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Buying overseas property Thinking of buying an overseas property and need advice, help or suggestions? Talk to other experienced property investors who have already invested in many overseas property markets.

first time buyer - where to buy? - Page 2

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  #11  
Old 14-01-2008, 07:57 PM
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Just read, according to the National Association of Estate Agents (NAEA), the number of Britons interested in buying investment property overseas is still increasing, quoting an 8.2 per cent rise in overseas property transactions in the final quarter of 2007 compared with the equivalent time in 2006. They highlight Spain (the costas) and Florida in particular...
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  #12  
Old 17-01-2008, 09:17 AM
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Prague is a safe bet.

But have you thought of the US market, seeing that its taking a battering at the moment
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  #13  
Old 21-01-2008, 11:43 AM
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Default R. Ganesan, Chennai, India

Quote:
Originally Posted by Chantel View Post
Hi,

I am about to venture on my first overseas property however am getting overwhelmed at 'where'? I am hoping for a short term investment to built some equity. That or a long-term rental with somewhere that's likely to guarantee rental which will pay for the mortgage. Can anyone assist in pointing me in the right direction? The most I read the more confused I get

Places I have been reading about is Albania, Calabria, and Prague. Help greatly appreciated.

Chantel
Dear Chantel, I am interested in your news, i saw lot of replies that have come to your questions, I am from India, do you interested in investing in Indian soil, i can suggest some pleaces and if you are interested you ;can make a visit and assess with the help of the guide ascertain from the offices the facts satisfy yourself and then go for an investment. I can be a trusted helpful guide if you are interested please call me 91 44 42659340 with regards. R. GANESAN
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  #14  
Old 22-01-2008, 12:17 AM
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Dear Chantel,
interested in your news, i saw lot of replies that have come to your questions, may be you should take a look on red sea Hurghada or Sharm El Sheikh its safe, and return on investment is guranteed
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  #15  
Old 23-01-2008, 04:54 PM
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Hi

Anyone wanting a guide with absolutely no committment or sales pitch, I will willingly help you on your way. Please understand I am a Licensed Realtor & International Property Specialist trained and qualified to help. That said, I would select and introduce you to other 'qualified professionals' in each location for you to move forward at whatever pace you desire.

One thing I can promise is, you won't fall foul of the 'marketeers' who claim expert knowledge of 30 or more countries & locations and who operate on the internet from a spare room.

All my contacts are 'local' within the target countries and and provide both fiduciary & legal responsibility to their clients. Equally, I can show you how to save and make money from real property based upon real experience and training.

Olly
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  #16  
Old 23-01-2008, 05:33 PM
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Buy in Spain - Murcia and Andalucia - safe and mature markets

never invest money though you cant afford to lose!!! is a goldern rule.

Murcia would be the cheaper option of the 2. and polaris would be my first point of call as there is a good rental and resellers market.

also remember that property overseas is expensive as the ongoing costs can add up quickly. I am constantly topping up funds on my two places as the rent although supposed to doesnt quite cover the bills
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  #17  
Old 24-01-2008, 12:24 PM
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Damien, the rental yields on Polaris world tend to be very low.

I was looking at a 3 bed villa on the new sports complex (Alhama) and the lowest stirling price for an ongolf villa was £445,000 inc Taxes. The nearest beach is a good 20 minute drive.

For £170000 I got the same size ongolf villa but much more luxurious and contemprary (PW is all a bit M & S faux luxury), with three onsite 18* courses, 11 5* hotels (imagine the free marketing that will generate for the development), the Meds largest marina (70% built), 500 onsite luxury shops (compared to about 20 on PW), and its own 7km beach ONSITE.
The development is about 60km from Almeria accross the sea in Morocco - ebd users will not expect to pay less for an experience like Saidia will offer than they would PW, so the rent yield will be a lot more lucrative.

Not only that but the Moroccan Royal mega developments were designed with a core objective in mind since they began planning in 1999 (now that what I call thorough planning); The core objective is to make the mega developments YEAR ROUND. They aim to do this by providing something like 5 x more sports and leisure facilities onsite compared to anything in Portugal or Spain (imagine the cost of an on golf villa in Spain with 7km beach and biggest marina in the Med capable of taking the very largest private boats).

Some people have a reality tunnel hooked into the past, so they cant imagine Morocco as a funky cutting edge high class destination. The same people would have said this about Dubai 20 years ago.
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year
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  #18  
Old 24-01-2008, 12:29 PM
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Quote:
Originally Posted by Damian George View Post
. I am constantly topping up funds on my two places as the rent although supposed to doesnt quite cover the bills

Wow, I just re read this bit!

This is not an investment. An investment should yield a lot more than the costs of ownership. Even if you get captial growth, time you take off the Tax, the buying and selling costs, the cost of interest for any UK or Spannish borrowing that was required, the costs of lost interest on any cash you had to introduce, the sums surely make this a non investment.

This is a real revelation to me and the key reason I felt Spannish investment just does'nt add up now.
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  #19  
Old 24-01-2008, 12:36 PM
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agreed, but i have also had capital growth of roughly 10% per year to upset this. Equity release is the next option.

also Investy i was saying for a first investment Spain is a good choice, Morocco and Dubai look much better in the shorter term but present a lot more risk for a newbie.

Personally i like the idea of buying a bargin in a mature market not taking on loads of risk.

(Saying that it is very difficult to buy in spain as the exchange rate has fallen from 1.4800 to 1.3000 or in other words Spain is now 12% more expensive)
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  #20  
Old 31-01-2008, 06:31 PM
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Quote:
Originally Posted by Chantel View Post
Hi,

I am about to venture on my first overseas property however am getting overwhelmed at 'where'? I am hoping for a short term investment to built some equity. That or a long-term rental with somewhere that's likely to guarantee rental which will pay for the mortgage. Can anyone assist in pointing me in the right direction? The most I read the more confused I get

Places I have been reading about is Albania, Calabria, and Prague. Help greatly appreciated.

Chantel

Hi my name is Craig Mahoney a property consultant for an established international property professionals Barrasford and Bird Worldwide.

In reply to your question, I understand how confusing it can be when looking into an investment with so many things to take into consideration, we have properties in Albania, Calabria and have some fantastic properties in Greece. all with guaranteed rental incomes, no capital gains tax etc.

We can organise viewing trips and brochures at request, you can call or email me to talk about it further.

Regards
Craig Mahoney
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