Where to buy in 2011?
The UK, Brazil and Turkey are being tipped as safe and high yielding prospects for investment in 2011.
As traditional locations such as France, Italy and Greece continue to feel the harsh effects of the economic downturn we believe that it is mostly non-Eurozone countries that are likely to attract attention with Britain because of falling prices.
Property prices have continued to fall dramatically in some parts of the UK but in towns such as Edinburgh they have remained level and have actually increased in London. Investing in land opportunities in the UK is also seen as a low-risk investment – UK Land has, over the years, provided better capital growth opportunities than most share options, hedge funds, investment trusts or equities, and its low risk aspects make it even more appealing.
With the election of Dilma Rousseff in Brazil, President Lula da Silva’s chosen successor, optimism remains high for the country’s market. Leading holiday rental site, HomeAway.co.uk, reported a 71% increase in booking enquiries for Brazil during the second quarter of 2010 and a number of new residential developments are starting construction in order to meet buyer demands. Don’t forget that the Olympics and World Cup are fast appearing on the horizon for Brazil.
Many industry leaders are also tipping Turkey to continue its dramatic rise in popularity. All locations are in beautiful areas of the country and prices are rising by 20% each year, add to this the relative ease of investing in the country and you can understand the attraction. We fully expect Turkey to keep on growing through 2011.