- August 2008
- New rent formula confirmed for property in Dubai - 20-08-2008
- Moroccan Sands to bump Moroccan Property into the Premier League - 20-08-2008
- Major development within Dubai Waterfront and Dubai Maritime City - 19-08-2008
- New Flights to Hurghada, Hotspot in Egypt - 19-08-2008
- New plans for hotels in Bangaluru and Goa and projects in Morocco by East India Hotels Ltd - 18-08-2008
- Sheffield's Real Estate contract awarded to Tepe Akfen - 18-08-2008
- Increasing Tourism to Egypt Causing Property Investment Boom - 15-08-2008
- Forty Percent Increase in Property Prices in Dubai - 15-08-2008
- Optimistic view of the Dubai property market - 14-08-2008
- Morocco Becoming A New Property Investment Hotspot - 14-08-2008
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RENTAL BUYERS URGED TO CONSIDER INVESTMENT PROSPECTS
Wednesday, 02 Apr 2008
Investors in buy-to-let accommodation overseas have been advised to consider the state of the market in their chosen location.
According to the Sun newspaper, property buyers should look at how much competition there is in a certain area.
This, it stated, could affect how much rental income they are likely to generate, which may be an issue if investors want this money to cover their costs.
However, the newspaper also recommended that people take into account how the market is likely to develop in the future.
For example, it said that if it is a growing tourist hotspot with a limited supply of rental accommodation, an investor's property is likely to be highly desirable.
By contrast, an area with a surplus of tourist lodgings is likely to experience less growth and generate smaller returns.
The advice comes shortly after investment buyers were encouraged by BuyAssociation to make sure they have an exit strategy if they wish to sell their property on at a profit.
Property Select offers a comprehensive selection of overseas property, news, members club and reviews of the latest property developments.
You might also like to read:
- First-time buyers look abroad - 04-04-2008
- Expats seek reduced living costs - 03-04-2008
- Airport to trigger growth in Spain - 03-04-2008
- Spain still has investment opportunities - 02-04-2008
- Mainland Europe opened up to north-west England - 01-04-2008
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