[Landwatch.com]

Dubai being too hot I would prefer Spain. Nevertheless, some of the best residential places to live in Dubai, UAE are Abu Hail, Al Awir Al Shindagha and Al Wasl. However, there is nothing like Spain in beauty and the prices of its many coastal residential homes.

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Angola and Brazil!

[dahblah]

Originally Posted by jmenq2

After nearly three decades of civil war that ended in 2002, Angola has one of the world's fastest-growing economies. Thanks to increased oil production, its estimated 24% growth rate this year is nearly double China's.





The discovery of a large offshore oil field could turn Brazil into a major exporter, just like Saudi Arabia and Venezuela.

Angola, you cant be serious? investing in a war-torn African country is the most brilliant idea i have ever heard of! are you basing you argument off this two facts listed? seriously, the continent with the highest aids rate per capita and the most notorious corrupt political system in the world. but one thing Africa does have is resources, and lots of them. and everyone knows it, but don't think for a second legitimate business practices are being undertaken here. a high risk- yes, worthy of investing- no, stable- not at all. i have many associates that have done business for years in Nigeria, sierra Leone, etc.., and they all say that is it very provocative, but not worth the risk



Brazil is a very good bet right now, i have many a dollar invested into Brazilian utilities and technology, but the downside is that inflation is on the rise there. the Brazilian market is very volatile and much of what happens there depends on the economy of America. but Brazil is kind of a dark horse, being overshadowed by India and china. for the long run, brazil is the place to invest

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For PROPERTY investment, I'm quite serious. Think about what drives property markets, combine that with the above-listed factors, and there's your answer.

Originally Posted by dahblah

Angola, you cant be serious? investing in a war-torn African country is the most brilliant idea i have ever heard of! are you basing you argument off this two facts listed? seriously, the continent with the highest aids rate per capita and the most notorious corrupt political system in the world. but one thing Africa does have is resources, and lots of them. and everyone knows it, but don't think for a second legitimate business practices are being undertaken here. a high risk- yes, worthy of investing- no, stable- not at all. i have many associates that have done business for years in Nigeria, sierra Leone, etc.., and they all say that is it very provocative, but not worth the risk



Brazil is a very good bet right now, i have many a dollar invested into Brazilian utilities and technology, but the downside is that inflation is on the rise there. the Brazilian market is very volatile and much of what happens there depends on the economy of America. but Brazil is kind of a dark horse, being overshadowed by India and china. for the long run, brazil is the place to invest

[dahblah]

Originally Posted by jmenq2

For PROPERTY investment, I'm quite serious. Think about what drives property markets, combine that with the above-listed factors, and there's your answer.

how? i just don't understand your reasoning. please enlighten me on why any smart, business- minded, American individual would want to purchase Angolan property right now. its too risky. Especially, with the situation going on in South Africa, and if Angola mirrors S.A., it will be one big sh*t storm after another.

[dahblah]

Originally Posted by jmenq2

So you are advising to invest in property in a nation based on that nation's poor economy?

I'm not arguing that Argentina is a bad bet. I'm arguing that I would not base my decision on where currency is devaluing relative to my own.

Im just saying that the dollar stretches farther there, hence more for your money. Although Argentina, has had problems in the past, they are on an upswing. I think Latin America is a very good investment, for anything, business, property, etc...

[pbeale24]

I say you will be investing as much in the stability of the government as in the property of itself. That is why I disagree with Angola. You won't see much foreign property investment in places with an unstable government that is why you don't see people piling on in Romania or Argentina. Especially Romania, they are the next big boom but foreign investors aren't biting that hard yet because of the corruption in their government. They have more to offer than Bulgaria but because of Bulgaria's more stable government, and the property right protection that offers investors, it is the more popular property investment choice right now. Romania is booming from the inside and the streets still blow, the public transpo is still rickety as could be, and the layout of new development is pretty inefficient but this will actually help in the long run, because that will all have to be improved. They have seen all the success of the emerging markets prior to them that have entered the EU, so they are developing from the inside. Investors in Romania are piling in building malls and housing developments in the expectation that the EU will come in and repair the infrastructure.

I would say anywhere in Eastern Europe is a good bet right now, but you might have to wait a while for a return and you have to invest smart. I wouldn't buy apartments which a lot of people do because they are fairly cheap. But thousands have already had that idea and driven the prices up higher than they should be already. I would either buy houses and villas in the city or start to in housing developments as they move away from the city. My family did this in Dublin, one of the finest emerging property markets the world has seen. My Uncle once took the main road heading from Dublin down the coast, stopped at the last property development and bought a row house there for $225k (euro actually). 2 years later some guy drove down that same road and my Uncle's house was no longer at the end it was in the middle because so many more developments had gone in since. The guy knocked on my Uncle's door and offered him $425k (euro actually) and he refused. Now the place is worth $725k and he just died so I think my cousins are secretly thrilled. Now Irelands time has come and gone, but the rest of Europe's emerging markets will see the same growth especially with the EU behind them. Bulgaria, Romania, Slovakia, Moldova, Armenia, will follow in the footsteps of Hungary, Ireland, Czech Republic and so on.

Brazil is a good bet for the reasons mentioned by Jemnq2, that guy always knows what he is talking about even though I disagree with him on Angola. I know a Brazillian couple who were working in London as a waiter and waitress. They were taking all of their money and buying small houses on the coast of Brazil and fixing them up a little. They never invested more than $5k in each place. Then they would promote them heavily on the internet and sell them for between $30k & $60k dollars. People thought they were getting a good deal. They were funny because they wouldn't reinvest a penny, they kept taking the money they would earn as a waiter and waitress and buy new properties and save every penny of the profit they made. They said it was so they wouldn't have to work again and they weren't going to touch it. I tried to explain to them if they use that money to buy invest in the same operation they could stop working right now but that wasn't the way they operate. They are probably still in that hotel in London with $3 mil in the bank.

Argentina, forget it, for the reasons stated above.

I am sticking with Europe. I believe they are the most steady and sophisticated of the growing markets.

[pbeale24]

P.S. Bulgaria and Romania have not adopted the Euro and you cannot use the Euro in either country yet. It will be a long time before they adopt the Euro. The United Kingdom and Denmark are part of the EU and still have not adopted the currency.

[faint]

Originally Posted by pbeale24

P.S. Bulgaria and Romania have not adopted the Euro and you cannot use the Euro in either country yet. It will be a long time before they adopt the Euro. The United Kingdom and Denmark are part of the EU and still have not adopted the currency.

Actually they are both part of the European Union and IDK about Romania but you can use Euro in Bulgaria. Although it is not an official note yet a lot of prices are agreed in EURO. It shouldnt be a problem.

[pbeale24]

There are exceptions in both contries, and you can use the Euro in some places, you can even use dollars in some places, but it is never to your advantage. Bulgaria won't convert to the Euro until 2009. Currently they are arguing over the pronunciation of "euro."

If you invested anywhere a few years ago where you can sell your property for Euro then you are a winner. A lot of Brits are investing in US property right now looking forward to the upswing in our economy.