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Added 25/11/08
Positive international property
market predictions for 2009


Overseas property investment news - Fly to let
The financial landscape in 2008 has been dominated by dramatic declines on stock markets and currency crashes. This has resulted in instability in many nations' economies as the very fundamentals upon which stable economic practices are built have been undermined.

However, in certain specific corners of the world, there are positive predictions for key property markets in 2009.

According to Agence France-Presse, one nation where there is intense international investment commitment supporting a construction and real estate boom is Tunisia. In a recent report the news agency highlighted the fact that the government's pledge to change the law to allow foreigners the right to buy freehold property in the North African country has brought corporate investors and real estate developers from locations such as Dubai and Bahrain.

Steve Worboys, MD of Experience International said: “For an individual buyer looking for their own reasons to enter the property market in Tunisia, the nation's tourism potential really makes it worth closer inspection.”

Experience International handpicks property development projects for Fly to Let investors and in Tunisia they have chosen The Dunes at El Kantaoui as being of maximum interest and potential for 2009 and beyond.

The apartment development has a beachside setting in a prime residential area close to Port El Kantaoui. Facilities include a 36-hole golf course, a marina, restaurants and world-class spa facilities. Prices start in the region of £20,000 for a studio apartment making this an ideal entry-level investment.

The second market that's making the headlines for 2009 in terms of positive potential is Egypt. The World Travel and Tourism Council (WTTC) is predicting annual gains of up to 7 percent for the next decade and favourable tax rules are another reason that Fly to Let investors are being drawn to Egypt. Experience International says a particularly interesting project for investors is Oasis Marina in Hurghada. It is located on its own private Red Sea beach, and has a range of swimming pools, a spa, diving and aqua centres and a children's club. Prices start from £35,873.

Cape Verde is the third market under the spotlight for investors looking for the next big thing in 2009. Dubbed ‘the hidden Caribbean’ by a Lonely Planet writer, this archipelago of islands enjoyed annual tourism gains in the region of 15 percent between 2004 and 2007 and the WTTC are predicting annual increases of up to 6 percent in the next decade. Worboys said: “We are only just beginning to see the tip of the property investment iceberg in Cape Verde, the predictions for this marketplace are exceptional both in terms of capital appreciation and year round rental returns.”

Dunas Beach Resort on Sal combines frontline sandy beaches on one side, and frontline golf on the other. Located just a short walk from the centre of Santa Maria where there is an extensive array of beach clubs, bars and restaurants. All apartments and villas have amazing tropical views. The on site facilities include a commercial centre, a spa, pools and gymnasium. Apartments start from £71,452 and detached villas from £214,456.

The final market that has made a comeback for 2009 is Bulgaria mainly through its improving winter sports resorts.

According to a report in the Daily Telegraph, Bulgaria's ski resorts such as Borovets are among the most affordable and therefore popular for British Fly to Let buyers.

Borovets Gardens for example is a luxury, gated studio and apartment resort set in a pine forested mountain location. It has facilities such as a fitness club, sauna, restaurant and bar, and properties start from £39,041.


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