Investing in a Holiday Home Abroad

Housing in Spain has very well lowered its prices and many investment and foreign funds have launched to find opportunities. However, a falling domestic market in the short term is not as profitable as some foreign locations. Therefore, there are many investors who are considering buying a house outside Spain and… also – why not?

But a different legal system, different cultural’ know-how’, classic winkery of the place and even the ignorance of the area can take away the buyer from making an important and profitable investment. For this reason, going to a specialized real estate agency will make things much easier to know the viability of the local markets we are interested in and will also provide us with security.

First step: finding the house

To find a suitable house, it is highly recommended to know the local market:

1. One possibility is that we have a very detailed knowledge of ourselves by spending long periods of time in the place or having visited it thoroughly. Likewise, it is also necessary to be clear what we want the house for: as a second home or as an investment, because for each option it is advisable to know which are the locations of the country with the highest profitability.

2. Another option is to go to the real estate agent who gives us a general introduction on the local market to know where we are interested in finding the property we are looking for. In each country there are areas of high, medium and low demand and the desired investment could lead to a catastrophe if we are not well advised. “The investor must establish contact with internationally renowned professionals and agencies of international stature to help them determine the right investment,” says Ignacio Sobrino, associate agent at RE/MAX Casagrande & Asociados in Tomares, Seville.

3. A previous personal interview with your trusted agent in Spain, who is internationally accredited and also takes charge of monitoring the entire process of the operation, will help you find the right house.

Second step: legal certainty

Knowing how home buying and selling laws work is crucial.

1. When we have found the house, we ask the real estate agent to give us a general introduction on the legal particularities of the country that must be known and the differences most pointed out with Spain to make this transaction. It is the contact agent abroad who must inform the referred client of each of these particularities, taxes, expenses, rights and obligations, and if possible that the contracts to be signed clearly detail them,”says Sobrino. For example, in France, as Eva Souza, director of Engel & Völkers’ Cannes shop, explains, once the purchase contract for the house has been signed at the notary’s office, the buyer has seven days to withdraw.

2. To overcome the language barrier, it is essential to have a sworn translation into Spanish. In Spain, for example, in the case of a foreigner who does not speak or cannot communicate in the official language of each community, he or she is obliged to hire an official translator to assist him or her in the purchasing process. The presence of such translator shall be required at the notary’s office. This is what usually happens in any notary’s office in another country,”says Sobrino.

3. Hiring a local lawyer is the next step, and if possible be fluent in both Spanish and the language of the country of origin, although there are also many real estate agencies that already have a legal department included among their services. We advise them but it is always mandatory to hire a local lawyer, and we provide them with a serious and reliable law firm,” says Eduardo Lluzar, Catalan licensee of Engel & Völkers who works in the Dominican Republic. Some of their basic tasks in all countries are to check that the property is in the name of seller or to facilitate translations in contracts. Also to avoid the particular scams of each country, as Lluzar puts it:”In the Dominican Republic it is not possible to sell a property without having the approved demarcation that guarantees the individualization of the property with respect to the other adjacent properties, its own cadastral designation and a serious property registry”.

4. Know the taxes involved in the purchase and sale operation, both for the seller and the buyer. Depending on the country, it will be necessary to know whether there are taxes for the increase in wealth, double taxation, that is to say, whether taxes have to be paid in Spain and in the country of origin. Also those that have to do with renting the property, its maintenance, local fees, community fees, etc.

Third step: financing

If it is more convenient to take out a mortgage, in the country of origin of the house or through a Spanish bank, it depends on the period of the loan.

Fractional Ownership Ranches

Fractional Ownership, also known as Tenant-in-Common (TIC) is a form of holding title to real property. Under this co-ownership structure, individuals will own an undivided fractional interest in an entire property and share in their portion of the net income, tax benefits, and appreciation. Further, they will receive a separate deed and title insurance for their percentage interest in the property and have the same rights as a single owner.

Fractional ownership is not a new concept. In fact, it has been successfully applied to several industries, including yachts, airplanes, resort condominiums and luxurious second home real estate. The resort industry is entering a period of explosive growth, and luxury fractional resort products are becoming a more significant and recognized component of this industry. According to Omni Brokerage, Inc, TIC real estate investments exceeded $4.0B in 2005. In addition, it has become the preferred investment vehicle for real estate investors who wish to defer capital gains via a 1031 exchange and own real property without the management headaches.

Fractional ownership typically ranges from 1/4th to 1/13th shares. The affluence of the location and the length of the season determine the size of the share. The majority of the recently completed fractionals are located in the Rocky Mountain ski areas, but the concept is spreading rapidly to other popular national resort destinations in the United States, the Caribbean, and Mexico and other international vacation hot spots. The pricing of fractional ownership shares varies greatly and can be influenced by several market factors, including unit size, number of owners, location, amenities and available supply. Typical share prices range from $100,000 to $500,000, but can easily exceed $1.0M for high end Private Residence Clubs (PRC).

Fractional Ranch Ownership

Ranch Partners, LLC is bringing the fractional ownership concept to the ranch real estate sector. We have discovered that the price and responsibility of full ranch ownership is beyond most of our client’s desires and expectations. By packaging ranches into fractional ownership, we are able to serve a significantly larger group of investors and provide a luxury resort experience, while continuing to preserve the western ranching heritage. All owners will have 4-season access to the ranch, 8 to 12 weeks of luxury accommodations and unlimited use of ranch facilities and recreational amenities.

While all fractional ranches have access to outstanding recreational activities, such as hunting, fishing, hiking and horseback riding, individual ranch properties can be developed to meet a variety of ownership lifestyles. Some ranch properties may be tailored to the luxury resort owner, complete with high-end lodging accommodations, full service management, and an assortment of amenities similar to private residence clubs. Other fractional programs may be designed around the ranch operations. These programs provide the owner with the opportunity to live, and play on a working ranch. The accommodations are much more conservative, the lifestyle is more rural and the activities are related to the ranch operations, including horses, cattle, farming and ranching.

What to Look For in a Relocation Specialist

The best place to start in the relocation process is obtaining a free consultation from a relocation specialist. A relocation specialist is able to provide comprehensive advice concerning a long distance move. Many relocation consultants are even able to work in conjunction with real estate professionals to help a person find a house in the new location. The professional is also able to connect a person with a bank in the new location to discuss the mortgage application process.

Some relocation consultants refer people to a home buying professional. These professionals are experienced in helping people find a house that is at or below market price. Often, homes that are being sold by the owner rather than through a real estate agency are sold for much less than other houses of the same size and quality in the same area. The home locators will understand these differences in market price and can assist a person in finding a perfect home when the person is not able to personally view a property.

Since the relocation specialists are located in the new city, they are aware of which areas are desirable and what kind of amenities are available in each nearby city. These professionals can discuss neighborhood preferences with a client to determine which area is ideal according to the client’s specific needs. For example, a client with a family may be concerned about the quality of local schools and the proximity of a property to parks.

Consultants are able to help the person that is relocating understand the moving process and find a reliable moving company that is able to move personal belongings long distance or internationally. International moves tend to be more difficult because of the distance involved, the possibility of overseas shipping and the fact that the items will probably need to spend some time being inspected in customs before the final leg of the journey can be completed. Movers that specialize in international moves are well informed of the specific laws involved in a move to a certain country.

International relocating companies offer comprehensive services including packing, loading and transporting items. If the moving process is long term, these companies also offer storage services during the interim. Insurance is offered directly by the relocating company, and the company will take care of all of the customs paperwork when the items arrive in the new country. Once the items have been cleared through customs, the company will transport them to the new home. Most relocating services even offer unpacking services at the new location.

While relocating is a daunting process, employing the help of professionals makes the transition more manageable.

Malta Property Overview

Malta property boom

Residential construction levels and the price of property in Malta boomed between 2003 and 2004, recording price increases of 20.3% and 13.3% respectively, after a 2003 referendum voted in favour of Malta joining the European Union on 1 January 2004.

Located in southern Europe just off the coast of Sicily, properties in Malta, which comprises an archipelago of seven islands, with a population of 400,000 inhabitants, have long appealed to overseas nationals. This is not just because of the Malta’s intense Mediterranean climate, but also owed to the country’s tax-efficient status; Maltese residents enjoy one of the lowest levels of income tax in Europe.

Demand for property in Malta

But international demand for homes in Malta, which primarily comes from the UK and Scandinavia, has waned over the past year or so. This is particularly the case with “British buyers” largely due to “the fall in the UK pound’s value” against the euro and Maltese lira, says Paul Hay of Malta Homes. The decline in sterling’s worth has significantly increased the cost of buying property in Malta.

Although property prices have fallen, the downturn has been nowhere near as drastic as most other European markets,” adds Hay. However, domestic demand for homes in Malta has been “surprisingly resilient”, says James Vassallo, senior manager, Tigne Point property development.

Vassallo continues: “Reduced interest rates have encouraged fence sitters to engage [in housing transactions] and have made those occasional bargains that much more attractive.”

Malta property prices start to stabilise

Although housing values are still falling in some areas, they have already stabilised in other regions, mainly because most Malta property owners are not so highly leveraged through borrowed money, as say those residing in the UK.

Despite the short-term market slowdown, the Malta property sector could find itself flying high in the medium to long-term, buoyed by growing tourism levels and an ever-increasing number of low-budget airlines.

Malta homes flying high

In 2008, EasyJet, Ryanair and Scandinavian Airlines, all either introduced or increased its direct routes from the UK and Sweden to Malta.

Vassallo adds: “The increased air traffic is certainly good for the island especially in these trying times. Malta is strategically placed between the west and east and the growing importance of North Africa. It appeals to businesses looking to relocate to the Med and over the years business travel has constantly grown.”

Rental investment properties in Malta

While there may have been a fall in foreign demand for Malta homes to buy, Hay says that greater tourism levels are increasing the requirements for holiday homes in Malta to rent.

“From a holiday letting point of view, 2009 appears to be looking healthy, when taking into account the global economic situation, says Hay. “In fact Air Malta recorded one of its most successful flight occupancies for the first quarter of 2009 for some years.”

Vassallo says that some of the best rental returns, albeit it at relatively low yields – approximately 4% – an be achieved by buying property in Sliema, property in St Julians, property in Valletta and property in St Paul’s Bay.

However, it is worth nothing that any foreigner wishing to lease their Malta home out, would have to register their property with the Hotel and Catering Establishments Board, and it can only be rented out on a short-term lease agreement.

Furthermore, non-nationals can only purchase a single Malta property, and usually only for owner-occupancy purposes, unless they buy property in a ‘Special Designated Area (SDA)’ permitting them to buy property in Tigne Point, property in Portomaso, property in Manoel Island, property in Chambray, and property in Cottoenra.

Malta Properties located in a SDA do not face some of the stringent restraints placed on foreigners otherwise wishing to let their Malta homes.

Residency in Malta

One way to overcome the confines placed on overseas nationals is to become a Maltese resident, which would also offer average earners a genuine opportunity to cut their tax bill.

Malta charges no capital gains tax on property sales after three years of ownership, but any local or overseas income brought into Malta is taxable at a rate of up to 35 per cent. However, residents can take advantage of The Maltese Residence Scheme, which charges a flat tax rate of 15 per cent, subject to a minimum tax liability of EUR4,200 (£3,630).

In order to qualify for residency in Malta, Mark Hollingsworth of Hollingsworth International, explains that an individual would have to own assets worth in the region of at least EUR350,000 (£303,000) or earn an annual income of approximately EUR23,500 (£20,400) outside of Malta.

Foreigners moving to Malta have to “remit a minimum of EUR13,950 (£12,00) plus EUR2,300 (£2,000) for each dependent to the [country’s authorities], not engage in any form of business activities in Malta and either purchase or rent property in Malta. A minimum of EUR116,000 (£100,000) would have to be spent on buying a house or EUR69,000 (£60,000) paid for an apartment, otherwise an annual rent of at least EUR4,150 (£3,600) would have to be spent on leasing a home.”

The process of buying Malta property

Anyone who actually goes ahead with a Malta property purchase should find the buying process pretty straightforward. The legal purchasing system in the country presents a relatively safe buying environment.

Deeds are presented upon completion of the property purchase, while the legally binding contracts are presented in English.

Freehold Property Investment in Dubai

In 2002 Dubai made modifications to its constitution and passed the freehold law that allows for the freehold ownership of real estate in Dubai by any foreigner. And ever since then Dubai has become an international hotspot for property and the demand for real estate has exceeded the supply. Having said that there is doubt that at present Dubai is probably the safest bet for making overseas property investments.

Dubai has always been known for extraordinary architectural developments and breathtaking designs, and one such example of architectural intelligence is world’s only 7-star hotel situated in Dubai. Demand for property in Dubai is so intense that property prices have seen considerable appreciation in the last two or three years.

Why the Real Estate Market in Dubai is heating up?

You must be wondering what caused this sudden rush for property investments in Dubai. The main reason behind this sudden increase in demand for real estate in Dubai is the fact that property laws in Dubai allow freehold ownership of land by any foreigner. Property owners can sell or rent out the property whenever they want. Ownership of freehold property also entitles the owner to a 3 year renewable residence visa. But this law applies to only a certain designated areas in Dubai. And the other big reason for this surge in real estate market in Dubai is the fact that no taxes are applied on income or property transactions in Dubai.

The other reason that can be seen as the driving force behind the real estate market in Dubai is the presence of a huge number of multinational companies. And these multinational companies have created a lot of jobs in Dubai; therefore the people working with these MNCs are either opting for rented accommodation or buying their own houses. This has considerably increased the demand for both the rented and owned property and which in turn has increased both the property prices and monthly rentals. Also property investment in Dubai is very simple and requires minimal paperwork, and sales agreement is all that you need to buy property in Dubai.

One of the most popular property developments in Dubai is Damac Heights; the 90-storey splendor designed by top designer house ‘Aedas’. Overlooking the Palm Jumeirah, this 8th man-made wonder offers the most exclusive penthouses, duplexes, 3, 2 and 1 bedroom apartments in the world.

Damac Properties are the largest private master developers in the Middle East offering the most exclusive Dubai Real Estate, Dubai Freehold Property and Dubai Investment Property for sale.

Top 10 Tips For Investing in Isla Margarita

Isla Margarita, the stunning Caribbean island retreat off the coast of Venezuela and off the scale in terms of its outstanding appeal and affordability, is becoming something of a real estate investment hotspot. With accessibility to the island increasing and improving all the time and the numbers of tourists arriving annually increasing as a result, buyers are very well aware that now is a great time to buy in to this ground floor investment opportunity and enjoy the longest period of potential price appreciation.

If you’ve been looking for a genuine emerging market of real estate opportunity, you need look no further than Isla Margarita. Buying in needn’t be difficult either, the purchase process is straightforward, and thanks to tax incentives now is a great time to buy a home, a holiday home, a second home or a pure property investment asset in Isla Margarita.

Here are the ten top tips for investing in this Caribbean island paradise: –

1) Accept that whilst this is a ground floor investment opportunity, not every property you see will make a good investment! The usual three important criteria apply when looking for a good property – namely location, location, location! Because a great deal of real estate stock is coming to the market offering great choice, you need to ensure the property you purchase will be of maximum appeal – therefore it should be front line – i.e., on the beach.

2) Front line is still not a good enough reason to invest in a property in Isla Margarita. The more choice there is the more discerning you need to be because your potential tenants certainly will be if you’re buying to let to the growing tourism market. So ensure your property is within a resort where there are a fantastic array of amenities and facilities for your tenants, or even your own family to enjoy.

3) If you are buying an investment property, because the market is so competitive at the moment some developments and resorts that are well positioned and which come with good amenities are able to offer exceptionally attractive guaranteed rental deals. Hunt these out and ensure that the guaranteed income is the minimum you will receive, so that if your property proves even more popular you will profit even more.

4) Any guaranteed rental returns need to be backed up by more than just promises from the developer! Don’t be naïve when doing business abroad, the best developers on Isla Margarita will have some form of fidelity bond backing up their promises of rental income.

5) Look for freehold title – you do not want to be leasing a property on Isla Margarita when the forward thinking government has gone to great efforts to ensure that inward investment is encouraged by allowing foreign buyers the right to own freehold title to property. Whether you buy an individual villa or an apartment or penthouse within a resort development, insist on freehold title because when you come to re-sell to realise your capital appreciation, you can guarantee any would-be buyers will be after freehold too.

6) Any deposits you make should be held in escrow by your developer/agent or lawyer. As stated, don’t be naïve when buying abroad and don’t think that things have to be done differently. You wouldn’t blithely give away your deposit for a home in the UK or US, so why would you do so in Isla Margarita?

7) Buy the best that your money can afford – if you’re following this guide you’re already buying in the best location, so you now need to buy within the best quality resort or development that you can find in that locality! The best you can afford today should, in theory, go up proportionally in value as values of real estate are likely to rise across the island.

8) Look for developers with a proven track record who stand up well against their peers. You need to ensure you really are buying the best for your money so look closely at who is developing your property and ensure that within their class they rank well, are respected and produce quality real estate stock.

9) If you are investing in property in Isla Margarita with a view to turning a profit from rental, unless you’re going to be living on the island too you need to ensure you have the services of a world-class management and rental agency on hand to manage your property. The best developments available for sale in Isla Margarita offer this option within the resort…it’s a service that can truly pay for itself because of the levels of occupancy it will achieve for you and the stresses it will save you.

10) And finally, Isla Margarita is already a tax friendly island having been tax and VAT efficient and a duty free zone since the 1960s, but certain developments on the island are being specifically offered to investors rather than lifestyle home seekers. A small number of these high-end developments have extra tax incentives in place particularly to appeal to investors. One, the Caracola Beach and Spa Resort, enables buyers to purchase through a Wyoming Limited Liability Company (LLC) for maximum tax efficiency.

As Isla Margarita is so rapidly gaining in appeal and international awareness of the fact is increasing, the investment opportunities on the island are heating up in terms of their attraction and in terms of competition amongst buyers to get in quick and enjoy the longest and strongest wave of potential capital appreciation. If you want to take advantage of this window of opportunity, the above 10 top tips for investing in Isla Margarita should ensure you buy the right property at the right price in the right location for maximum rental income and capital returns.

5 Things to Expect in UK Property Investment Market in 2018

2017 was an eventful year for the UK’s property investment market. The impact of Brexit shook it to core. Those who were planning to attend property auctions in the UK for purchasing second or more residential properties were hit by additional 3% Stamp Duty. The resignation of Mr. David Cameron, the then British Prime Minister, brought Pound down to its lowest financial value in the last 31 years at the international level. This affected the UK’s property investment market too!

This series of events does not seem to be stopping even as 2017 is about to end. The Bank of England has recently introduced changes in mortgage/lending rules. These changes have significantly affected the investment plans of those who had applied for mortgage/loan approval for buying residential properties at house auctions. Now, all financial institutions and lenders are checking all kinds of records of every property associated with applicants’ portfolio. These changes in mortgage/lending rules have really changed the way the UK property investment market operates.

What Else is Expected in 2018?

• 2018 is also going to be a very eventful year for the UK’s property investment market. As for reason, Brexit is likely to strike again. Both the UK and EU have scheduled a meeting in this regard. This meeting will largely determine the picture of the UK’s property investment market.

• In case you are thinking about attending property auctions in the UK for purchasing a residential property, wait for some time and see the outcome of Brexit meeting between UK political officials and EU members. You should play a waiting game even more because the EU is now trying to come up with a plan to put-off Brexit meeting with the UK.

• Looks like the outcome of 2018 Brexit meeting between the EU and UK is a combination of good and bad news for investors. Those who were planning to attend house auctions for selling their residential properties to earn some ROI (Return on Investment), are likely to face a financial loss from 0.5% to 2%. This is a troublesome news for landlords.

• Those who wanted to purchase property in London, can have smile on their face as house prices in London are about to dip. This is a good news for those who wanted to invest in London property. This will also restore the grip the British capital has been losing among investors for the last couple of years.

• But you should not keep your investment plans or vision limited to London property only. Thanks to the massive house price rise in other towns like Manchester, Liverpool, Birmingham, etc. These towns have seen 10% to 17.5% house price growth. Even many investors have now started attending property auctions in these areas of the UK.

What’s the Best Advice?

2018 is all set to be a good year for those who plan on attending house auctions for buying a house in London. But it could be slightly tough for landlords. Thanks to Brexit uncertainty and volatile house prices. Therefore, you are left with no choice but to get in touch with experienced property investment agents in London.

Tidbits of Kolkata Properties

Kolkata, the erstwhile capital of British India is the most important city of eastern India now. It is one of the most populous metros in the country and is the nerve centre of all economic and commercial activities in east India. The city of joy has a very rich culture. The amazing mix of the old and the new can be still found here. The Kolkata properties market is going through a period of growth and the growth curve is going to go further up as per expectations.

The city has one of the robust networks of connectivity, local buses, auto-rickshaws, suburban train services, the circular railway service, the oldest metro service in India and the country’s only city operating the heritage tram services. As far as national and international connectivity is concerned it has eastern India’s largest international airport- Netaji Subhas Chandra Bose International airport and three terminal railway stations – Howrah, Sealdah and Kolkata. Howrah Station serves as headquarter for two zones of the Indian railways- Eastern and South-eastern railway. Maitri Express – the train from India to Bangladesh runs from Kolkata station to Dhaka. Due to the presence of the highways NH2- the Delhi road and NH6- the Bombay road, the city is a part of the golden quadrilateral project – the national highway network which covers all the major cities of India. NH-34, the road to Siliguri is also there. Several arterial roads form a criss cross network through the city. The IT companies and several multinational corporations have started their office in Kolkata. Sector 5 of Salt Lake in Kolkata has become an IT hub. Several infrastructure projects are also going on; especially the broadening of the eastern metropolitan Bypass to make it a four lane road is going to be a major development. All of this has made buying an apartment having 2 BHK in Kolkata a very good option.

While buying a 2 BHK in Kolkata there are other factors also which the buyers need to know. There are various parts of the city where you can look out for Kolkata properties. The northern part of the city is most active and provides a good opportunity to buy an affordable property. The eastern and the western parts of the city are witnessing the development of luxurious projects. While south Kolkata has both affordable and luxurious projects. Like south Kolkata, areas of Rajarhat also have the requirements for low, mid and high income groups.

If you looking for a 2 BHK in Kolkata, then Primarc Allure is definitely a project that should be considered. It is a premium residential project which has been newly launched and is located at Tangra in central Kolkata. The project offers a truly world class and well designed residential units to the residents. The amenities offered include a well-equipped gymnasium, swimming pool, kids’ play areas, power backup provision, treated water supply, CCTV/video surveillance, 24×7 security services, intercom facility, conference room, solar lighting, normal park/central garden. The project is well-connected to the Sealdah Junction Railway Station, Mullick Bazar Bus stop, Esplanade Metro Station. Major business hubs of the city including Tangra Industrial Estate, Kasba Industrial Estate, Infinity Think Tank, and Shilpangan-Light Engineering Park are located in close proximity to the project. Health care is looked after by prominent hospitals like the Columbia Asia Hospital, Amri Hospital, Apollo Gleneagles Hospital, Desun Hospital, Mission of Mercy Hospital, and Assembly of God Church Hospital. Shopping and dining needs of the residents are catered by hotels and clubs such as, ITC Sonar, The Gateway Hotel EM Bypass, Tatvam Residency, Hyatt Regency, Peerless Inn and shopping malls and centers like Downtown Mall, Mani Square, Quest Mall, New Market, and Simpark Mall. The educational institutes which are close to the project are St. James School, Bharatiya Vidya Bhavan, St. Anthony’s High School, St. Joseph’s College, Don Bosco Park Circus, and Patha Bhavan.

What Are Some Prominent Cities for Investing in Property in India?

Buying property in India has become a lucrative business opportunity for many. Although such is the case in developed cities, many are looking forward to investing in residential properties located in upcoming or Tier 2 cities. There are many advantages of investing in cities, which are yet to become industrialized, or expand into sizes similar to those of Tier 1 cities. Before you buy a property in India, it is important to realize the benefits of a low investment price, and a high resale value. All regions of India are filled with destinations property buyers love, but you need a heads up on which cities are doing well.

North India

North India is filled with industrial cities. With an influx of population from various Indian cities, some areas have benefitted from a rise in population. And thus, property prices have been on the rise for the last few years. Many cities in North India have also been among the ones that are recognized as promising Tier 2 cities. One of them is Panipat – with an exciting history, this Haryanvi city is a great investment option for people interested in resale and rental gains.

South India

Capital cities in South Indian states have long been known for developments par excellence in the last few decades. Once a region filled with small towns, it has become one of the biggest destinations for investors seeking property in India. South India is also known for receiving a distinct thrust in population growth. This has caused rental planners and homebuyers to find excellent security for their capital.

West India

Although many cities in western India are known for international connections as coastal cities from ancient times, many inland cities in Maharashtra and Gujarat are now gaining popularity as small towns with immense prospects of turning into mega cities within the next 5-7 years.

East India

Many cities such as in the upper areas of West Bengal, eastern parts of Madhya Pradesh and industrial townships of Orissa are becoming popular for property investors. These cities are typically high-potential low-priced places that can yield great value for the average investor.

Keep in mind that many major cities such as Bombay, New Delhi and the like hold great property value. However, most experts believe that they have reached high point saturation in the price levels. Although you may not lose value by investing in property in India, such cities may be slow in property value appreciation.

Suriname Real Estate Offers Limited, Selective Scope for International Investments

It is the only nation outside Europe with Dutch as the official language, while a local Creole language variation is also widely spoken. The country is truly multi-ethnic, with the other major languages prevalent in Suriname being Hindi, Javanese, English, Spanish, Portuguese, Chinese, and other local tribal languages. Bauxite mining is the major contributor to the economy, forming 15% of the GDP and providing about 70% of its export earnings. Real estate in Suriname is yet to get adequate international exposure.

Tourism, particularly ecotourism, is gaining ground in Suriname due to the exceptional biodiversity in this small nation. About 30% of the land area of the country is protected as reserve areas by the law of Suriname. This leaves very little scope for active international investment in this nation, with the number of Suriname for sale and Suriname rentals offered in the market remaining quite limited.

In spite of this inadequacy, Suriname market provides variety of options for locals as well as international real estate investors. Individual homes and condos for sale or rent, commercial plots and properties, and land parcels are available at affordable rates across the country. The coastal properties are the other major Suriname listings that could be seriously considered. These coastal offerings are available from $650,000 per hectare. The major advantage of these properties is that they are very near to the capital city of Paramaribo.

However, the excessive money-laundering operations going on in Suriname by narcotics dealers and even politicians had made the government tighten monetary laws. All amounts in excess of $10,000 that enter or leave Suriname should be reported to the authorities by the banks and other money transfer agents. Transactions in excess of $10,000 are possible only after getting permission from various government departments.

This makes it difficult for international investors to purchase properties in of Suriname. The prospects of value addition in the next few years are not very clear. When the property is finally sold, taking the money out of Suriname is also a difficult process. Due to the various reasons listed above, in Suriname is languishing without much foreign investment. Only the illegal money launderers and narcotic smugglers are investing their unlawful earnings in hotels, resorts, casinos, and other Suriname for sale and Suriname rentals. It could take a few years for the situation to change to enable international real estate investors to benefit from Suriname real estate listings.

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