Hot Global Property

[deemo]

i don't think dubai is a good investment because their is too much competition and i think that supply is outstripping demand.

england is ok but you need a lot of money to get started average house price in london in around £250,000.

if your looking to a take a risk try morroco. low cost europe airlines are going to start flying their this summer, close to spain, nice weather and cheap properties. it could work but you would have to so your own research

[JaytheCreative]

Hmm, I'm a big fan of South America and Mexico despite some political issues. Let's see how Brazil is doing politically over the next 5 years.

I always wanted to purchase property in Brazil, such as Sao Paulo and the Rio De Janeiro. Market to upper class and wealthy customers looking for tropical properties. My idea has always been to purchase acreage beach-front and otherwise, and market 50% to upperclass to wealthy foreign prospects (American, African, Asian, European, Australian, other)...and 50% to Brazialian locals.

Seems many homes in Sao Paulo are selling like upper middleclass homes in the American Midwest from prices between $150 to $500,000. Buy some homes available in specific areas....buy out a few neighbors and additional land property if possible....endure the costs of minimal to extensive renovation....and sell for at least 2x's the cost to e.g. American's who are in need of new vacation property. That is....one would have to research the socio-political environment and how accepting Brazil is of foreign RE investors.

[Mozzie]

I have to agree with YPAL

That does seem to be the case.

I believe any foreign market is risky and not really for the faint hearted.
You really have to be in a position that you don't need to earn from your investment - don't rely on the rental income funding the purchase.

If Aus was the hottest property market right now and I was living here in the uk I would not want the risk of investing there. It is simply too far away for you to handle it realistically.

It's much easier once you have capital - you don't mind playing the field a little then - but it is just as precarious as stocks and shares.

[soccer-boy]

Bulgaria was hot because people believed it was joining the EU. But it seems the country is being run by the mafia and it wont gain entry.

If you buy off plan and make a quick tunr around there will be 15% profit in it for you. But its risky.

What about Thailand? I know they are still suffering after the Tsunami, but it is a beautiful place and the tourists will return.