Quote:
Originally Posted by theguvner
Everybody knows that most areas of the Mediterranean are finished, the numbers are dropping and there is no more money to be made.
I came to North Cyprus Last year and personally i feel this is going to be the next major hotspot in Europe, Property value is rising on average 25-30% per year with land value rising upto 50% and this has been the case for the past 3 years.
As North Cyprus is NOT in the EU yet prices are still low for example you can pic up a 3 apartment for around £40 to £50k and 4 bedroom villas with private pool for around £150,000 currently bringing in returns of between 7 to 11%, when you compare this to South Cyprus or Spain you would struggle to find a 3 bedroom apartment for £150k on the beach front.
I have just been looking for a small plot of land myself and a came up with 1 donum (aproxx 1300m2) touching the sea with a private beach and permission to build a hotel for £200k.
this will be the next european hotspot!!!
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Of course North of Cyprus, only if it will be managed the same way that transformed the South of Cyprus in such a wonderful country.
Besides NoC, the next big hits will be Albania, Ukraine and of course Moldova.
Even though the best investment in Moldova are the agricultural land (not available to foreign investors right now), you can easily find now objects that yield 1% a month.
The average growth of landplots is about 30-35% a year.
The next year is going to be even higher, because specially european investors have spotted the "virgin" market.
Another good investment in Chisinau (most of the deals are made here) is the off-plan appartments investment.
You can easily earn 80-100% in 18-24 months.
Take care!