Real estate has the potential to be one of the most profitable investments in 2013 particularly in countries that are less affected by economic problems such as the USA and Turkey
(PRWEB UK) 20 February 2013
Real estate investment firm Colordarcy say investing in overseas property can be a step into the unknown so it is useful to have some kind of plan to help avoid some of the traps that might be waiting for unwary investors. This is certainly true considering how perilous the situation is with European banks as highlighted in the Financial Times, (1 February).
Loxley McKenzie Managing Director of Colordarcy commented, “Real estate has the potential to be one of the most profitable investments in 2013 particularly in countries that are less affected by economic problems such as the USA and Turkey.
However, properties need to be chosen wisely and this means areas that offer something extra beyond market hype. It is even more the case today that you will find good and bad investments in any location.”
Developer incentives can sometimes distract investors from the main goal of property investing, which is to make money according to experts at Colordarcy.
There may be temptations like furniture packs and special discounts that can sometimes lead inexperienced property investors into thinking they have a good deal. However it is important to look beyond those incentives according to the firm and into things like the locality and the rental potential.
McKenzie added, “Investors uncertain about their investment goals can be seduced by these attractions on the outside and lose track of their aim, which is to make money from property.
In countries where there is a desperate need to sell off excess stock such as some areas of Spain and Portugal, investors could end up purchasing a property that is far away from a safe investment and end up trapped.”
According to property investment experts at Colordarcy, what appears to be the easy option often isn’t. Making a return on investment with property is focusing more on the numbers.
The ideal investment property will be in a place where there is tenant demand and capital growth potential. In these areas there will be no need to dress up an investment to look nice.
Colordarcy also advise that before investing in property, it is sensible to make sure that mortgage payments and other costs of ownership can be covered comfortably.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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