Some of the worlds most popular destinations are apparently also the worst places to invest, according to buyproperty4less.com…
In what will surely come as a surprise to investors, buyproperty4less reveals the worst five places to invest around the world:
Spain
– Oversupply of apartments.
– Land grab laws have unnerved investors.
– High complaint profile of build quality.
– Property prices beginning to slide.
– Poor rental yields.
– Poor resale market.
Florida
– Oversupply of “vacation” property in Florida area.
– Increased competition driving yields down.
– Poor resale market.
– Rising Interest rates have lead to increased repossessions causing prices to fall in some areas.
– Hurricane area.
– 7 Hour flights from UK.
Dubai
– Oversupply of new build property.
– Poor finance arrangements – many developers require staged payments during build time – Are you financing the developer?.
– Poor re-sale potential.
– Long flight times from UK.
– Every new scheme is bigger and better than the last.
Bulgaria – Beach Resorts
– Oversupply of new-build apartment schemes.
– Short summer season – 4 months max.
– Poor infrastructure and transport links.
– High Cost of Borrowing.
– High Crime in certain areas.
Turkey
– Poor human rights issues.
– Land laws unstable”.
– High crime in certain areas.
– 5 hour flight from UK.
– Certain areas saturated by new developments.
– Poor financing deals currently available.