Guides and Tips

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Renting out a holiday property is an excellent way to help cover some of the operating costs, and if carefully managed, having the property in regular use can even reduce its maintenance costs. However, many people go into it wearing blinkers; thinking that it’s as simple as taking a few photos and sticking it up on the big holiday rentals sites. It isn’t. And many people come unstuck and end up miserable as a result of this miscalculation. Running a successful rental property is hard, here are some steps you can take to help ensure your success:

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Off plan property overseas — property that is purchased from the plans of a new development, which are sold from before even the first foundation has been dug — has the potential to be one of the most lucrative investments a person can make.

Unfortunately it also carries a certain amount of risk and this has come to the forefront over the past 6 months to a year, because of all the cancelled and postponed developments around the world as sales plummeted because of the credit crunch sparked by the collapse of the American banking system and property markets.

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easy-jet-fly-to-let At the beginning of last year fly-to-let was all the rage, as it had been for the 2 years previous. For those who don’t know, fly-to-let is a play on the words buy-to-let. Buy-to-let is buying a property with the sole intention of letting it out for a profit, and fly-to-let is doing this abroad. Look here for a more detailed explanation of Buy to Let.

In most buy and fly-to-let transactions the aim is that the income from the rentals of the property will cover some or all of the mortgage repayments. Buy-to-let landlords who buy properties in their own country will want all the repayments covered, whilst fly-to-let owners can balance how much of the repayments are covered with how much they want to use the property for their own holidays.

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More and more foreigners, coming mainly from the US and Canada but others coming from Europe and other areas, have been buying up Mexican property despite economic turmoil and uncertainties in most parts of the world. Sales of both restricted as well as non-restricted property have been continuous in Mexico and more and more people are seeking expert advice on foreign investments and foreign home ownership in this tropical country in general.

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China’s property laws are not easy to see through if you have never been there or are not familiar with local laws and customs. On our journey through the online world of information we came across many contradicting messages and while trying to sort through all the stuff we came up with the following information. To stay true to all the sources we have quoted many and hope the result is a somewhat informative guide to buying real estate in China.

According to a recent report by WorldBank, 120 cities and regions within China have been surveyed for their overall investment climate.

Taken into account were differences in the importance of state-owned enterprises (SOEs) in local industries, over staffing of labor, firm access to bank loans, confidence in protection of property and contract rights and overall adequacy of local transport and power.

Back in April we posted about the Malaysia Property Time Train. In this article we mentioned the possibilities of an economic stalemate, affected by outside forces more or less. Crude oil prices, interest rate hikes and other factors could well influence the market as it was.

Well, fast forward a little bit over two months later and the Malaysian property market looks unaffected. Hailed as one of the strongest markets in the world right now, Malaysia is still attracting an influx of developers and investors looking for the property mekka.

With an expected appreciation of around 15% over the next two years, current buyers seem to be in the right position for future growth.

Therefore we thought it a great idea to showcase a property buyers guide to Malaysia, helping you to understand what needs to be considered when buying into Malaysian real estate.

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Fly-to-let Landlords have dealt with some pretty nasty events while renting out their property overseas. Every now and then we hear horror stories and some of them are reason enough to ruin the fun for good. While most tenants are as good as gold or close to, landlords can never be too careful with regards to protecting their own rights.

We have compiled a list if ten tips that will help you to stay on top as a fly-to-let landlord so you can sleep better at night. We hope they can serve as some kind of guideline. However, since every country has their own rental laws you are well advised to check legal issues with a lawyer before you become a landlord yourself.

Malaysian Buyers Guide - Overseas Property Mall

Where to Look

Kuala Lumpur is in a class apart as the country’s business capital and definitely the focus of most activity in residential, retail and office real estate. The city’s central business district is currently undergoing rapid change. However, KL’s long term prospects are not guaranteed despite all the activity. Singapore (pop. 4.5m) is only as far away as London is from Paris and this proximity means that Kuala Lumpur only has Malaysia (pop. 27m) as its hinterland. Given that KL and the KL – metropolitan region’ have populations of 1.8m and 6.9m respectively, it seems unlikely that the city can surprise by growing into a different league, either in terms of wealth or size. However, genuine friendliness and cooperation between the two countries could herald impressive new opportunities. WTW’s (CH Williams, Tahar & Wong) series of annual property reviews provides a good breakdown of developments around the country.

Kuala Lumpur Skyline

There is no doubt that Edmonton, Canada has seen some spectacular increases in property value over the last ten years. 200%+ in fact. But will this continue and what is Edmonton’s future prospect as a property investment? As usual, the analysts and estate agents disagree.

What caused the real estate boom?

Oil. Oil was discovered in Alberta in 1947, much of it concentrated in central and northern Alberta, making Edmonton the base for much of the oil industry. Edmonton did see a drop in values during the 80’s, but made a full recovery very quickly thereafter. Nevertheless, Edmonton’s continuing growth is based heavily on oil extraction and processing. the Conference Board of Canada’s ‘Autumn 2007 Metropolitan Outlook,” forecast that Edmonton’s GDP for 2007 will be $44.1 billion (2007 dollars), a 3.6% increase over 2006.