Investor-friendly Real Estate Agents: International
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Article:
Top 5 Emerging Real Estate Markets for 2006
by Rhiannon Williamson
Successful real estate investors are well aware that one of the
fundamental keys to building a successful property portfolio is
the careful timing of market entry; therefore investors always seek
to buy ahead of an emerging trend and often take a national or international
perspective when looking for the next big thing in terms of real
estate.
In 2006 there are five countries that stand head and shoulders above
all other nations worldwide in terms of the potential their real
estate markets present property investors.
This article
offers you an overview of each country so that you can choose where
to make your next real estate purchase.
Costa Rica –
The CIA World FactBook has recently begun listing Costa Rica as
“a Central American success story” because the Costa
Rican government have successfully established an economically and
politically stable country in which more overseas investors are
focusing their financial interests.
The retiree
and second home markets in Costa Rica are growing as is tourism
interest and the country offers visitors and expatriates a stunning
climate, an abundance of rare and beautiful flora and fauna, it
is bordered by both the Caribbean Sea and the Pacific Ocean and
the standard of living is both high and affordable.
The real estate
sector in Costa Rica offers investors an affordable platform and
the Costa Rican government offer investors certain tax breaks and
incentives to commit to the country.
Ghana –
Located in West Africa Ghana is a stunningly beautiful country with
palm fringed, white sandy beaches and an incredibly forward thinking
and progressive government.
The government
of Ghana are committed to improving the economic conditions in Ghana
and are targeting foreign direct investment and making significant
constitutional changes to allow for freer flowing investment which
will in turn attract greater overseas economic interest.
The country
has a growing tourism sector which requires accommodation units
to let out to visitors offering a real estate investor an immediate
opportunity for rental yield. And the long term economic prospects
for Ghana are positive which should give a property purchaser long
term capital growth prospects from any investment made.
Malaysia –
Economically speaking Malaysia is built on very solid foundations
and is benefiting from closer export ties to China, low inflation,
a small external debt and good foreign exchange reserves.
The country
also has a growing tourism sector and a vibrant city based young
executive market - either of which a property investor could target
for rental income. Real estate in Malaysia is affordable and economic
indicators suggest that property prices will continue to rise steadily
over the medium to long term giving an investor the chance to reap
capital growth from any investment made as well.
Qatar –
Forget Dubai for she’s a blown rose! The next big Middle Eastern
real estate marketplace is Qatar where constitutional changes have
been effected to allow for foreign freehold ownership of property
in certain key geographic areas and where overseas investment is
flooding in.
The Qatari government
are actively targeting foreign investment into all business sectors
and establishing an oil-independent economy that should be forever
sustainable. The property sector is entirely secondary to the government’s
focus, therefore an investor can rest assured that demand for real
estate in Qatar will remain strong as the majority of buyers are
purchasing for long term accommodation not purely for investment
gain.
Turkey –
In 2005 Turkey finally began the process for EU accession and immediately
received substantial investment commitment from Dubai. The real
estate market is already doing very well in Turkey especially in
Istanbul and along the Turkish Rivera, but this investment boost
will help to raise infrastructure standards in Turkey and has also
already boosted worldwide interest in this vast and impressive country.
Real estate
investors buying today will benefit from a growing tourism market,
increased foreign direct investment as Turkey moves towards EU membership
and also a property market that is currently under priced and that
has massive room for price expansion.
Hopefully these
hot tips will give you some food for thought and assist you with
your next real estate property portfolio purchase.
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Rhiannon Williamson
is a freelance writer whose articles about property investing and
emerging real estate markets have appeared in publications around
the world. She is currently working on a brand new property investment
resource, http://www.amberlamb.com
.
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