – Orlando, FL) Indicators that Orlando’s housing market is marching toward a balance continued their onward progression in June, led by a four-month decline in inventory that has resulted in a 46.18 percent decrease in the months-of-supply since January. Other positive signs include an increase in the median home price and an ongoing increase in the monthly number of pending sales.

[baqi]

Hi guys i want give you example, the worlds most multi companies now in dubai multi cultural people in dubai many many things, worlds tallest tower ,bigest man made islands, the mall of dubai the worlds bigest shoping mall,indoor ski,world class golf corce, horse corce,water parks,business parks,motor city,sports city , MICHAEL SCHUMACHER business avenue, IRIS BAY,BORIS BECKER tower,,CANDA business center these all in one place BUSINESS BAY 260 TOWERS, First land in the world people become millioner just sitting in homes, in the palm jumerah island one garden home price was in launching 2.8m(AED) NOW 16.2m to 22.5m, ....... Paradise for investers ?

[deejay-55]

From Orlando Business Journal July 30:
"Orlando's inventory of new subdivision housing falls - As people continued moving into new homes faster than builders were erecting them, Metro Orlando's inventory of new subdivision housing fell again during the second quarter ... New-home starts in Orange, Seminole, Osceola and Lake counties totaled ... 12 percent higher than the number of first-quarter starts, a sign that builders were anticipating an increase in demand."

[DOG]

I have been looking at Dubai, but the upcoming problem that I can see is the over supply of property. The numbers of properties being built are not in line with the increase in demand! More units entering the rental market will put a strain on rental yields. More resale’s entering the market as rental falls short of mortgages etc will see prices fall.
I think we have missed the boat in Dubai. 5 or 6 years ago may have been the time, but I can see limited growth now, and difficult times ahead!
We have seen this happen in many other countries Spain, Florida, Bulgaria and here in the UK (a third of buy to let properties remain empty in many UK cities) - and Dubai is not immune.
You cant keep building for buildings sake! You need an internal market in order to sell on your property. With so many new builds coming onto the market, selling a re sale would become be very difficult. Now may be the time to sell.
Sorry Baqy but quoting past growth does not give an indication of future growth.
Why not quote total number of properties to be built, Total visitors for 2005, 2006, 2007. and official growth for the first half on 2008? Prices cant keep increasing at the rate they have in the past and a leveling out is inevitable.