Invest Overseas..
Posted on December 6, 2007 in the International Property category
UK leads in the property investment business for so many reasons. To name some, UK is one of the most progressive countries in the world. Here you will find vacation destinations that millions of tourists visit each year. This is a place where rich culture and technological advancement go together.Â
If you are looking for a good investor site that can lead you to greater investment opportunity and eventually earn huge profits, you should checkout armchairpropertyinvestor.co.uk. This is where you should start if you are perhaps interested in Investment property Cyprus or to an investment property in Morocco. Cyprus property investments and investments on other locations are easy to find with Arm Chair Property Investor.Â
The company has helped many investors achieve success using the buy-to-let principle. This principle is simply investing on a property wherein you let somebody live in the house and pay you rent. While you receive rent from the tenant your property will also increase its value over time, you do the math.Â
Another advantage of being under an excellent company like Arm Chair Property Investor is the convenience of getting discounted property without a single searching effort. The company does the searching for you. All you have to do is invest on a particular property that can generate huge profits. Visit its nifty site and find out more about how you can earn big on property investing.Â
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Since the original post was written in late 2007, things have changed in the UK (and everywhere else). I thought Id better give a more up-to-date picture. I am an Architect based in Edinburgh, Scotland. I deal with private home owners and property developers. A number of the points made in the original post, thought accurate when written, are no longer so. There is still hope however, we are seeing some “green shoots” of recovery in the UK property market.
Buy-to-let investing is dead, no bank is willing to lend money unless they see an obscene deposit. Few people have the cash and so the market for landlords has crashed. However, the rental market is still strong. Because people cant or wont buy right now, they rent instead. This runs counter to the long established UK / Irish preference for home ownership and, In my opinion, wont last. The basic figures suggest a medium to long term housing recovery. Simply put, there are more people on this little island than there are homes for, eventually those home swill have to be built. It doesn’t matter if people buy or rent them, the buildings must be built, the demand exists. In the UK, right now, it is supply that is the problem. The major house builders all stopped building homes last summer and have only just begun, tentatively, to open their existing building sites again. Very few have actually opened new building sites. This choke in supply is different to the choke in new mortgages. In theory, the mortgage market can be switched on again overnight. It takes months and years to bring large volume house developments to the market.
What all of this adds up to is that when we hit the bottom and the recovery begins, house prices will rise as supply outstrips demand. A number of my clients, who have cash, are keen to re-enter the Edinburgh market now. Prices of both property and construction are cheap.
Forget Cyprus.
According to Association of Foreign Investors in Real Estate (AFIRE), the top three destinations for investment are China, Brasil and India.
Further update – after an upturn in UK house prices and activity levels in the second half of 2009, things have cooled off and faltered in the first few weeks of 2010. I would be very wary of leaping into UK property even with prices still well off their peak. On the plus side there is not the overhang on the supply side you see in other countries but that peak came at the end of a very long boom and the market had become very overextended. Also the UK economy is still very weak. Better to wait and see.