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Property News Week 31

Philippines is hottest emerging market


There was a discussion about the Philippine real estate market. It is said that the Philippines is emerging right now. With the surge of foreign investors coming in, it seems that the Philippines are really making a good turn.

It’s true that there are a lot of off plan developments in the Philippines. Aside from that, it is still relatively cheap. You don’t need to worry because the cost of living in the area is not high. You will also find that the metro area have a lot of educational, medical, shopping and dining establishments. Employment is not that big a problem anymore. As mentioned above, the surge of foreign investors has really made a good turn for the country.

This is mainly because the cost of labor and services in the Philippines is cheap. Add the fact that Filipinos are good in language. They can easily adapt. Thus, this is why many countries outsource their jobs in this country.

When it comes to properties, land is a good investment in the Philippines. Its value grows. Land that you may have bought 2 years ago for about 7,547 euros for an 80 square meter lot will now be worth 9,056 euros. This is also why a majority of the rich people in the Philippines are the ones who are into property investments. Thus, the Philippines are also a good retirement destination. The metro areas are the best ones to purchase if you would like to migrate in the Philippines. If it still seems a blur, visiting the Philippines is the best option. You don’t need to worry about the air fare because it is still considerably cheap.
 

Am I Too Late for investment in Cyprus?


There were talks about buying a property in Cyprus. Actually there was a bit of a debate on whether it is still that good to invest in Cyprus. There were various suggestions by the members and it is really very helpful for those who view Cyprus as their retirement home in the future.

Thus, the prices of real estate in Cyprus have really gone up. This would be due to the surge of buyers in the last 2 years. Most of them were just going with the flow and thinking that Cyprus has good investment opportunities. So far, there are several properties being built in Cyprus but not much improvement on the rental potential. The surge of demand in the past has resulted to a current oversupply of properties in the region. Right now, prices may be a bit higher but sooner or later it may eventually fall.

Aside from the fact that the cost of living in Cyprus is also quite higher now, it is really not sufficient enough to sustain any mortgage. Most of the properties bought are now in the market again. When it comes to viewing Cyprus as a retirement home, it is no doubt that this lovely island is very ideal. With the natural landscape and the sea…and the natural landscape…and the sea, you’ll really find the region very relaxing. If that’s enough for you and your family, that is possibly what you will get in the next few years. It is best to think about the possible things you may need when you retire and check if Cyprus can provide you that in the future. You can ask around, research or maybe even visit Cyprus. It is better to think about it now than to wait until all prices for real estate have crashed and you’re left with the property you cannot re-sell; or you can re-sell but at a much lower price.

Why buy property in Germany?


There was an inquiry on why people should opt for a property in Germany. There were positive feedbacks and negative feedbacks on the thread about Germany. Many still believe that Germany has potential.

It’s good that there are those who are still pretty neutral and give off comments that will really help those who are new in the property investment market. With regards to Germany, there may have been some problems in the last years about growth in the region but it seems that it’s already a bit stable now. The rental yield is still quite promising. In fact, unlike most countries now, Germany is pretty balanced in a sense. The best thing to do to find out if Germany is a good investment is to go there directly. The infrastructures, the job opportunities, the proximity to medical and educational facilities are the things that you need to check. If you like what you see, especially when you ask people there about the lifestyle and cost of living that they have, you can start asking yourself if Germany has potential for you. If you see that it is working for a lot of people who are into the business of investing on properties, you can take that as a hint that it may work for you also. If you are not going for Germany as an investment wise deal, how about as a place you would like to migrate or retire to one day? It’s your hard earned money you’ll be spending so it’s best that you make all the necessary inquiries before you take the plunge.

Investing in Monte Santo


There were good feedbacks about Monte Santo in Portugal. It seems that most of the members have bought a property in the region. Aside from that, everyone seems to be happy and very much contented with it.

Monte Santo is in a historic Carvoeiro’s fishing village which is around the Algarve region, along Portugal’s southern coast. From a small fishing village, the area is now considered as a popular holiday vacation destination.  This will not come as a surprise because of the golden sand beaches and the mild climate. It is the natural setting that really captures most of the people that went there.

Aside from that, there is a stretch of beaches in the area. Carvoeiro Beach is just one of them. You will also encounter there several beaches like the Paraiso Beach, Vale Centianes Beach and Albandeira Beach. This is along with the Marinha and Benagil Beaches. Thus, the latter is one amongst the world’s 100 most beautiful beaches. Aside from the beach, Algarve is also noted for its vast golf courses. Golf enthusiasts will really find this area as their heaven in Earth.

Thus, Monte Santo Resort does not only promise a luxurious living, it also poses as a good investment opportunity. Even the developer is well accredited and noted for their award winning developments. In Portugal, they were acclaimed for the development they made in the Hilton Vilamoura as Cascatas Resort and Spa. This would be a famous 5 star Hilton Hotel. With all the positive publicity going around, Monte Santo may prove to be a worthwhile investment.

State of the Spanish market


There was an inquiry about the stand of Spain the real estate market these days. The thing about Spain is that amidst the publicity that their properties market is in a standstill like the US, the properties market in Spain is still trying to compete and catch up. This can be noted on the properties that are still being built amidst the number of properties that are being re-sold in the market.

One member suggested that Spain is a good place to buy and sell properties in. This may prove to be a good suggestion because many still adore Spain and believe in its capability. Others do not view Spain on the short term aspect of getting rental yields or capital gains. Instead, many view Spain on the long term level. It is true that most of the investors in Spain properties have made long term rather than short term deals.

Spain’s stand in the market may be stagnant at the moment but the fact that many still find Spain very convenient and very ideal is enough to say that Spain will never lose out in the market. If it will crash, it may not be that much. Thus, if Spain has made its point then, sooner or later it may have its feet up again. The best thing to do at the moment would be to monitor the growth of Spain. You can also check with other people who are into the business of buying properties in Spain. Get their views and think about it.

Home Furniture


There was an inquiry about buying home furniture for a new built house. The inquiry was more on having it purchased online. Before buying home furniture for your new home, it is best that you get it from a shop near your place or a shop in the same country. This will make it easier for you to take it back, should you see defects or should there be problems with the furniture. Actually, this is better than waiting for the dealer to pick up their defective furniture because they’re in another country or state.

Another thing you can do is to ask your neighbors or the people who lives near you for referrals. One way or the other, these people may have bought their furniture too. At least you have a good chance of knowing which furniture dealers to avoid. You can then ask for the numbers or even the websites of these home furniture dealers.

If they don’t have a website, you can have them send you a catalogue or you may even drop by their shop, if it’s near your residence. It is also good to check about the warranty and the procedure if you encounter problems with the furniture. If you will personally drop by their store, you can try to haggle with the price that they have. If it’s not possible, the best part would be the fact that you tried. Of course, if you do get a discount, you can use that amount you saved for more items you can get for your house.

So Where Have You Purchased In Egypt And Why???


There were talks about the investments properties bought in Egypt. It seems that a lot of members are very happy with the properties they purchased in Egypt. This is a good deal because it is apparent that Egypt is emerging in the properties market these days. More and more people now believe in the potential of Egypt.

Places like Hania Beach are really making more demands. The fact that it is in between El Gouna and Hurghada puts you in the center of the action. Imagine having access to the best of both worlds. The beach, the natural façade, and the unique landscapes- you will surely like the amazing things Egypt can offer.

Thus, Suleder and La Siesta are also very nice areas. With the low price of properties in Egypt right now and the fact that it’s emerging, sometime soon, these areas will be able to show good rental yields and capital gains. It is expected that prices in Egypt will rise but not in the near future. The other good thing would be the fact that Egypt has a low cost of living. This means that the units you will purchase are not that difficult to maintain.  

With the growth of tourism in Egypt, more shops and infrastructures are either built or re-constructed. This is a good sign. It means that we can expect more from Egypt in a few years time. The beachfront properties there are really the ones that are in demand. Reading about it is one thing but when you get to see the place, it’s really amazing. The natural landscape of Egypt will really make you want to stay longer there. Thus, as of now, Egypt is a good vacation destination. It’s a new thing you can look forward to.

 
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