Which Country Abroad ?

[Pippin]

Originally Posted by Jack Lobb

Anyone considering buying property abroad should definitely consider North Cyprus

As Brian says anyone buying in North Cyprus risks losing everything unless they do their homework very thoroughly. Its not good going by Turkish title deeds as many of these are illegal. Only title deeds issued by the LEGAL government in Nicosia pre 1974 are legal.

[SeekER]

There have been a lot of stories about Northern Cyprus, personally I'd steer clear!

I know someone who has bought a house in Bulgaria in a small village out in the countryside for a fairly minimal amount of money and has turned it into a really nice property for tiny percentage of what it would cost in the UK. Having said that it is out in the middle of nowhere but the locals are very friendly and happy to look after the property whilst they are away in exchange for coffee and chocolate (expensive goods in Bulgaria).

It's certainly a fantastic sounding place, I am due to visit in the summer to see for myself.

[shellshocked]

egypt has still a longway to goto paradise but the potential is there and the familarity you find after one visit to egypt makes this a safe choice for the future. everybody either finds paradise in egypt or hates it.

[brian]

Paradise is actually in the Dominican Republic.

[thetravelbug]

I think everyone'd definition of paradise differs.....some people's idea might be a lovely little village house in Bulgaria with room for chickens and to grow your own veg, for others it might be an apartment near the beach in Spain. Really depends what you want from your holiday home or maybe permanent home.

Which country is best for your investment abroad depends on many factors - budget is of course a main factor, but also language and culture, how far from the UK you want to be, whether there are budget airlines.......

[oxfordproperty]

Last week I took a deal in Turkey which required just £3500 down with a superb return over a three or four year period. There are contractually guaranteed payments each year & the development company will take care of the management, bookings, & maintenance etc.

• €6000 (approx. £5350) in Year One
• €6000 (approx. £5350) in Year Two
• €10500 (approx. £9300) in Year Three

That will be a total return of €22500 (approx. £20,000) in just three years for a £3500 investment. ! The added advantage for me is that that they will take the property back at the end of Year Three (or four) so no worries about taking over a mortgage and no hassle about the resale. Additionally the company I dealt with were superb & very knowledgeable, unlike some I have contacted recently. They deal directly with the developers so the initial money down is not inflated by intermediary fees.

[brian]

I remain personally suspicious of the guarantees - it would be so easy, if short of money, to wind down the company offering the guaranteed income. And with so many property companies struggling, some may simply fold regardless. Where would the guarantees be then?

[Greta]

Originally Posted by Jeanne

Without any hesitation : MONTENEGRO !!!
The future Monaco of the Balkans.

In 2 years time, once Porto Montenegro is in place, it will definitly be the new Monte Carlo of the Mediterranean.

J.

I agree 100%!

Real estate investment opportunity in Montenegro is enhanced by relatively little red tape involved into the registration of real estate for sale and purchase, the whole procedure taking just a couple of days.
Private property right protection having deep historical roots (land here has always remained private property and never been expropriated) affords attractive real estate investment opportunity, too.
Favorable, if compared to Spain, France, Italy, Greece or Cyprus, taxation for owners of real estate and really low utility payments provide real estate investment opportunity for international investors.

[Jeft]

I would keep a close eye on Greece due to the coming of low property prices. It's only a matter of time!

[ed.fold]

I can recommend that Cyprus, Spain, Austria and Mauritius are great for luxury properties abroad. All of these countries will provide good investment, but obviously some are more appealing than others.