(1888PressRelease)
March 23, 2007 - The figurative construction of Castles in Spain may once have applied to Americans looking to invest in property abroad. Today things are very different.
With favourable currency exchange rates and good property price returns as well as low inflation and a cost of living at 20% of that in the developed world, buying property in an emerging market is an affordable and smart option.
But what are the benefits of investing in property say Brazil, Turkey or Bulgaria rather than in New York, LA or Florida?
Mike Miller[Sales Director] of International Estates says, The local market has become a little oversubscribed, and prices have sky rocketed over the past 5 years. The emerging markets are still undervalued globally, and prices are realistic & affordable.
The choices are also wide-ranging. Whether it is a luxury apartment in Dubai, a ski chalet in Bulgaria or a sunny villa in Brazil, each market will have its advantages. The value of using an international property investment advisor lies in making the right choice at the right time.
Says Mike, International Estates looks for markets which are set to boom, and in which good rental returns & double digit capital growth are very possible.
The North of Brazil is a case in point right now. You can buy a fully furnished apartment on the beach resort of Porto dos Corais for $50 000.
And with similar investments achieving 20% returns over the past few years, shrewd investors will make sure to get into the market early.
For further information visit:
www.internationalestates.co.za
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