Where is best to invest in 2012? |
We all want to know where is best to invest when buying residential property. In a world of economic uncertainty and fluctuating property prices, careful due diligence is important as ever to enable property investors to make right decisions in 2012 |
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Mike Jones
Angels House, 5 Albemarle Road
Beckenham
Kent - BR3 5HZ
United Kingdom
Phone: 0845 075 0152
Email: propertyoverseas2011@gmail.com
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Market Press Release – January 6, 2012 7:11 am – We all want to know where is best to invest when buying residential property. In a world of economic uncertainty and fluctuating property prices, careful due diligence is as important as ever to enable property investors to make the right decisions in 2012, and so we have gathered a few thoughts from the experts.
Joanna Yellowlees-Bound, CEO, Erna Low, advises investors to consider investing in high-end ski resorts.
She says: “Investing in top blue chip ski resorts cannot go wrong. Our top tip for the best place to invest overseas in the next few months is the French ski resort of Val Thorens, which not only is the highest ski resort in the world, but has the best snow conditions in the world, as well as the strongest infrastructure. In a recession, the profitably of SETAM (the ski pass office in Val Thorens) has been increasing year on year with more skiers than ever before. This in turn reinforces property values.”
Richard Way, editor of the Overseas Guides Company (OGC), expects to see more people buying property in European destinations with strong economies, while he also thinks that the time could be right to take a look at the U.S. property market.
Way comments: “In Europe, uncertainty over certain countries remaining in the eurozone will continue to steer property buyers towards destinations they consider more economically stable and where any euro assets, such as their property, are safe – hence France being as popular as ever. The appeal of countries outside the eurozone will continue too, notably the USA , where holiday homes in Florida are still incredibly affordable.
“Turkey’s attractiveness will grow over the next year too – its affordable access to a Mediterranean lifestyle and beaches is complemented by economic robustness on a national level, which will reassure Brits investing their life savings there.”
Piers Williams, director of estate agents Aylesford International, likes the look of high-end property markets in the Caribbean.
“The Bahamas or Barbados are both good bets,” he said. “The Bahamas offers huge advantages as a tax haven in today’s fast changing world.”
David Cox and Ray Withers, co-founders of Property Frontiers, believe that certain parts of the EU could provide opportunities despite the debt crisis and economic turmoil within the eurozone, suggesting that on a property level, opportunities could be born for those who want to invest in second homes in southern Europe, becoming cheaper in sterling terms if the euro’s value continues to fall.
Outside of Europe, one of their favourite destinations from a value perspective, is the USA, thanks to low prices and good yields.
For more information, visit: http://www.propertyoverseastoday.com/news_features/where-is-best-to-invest-in-2012
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