Words: Ashley Rigg
Published: 17th June 2010
*The world’s best-value overseas property destinations
International estate agency group Savills has published a list of best-value destinations in 35 countries across the globe.
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Source: Global edge
User Comments
At this moment in time if you are able to get more than 1,500m2 in the Algarve you have done very well. I cannot agree to the 3000 as shown above. Portugal in the list for destinations and value for money locations should be near the top of the list. 2.5 hrs from any UK airport, all year round excellent weather, fantastic golf, food and wine. What more should you look for when looking to invest abroad.
Paul Cotterell,
Casas do Barlavento Lda
North East Brazil, areas such as Joao Pessoa
and Itamaraca are attracting the savvy Canadian and
American buyers who see Brazil as the place to be .
Joao Pessoa and tropical isle Itamaraca have been tipped by International Living magazine.
I think Savilles tend to be where the big developers
are - sadly where big developers go - there
always seems to be overbuild which affects prices.
Nothing beats ready infrastructure and community.
who wants an oasis in a desert?
Linda Fennell,
Paradise Properties-Brazil
I guess Savills doesn't track Albania. With prime central property in the capital city around EUR1,000/ sqm, and properties next to the beach from EUR850/sqm, it makes this list look expensive.
Fiona Bosticky,
Fresh Property Co
I sometimes wonder where these figures come from! I have property in Sotogrande in Spain and I am struggling to get 2000 Euros per m2; similarly my company are marketing a five star front line beach project in Hurghada on the Red Sea for 900$ per m2 Freehold and other three star projects in the same area are available at 500$ per m2 or less!
Even the Five Star Plus Resort of Azzurra in the World Class development of Sahl Hasheesh, nr Hurghada, has architect designed front line beach apartments, surrounded by a championship golf course, managed by a five star Swiss Hotel chain, fully furnished and with a rental guarantee for just 2250$ per m2!
Investors could do worse than come to visit us in Hurghada! Twenty % per annum capital growth, 15% pa+ rental returns, five hours from most European capitals, the best climate, the lowest prices, low crime rate and friendly people - Oh! and 6000 years of culture. Was there something I missed?
Peter Mitry,
Egypt Real