The Rosseau, Canada’s first JW Marriott Resort & Spa, opened on December 22nd in Muskoka, Ontario.
Known as Toronto’s “Hamptons”, Muskoka has been attracting celebrity visitors for over 120 years. In recent years, Goldie Hawn, Kurt Russell, Tom Hanks and Steven Spielberg have been drawn to the area’s rugged terrain and crystal clear lakes, along with many Canadian and international holidaymakers.
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Egypt is once again on the map of overseas property investors after Sam Zell listed the country as one of the top three property investment destinations worldwide. Zell who made billions back in 2007 when he sold his Equity Office Properties portfolio to Blackstone for an estimated $38 billion also mentioned Brazil and China as hot contenders for the run of hottest investment opportunities worldwide.
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Wednesday, December 24th, 2008
Posted by Overseas Property Mall in
General
We would like to wish you all and your families a very happy Christmas and all the best for the coming year! If you do not celebrate Christmas then have a good week anyway!
Imagine buying a raffle ticket in a bid to win a property? While this might sound strange to some, it isn’t to the many American property owners who have engaged in this kind of practice to move their properties into new hands.
With the current situation in Singapore where many new developments are expected to hit a very slow market, property raffles might just become the next big thing since the sliced bread.
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Abu Dhabi’s real estate sector, appears to be showing a promising future as strong demand is expected to outstrip supply over the coming years. Rental grow rates of up to 65% over the last 12 months have resulted in a very low vacancy rates of 1% which is excellent.
One downturn of Abu Dhabi’s growth is the property price hikes home owners experienced in 2008. Prices overall have increased by 89% which has consequently resulted in reduced rental yields. Abu Dhabi is at the top of the regional chart when it comes to real estate, making it the most expensive city for rental and purchase in the UAE.
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As the US real estate market continues to perform in a depressing fashion, home owners in Canada are also starting to feel the bite of the turmoil. It is estimated that on average, resale prices have dropped by 9.9 % to US$ 220,302 from October 2007 to October 2008.
With average increases of around 11% in the years 2006 and 2007 this is not good news for Canadian home owners. When we look at the Canadian GDP it is clear that the country is sitting on the edge of a recession.
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From February 2009 foreign investors in Croatia can take advantage of the new real estate law that will grant them the same rights as locals.
Up until then foreigners can only buy Croatian real estate on the basis of reciprocity. This depends on whether the home country of the investor has an open real estate market, or as a legal entity (a firm).
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The Urban Land Institute’s Emerging Trends in Real Estate have established themselves as a reliable source for information when it comes to our property investments overseas.
Their latest 2009 report for the Asia Pacific region clearly states one mantra loud and clear:
Focus - Focus - Focus!
Due to the global property market investors are well advised to be picky about where they invest their money and with whom. If you are familiar with a particular real estate market you are also advised no to stray due the volatility.
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