Top 3 Places To Invest In Africa & Middle East For 2009
Released
on: December 30, 2008, 6:43 am
Press
Release Author: HomesGoFast.com
Industry:
Real Estate
Press
Release Summary: The overseas property portal Homesgofast.com
which promotes real estate in over 70 countries has predicted
its top three places to invest within Africa and Middle East for
2009. The portal predicts that Dubai, Egypt and Tunisia will see
the most activity from international
property investors.
Press
Release Body: The overseas property portal Homesgofast.com
which promotes real estate in over 70 countries has predicted
its top three places to invest within Africa and Middle East for
2009. The portal predicts that Dubai, Egypt and Tunisia will see
the most activity from international property investors.
The
results come after research by Marr
International Ltd the company behind HomesGofast.com.
They analysed internet traffic and enquiry trends from its network
of property websites.
Old
favourites such as Dubai remain top of the agenda for international
investors however there was one region that took the portal by
surprise this was Tunisia.
The results are as follows for
the region Africa and the Middle East
In
top place was the UAE and in particular property
in Dubai. This was despite the surge of investment in other
emirates of Abu Dhabi, Ras Al Khaimah and Ajman. Many Blue Chip
companies have moved to Dubai for tax efficiency and this is set
to continue into 2009. It seems investors are confident that the
increasing population will mean increased demand for Dubai real
estate.
In second place cam property
in Egypt, the region saw a flurry of activity at the beginning
of 2008 with real estate prices below £20,000 for an off
plan apartment. It seems investors subject to financial restraints
are trying to avoid bank financing for property
in Egypt. The Red Sea area popular with divers offers low
cost property with high capital growth option.
In third place a surprise for the region comes in the form of
Tunisia. Tunisia is an emerging property market with a difference
unlike traditional emerging markets the infrastructure is in place
and so are all the flights you will need to get to the region.
It also has all the holiday visitors you need as an established
holiday hot spot favoured by the Germans and British. Until very
recently, foreigners were not allowed to buy property in Tunisia
as the government wanted to ensure that home ownership for the
local market was made affordable
Homesgofast.com
Nicholas Marr “The trend for 2009 for Africa
and The Middle East for 2009 appears to show that overseas property
investors are seeking low financial outlay with a great emphasis
on off plan or pre construction property. This type of real estate
offers investors a greater chance to make larger capital growth
and an opportunity to pay with their own money over a period of
time"
Web
Site: http://www.marrinternational.com
Contact
Details: Marr International Ltd
Cardinal Point
Park Road
Rickmansworth
Hertfordshire
WD3 1RE
2010
