How many of you have either bought or are seriously considering any of these markets?

  1. 01. Romania *** Winner ***

    2 vote(s)
  2. 02. Poland

    3 vote(s)
  3. 03. Portugal

    9 vote(s)
  4. 04. Baltic States

    2 vote(s)
  5. 05. Sweden

    1 vote(s)
  6. 06. Belgium

    1 vote(s)
  7. 07. Slovakia

    0 vote(s)
  8. 08. Slovenia

    2 vote(s)
  9. 09. Finland

    0 vote(s)
  10. 10. Hungary

    0 vote(s)
  11. 11. Luxembourg

    0 vote(s)
  12. 12. Germany

    9 vote(s)
  13. 13. Czech Republic

    0 vote(s)
  14. 14. Ireland

    2 vote(s)
  15. 15. Austria

    0 vote(s)
  16. 16. Netherlands

    0 vote(s)
  17. 17. France

    2 vote(s)
  18. 18. Italy

    6 vote(s)
  19. 19. Spain

    8 vote(s)
  20. 20. Cyprus

    7 vote(s)
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A Place in The Sun's 20 Best Money Making Locations

Discussion in 'Buying Overseas Property' started by FlexiBox, Oct 12, 2006.

  1. FlexiBox

    FlexiBox New Member

    Hello All,
    Above is a poll of the short list from the TV program's 20 best places to make money in the next 10 years - in the EU. The top represents the number 1 money earner over the next 10 years - Romania and the Bottom is number 20 - Cyprus.

    How many of you have either bought or are seriously considering investing in any of these markets?

    Last edited: Oct 12, 2006
  2. TH4S

    TH4S New Member

    Where's Turkey:eek:
    Can understand its been a bad season but they not out of the game yet.;)
  3. Investy

    Investy Senior Member

    I did Germany, now Morocco.

    Would consider Montenegro, Slovenia, Baltic states.

    Bulgaria and Romania far too easy to get ripped off, poor state controls, difficult to rent (short hol seasons, mass over supply and have to submitt annual comany accounts!).

    Turkey - season too short, over supply, no mortgages, long flights relatively.
  4. TH4S

    TH4S New Member

    Turkey - season too short,:eek: WRONG 10 MONTHS İS NOT TO SHORT.

    over supply,:eek: WRONG. SUPPLY AND DEMAND.


    Thats direct from the finance companys exactly what they sent me.

    long flights relatively.:eek: 3 AND AND A HALF HOURS FROM LONDON..

    Easy jet already getting there foot in the door regarding cheap flights to turkey.
    Tesco B+Q are building supermarkets all over turkey.Guess the big boys put there money where there mouth is.

    İnvesty .
    please check your recent post's one actually said and i qoute .
    Last edited: Nov 8, 2006
  5. Investy

    Investy Senior Member

    Yes I did research Turkey. Travel agents tended to say it was really a summer destination as it gets too cold in winter. Even N Cyprus which is further South is cold in winter, my barber is from N Cyprus as is a client. They lived there until thier teens.

    The research I did backed - up a rental season of 4 - 5 months which is just to short for some investors.

    On the mortgages this is perhaps a new era, certainly when I was looking mortgages were impossible.

    Ive been to Bodrum and the flight was 4 1/2 hours. Perhaps other parts of Turkey are less?

    Im not saying Turkey cant be a good investment, it just didnt meet my strict criteria and nothing I saw had enough wow factor.

    Good luck with your endeavours
  6. TH4S

    TH4S New Member

    May be these foreign investors see turkey as a WOW factor.And it meet's with there strict criteria,

    Article Taken from turkish daily news,

    Thank you for your good luck wish's;)

    Im saying Turkey can be a good investment,So are the above Giant foreign investors ,
  7. Investy

    Investy Senior Member

    In terms of Turkskey or for that matter Bulgaria I would only entertain a City / Town property with year round rent.

    People I know get about 16 week occupancy in the coastal resorts, thats 36 weeks empty. There are maintenance and other year round costs still leaching away.
    Given investors own capital in the form of MEWd equity from thier UK property or cash withdrawn from savings has an interest cost every day, the books dont balance where rentals are relatively poor. In other words the all important 'total return' can be poor. I see examples of this all the time, yet the 'investor' thinks he's done well saying "I only paid £40000, now Ive sold for £80000, thats a £40000 profit'

    In truth after Tax and lost rentals + cost of providing own capital + ongoing costs the total retrun is halve this sum.

    All Im saying is do the math carefuly. Dont be like the CH4 'Place In The Sun' muppets who dont understand the concept of total return. Indeed some of them even give up work to develop thier project AND FORGET TO DEDUCT THE WAGES THEY WOULD HAVE EARNED HAD THEY REMAINED IN WORK FROM THE TOTAL SALE PRICE!!!!!!!!!!!!!!!
  8. Morocco Was overlooked

    Come on channel four ................!
  9. Rixxy

    Rixxy New Member

    I agree - where is Morocco - we have had a massive amount of leads with sales already proceeding since New Years day and we havent even started advertising yet! Morocco will be high up on the list.

    Spain also will be highly rated - as prices drop and distressed sellers increase, the smart investors are moving back in!
  10. wilkes1976

    wilkes1976 New Member

    No Turkey

    Turkey wasnt included because "A Place in the Sun" restricted the criteria to EU member countries only (which also explains why Morocco was not included). The results for this programme were based, at least in part, on a survey commissioned by PriceWaterhouse Coopers which funnily enough selected Istanbul as the number one destination for property investment in 2006 and 2007. Why "A Place in the Sun" selected member countries only - I dont know. A company called dqdx do a pretty good survey of the research for the region.
  11. Rixxy

    Rixxy New Member

    What you say does make sense, but then why wasnt Bulgaria in as they have only just joined the EU at the same time as Romania - or am I totally wrong??
  12. cnchampion

    cnchampion New Member

    Brazil Real Estate Boom.


    I think Brazil should now be included in the poll as well. It is still early stages but North East Brazil is at a start of a mayor property boom.

    Many entrepreneurs believe it will become one of the world's largest second home markets over the next few years. Hot spots in Brazil are Fortaleza-Ceara, Natal and Bahia.

    You can find reports and information at:
    Brazil Property Ventures
    or Empyrean Ventures - Brazil Real Estate Investments - Ceara Fortaleza Opportunities
  13. Paddy Chan

    Paddy Chan New Member

    Why Romania?

    I didn't actually watch the programme, but anyone has views on Romania? Although prices are booming now, what are the prospects for long term growth (and what would make it more special than the other Eastern European countries)? Also, I hear a lot about corruption. Does anyone have experiences to share?

  14. tica221

    tica221 New Member

    EU is still too expensive!

    There are soo many places in Latin America to buy that are just as beautiful than in the EU... I guess everyone has their own taste, but what about countries like Belize, Costa Rica, Argentina???? Gorgeous countries for a fraction of the cost!
  15. TH4S

    TH4S New Member

    Turkey as just had one of its hottest winters on record,
    Cant honestly say travel agents have any knowledge of the property market,

    PriceWaterhouse Coopers did indeed select Istanbul as the number one destination for property investment in 2006 and 2007.

    The overseas property market is opening up as never before.
    20 Best Places To Buy In The Sun, Amanda Lamb chose her 20 recommended property destinations.Number,3. Turkey,The country with something for everyone,
  16. dtratcliffe

    dtratcliffe New Member

    Investment list..

    It´s a nice bunch of countries, but where is Turkey, Morocco, Brazil & Bulgaria?

  17. TH4S

    TH4S New Member

    Please ask them again,:D :rolleyes:
  18. paul-steve

    paul-steve New Member

    I can understand Spain and Cyprus position but got to agree what's happened to Turkey surely it should be in the top 10 somewhere
  19. DC

    DC Member

    Reality check

    It would be good to know exactly how they judged this. Romania will have capital growth. But what about income? what about yields, the costs of borrowing is high etc. I think that this was not a particularly scientific analysis, it would be good to know how it came to be. Even from polling here, people are pretty low probability to buy there. I went to Western City (a rich city) in Timisoara and it was close to terrible. Who makes these programmes. Local people are not going to pay western investors incomes. So who is going to pay the income on rental property. Ok in the center great ski, but very high prices already! It does not make sense. It does not stack up! There is a saying in Romania. All sane romanians have at some point thought of leaving. Only the mad ones stay!! Hey in truth they are a nice lot, but by goodness the country neds a big make over. Changing Rooms have there work cut out for the next 50 years. Also EU money will flow, and in truth I prefer Romania to Bulgaria, but remember for last 30 years Italian and Germans have bought the land up , is no bargain place. Speak to any Romanian. They think is over priced.
  20. TH4S

    TH4S New Member

    Goldberg Global, that piece really made me laugh,:D

    You must have missed my last post,:rolleyes:

    Turkish property to make Top 5 in 2007,

    Posted on this forum 09-11-2006


    Need i say more,
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