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In order to get the best out of this site, the first thing you need to do is to ask yourself the question, ‘why do I want to invest in property in one of Europe’s emerging markets?’ If you don’t know the answer to this question now, you’re likely to waste a lot of time and effort reading stuff that is not going to be very useful to you.
Here are the three most likely reasons why people are interested in buying property in an emerging market: 1. I’m looking for somewhere warmer to retire to. I haven’t got too much money and I know that the cost of living is a lot lower in these countries.
| Hmmmm, are you really, really sure that you want to do this? It’s true that property prices and the cost of living are a lot, lot lower in these countries than they are in the UK, France or Spain – especially if you stay away from the tourist hotspots. The downside to this though is that you’re not going to have anywhere the same kind of amenities that you’re used to at home – not so many other expats, no local food, limited English language TV, dealing with plumbers or electricians becomes a major difficulty, not so easy to fly back home to see friends and family and, perhaps most importantly for retirees, medical care is likely to be pretty basic. Don’t you think maybe you’d be better off in Spain, France or just staying at home? Around one in three people who decide to emigrate abroad end up coming back after a while. Think long and hard before making such a major commitment. You don’t want to add to these statistics. Not put you off yet? Have you got a great sense of adventure? OK, good for you! But we would recommend that you have a trial run first before committing yourself to investing much of your life savings into buying a property. |  |
Get yourself a rental property in the area that you’re interested in living in and stay there a month at least to make sure that it becomes a little routine and isn’t just an extended holiday. Also go at the worst time of year – not the best. Not only will rental prices be at their cheapest, but it also means that you won’t be looking at the place with rose-tinted spectacles.
Still interested in finding out more about your options? Click here to learn more …
Life’s a beach >>>
2. I want a bit of everything – somewhere to go on holiday to regularly, somewhere I can get good rental incomes when I’m not using it, plus good growth in property values. Yes, we can certainly help you with this (some people call this type of investment 'live-and-let'). You’ve probably already discovered that Spain, Portugal and the south of France are no bargains any more, but the resorts of South-East Europe and North Africa can provide you with sun, sea and sand together with good appreciation. Click here now to compare all your different options … Life’s a beach >>>
3. I want to become rich, rich, RICH beyond my wildest dreams!
Now you’re definitely talking our language! While it is possible to make good returns from seaside properties, we believe that, if you are purely looking at property in emerging markets from an investment perspective, you are probably going to be better off buying in capital or major cities, and we’ll explain the reasons why here … City Slickers >>>
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