Colordarcy Announces Hottest Investment Destinations for 2011

Overseas property specialists Colordarcy has announced its picks for the hottest overseas property investment destinations in 2011. It could be said that they have opted for a couple of surprises. The London-based firm has compiled a detailed PDF report, which can be downloaded using the link below. Loxley McKenzie director of the firm said:

"Well, here we are again as another year draws to a close, and the world of overseas property prepares to move another year away from the dreadful crash. A crash, which has changed the world, with emerging markets now expected to lead the global recovery and established markets struggling to grow at all -- of course there are some exceptions to this. This is heavily reflected in our investment picks for 2010, which contains only 1 established market, breaking up the 4 emerging markets."

The firm has named Brazil as the number one investment destination in the world, though according to McKenzie it was a "toss up" to choose between Brazil and Turkey, which came a close second. McKenzie explained:

"Both have been completely stabilised and reformed for the better by two terms of excellent governance, both now have stable and rapidly growing economies, and both are seeing growing affluence in the population cause demand for housing to outstrip supply by a large and increasing amount."

According to McKenzie the discovery of oil in Brazil and its winning the World Cup in 2014 and the Olympics in 2016 clinched it for the Latin American market.

The USA was in third, which comes as no surprise according to McKenzie.

The report highlights the massive problem of repossession in the US, with Florida being highlighted as a hotbed for investment because of its having one of the country's highest foreclosure rates. Because of this, there are "opportunities to buy, not distressed or repossessed properties, but discounted new build properties on the open market at up to 60% below replacement costs," said the report.

Egypt was named the fourth hottest investment destination for 2011, according to the report: "Egypt fits the model of your typical emerging market investment."

"The formula is simple; low prices and high growth," said McKenzie. "On a comparative basis prices in Hurghada and Sharm el-Sheikh property prices are some of the lowest in the world," he added.

5th place went to Vietnam; the report said: "Data shows that Vietnam GDP grew 6.3% in 2008, 5.3% in 2009 and is on track for similar growth this year. The Asia Development Bank is forecasting 4.5% growth this year, the IMF is predicting 6.5% growth this year and 6.8% next year."

According to the report, this growth, the fact that it looks sustainable, and that Vietnam property is still priced comparatively low compared to its peers, is the reason why Vietnam will hot up in 2011.

Download PDF report: http://www.write-about-property.com/reports/overseas-property/clients/colordarcy/Hottest-Investments-2011.pdf

About Colordarcy

Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide.

Colordarcy Investment Ltd
2 London Wall Buildings
London
EC2M 5UU
United Kingdom

This release was published on openPR.