December 24, 2012 at 10:40 am #57200
Things I have read the last few days,
Brazil is the new hotspot. Due to the world cup and the olympics being held there property has risen 22%
Likewise Estonia where property has risen 13.9%
Personally I would think investors have missed the boat, not good to start investing when property has increased so much
Gross rental yields in East london are 11.3%. Anyone owning rental properties should watch the UK market picking up. As more people buy then rental rates could fall.
The most expensive property in london costs £300 million. It has 45 bedrooms…who would want that many 😯 Formerly owned by the ex-Lebanese President. Imgine the upkeep!
Reading an obscure town in the UK has property worth £50 billion.
All the above came from various Estate Agents, and we know tey tell it like it is 😆
December 26, 2012 at 1:07 pm #114223
I considered buying in Brazil a few years ago. Indeed I am in that land as I type this. I love the place. Even though prices have pretty well doubled since I looked I am glad I didn’t buy.
Despite what agents will tell you it is very difficult to get any money out of the country once you have brought it in. Also, I am informed by my sister who lives here, many of the locals who own a second property have problems with theft and squatting.
It is a beautiful and fascinating country which is well worth visiting but I’d advise anyone thinking of buying here to look long and hard before they do.
December 26, 2012 at 1:16 pm #114224
def Brianc; the Brazilians hardly ever own a second property – for reasons above (squatting immediately gives you rights!) and also they don’t believe in the long term future of the country. The rich send ALL their money abroad – Uruguay, Miami, NY, London, Panama, belize etc ……it is also very very corrupt and unless you are in the loop you will always get screwed. 95% of the second homes (badly built units) on the coasts have been sold to foreigners who mostly got conned; no papers, licenses etc…. the locals never touch these dream areas in natal, bahia, etc…. also, the REAL has declined by 22% so the price increases would be negated if you could sell and send the money home!!! 😳 😳 😳 😳 😳
December 26, 2012 at 1:24 pm #114225
I think it will be fairly easy to pin point future long term places to invest in.
Any country that goes in the direction of people becoming freer, less taxed and low interference in their lives will see it’s wealth climb in all areas.
December 26, 2012 at 2:28 pm #114227
St Kitts has a lot of advantages including dual nationality. It’s a lovely place too. Plus tax concessions
You get a better choice of places to live. You may permanently live in St. Kitts and Nevis, if you want to. There are no taxes on income, capital gains, gift, wealth and inheritance
December 26, 2012 at 4:08 pm #114229
Hurricane, possible volcanic activity, cost of travel, lack of medical facilties makes the minumum €400,000 a rather high price to pay ?
December 26, 2012 at 4:13 pm #114230
Yes the lack of medical facilities are a problem, that applies to many “paradise” locations in the world. Could equally apply to Spain if the rot continues.
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