Definitely Montenegro, since 2006 - 2007 the prices are abnormally big for this small but beautiful country, for example 1 m2 in Montenegro is more then Palma De Majorca, (I know because I work there too).
Why? Because first buyers from Russia and Ireland mostly is the ones who rises the prices (not the local people as you might think), because they knowed that Montenegro will be the most waned real estate market in next few years. You don`t need the better proof from this: if somebody (and this year was lots of them) is willing to pay 5000 euros per 1m2 of the coastal residence in this small country, then definitely something is telling me that this will be the real, real estate BOOM now when the prices are going down because everyone is starting to build and therefore is much more villas, houses and apartments now available to middle class buyers !!!

Interesting to see so many Brits here who seem to only consider buying to rent out to UK tourists.

I would rather let to the indigenous populations, then income is more stable and one needn't worry about the length of the holiday seasons.

"Despite the recent opening of real estate development to Foreign Direct Investment (FDI), foreigners still have difficulty buying land and properties in India. Generally, they need the approval of the Reserve Bank of India (RBI).

The property must be used for residential purposes only. If they do earn rental income from property, the proceeds cannot be repatriated to their home country."

-Global Property Guide

It is true you can send as much money into India but try getting it out.
Also I think there is a 6 month rule where you have to stay in India then leave the country and return to be able to buy.

04 Dec 2007

SINGAPORE (Thomson Financial) - The Singapore property sector has attracted 8.8 billion Singapore dollars in foreign investments so far this year, said Grace Fu, Minister of State for National Development.

'This represents an increase of 66 percent over the 2006 full-year volume of about 5.3 billion dollars. This dramatic increase reflects the optimistic economic outlook and development potential in Singapore,' Fu said at the signing of the 1.7 billion Singapore dollar South Beach development project between the government and a consortium led by property developer City Developments (other-otc: CDEVY.PK - news - people ).

Foreign investments in Singapore's property sector have grown significantly from 800 million dollars in 2004 to 4.1 billion dollars the following year and to 5.3 billion dollars in 2006.

Singapore ranks second only to Shanghai in having the best real estate investment prospects in Asia-Pacific next year, based on the latest assessment of the Urban Land Institute and consultancy firm Pricewaterhouse Coopers, she said.

City Developments has partnered with Dubai group Istithmar and US-based Elad Group to develop South Beach, which covers 3.5 hectares of land zoned for commercial use.

The project was awarded to the consortium on September 10 and will include office, hotel and retail development.

'This South Beach project marks the first participation of Istithmar and Elad, two major international investors, in a government land tender in Singapore,' said Fu. 'We look forward to seeing a development that will become a new landmark in Singapore.'

Libya - dont laugh - i will be promoting properties here in the new year.

I have just posted Knight Frank's Global House Prices for 3rd Quarter of 2007 on Square Foot magazine website which I hope Members might find helpful when weighing up foreign hotspots of 2008.
My money is on Istria.
Regards
Michele Andrew

t kind of prices we going to be looking at?
Hi is Libya safe to invest in now? wha

Hi what kind of prices we going to be looking at?
is Libya safe to invest in now?

I have been investing in the Dominican Republic for about 7 years with great success. I anticipate that it will keep on with the upward spiral for the next few years at least. This is the hottest spot and the most popular tourist destination in the Caribbean overtaking Puerto Rico last year and vacation homes are a big industry here.

Escott