Recently on a UK site’s top 10 of Overseas Property destinations (for sales enquiries) featured at #1 was …. wait for it Sri Lanka! Well known for Tsunamis and civil unrest. OK - the island is beautiful and the destination is popular for honeymoons. Land values in Europe are rising fast, but they are rising much faster in places like Sri Lanka, where they are starting from a far lower base. Of course, pricing is very attractive and must be one of the main selling points - land at £5000 per acre!
So where were the “popular” countries Spain, France, Italy, Portugal? Nowhere in the Top 10!
Other countries in the Top 10 were USA, Morocco, Bulgaria, Canada, Mexico, Thailand, Cyprus and Austria. Florida, USA offers incredible value at the moment - the dollar is very weak against most major currencies so prices are very attractive. Good rental yields, good location near Disney World and easy access to an airport. Given the current weakness of the dollar, now is definitely the time to enter the US property market. And with prices starting at just £50,000 for apartments, investors have the opportunity to snap up a bargain properties in a wonderful location.
For an international selection of real estate << PropertyMagnate.com