Gazing into our crystal ball, this is a list of likely overseas property investment markets that should do well in 2008.
1. Thailand
Thailand has a two things going for it at the moment:
- Weak currency. Even against the dollar, the baht is weak.
- Weak property prices. The upcoming Thai elections and insecurity over the US sub-prime mortgage crash are causing a drop in prices, that make a very attractive proposition.
2. Morocco
Morocco is still a very undeveloped market and as far as we’re concerned, it looks very much like the Spain of a few years ago.
- Property prices are very attractive compared to the E.U.
- The low cost of living makes a luxury lifestyle a real possibility
- The property boom is at the beginning of it’s cycle
- Rental properties are experiencing 85% occupancy during the season
- Capital growth is in excess of 15% year on year
- Airfares, yacht club mooring fees and golf memberships are comparable to Spain thirty years ago
3. Abu Dhabi
Abu Dhabi seems intent on avoiding the mistakes made in Dubai, and is very much at the beginning of it’s upswing.
4. The Dominican Republic
There are a number of interesting new developments in the Dominican republic that bear a closer look. Once again, this is a very undeveloped emerging market that has a long way to go before prices come into line with the rest of the world. Continue reading.
