Which country should I buy in?

[madhu3690]

Hi,

Well as about Bangalore (India) really offers good ROI. The real estate market has jumped high as 250% in the past 2 years. As well its Government has expanded its urban area by 2 folds from 220 sq kms to 650 sq kms last year which makes it the biggest city in the country. All the developments of these areas are nearing completion. As well the country's economy is growing @ 9% fro the past tow years. This city might be the best option as of now.

 

[fams]

Dubai

I can see why you dont really like Dubai , but it doesnt make a lot of sense to invest in something that only you like. If you want to catch fish , you use worms, not Big Macs because YOU personally dont like worms and prefer Big Macs! Dubai is where the world's money is pouring in and it would be wise to park your investment there. As for prices already being high, newer constructions offer very good rates. THe prices go up only after the launch -if you manage a prelaunch booking, your profit is already made.

 

[Escott]

I can see why you dont really like Dubai , but it doesnt make a lot of sense to invest in something that only you like. If you want to catch fish , you use worms, not Big Macs because YOU personally dont like worms and prefer Big Macs! Dubai is where the world's money is pouring in and it would be wise to park your investment there. As for prices already being high, newer constructions offer very good rates. THe prices go up only after the launch -if you manage a prelaunch booking, your profit is already made.

I only buy where I like and I think stable. No offense but I will pass on profits in an islamic country at the moment. Never know when you can get on Osamas short list. Give me a place free of extremists of any sort for me to chose from.

IPO's use to be the flavor of the stock market until they weren't. Things change and until you can reliably predict the future I would stop reading your chrystal balls

 

[AnotherPropertyGuy]

Dubai does not add up to me

I can see why you dont really like Dubai , but it doesnt make a lot of sense to invest in something that only you like.

There are many investment opportunities to choose from. Having firm convictions which narrow down your options is a welcome relief.

I would not want to either live in or visit Dubai and I don't know why anybody else would. Living in extremely hot conditions, in a place almost devoid of history, built with a strong capitalist vision, made possible only with oil money. Not only does this seem like the last place I would want to live in, it seems like an investment into unchartered territory. A brave new world of skyscrapers, palatial shopping malls, man-made islands, indoor ski-slopes. It's a vision of fantasy reliant on massive consumption of fossil fuels to cool buildings down and provide fresh water.

Dubai just doesn't add up to me. Good luck to you if choose to invest there and beware of the people on this forum that are talking it up. There are people with vested interests trying to make Dubai seem like a once in a lifetime opportunity. Don't get swayed: be alert, do your own research and come to your own conclusions.

 

[Escott]

There are many investment opportunities to choose from. Having firm convictions which narrow down your options is a welcome relief.


Good luck to you if choose to invest there and beware of the people on this forum that are talking it up. There are people with vested interests trying to make Dubai seem like a once in a lifetime opportunity. Don't get swayed: be alert, do your own research and come to your own conclusions.

Amen! Likewise every other investment presented here or anywhere else.

I have been reading about Eygpt here also and lots of people pumping it. Another place I would not consider but attracts lots of discussion. Lots of people with Vested interests.

I find it hard to believe people are even investing in places they haven't visited. Perhaps way too much money floating around?

 

[neustria]

Greetings all:
I know that this is a real estate forum but it is also an investment forum, isn't it?

So... I think that there might actually be some opportunity in the equity markets with the recent falls. You might look in that direction also. Many seem to be predicting a slowdown but not a recession and should a recession come anyway, the markets usually anticipate its end well before the consumer feels that anything has gotten better.

If the major makets finish the year even unchanged then you will still be congratulating yourself at having stepped in now... Sure it's risky but isn't all investment? Also, the lower the price, the less the risk. This goes for stocks as well as for real estate. Just an idea among many others....

Neustria

 

[Olly]

Dubai

Hey FAMS...

To quote an old saying...'it ain't neccesarily so'...Dubai. "if you manage a pre-launch booking, your profit is already made."

Nice theory but with SO much new-build on the market and, a glut, under construction, experience of other so-called 'hot markets' indicates it'll be very difficult to realise the anticipated or paper profit.

This is a common mistake by the bulk of buyers listening to 'agent marketeers' rather than seeking the advice of trained & qualified advisers such as Independent Financial Advisers, RICS Members or Licensed Realtors with International qualifications.

Most of these 'internet gurus' are punting 30 or more countries and multiple locations without conducting proper due diligence. If they were to, they'd be well aware of the near-term future for Dubai real estate. The major winners will all be the developers. Why do you think Donald Trump is pumping so much into the UAE?

People should balance their desire to own property with looking beyond the purchase & rental income to ensuring a strong exit strategy. This way, there's a greater chance for making that elusive profit.

Wishing everyone success with whatever form of investment they employ...

Olly

I can see why you dont really like Dubai , but it doesnt make a lot of sense to invest in something that only you like. If you want to catch fish , you use worms, not Big Macs because YOU personally dont like worms and prefer Big Macs! Dubai is where the world's money is pouring in and it would be wise to park your investment there. As for prices already being high, newer constructions offer very good rates. THe prices go up only after the launch -if you manage a prelaunch booking, your profit is already made.

 

[dually]

If you buy in Euros or a tracking currency, the US may be the best currency hedge and growth opportunity around. Unless you know the dollar will continue to drop.

 

[fams]

Dubai

Olly,
No personal offence here .
I dont know about speculation -I am only speaking what I am currently witnessing among my relatives. A whole bunch of them including family members have made a small....make that LARGE ...fortune in real estate in Dubai.WHile we are sitting and arguing the best place to buy,they are already laughing their way to the bank . I am no real estate genius -I am only telling you what I saw there and hope I can be personally responsible for making more people achieve the same.

 

[Rammah]

Olly,
No personal offence here .
I dont know about speculation -I am only speaking what I am currently witnessing among my relatives. A whole bunch of them including family members have made a small....make that LARGE ...fortune in real estate in Dubai.WHile we are sitting and arguing the best place to buy,they are already laughing their way to the bank . I am no real estate genius -I am only telling you what I saw there and hope I can be personally responsible for making more people achieve the same.

Yup!!! Bearing in mind, i knew so many pple who shared the same pessimistic view, but decided to "skeptically" trust my advise and put a little bit down in dubai due to their curiosity and/or their belief in my expertize ... and guess what, they are now coming back with "fortunes" to put in Dubai, and regretting every bit of delay they had while preaching... Anyway, this will always be the case, and no matter where you go ... as long as pple are happy and convinced with their views, it's a blessing...

Rammah

 

[oregon woodsmoke]

I actually think this is a very good time to look at the United States. Prices are down (buy low, sell high),interest rates on mortgages are very attractive. The exchange rate is very much in favor of foreign investors.

In areas where prices have dropped, sellers can get disheartened and accept low offers, taking large chunks off of the asking price.

A huge plus is that there is political stability and very clear property ownership rights. Your investment isn't going to get nationalized, and is very unlikely to get blown up.

The economy of the entire world is looking a little insecure right now, and worst case scenario, if there really is a world-wide economic meltdown (I hope not),real estate in the Unted States is a good place to ride it out.

 

[Damian George]

Oregon,

I agree - if US rates keep falling and hit 2% as expected it could end up being a bargin.

I like the idea of buying around Disney Land - but at a bargin basement price!

 

[Aegean]

Look at Istanbul Turkey - some off plan developments have made 100% over 12 months. You can even get a 70% LTV Euro mortgage there on completed projects.

 

[neustria]

Re. investing in US real estate

It is on everybody's mind but should nevertheless be said, a grossly undervalued US dollar could make US based investments doubly profitable for non US investors when the currency and real estate begin to appreciate in tandem.

This said, recent news concerning record commodity prices is leading many to believe that the US Federal reserve will not be able to keep cutting interest rates aggressively.

So US property might still be far from a bottom...

Neustria

 

[Aegean]

I'm interested in your suggestion of North Cyprus.

By North, you mean the Turkish side, right?

Do many tourists go there and is there much demand from local people? What rental yield do you achieve on your properties there?

Yes the North is the Turkish side - Tourist numbers are not that great in the main mainland Turks. However, rental market in Girne (Kyrenia) are good due to university students and casino workers.

North Cyprus has 7 universities and good knows how many casinos. But they both bring in about 80-90,000 people in a Country of about 200,000.

A 3 bedroom 120m2 apartment can be had for between £60 - 70,000 and rental is between £300 -£350 per month.

There is an issue regarding land title but you will be issued one. Most property is built on former Greek Cypriot land but is viewed as safe as the Turkish government have said they will pay any claims and there is now a Property Commission that is being used by the Greek Cypriots - Current owners not involved in process and pay nothing to the Greeks.

if you want any information I can put you in contact with somebody there as i was an agent there for 5 years. Moved to Turkey now which is also a great place to invest especially Istanbul and some developments near to the PGA golf courses under construction.

 

[djani]

Montenegro

Why dont you try to find out more about Montenegrian coast.
Flats and land prices increased more than 100percent in last 12mths.
I have purchased a 500m2 lot of land (in august 2007) and price I paid was 20 000 euros. Now the same one costs 50 000 euros.
I have a local knowledge so I contacted the seller directly but the local agencies are taking appr.3 percent of agreed price.
Nobody can say exactly how long prices are going to increase but in my opinion the biggest boom is still to come.
Big difference in prices for flats houses and land are dependig of position (how far from the sea, seavew and lot of other things) but if you are luckie you can find what you want.
The best money making there, is to buy some land, build the big house or as many small appartements you can and sell it than.Some people made a milions like that.
EXAMPLE- price of land 500 m2--------------- 50 000 euros
taxes and building licence ---------- 20 000
800m2 cost of building(2 levels)----- 560 000
Total appr.------------------------- 630 000
This house or whatever you make is easily sold for 1 500 000 euros.
That makes your proffit of ...well calculate it your self.

Even if you decide just to buy a flat or house I am sure you will be amazed with wonderful nature and sea.
There are many Russians and British buying the property now, so go to some websites about Montenegrian coast and think about it.
Regards from Djani.

 

[djani]

How is the market doing last month. I think june could bring another increase of prices.Do you agree?

Rgrds, Djani

 

[mickthepropertyguru]

Look at Istanbul Turkey - some off plan developments have made 100% over 12 months. You can even get a 70% LTV Euro mortgage there on completed projects.

Istanbul is surging ahead. The only reason i would be nervous in investing there is that i think it is due for a huge earthquake, at least i think its Istanbul. It may not happen for 100s of years but mabey it is something to consider?

 

[Aegean]

Istanbul is surging ahead. The only reason i would be nervous in investing there is that i think it is due for a huge earthquake, at least i think its Istanbul. It may not happen for 100s of years but mabey it is something to consider?

The new build are fully earthquake protected - if anythink built to much concrete and steel.

Turkish Government after the big Earthquake in Izmit which killed 1,000's have sorted out the sharks developers.

 

[mickthepropertyguru]

The new build are fully earthquake protected - if anythink built to much concrete and steel.

Turkish Government after the big Earthquake in Izmit which killed 1,000's have sorted out the sharks developers.

I always thought that that was on of the problems to little or too much concrete and steel. Japan is really leading the way int this venture.

The current prediction is that a major earthquake will happen in Istanbul, knock 50,000 buildings and kill thousands with a magnitude between 6.5 and 7.5 in the next 30 years....very grim message but thats what is predicted.
Some of the beautiful historic old buildings and national treasures have undergone huge work in the foundations to pertect them but the city is at risk. And the government is still at the preliminary stages of action.

Also "About 12 percent of the city's buildings are "commercial mixed," meaning the ground floor is commercial and the upper floors are residential.

"These types of buildings are especially vulnerable to collapse because they have few walls on the ground floor to resist earthquakes," sciencedaily.com