With the credit-crunch and rising oil prices becoming a devastating tag-team on the global stock market and the performance of other investments, global real estate is becoming the most popular investment choice.
Billions of dollars are being put into the creation of more and more property investment funds around the world, and almost every country in the world is getting in on the action. The emergence of Africa onto the international property investment scene, and now even Iraq seeing its first luxury property development, is testament to the rising popularity and profitability of overseas property investment.
The time to buy is definitely now, no one can say for sure when the credit crunch will end, prices in the best emerging markets are rising well above inflation, and getting higher all the time, not to mention building regulations making off-plan purchases harder to come by in some of the older strong markets – off plan property providing the best value and biggest potential for profit.
well said.
Emerging markets like: China, India, Cyprus, Brazil etc. are still affordable and they are expected to increase in their value in next 5 to 10 years.
They also help diversify the risk, not all eggs in one basket (market!).
All the best