The World’s Top Property Hotspots for 2009
Where Brazil is a booming economy and with sun, samba and a cheap cost of living, is taking over from Florida as the fun capital of the world – and is the same flight distance from London as Miami. Tourism is lifting off around the northeast city of Natal, which boasts average daily temperatures of 28°C all-year-round and mile after mile of sandy, palm fringed beaches. If traditional buy-to-let is the target, Sao Paulo is one of the world’s largest and fastest growing cities with an insatiable demand for quality accommodation. Slovakia’s High Tatras national park offers all-year round tourism as a UNESCO area of outstanding natural beauty. In the summer, the mountains are an attraction for walkers and golfers, while in the winter cheap skiing lures visitors from all over Europe.
The USA is tipped as one to watch as prices bottom out. Apartments in Florida are selling at 54% lower than their launch price, and according to the builders, at less than their build cost and offer an instant 6% rental return. Coming in last is the UK, with property bargains piling up at auction houses and market commentators still forecasting that prices are stagnating or still falling in most areas. “In real terms the pound is at a point not seen for 10 years. This offers a fantastic buying opportunity for international investors. As a company we have never seen so many enquiries from our international investors looking for UK property. A combined depreciation of the pound and the market now makes UK property some 54% cheaper than a year ago.
For the first time in our history, the emerging markets prices are to be found on our doorstep and not halfway around the world,” said Property Frontiers sourcing manager Ben Jefferis.For further advice: Contact Judi Williams on firstname.lastname@example.org, call 01865 202700 or pick up a copy of the latest version of the Property Frontiers book Where to Buy Abroad: An Investors Guide.
Property Frontiers aim is to push forward the boundaries of international property investment in the world's newest and most innovative emerging property markets. Our in-depth analysis of global economic and market trends allows us to source the best locations and developments worldwide which offer the highest investment potential.
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