Monday, October 13th, 2008
Investment Opportunities During the Credit Crunch
posted by Marc Rosenthal
Although the property Industry is experiencing difficult times, this also means that there are opportunities and this is particularly the case overseas, with new and emerging markets experiencing boom and growth even at this time.
With massive investment in infrastructure and with a reliance on tourism for the strength of the economy, many governments continue to pump money in to new airports, marinas, commercial projects, golf and leisure.
Naturally residential development occurs alongside this public spending to ensure available accommodation for those wishing to benefit from all of these improvements and numbers of people being attracted to these areas is on the increase and predicted to keep rising. This in turn will lead to capital value growth as an area continues to establish itself as a viable long term tourist destination.
Unlike emerging markets, some of the more established locations such as the coasts of Spain have been suffering, but again this leads to opportunity and Millennium Overseas Property are able to source considerable below market deals where financing is attractive as market values are deemed to be considerably higher than the prices that Millennium can source. It may not be a short term investment hot spot, but if you have ever fancied owning a holiday home in Spain , this could be one of the best times to buy.
With massive investment in infrastructure and with a reliance on tourism for the strength of the economy, many governments continue to pump money in to new airports, marinas, commercial projects, golf and leisure.
Naturally residential development occurs alongside this public spending to ensure available accommodation for those wishing to benefit from all of these improvements and numbers of people being attracted to these areas is on the increase and predicted to keep rising. This in turn will lead to capital value growth as an area continues to establish itself as a viable long term tourist destination.
Unlike emerging markets, some of the more established locations such as the coasts of Spain have been suffering, but again this leads to opportunity and Millennium Overseas Property are able to source considerable below market deals where financing is attractive as market values are deemed to be considerably higher than the prices that Millennium can source. It may not be a short term investment hot spot, but if you have ever fancied owning a holiday home in Spain , this could be one of the best times to buy.
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