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!!!

Deedee,

I think the hotspots (UK residential) will be
1 where current high yield properties (not HMO) exist. This will be terraced houses in good condition currently yielding over 7%. If and when the UK market flattens out, the race will be on for yield (cash flow) instead of perceived capital growth (psychologically negative growth).
2 where suburbian properties have been overpriced for some time (yields less than 4%). In a tight market, or a falling market, the sub-£500K properties will present some interesting BMV opportunities for those not stretched to 85% debt.

Overseas: Same thinking here.
1 Berlin. Severely underpriced apartments which can command long term stable tenancies
2 Spain. Distress sales approaching 50% BMV

All present interesting possibilities for a shift in portfolio strategy.

Hi all,

I totally agree with you also theguvner- As North cyprus is starting to boom and is beautiful and unspoilt!!
It is the prettiest side of the island with plenty of tourist attractions!!

Its cheap in comparison to others and is the last untapped med destination for investments and still has alot to offer!!

The only thing is just make sure you know your title deeds and any possible risks, seek independant legal advise, and be prepared to take a risk due to the future uncertainty!!

Take care-D

The answer is ALL OVER. The bottom line to me is always cash flow. As long as the yield is good, and the property is in good shape, then it's a good buy. Anyone who buy real estate property hoping for capital appreciation (hoping the housing price goes up) will be in for a rude awakening when the negative monthly cash flow force you into bankruptcy.

IMHO, real estate is a "local" investment. If you don't know the area and only read about the "boom" in the paper, chances are you'll lose money. The problems are many people don't share their bad experience. So the success often skewed the failure stories.

I am a Brit who has been living in Moscow for 2 years, and was fortunate enough to buy my property in the centre of Moscow just at the beginning of a surge in prices, which saw our place rocket over 200% in around 16 months. Prices since have stabalised. I would say that Russia unless you have a huge amount of money to invest is no longer even worth a look, especially Moscow.

eg. 40m2 apartment USD320,000 - justifying its reputation for being one of the most expensive places to buy now. And this isn'tto mention the state of the building and entrance you will find...definately not an elite building for such price..

I believe you are spot on deedee1 about Albania. Things in this country can only get better - and the coastline is magical!
Also more and more people are going to be looking for the REAL hotspots in Brazil, where the locals are buying, particularly down South.
Also Argentina property will attract some attention too.

No new Markets I am afraid for some time the so called credit crunch still has to be played out in full. I remain convinced that Land is the way forward and that we will need to study micro and regional economies to obtain the best deals, i am concerned for example by over supply in countries like Bulgaria

Thanks for this interesting thread. I think Vancouver BC (Canada) is still a hot market. It has been ranked as best place on earth to live and top of that Vancouver is going to host 2010 Winter Olympics, Property is still hot here now and will get more hot as Olympics get closer and closer.

Thanks
gobesthome member

i agree with canada, canada is only really in the early stages of its property boom , it began less than 3 yrs ago in real terms as far as i know , its economy is doing well and the olympics in vancouver are sure to help an already great and thriving city

i would say india is a good bet , booming economy in a relatively politically stable country
im hoping that dubai will stay good as i own an off plan apt over there which will be completed next yr at which point if not before i inted to flog , when america attacks iran , i can see the likes of dubai sufferring big time
i also own property in budapest which right now is a disaster , im sorry i ever bought it and will sell as soon as i can break even which could be difficult as you cannnot give away property in hungary right now

having said all that i believe property is not the great investment it was , personally i if i had money of my own to spend right now , id put it in commodities , specifically food

Moe What was the problen in Hungary? a couple of developers were in touch earlier this year and were providing government/local authority details of the redevelopment in Budapest, the strongest sales point was the potential strength of the domestic rental market.