A
ll successful scams and cons have two things in common:
1) All scams involve a ‘hook’ designed to play on our natural greed and opportunism by asking us to do something that seems only slightly unethical (on the surface) in exchange for a huge monetary pay off. 2) All scams then count on our shame at accepting illicit terms to make sure we don’t report the crime or pursue justice.
As usual, it is hard to sift the genuine information from the press releases coming out of the UAE. To read some stories, anyone would think that the global financial crisis has passed the region by. According to Business 24/7 “Sweet Homes, an Ajman-based developer, said it will not lower selling prices for either of its two projects.”
Australian’s traditional houses were made of corrugated iron, roof and sometimes even walls, in the absence of wood, with big veranda all around. The veranda started off purely practical – a tin house turns into an oven very quickly in Australia’s heat.
British tourism up 16.7% during January/February 2008
Dubai. First trip this year is to get my Dubai properties registered. If, like me you have purchased property in Dubai recently, it is important to register the purchase with the Dubai Land Department.
Or Cyprus, or Italy or Mexico. More and more Americans are looking further afield than New York for their second or even third home. According to the National Association of Realtors, some 5 to 600,000 foreign properties are owned by Americans living abroad. The most popular locations are Britain, Mexico, Canada, Italy, and Germany. Even though housing prices in many European countries outpace the U.S. market, when compared to large U.S. metropolitan areas there are still bargains to be found in some parts of Europe.
The latest Knight Frank Global Price Index reveals that growth in residential property markets around the world is slowing. On an un-weighted basis prices globally rose by 8.2% per annum to Q3 2007 compared to 9.6% 12 months earlier. Rising interest rates have been a major factor in slowing house price growth, together with the tightening of lending criteria seen in many European countries.
A massive change in the value of the dollar, combined with soaring building costs is changing the face of the international property investment markets. We highlighted a few likely markets recently in “The Top Ten Property Investment Hotspots for 2008,” but thought another look around the world’s investment property markets was in order. Ahmed believes the Panama property bubble is about to burst, but my feeling is there are a few more good years to be had from this market and properties such as the Trump Ocean Club under construction in Panama City will be a good earner. My feeling is the Hotel/Condo arena is the way to go in emerging markets. And with a few exceptions down in Florida, anything with “The Donald’s” name on it is a good bet. Of course, when we talk about Panama real estate, we are talking about Panama City only. The rest of the country has yet to see the sort of infra structure needed to support these sort of developments.
As a professional overseas property investor, I am only too aware that I am constantly one mistake away from bankruptcy – that’s all it takes – one investment gone awry, one condominium building that didn’t get built, a sudden unexpected drop in the market, a burst real estate bubble, and I am back to washing dishes. Well, maybe not quite that bad – I might have to sell one of the Bentleys, which would be almost as much of a disaster.
FACTS ABOUT BULGARIAN PROPERTIES
Two months after joining the European Union, Bulgaria began attracting increasing interest towards local real estates. Its strategic geographic location and the membership in EU and NATO turn it into an attractive destination for property buyers. For sure, you need to have more information before investing your money into a small country with a beautiful countryside and extremely low prices for Europe.More on Facts about real estates in Bulgaria – the latest European Union member
More on Facts about real estates in Bulgaria – the latest European Union member
