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The 5 worst places to invest overseas
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Tuesday, July 17, 2007 |
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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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