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Investment Property Watch - January 2009
Wednesday, February 11, 2009
Thailand surprised everyone by nabbing the top spot on
TheMoveChannel.com's
December's Investment Property watch chart, but it couldn't hold onto the gold
in January - Egypt
elbowed its way past to take first place on the list, which charts the level of interest in certain properties and
countries from visitors to the site...
Egypt reigns supreme
Egypt is fast becoming the latest investment hotspot for property buyers who are looking for an exciting investment which gives impressive rental yields, high capital growth and low property prices.
Following recent reforms, the property purchasing process in Egypt is now far more straightforward and transparent than it once was and the economy has performed strongly over the last few years.
Cultural reasons to consider Egypt include miles of sandy white beaches, reliable climate, excellent diving and water sports and a real sense of history.
Access to the country from Europe is also very easy and cheap, enticing millions of tourists each year and holiday home buyers and investors will love the low cost of living that Egypt still offers in comparison to other equivalent countries.
Thailand still looking good
December's winner still fared well in January, taking second place. The country's incredibly beautiful coastal regions - including the best known Phuket and Ko Samui, have long been luring second home buyers in with stunning surroundings and relatively low prices.
From hippie trail hangout to luxury international property market in a decade, Thailand has fast become Asia's top tourist destination.
The popularity remains despite the country being dealt a few savage blows - such as the 2004 tsunami and recent political upheaval, both of which threatened to dent the tourist sector which the country relies so heavily on.
Offering a world class tourist industry at affordable prices, Thailand is a magnet for holidaymakers and property investors alike and is also the largest growth market in Asia and one of Asia's economic leaders.
Dan Johnson, Director of TheMoveChannel.com said, "Price is the common factor across all the top deals from the last month, with all three of the most popular projects coming in at under £30,000.
"It's also interesting that these are cash deals - with finance increasingly hard to come by, smart investors are buying in projects where there are no mortgages available and where the viability of the project is not going to be affected by the withdrawal of any finance facility," he added.
A taste of Turkey
Turkey climbed one place to take third in January's investment property watch chart. Thanks to the Turkish Government's efforts and expenditure in the tourism sector, the country has been experiencing an unprecedented level of international exposure of late.
Property prices are shooting up, especially for beach properties and the rental potential looks strong thanks to the ever increasing numbers of tourists.
The area around Dalaman is particularly popular with international investors as the infrastructure has been improved in order to make this area one of Turkey's top tourist attractions.
The Dalaman airport expansion, easy access from Europe, excellent climate and tried and tested holiday nature of Turkey all combine to make it a popular investment spot with a lot of potential.
The low cost of living, long summers and relaxed lifestyle also make Turkey a favourite retirement spot for Europeans.
Affordable paradise - the Dominican Republic
A particular favourite with American tourists and investors thanks to its easy access from many American cities, the Dominican Republic has long been a popular honeymoon and holiday spot.
The largest of the Caribbean islands, the Dominican Republic offers lower property prices than many of the other islands and a lower cost of living.
Under the 2008 to 2012 Tourism Plan, five million annual visitors are targeted for 2012, meaning renewed demand for tourist accommodation.
Foreign investment in this bounty bar-esque island has been on the up of late, increasing from £816.6 million in 2005 to well over £1.3 billion last year.
Numerous well known brands have flocked to the island including hotel giants Four Seasons and Ritz Carlton and there is also major construction underway to produce luxury beachside resort complexes.
Other movers and shakers
Sri Lanka appeared in the top ten at number five, followed by the ever popular United Arab Emirates - in a far lower place than usual, at number six, suggesting the spate of bad publicity Dubai has endured of late has had a knock on effect with investor interest.
The USA took seventh place whilst Brazil trailed in late, grabbing eighth and ninth places.
Table showing January's top investment properties
|
|
Property |
Country |
Company |
|
1 |
Egypt |
Key Universal |
|
|
2 |
Thailand |
Park Lane Jomtien Resort |
|
|
3 |
Turkey |
Sky Blue Experiences |
|
|
4 |
Dom Republic |
Worldwide Investments |
|
|
5 |
Sri Lanka |
Exclusive Management Consultants |
|
|
6 |
UAE |
Nomorehotels Ltd |
|
|
7 |
USA |
Colossal Property Investments |
|
|
8 |
Brazil |
Dream Resorts |
|
|
9 |
Brazil |
New Frontiers |
|
|
10 |
Dom Republic |
Global A&M |
To keep track of TheMoveChannel.com's hottest property investments throughout the month, please visit the Investment Property Portal on our website.
Check out our new commercial properties for sale at our brand new commercial site Commerical.themovechannel.com.
Picture by tinou bao
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