International property investment advice from our expert Alan Forsyth
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Posted on 20 March 2007
Czech Republic and Morocco Looking Good
Hi,
Hope all your investing is going well.
Czech Republic is looking an excellent investment right now – with prices rising in Prague as demand still outweighs supply and the mortgage market opens up even further. Locals and investors alike are attracted to the excellent value, and with VAT being added next year on new builds we feel this is an excellent time to invest in Prague, the 6th most popular city in Europe with a booming local economy.
Look to the outskirts or Prague and Brno, the second city for some excellent value.
Morocco is set to be the top overseas summer hotspot this year, new research has revealed.
According to Rightmove, Morocco is one of the fastest-growing destinations for both property investors and holidaymakers.
Lush gardens, olive groves and palm trees, as well as medieval alleyways and vibrant market stalls, all make Morocco a favourite for tourists, which is why investors are starting to invest in property for renting.
The property firm found that flight bookings to Marrakech rose by 295 per cent last summer compared to the previous year.
"Flight fares to Morocco have dropped dramatically", commented spokesman Justin Figgins.
"This makes the destination a more attractive investment prospect for those looking to cast their nets further afield in search of a holiday home that is a little out of the ordinary."
Rightmove also revealed that average property prices in Morocco currently range between €100,000 and €125,000.
The Independent recently reported that a record number of Brits are buying property in Morocco and enjoying capital gains of at least 20 per cent a year.
Many investors from Ireland have seen huge capital growth recently – with 38% growth last year in N Ireland alone, and terraced properties now costing over £150,000 - and due to this are looking to more affordable areas – many are looking to emerging markets, and many are looking at affordable property in the UK, namely Scotland and the North of England – expect these areas to continue to see above average capital growth over the next 3 years.
Have a good week,
Regards
Alan
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About Alan:
Alan Forsyth is a full time property investor from the UK. He runs the website www.property-investment-tips.com
which gives free, independent investing tips to investors. This site, www.property-investment-deals.com is designed to run alongside
his original website, and will give in more detail his recommended property deals, and full details/pictures of any new deal on offer.