I want to invest in property, where is best

[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

[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.

[PyramidJames]

Thank you for that buddy, do you know of any risks in Morocco, my friend went there on holiday last year and was told not to leave the complex because of security??? I see 1 bed properties start from around £50k do you know anything about possible return over the next few years??

[Property Developer]

I have seen guaranteed return offers in Morocco but if you are a first time investor why not consider something closer to home first.

There are a lot of funds where you can invest from £20K even using your SIPP to acquire a holding in a property deal

[PyramidJames]

I have invested quite a lot in southern Spain but that market is saturated now, maybe I have been spoilt with the returns I have experienced in the past, which countries do you recommend I look at for best return?

[Property Developer]

Sorry, by closer to home I meant the UK. What sort of returns are you looking for?

Tony

[PyramidJames]

Hi Tony

I do quite a bit in the UK, buy to let, but its getting harder to find good deals thats why im looking abroad.

Cheers

James

[deejay-55]

A condohotel unit in Orlando USA could be a possibility, if you get one with a good management programme - but as you say, who knows when it will go up again?

[The Soup Dragon]

PyramidJames. This might seem cheeky, but are you sure your friend was in Morocco and not Egypt? Several friends have been to Egypt and made that sort of remark (not leaving complex without guard), but I don’t know anyone that has been to Morocco and said the same. (Been there twice, travelling under my own steam and never felt in anyway threatened. Not even when pulled over by police – a regular occurrence if you drive there.)

Morocco has its problems and stability / perception of stability is one of them. There is an Islamic element and the fear many potential investors have is that it will come to the fore (with impact that could have on prices.) Many of us on the forum have assessed in detail where we think Morocco sits on the risk versus reward curve. Investy and I are among those having done so and subsequently taken the step of investing there. Rentals will vary. Given you don’t intend to use the property I’d say you were better getting somewhere in Marrakesh or one of the other cities where year round rentals can be achieved. Property Developer mentioned funds. One fund/loan to a developer that might of interest if Morocco is on your radar is provided by Midas PLC. Think 75% returns are available over 2 years with land being used as security for part of your investment. You can approach them directly or talk to Goldberg Global from this forum (they act as an agent for Midas.)

[Investy]

Soup Dragon has a point about Marrakech, its a real economic powerhouse and rent yields can be good.

Make sure you have any funds invested properly recorded by the exchange authorities, as this will make your exit route simple. Mine and Soup Dragons developer (we invested in Saidia) did this on our behalve.

I still prefer Saidia as I think its a unique development not just in Morocco, but in the world.