The five worst places to invest overseas

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.

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