Properties abroad £100,000+ cheaper
than UK
Wednesday 18th March 2009
If you have got the cash, investing in properties abroad could prove highly profitable according to Global Property Guide.
In sync with fellow property researchers Knight Frank and the Royal Institution of Chartered Surveyors, they have found that due to the property market – globally – experiencing a series of price falls, investing in property abroad is now 40% more affordable.
During 2008, Riga witnessed price drops of 37%, whereas in Lithuania properties fell in value by 27%.
When these figures are compared to the UK, who in the last year has seen property bargains at 82% of the property’s real value, the UK is fairing rather well.
Yet with these price changes has come the lucrative opportunity of being able to invest in properties well below their asking price whilst making instant profits.
Take the following locations. In each of them you can find investments that will offer you at least 20% of the properties value in earnings:
France: According to Latitudes estate agency, properties in France have fallen by 25% off their peak value in 2007
Spain: 20% lower across the board; in theCosta del Sol properties can be bought for 60% of their value
Italy: Investing in a decent-sized house in Tuscany is 20% cheaper than prices offered in 2008
Manhattan: Being able to experience a view of Central Park is now discounted by 30%
South Africa: 10-20% more affordable, a loft-style studio flat in the City can be bought for under £200,000
Dubai: Numerous properties available for purchase for as little as 75% of the properties real value
Click here to learn more about properties abroad
Why choose property investments abroad?
Even with the value of currently standing at 91.22p per Euro, investing in properties abroad can still be a worthy investment. Especially when you factor in the size of the earnings you can generate from these properties when you first buy.
The key thing to remember here is that property laws are different in other countries so if you are interested in expanding your property portfolio abroad it is best to research these locations thoroughly before you invest.
Research which at Property Mentor they can help you to prepare for via our Property Mentor Finance Team.
Interested in learning more about property investment and how locations can alter their investment success?
Why not come along to the 2 hour taster session to increase your chances of success.
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