I just dug out an old article I wrote in 2008, in which I recommended 4 emerging property markets for investment, I thought it would be good to take a look at them and see how wrong or maybe right I was. Here we go:
The Top 10 Property Investments of 2010
December 20, 2009Well… Everybody who’s anybody in the world of overseas property is currently releasing a chart of their hot tips for the best destinations for property investment in 2010. I thought I better get in on the action… My family are right, I couldn’t see crap but I’d want it. Anyway… Here is my top 10 countries for property investment in 2010 in no particular order:
When Buying Property in Brazil — as with everywhere — Research is the Key
August 14, 2009Brazil property has been receiving a lot of negative press in recent weeks, because of Spanish developers being arrested for fraud because they took monies for developments in Brazil that they never really intended to build.
The Times ran a particularly sombre piece on the three family members who had each paid a down-payment of 30,000 Euros, and were now as disappointed by the fact that they will never get the property in Brazil they had dreamed of, and because they are left severley out of pocket.
But all those people who are now very upset and out of pocket could have saved themselves all this misery by carrying out their own lengths of due-diligence before putting their hands in their pockets.
You hear of people all the time putting their money down before they have even been to the country. Most of the time this goes just fine and the people end up with the keys to their new apartment or villa and a smile on their face, but then there are the 1% that don’t and this can give the industry a bad reputation.
I always advise the people with whom we discuss an overseas property purchase off plan to go out and do some research on the development and the developer, here are some of the things you should research: