What Will Be A Property Hotspot For 2008???

[bulbasaurus]

Moe What was the problen in Hungary? a couple of developers were in touch earlier this year and were providing government/local authority details of the redevelopment in Budapest, the strongest sales point was the potential strength of the domestic rental market.

I have heard negative stories on Budapest also from other investors- poor yields, a great deal of over supply and a struggling economy.

[deedee1]

Hi all,

Unfortnately I too had heard negatives about budapest- Im glad my instincts told me not to buy before at the last minute!!

I thinks its due to general overhype, inflated prices, oversupply factors etc??

Take care-D

[moe sizlak]

the one saving grace i have in budapest is that im in a very good area and the rent is over 800 euro a month but even at that it still only pays a little more than half the cost of the mortgage , that combined with zero appreciation and its just not worth it

the economy is on its knees in hungary , the goverment is extremley unpopular and they are not due to join the euro currency for nearly 10 yrs , it was all hype that they were due to join in 2010

oh yeah and there are thousands of empty flats across the city aswell

avoid like the plague

[wemyss1960]

Still got plenty to offer!

[Gerry emerging markets]

I do not think thier will be one or two major new countries, I believe it will be more of a pick and mix on some exisiting countries with some new ones coming in on the radar. True investors should be looking at real return on investment so buying into apart hotels and condos without personal use could be a wise move. Don't dismiss the Uk market here.

I think that Morocco will gain strength after a lull in the D'Azur plans delay, and watch out for Panama and Mexico and in Africa, Algeria and Tunisia, but also look at new city investment hot spots such as Istanbul, Bratislava and Cairo.
Slovakia also could warm up as could some of the Greek islands
Property Cold spots

But also those who bought in Dubai and Bulgaria should now realise they have probably reached their peak

[l.a.a.s]

May be i´m wrong but i think more than look for new countries we rather look for regions. For instance , the center and north of Portugal will receive from EU about 70% of 21.5 billions euros that are coming to Portugal from 2008 until 2013(10 million per day approximately). The prices are now in center of portugal less than half when compared with Lisbon or Algarve. Viseu is considered the best portuguese city to live and one of the best in Europe. But in a couple years the prices will be much higher.
For these reasons i think center of Portugal can also be considered a good region for investors

Best regards

luis

[bulbasaurus]

Hmm Lisbon, maybe, do you have an any idea on yields as I am a yield whore?

I am talking with a good developer in Moldavia where the yields are 13% in Chisinau

[bulbasaurus]

Originally Posted by l.a.a.s

May be i´m wrong but i think more than look for new countries we rather look for regions. For instance , the center and north of Portugal will receive from EU about 70% of 21.5 billions euros that are coming to Portugal from 2008 until 2013(10 million per day approximately). The prices are now in center of portugal less than half when compared with Lisbon or Algarve. Viseu is considered the best portuguese city to live and one of the best in Europe. But in a couple years the prices will be much higher.
For these reasons i think center of Portugal can also be considered a good region for investors

Best regards

luis

Sorry I misread your post - you did not mean Lisbon- when you say central Portugal which towns would you suggest and do you have names of local agents

[fitzgeraldtoo@yahoo.com]

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[FJCOM]

Pleased to see not so many pitches as always seems to be the result of where to buy questions.

My picks:
Singapore
India
Germany
and Japan of course...

Not so sure of the definition of "hot spots" though.

Is that to mean where everyone is going to buy, or does it mean where money is to be made (which are not always the same thing)