Non-eurozone countries have been named as the best destinations for investment in 2011. The UK, Brazil, Turkey and Morocco have all been tipped as being safe, high-yielding prospects for real estate buyers in the coming year.
According to property portal Experience International, eurozone destinations will continue to feel the harsh effects of the economic downturn, while other non-euro countries are set to flourish.
Overall, during 2010 levels of property investment rose compared to 2009 with savvy investors capitalising on the bargains available as the property cycle reached its bottom. Below market value residential developments sold quickly, as did properties with rental guarantees and finance packages, as buyers sought security and minimal monetary exposure, the holiday home portal explained.
This more cautious approach to purchasing property is set to remain
throughout 2011, with the UK, Brazil, Turkey and Morocco all named as countries that are likely to draw the attention of buyers.
- Friday 19 November 2010