Investors rush to emerging propery markets
Friday, July 18, 2008
Overseas property investors have been advised to consider looking at lucrative investment opportunities in emerging markets, experts have advised.
A recent study by Real Capital Analytics (RCA), a research and consulting firm revealed that in the first quarter of the year, the volume of real estate deals in the industrialized world fell 54 percent compared to the previous year. But in the same period, the real estate deals in emerging markets rose to 43 percent.
Les Calvert, director of property-abroad.com has commented that investing in offplan builds in emerging markets are beneficial. "The benefits are always there, you can make a lot of money," Mr. Calvert said.
Financial times have reported that Turkey has caught the eye of investors. The news provider highlighted the affordable property prices as one of the main attractions of Turkey, along with the good infrastructure and high-quality buildings. Morgan Stanley has reported that foreigners have invested nearly $3.5 billion into Turkish property last year which was up from $2.9 billion in 2006. The publication cited Kuwait Investment Authorities investment of $750 million in the Cevahir shopping mall in Istanbul as an example for the upward trend.
According to the Times, a residence along Turkey's south coast could be snapped up relatively cheaply for £35,000. The publication also added that property prices in Turkey are currently well below the EU average.
Recently the Turkish Statistics Institute revealed that, the country's gross domestic product was 6.6 per cent up during the first quarter of 2008 when compared to last year.
Social BookmarkingA recent study by Real Capital Analytics (RCA), a research and consulting firm revealed that in the first quarter of the year, the volume of real estate deals in the industrialized world fell 54 percent compared to the previous year. But in the same period, the real estate deals in emerging markets rose to 43 percent.
Les Calvert, director of property-abroad.com has commented that investing in offplan builds in emerging markets are beneficial. "The benefits are always there, you can make a lot of money," Mr. Calvert said.
Financial times have reported that Turkey has caught the eye of investors. The news provider highlighted the affordable property prices as one of the main attractions of Turkey, along with the good infrastructure and high-quality buildings. Morgan Stanley has reported that foreigners have invested nearly $3.5 billion into Turkish property last year which was up from $2.9 billion in 2006. The publication cited Kuwait Investment Authorities investment of $750 million in the Cevahir shopping mall in Istanbul as an example for the upward trend.
According to the Times, a residence along Turkey's south coast could be snapped up relatively cheaply for £35,000. The publication also added that property prices in Turkey are currently well below the EU average.
Recently the Turkish Statistics Institute revealed that, the country's gross domestic product was 6.6 per cent up during the first quarter of 2008 when compared to last year.
Labels: Market-Trends, Overseas-property
