Words: Ashley Rigg
Published: 23rd August 2010
How to get lucky choosing a overseas buyer market
In the UK buyer market, lots of people simply got lucky by being in the right place at the right time but is there more to chosing a market that just luck?
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Source: Global edge
User Comments
I agree that these countries are strong contenders but only the more experienced investors will know enough about them to risk investing money so far away.
Egypt should also be a strong contender; five hours from most European Capitals, great weather, almost zero rainfall, friendly people, safe for children, no purchase tax, capital gains tax or inheritance tax - oh and entry prices from around £10k for a freehold studio apartment!
Buyers just need to be aware to use a respected local lawyer, a good agent and choose rock solid Developers. Egypt has it's share of cowboys and Developers who rely on client's money to complete projects.
Get it right and the market is still showing capital growth of up to 20% per annum and ROI from rentals between 10 -15%. Look for good long term rentals to provide regular income; short term holiday lets are tempting but this is an all inclusive market so its hard to compete with the hotels unless you are in a prime front line beach location.
Peter Mitry,
Egypt Real