Where is the Best Place to Buy Investment Property? - The Best Locations Revealed!

If you are interested in buying investment property, then you are probably interested in earning as much as you can from your investment. This article answers the question, "where is the best place to buy investment property?"

There are so many places that are touted as being the next property hot spot or the next big thing that is going to take the property World by storm, that it can be confusing for the property investor to diffuse all the junk from the real facts.

Over the last 5 years, places such as Bulgaria, Dubai and Romania have emerged as solid places to buy property, that have experienced good capital growth.

Some of the best bargains in recent years have come from countries that have not yet found economic stability. They have been in the middle of a transition or some other huge change. Many have seen governments overthrown or leaders die. Events such as these can often herald the start of a new era in the countries development.

India has been a solid place to invest for years and still continues to be so. If you are thinking about investing in Indian real estate, you will have to decide on whether to go for somewhere like Goa or Delhi, both have strengths and weaknesses. The only way you can make the decision is by being clear on what your goals are and why you want to invest in the first place.

Slovak, Poland, and Czech Republic and are also getting increasing interest from property investors; however, with many of the people from these countries choosing to move abroad you have to ask yourself whether buying there is a good long-term decision. If people continue to emigrate at the rate they have been, in 6 years time are you going to be having problems finding tenants?

If you are still wondering where the best place to buy investment property is then property in Morocco might be what you are looking for. This isn't just because it is economically sound it is also because the king is actively investing, promoting and developing the country and he is actively seeking more investment from foreigners where as certain other countries discourage it.

Somewhere like Spain has lost some of its appeal, largely because of the price; however, Morocco is just a few miles away from Spain and enjoys the same type of weather and the prices of property are a fraction of what they are in Spain.

The one thing that is crucial to you deciding where to buy investment property is first to come up with reasons why you want to buy it, and to establish what your criteria for buying it will be; for example, is capital growth the most important thing or rental yield?

Without first finding the answers to these questions you might never really find the best place for you to buy property since what is someone else's property hot spot, might not be a hot spot for you.

2007 Real Estate Property Investment Prediction Series

2006 has been an exciting year for real estate speculation in many of the world's emerging nations with a good few pleasing surprises emerging from some of the more established countries in the world as well.

Furthermore, as more people become aware of the attraction of real estate as an investment commodity and as an alternative to pension planning for example, so an increasing number of property investors have been born in 2006.

So, in 2006 profits have been made by many investors and these people have reaped the financial rewards of their efforts - but still, don't we all wish that we could see into the future and be able to second guess governments and policy makers' decisions that could affect the economy of a nation or its overall attraction for a property investor?

What if we'd all had a crystal ball that foretold London winning the 2012 Olympic Games Bid - prior to the decision we could all have bought properties in the run down areas of the city that are now benefiting from millions and millions of pounds worth of regeneration investment and we could have made ourselves property millionaires overnight!

Well, the good news is that the forthcoming 25 part 2007 Real Estate Property Investment Prediction Series will offer property investors and potential real estate speculators insight into the likely 2007 residential and commercial property market movements in Australia, Bahrain, Belize, Bulgaria, Canada, Costa Rica, Croatia, Czech Republic, Dubai, Egypt, Estonia, Ghana, Latvia, Malaysia, Malta, Mexico, Montenegro, Morocco, New Zealand, Northern Cyprus, Poland, Romania, Thailand, Turkey and Ukraine.

Each of the single nation focused reports in the 25 part series will cover everything from developments affecting the foreign freehold ownership of real estate in each given country, it will highlight relevant recent, current and future expected or forecast political, economic and social developments likely to affect the attraction of a country's residential and commercial property markets and specific advice will then be given relating to factors likely to create property investment hotspots on a country by country basis.

Finally, each of the 25 reports in the 2007 Real Estate Property Investment Prediction Series to be published throughout December will give speculators, investors and interested readers an overview of the property investment potential of each country meaning that each report is applicable even for an investor at the initial stages of their research into the viability of a given country for their own personal real estate property investment objectives.

Is Bulgaria the Best Property Investment in Europe?

A couple of decades ago, French property was the top choice for people investing their money; old farmhouses, rustic mountain chalets and slick inner-city pads could be picked up for a reasonable price and the market was growing. As the prices rose, the opportunities for buying low and selling high became fewer and further between, and investors began looking to Spain where the boom in package holidays to the Mediterranean coast meant apartments were being built everywhere and rental potential was high.

Now the Spanish property market has also matured and investors have had to look further afield to find places where money could be made. One of the biggest influencing factors to have occurred over the last decade is the expansion of the EU. This has meant that many countries that previously were a minefield of legal barriers and red tape are now much more open to foreign investors.

The fact that several of the new EU states have already, or soon will be adopting the Euro, has also facilitated property investment, as well as sending out a signal to investors saying that these countries are stable places to invest. The eastern expansion has mean that many exciting opportunities for investors have appeared, and there has been a lot of interest in Slovakia, Poland and the Czech Republic; but by far the most attractive country for property buyers has been Bulgaria.

Perhaps one of the greatest attractions for property investors in Bulgaria is the huge choice of real estate to invest in. Those looking for an inner city purchase will find Bulgaria's vibrant capital Sofia, an ideal place to invest, but it has been the ski resorts and beach destinations that have been the biggest draw.

Bansko is Bulgaria's leading ski resort, with the longest slopes in the country and the best snowfall records. The development of state-of-the-art lift systems, combined with a rustic old town with meandering cobbled streets have raised Bansko's profile and put it on the international ski map, making it a very popular choice with investors and meaning most new developments sell out long before completion. Beach-side developments along the Black Sea coast are in similar demand, due to the golden sands, clean and safe water and excellent value property.

However, nothing lasts forever and like France, Spain and countless other property hotspots, Bulgaria's time will come and go; but for now, this Balkan country is being touted as the best property investment in Europe, so get in there while you still can.

Property in Bulgaria - Huge Investment Potential

Bulgaria is a truly magnificent country, located in Eastern Europe with an amazing coastline that stretches over 340km along the Black Sea, with a backdrop of one of the world's most magnificent mountain ranges and the beautiful and historic capital city of Sofia.

Today Bulgaria not only offers one of Europe's most attractive and unspoilt holiday destinations it is also host to what will be one of the most dynamic and as of yet relatively untapped property and real estate markets.

Bulgaria has been invited into the EU and it is almost certain that full membership will start in 2007 creating yet another huge surge in the Bulgarian property market. If you're looking for an excellent investment or a home in the sun then Bulgaria may be a perfect choice for you.

Getting to Bulgaria

If you live in the UK travel to Bulgaria over the past few years has become ever easier. Currently there are a range of direct flights from UK airports flying directly to Sofia in 2.5 hrs. The flights are run by the low cost operators and are priced extremely competitively.

Foreign Ownership of Bulgarian Property

The current property laws may at first seem a little confusing with a ban on foreign ownership of land but an OK to own buildings! Before you start to worry about needing helium filled balloons to hang you property from avoiding the need for any land, there is a solution.

The solution to current property laws in Bulgaria

It is possible to by land via Bulgarian company incorporation. Currently incorporation costs approximately 650.00 GBP. Also other points to note are as Bulgaria prepares to become a full EU member in 2007 it will begin to harmonise its property laws with the EU and also if you decide to by a new property off plan then you will not require company incorporation.

Property prices in Bulgaria

Older properties and especially those in need of restoration seem to have quite a varied pricing structure and if this is what you want then the best bet is to fly over, get your haggling skills up to scratch and you should get a bargain. New off plan costs currently start at around 20,000.00 GBP for a small studio apartment to 120,000.00 for a large luxury 3 bed apartment with best views, facilities and build standards. Chances are that prices will rise significantly between now and 2007, therefore if you're serious about Bulgaria there's no time to loose if you want the best from your investment.

Be quick but don't rush

Acting quickly to get the best property investments is one thing, not taking the time to get full legal advice and understanding of every aspect of the contracts you sign is another. I would always advise you to be careful when purchasing abroad, make sure that you fully understand contract details, payment details and land ownership. If contracts are produced in a language that you don't understand then insist on getting them translated before signing. Buying overseas can be an exciting and profitable experience by taking your time to understand the buying process you will ensure that your property purchase in Bulgaria is a happy and enjoyable experience.