Where to Buy Property Abroad: An Investors Guide - Softcover

Cox, David; Withers, Ray; Godfrey, Kate

Softcover

ISBN 10: 1854583565 ISBN 13: 9781854583567

Publisher: UNKNO, 2006

Synopsis

From the $2,000 house in Bulgaria to the $2 million apartment in Hong Kong, the international property market offers potential gains for investors far in excess of what can be achieved by more conventional investments. Where to Buy Property Abroad – An Investors Guide is written by experts in the emerging markets who have selected the prime hotspots around the world that are likely to show the greatest capital appreciation, and is essential reading for anyone considering buying property abroad whether for personal use or purely as an investment.
Part 1, How and Why to Buy Property Abroad, addresses all the aspects the potential buyer needs to consider:

Obtaining finance and the international mortgage market.Calculating risk and considering an exit strategy.Key factors such as guaranteed rental return and leaseback.Investment vehicles such as Real Estate Investment Trusts (REITs)Where and what to buy – new or old, in the country or the city.Whether to buy for capital appreciation or rental income.
Part 2, The Investment Potential of Individual Countries, covers in detail the 25 countries in Europe, Asia, Australia, Africa, the Middle East and the Americas that have the greatest potential, describing their current situation and likely future prospects. The potential gains to be had are enormous: for example, in one year alone:

Prices for luxury apartments in central Shanghai increased by 40%.The average property price increase in Bulgaria was 47%.In Dubai the value of off-plan apartments rose by up to 60% between completion and sale.
In addition to covering the exotic end of the international property market the book also reviews more conventional destinations to show property investors the countries where the general housing market is already fully valued but where newly discovered regions may still offer potential for capital gain.

About this title

About the Author:

Kate Godfrey studied for a Masters of International Law in Oxford, specialising in real estate law. She joined Property Frontiers, specialists in international real estate investments, as Head of Research and continues to publish on the subject of international property law in numerous industry publications. She now lives in Dubai.

David Cox is a founding director of Property Frontiers. His interest in international real estate markets began whilst studying Emerging Market Economics at both Bristol and Singapore Universities. He regularly writes for a range of international real estate magazines and is a regular speaker at real estate conferences. He lives in Oxford, England, with his family.

Ray Withers is a founding director of Property Frontiers. Ray has spent most of his career working with real estate developers in the Middle and Far Eastern markets, particularly focusing on developing investment vehicles to appeal to international investors. He lives in Oxford, England.

Excerpt. © Reprinted by permission. All rights reserved.:

[From Mexico]

The most successful tourist destinations in Mexico are Cancun and Acapulco. In Cancun, investors, developers, operators and professionals from all over the world have transformed a 429-person fishing village into one of the most attractive destinations in the world in only 30 years. This is not a place to go for solitude, however it plays host to three million visitors a year and has ranks of towering hotels. A two-bedroom apartment in the hotel area of Cancun, close to the golf course, can be bought for £48,000 ($81,000), while beachside apartments usually cost substantially more. Acapulco is the most famous beach resort in the country, with a pulsating nightlife and buzzing social scene. On its doorstep is jungle, the Sierra Madre mountains and gorgeous beaches. Condos on the beach start at £100,000 ($170,000) and go up to five bedroom villas with a pool for around £530,000 ($900,000).
Around Baya de Banderas, Mexico’s largest natural bay, is an area of great contrast. The bay is home to Puerto Vallarta, another fishing-village which has become a world-class resort exemplifying the palm-fringed, thick jungle and up-market resort towns of the Mexican Riviera. The town has grown into one of Mexico’s slickest and most-loved destinations with 250,000 residents and more than 1.5 million visitors per year. Despite this popularity and development, the town still has cobbled streets and relaxed, white-walled architecture. Property in this area is considered a solid investment, with property prices rising faster than in Acapulco and Cancun. A three-bed, five bath two-storey house here can be bought for around £150,000, while luxury, beach-side villas can be found for upwards of one million US dollars.

About this edition

• Publisher: UNKNO
• Publication date: 2006
• ISBN 10: 1854583565
• ISBN 13: 9781854583567
• Binding: Paperback
• Edition number: 1
• Number of pages: 317