The world is still turning! As we entered the second half of 2008 and progressed into 2009 it seemed it was going to end. Not the world, world, but the overseas property world. Yet… here we are, just over a year later and the overseas property industry is clambering back onto its feet and trying to work out exactly what has changed: is speculation really dead? Is it really only cash-buyers that will buy in 2010? What damage has been done to off-plan buying?
Agents Offering Rental Paid Finance – Let’s Go Round Again
November 6, 2009I just read an interesting article in OPP magazine online (no link because it is members only), well surprising actually. Apparently overseas property developers and agents are having successes sending out special offers on payment plans to their email databases.
That is not the surprising part; the offers that are achieving success are those that offer guaranteed rental to pay the finance.
Those kinds of offers were common before the credit crunch, but many of the people that accepted them were let down when the change in market conditions meant the rentals promised never materialised. Because of this they have been frowned upon.
Not that I am doubting the article is correct or the honesty of those quoted, unfortunately. All around there are signs that — because the credit crunch did not cause the complete collapse of the world economy that was feared — people and companies feel it is okay to go back to how things were before the downturn began; to go back to the same irresponsible behaviours that caused the crash in the first place.
The lessons that everyone thought would be learned from the crash have been forgotten. Signs like… (Read full entry…)
The Top 5 Property Investments for 2009
August 1, 2009You may have noticed my series of chart-style articles on Overseas Property Mall in the last couple of months, namely: the top 5 short-term property investments, the top 5 destinations for long-term investment and the top 3 property markets of the future.
I thought it was only right that I should write one for my own blog, and so I am undertaking the arduous task of charting my ultimate top 5 property investments for 2009 and 2010.