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Property News Week 14

How can you invest in Egypt? when you cant even find a flight from London

As you will guess from the title of the thread, this post is about flights to Egypt and how this may effect your investment decisions.  The interesting thing about this thread is the fact it takes out the whole argument about whether you should or should not invest in Egypt and concentrates on how access to an area can effect the thoughts and decisions of many investors.  While there appear to be some flights available from London, they seem to be few and far between.  However, with tourism on the up in Egypt and the likelihood of more direct air links in due course, it does beg the question, is it a risk worth taking now?

This post is a very interesting take on how access to an area will effect the present and future value of a property investment.  It also poses the question, if you are certain that direct access will increase (due to increased tourism in this instance) is it an interesting risk to take? As and when direct access from places such as London goes live, that has the potential to open up markets to many more investors, agents, and developers.  While not exactly the same, it has similarities with Northern Cyprus, which was for many years cut off from direct links to Europe, etc.  Are we about to see a major shift in the property market of Egypt? Will the direct access factor have a substantial impact? 

Looking to purchase in Turkey

As with any post about the Turkey, this thread has attracted a whole host of comments, advice and questions.  From what has been posted it seems that there is something for everyone, whether you are looking for a mainstream tourist area, or a quiet back water untouched by the commercial sector.  Prices seem to vary quite dramatically, with popular tourist areas obviously among the highest.  The thread also raises some interesting points about the power of investment, against the power of environmental protection, where it seems that money does talk.  The thread offers a nice variation on the normal format, with useful contacts and areas of interest.

As well as highlighting a number of tourist and non-tourist areas of interest, this thread also brings home the fact that while the UK tourism market is substantial, it is not the only one out there.  There are a number of American and Dutch investors in the region, to name but a few, investing into areas where UK investors have yet to tread? While much of the new development seems to be centred around the tourist attractions along the coast, investor interest is starting to move inwards.  For those looking to take a longer term view it would seem there is potential away from the main coastal resorts,  although investors should also check out the local transport network, ensuring any potential investment is easily accessible.

p.s. Recent tensions between Turkey, the US and Iraq have resurfaced over the last few days.  Something which may effect investment decisions in the short term.

Dirty Little Secrets about Bulgarian RE

While perhaps the not the most politically correct of headings, it does what its says, alerting you to a number of problems, scams and concerns in the Bulgarian property market! This is one of the most detailed posts ever to appear on the forum, and it is not just your traditional sales and valuation talk, this seems to have been written by someone who has experienced the Bulgarian market in its full glory.   As well as giving some great details about the state of the Bulgarian market and Bulgaria in general, it will perhaps open the eyes of many to what seem to be common frauds or scams.  A very informative post, which while directed at Bulgaria, could apply to a whole host of other countries!!

While the post relates to Bulgaria it could be about a whole range of countries throughout the world, and offers very good advice on potential pitfalls and scams in the property market.  If anyone was ever looking to enter the property market this would be an ideal first read, offering a mix of advice, both practical and in theory.  It also opens an interesting debate about population migration and the opening of the European Community, something which has seen the Bulgarian population decrease over the last few years.  It is interesting to see that the claims made in the original post are backed up by a number of forum members, adding more strength to the arguments.

Mortgage in France

While mortgages are a vital part of any property investment, they are not usually covered in great detail because many people just assume that every country in the world has a highly developed mortgage market - unfortunately this is not always the case.  It may surprise some to find that compared to the UK market, even France has a market which does not seem to take into account overseas investors - strange when you consider that France is the most popular destination for travellers in Europe.  In the UK for example we take it for granted that we can approach a bank directly, while in France it seems the norm is to go through a broker, who will iron out any difficulties.  While the post may be a little different, it is very useful.

A very interesting insight into the French mortgage market, which does not appear to be as developed as you would have thought.  Simple facts such as there are no 100% mortgages available in France, to the different types of mortgages on offer, will act as an eye opener to many.  There are even warnings about potential pitfalls when buying property in France, and these come from a French resident.  While the content of this post may surprise many, it does highlight the fact that investors from countries such as the UK, with highly developed mortgage markets, may need to do some research when looking for overseas mortgages.

Good investment with $ 100K in Dubai

While the reputation of Dubai often goes before it, there is still scope to get a foothold in the property market for $100,000.  This thread offers a useful array of leads taking in completed developments and developments which are still under construction.  Despite the concern that the property market is becoming a little saturated, Dubai still seems to have much to offer.  The Dubai economy has been fairly buoyant for some time, and still attracts a whole host of Western companies looking for a base in the region.  A popular area of the world, which has its obvious pitfalls (such as periods of instability in the region) Dubai still continues to attract investors.

Despite many people looking to call an end to the Dubai property boom, it seems that there is still substantial interest in the area.  However, whether the number of developments in the pipeline will see the market soften a little remains to be seen.  When you strip away the concerns about short term saturation of the property market, the Dubai economy and outlook still offer cause for optimism, with many western companies still using the State as a base for their Middle East operations.  At some stage you would assume that demand will have to catch up with supply, but longer term the picture still seems fairly rosy.

 

 
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