When looking at overseas property you need to first be careful in the country you pick to invest in and you also need to be careful in terms of location. Let's look at some points to consider and a great destination, recently voted one of the top ten in the world.
How to Choose a Country
The first is not to go for the next property hot spot, but go for one that is already showing solid growth. Sure plenty pioneers got rich by being first, but keep in mind many got the arrows to!
Most new emerging markets simply don't give good returns and they never live up to the hype.
The fact that a property 'may' produce good returns is not as good as 'it is' producing good returns.
The other two main criteria to consider are:
1. The price of houses now in terms of value against growth.
There is no point in buying overseas property when houses have already exceeded fair value or where there is an abundant supply. You need a tight market with the potential for growth.
2. The ease of buying and protection you will receive under local law.
Many people who get involved in overseas property investment don't pay enough attention to this point and find out their rights are not quite what they thought they were!
A great destination to consider an overseas property investment in is Slovenia.
This small compact country borders North Italy and Austria and is much cheaper. Slovenia is a member of the European Union (EU) joining in 2004 and has the fastest economic growth of any new member.
The country has robust economic growth and a shortage of high quality housing.
Prices in many places have been rising by up to 30% per annum and a recent survey has forecast growth of up to 300% in the next ten years.
As a country Slovenia is offering investors good solid returns on their investments and it's a country any serious overseas property investor should consider.
How to choose a location
While of course the location in terms of the country chosen is important, so to is the location within the country itself.
Slovenia offers a lot of different destinations that are great value and the one you choose is really down to whether you want capital growth, income or a mix of both.
The capital Ljubljana still offers some good value properties but the real bargains are to be had in or near the expanding resorts, as Slovenia's tourist industry starts to boom.
There are plenty of specialist estate agencies to help you find the best properties that suit your needs. In Slovenia you will find that property is good value, the buying process is straightforward, secure and the future prospects in this undiscovered corner of Europe are excellent.
