Property hotspots for 2009
By GP • Feb 13th, 2009 • Category: Analysis, Garry Pierrepont, Investing, MarketingProperty Frontiers, the international real estate investment group, has come up with a list of the top property investment hotspots around the world for 2009.
Top of the pile is PANAMA. It has a strong economy, a favourable tax regime, and businesses are attracted by its offshore banking facilities. This makes it attractive for property investors, who can choose between offices, beachside resorts, and hotel occupancy deals. By the way in the UK, if you are taking coals to Newcastle – you might be interested in Cheap accommodation Newcastle
In second place is Kuala Lumpur in MALAYSIA. It’s a booming city, with property that’s still affordable, and can be reached fairly easily by budget airlines (always a key factor in property prices for UK investors).
Next comes Brazil. It’s a vast country, so it’s best to narrow it down to the north-eastern city area of Natal, with clean air and much untouched space, as well as a warm year-round climate and miles of sandy beaches. Also, the city of Sao Paulo has high demand for quality accommodation in a large and growing city.
In fourth place is the High Tatras mountain region of Slovakia with winter sports in winter, and golfing, walking and other nature-related activities in the summer.
Coming next is the United States, tipped because property prices could be about to bottom out. In Florida, apartments are going for 54 per cent less than launch price, and offer an instant six per cent return.
Sixth in the list is the UK. Again, here, property prices might soon bottom out, and for overseas investors the weak pound will make property look attractive. To overseas investors, property in the UK looks to be 54 per cent cheaper than 12 months ago.
GP is Garry Pierrepont .....
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