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Real estate in far-flung destinations proved to be hugely popular in February on TheMoveChannel.com, with exotic locations dominating the top 10 list of hot investment properties on the site...
What is immediately obvious from this month’s top 10 is the surprising absence of Europe’s top real estate markets. The likes of France, Spain and Italy have been cast aside as investors continue to take calculated risks on cheaper properties in emerging property markets across the globe.
This month’s top property came from Cyprus, which is currently making its mark in the property investment world. Indeed, the recent RICS European Housing Market Review revealed that Cyprus was one of only two European countries to achieve higher house price inflation in 2007 than in 2006.
Rising investor confidence in South American property market was reflected in the chart, with four of the ten properties coming from Brazil, Argentina and Panama. Such results should come as no surprise though, given Brazil’s new status as the world’s biggest emerging market (Morgan Stanley Capital International (MSCI) Global Emerging Markets Index) and Panama’s exciting new property tax regime.
To view the full chart, along with comment and analysis, please visit the Investment Property section of our website: http://www.themovechannel.com/articles/viewpoints/108-13-2.asp
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