International property investment advice from our expert Alan Forsyth
Latest Property Investment Advice
Brought to you weekly by our international property expert, Alan Forsyth.
Posted on 21 May 2007
Secondary Cities in Emerging
Markets
Hi All,
Hope you are well.
I have had a busy few weeks as busy as ever in Uk and in Czech Republic working on some large deals – I hope your investing is going to plan this year.
Secondary Cities in Emerging Countries
I am a big fan of some of the emerging countries in Eastern and Central Europe, but would suggest you often look to the secondary cities. It is too easy just to focus on the capitals but there is often more value in the 2nd and 3rd largest cities in these countries and less hype.
Some capital cities can get extremely hyped up and see large amounts of foreign investment leading to hype and speculation on price which the local market cannot sustain. Capital cities will clearly always see the highest prices – but when looking to countries like Lithuania, Czech Republic and Poland I would look to the secondary cities for the best potential right now.
Investing Strategies
I see many investors over the year – and many of them telling me their plans for the year when it comes to property.
One of the big reasons many investors do not hit their targets is down to lack of focus or clarity or getting distracted!
For example if you believe you will hit a target by a certain time – make sure you plan effectively to do this.
Too many investors get distracted by completely different types of investments, or allow themselves to have moving targets.
I see many investors plan to buy 5 properties over a year – but then stop at 2 or 3. The difference this can make in 3-5 years time is quite staggering – it could quite realistically make the difference between retiring at 50 instead of 60!
Why do some investors allow their targets to move or get distracted?
Unfortunately some investors want to go for the get rich quick scheme, and can get distracted by some slick marketing and properties that do not give them the capital growth required, or get distracted by every day life…..to achieve your goals, you must write them down and regularly review. Over the medium to long term the right property, bought where there is local demand and local affordability and leveraged, will provide outstanding returns.
On our workshops we show how you can realistically turn £50,000 and deposits for 4 properties into a portfolio of 34 properties, with over £450,000 of equity after 5 years. As this compounds over 10 years, you can imagine what returns you can achieve. Pretty powerful! If anyone saw the Sunday Times rich list a couple of weeks ago, they would have seen around 30% of the people within the list had made their money from property.
So ensure you set your goals, and keep focused on them.
If you have any questions on this, email us at info@property-investment-deals.com
All the best
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.