Overseas Property Investment

Hotel Groups buy in Australia

2009-10-23T07:37:00.000-07:00

DSR Asset Management report that Investors large and small are flocking to Australia looking for investments with security and good returns.

In one of the few hotel transactions to occur in Australia 2009, the Holiday Inn Adelaide has sold to Malaysian group, Hotel Grand Chancellor, for approximately $35million.

“Despite the current economic climate, the Adelaide hotel market has continued to perform well relative to other capital cities,” said Mark Durran of Jones Lang LaSalle Hotels’ “With these solid market fundamentals, the purchaser was attracted to the re-positioning potential the hotel offered though a refurbishment and expansion of the guest room inventory.”

The sale of the Holiday Inn is one of just a few major hotel transactions in Australia to occur this year. To-date there have been total hotel sales of $366million with the most notable deals including the Courtyard by Marriott North Ryde, Hyatt Regency Adelaide and Park Hyatt Canberra, all of which were negotiated by Jones Lang LaSalle Hotels.

David Redfern, of DSR Asset Management added “We have seen the volume of business in Australia growing month on month during Q2 and Q3 of 2009. Australia is becoming a “must have” addition to everyone’s investment portfolio”

DSR offer investments in a variety of locations in South Australia.

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About DSR Asset Management

DSR Asset Management is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.

Canada’s Housing Market is awe inspiring”

2009-10-23T07:36:00.000-07:00

"The awe-inspiring rebound in Canada's housing market just keeps rolling along," said BMO Capital Markets deputy chief economist Douglas Porter.

National home sales soared 18 per cent, year-to-year, in the third quarter to a total of 135,182 units, on an unadjusted basis, and average prices rose 13.6 per cent in September from a year earlier to $331,602.

Seasonally adjusted home sales activity now stands 48 per cent above the low reached in the fourth quarter of 2008, The Canadian Real Estate Agency (CREA) reported, a fact that might have prompted Canada's major banks to hike mortgage costs this week to a posted five-year fixed rate of 5.84 per cent.

At the same time, September listings of homes for sale posted the largest decline in more than six years and are down 16 per cent from one year ago, resulting in a very healthy imbalance in supply and demand.

“Firming home prices and an improving economic environment should eventually lure back more sellers and restore a healthier market balance," said Martin Foster of DSR Asset Management, "but for now expect continued upward pressure on prices."

Canada's hot housing market may have more room to run as buyers scramble to lock in at low rates, but a lack of supply is driving up prices. Enquiries for DSR’s land plots and homes in and around Montreal are at record levels.

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Luxury Living in Langkawi : The Land of All One's Wishes

2009-09-02T07:24:00.000-07:00

Malaysia property has been relatively unscathed in the global investment property according to the independent Global Property Guide for 2009 which shows the region is 9th out of 91 territories, currently yielding average rental incomes of over nine per cent.

Described as Malaysia’s best kept secret, Langkawi is the largest of 99 archipelago islands situated 30km off the west coast of Malaysia. With a particularly benign climate and stunning environment it is surrounded by pristine white sand beaches, coral reefs, limestone coves and minor islands with crystal clear waters. Inland is mountainous, covered with ancient rain forest and riddled with bat caves and tunnels. The great majority of the island’s residents speak English.

Recognised as one of the most stunning resorts in the world by the cognoscenti it boasts 5* hotels, excellent shopping, superb multicultural cuisine and caters for a wide variety of interests and activities including sailing, diving, golf, exploring and all manner of extreme sports. Nature lovers will find it teeming with tropical flora and fauna. The marine biology is particularly diverse.

Since 1987 Langkawi has had duty-free status and this has encouraged tourism. However, development on the island has always been strictly controlled. Furthermore it was designated a UNESCO World Geopark in 2007. Quality real estate will therefore be in supply, and is set to be in increasing demand now that direct flights from major cities like London are making the Langkawi experience more accessible.

DSR Asset Management . have a number of exclusive properties on the island available for sale in 2009. Malaysia's leading heritage architect, commissioned specially for this sensitive project, has specified the finest natural materials to create Villas with a traditional/contemporary Asian design in harmony with the landscape. Properties all come with private swimming pools, and interiors are finished to the highest standards using local hardwood and marble. Roofs are concrete-tiled to blend with the vernacular architecture.

As well as securing a residence in one of the most sought-after locations in the world, purchasers can have their property fully managed by a local hotel group with the potential to generate healthy rental income.

About DSR Asset Management

DSR Asset Management is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.

David Redfern is the director of DSR Asset Management an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR. education programme which lectures individuals and organisations on property investment.

Canada’s Resilient Property Market

2008-07-17T08:18:00.000-07:00

It wasn’t so long ago that when the US caught a cold, Canada caught pneumonia. But Canada’s financial prudence has helped it sidestep the sharp home price declines being experienced in countries including the US, Britain and Spain.

In the past decade, prices of existing homes in Canada have risen by about 55 per cent, while new-home prices have risen by about 27 per cent. Most economists are forecasting a small increase in prices this year despite the turbulence next door.

It is indeed a much different story in the US, where home prices dropped by 14.1 percent year over year in the first quarter of 2008; a record price decline occurring five times faster than the last US housing recession.

But unlike the US, Canada’s housing boom was the result of supply catching up with pent-up demand that followed the downturn of the late 1980s and early 1990s. And the country’s conservative mortgage culture has helped protect Canada from the excesses seen during the US boom where subprime mortgages have crunched the market.

Canada is in fact posting a very different scenario. And Sheryl Kennedy, Canada’s central bank’s deputy governor, said this week: “The Canadian housing market does not appear to be characterized by excess supply at this time. The proportion of unoccupied, newly built dwellings in most cities remains below historical averages, suggesting that a major widespread reversal in house prices is unlikely in the near term."

David Stanley Redfern has two properties in Canada. The Rouge River Development is part of a resort voted best in Quebec eight years running. Investors can choose from a selection of land plots on which to construct a custom designed property or new lodge or chalet. Around 100 miles of the Rouge River runs through the resort, with fantastic trout fishing, kayaking, canoeing and white water rafting. While a 100 mile bicycle track weaves through the forest along the river bank, through the woods. In winter the bicycle track becomes a cross country ski and skidoo trail.

In Toronto, David Stanley Redfern, has a new property designed by world renowned architect Peter Clewes. The Pier at Queens Quay is an innovative pair of 12 storey towers topped with a three level bridge containing dramatically different penthouse suites.

All units will have a large balcony, or terrace, and residents will have access to extensive indoor and outdoor facilities including swimming pool with cabanas and panoramic views of the lake.

Toronto is one of the only places in the world where rental yields rise in line with property size, and Canada is the only established market in the world which has average yields of around 8 percent.

Find out more about property Canada and buying property in Canada.

About DSR Asset Management

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

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Invest in Albania's Long-Term Growth and Stability

2008-07-16T07:04:00.000-07:00

Albania's government has told the International Herald Tribune that it has taken out a 66.2 million euro loan from the Japanese government to modernise and overhaul its canal system and build a sewage treatment plant. The deal, which gives Albania a forty year period to repay the loan, was signed June 30 2008.

This is just the latest in a series of major financial commitments made by the Albanian government, including a 25 million euro loan from Austria at the beginning of last month to help Albania meet its requirements for EU entry, and another major loan taken by the Duress port authority from the European Bank for Reconstruction and Development to renovate the existing quays and build a new terminal at Albania's largest port.

All loans taken out by Albania are directed at improving the country's infrastructure with a view to aiding its flourishing track record for economic growth, which has been almost constant since it left Communism behind in 1992. It is a testament to Albania's economic performance since 1992 that it is taking out loans as oppose to receiving grants, it has had the economic power to take out such loans since the World Bank upped its designation to a middle-income country in 2007.

The Albanian government has an exemplary record for managing the country's economy, maintaining strong growth while keeping inflation low. The fact that it is taking out these major loans is a major indication of their forecast for the Albanian economy, which they clearly expect to continue growing strongly. And they are not the only ones; David Stanley Redfern's head of international research, said:

"Albania is one of the best places in the world to make a long-term property investment, not only is the government proving their competence time and time again by generating substantial economic growth in its own right while maintaining low inflation. But Albania is all set to become a full member of the EU in 2014, EU loans during this period will bolster the economy and continually aide schemes to develop the infrastructure, which then aides further economic growth, and then Albania's economy will be further boosted by reduced trade tariffs, repatriations from Albanian's going abroad to work, and a whole host of other benefits of EU membership."

One impressive factor that has come from Albania's economic growth of this decade is that a quarter of the population's poorest were brought out of poverty between 2002 and 2006, and unemployment continues to fall, at the same time as wages rise. As Albania's internal wealth and affluence continues to rise, living costs rise, and property values are continuously pushed up. But another benefit is that there will be plenty of Albanian's looking for homes, when investors decide to collect on their long-term investment gains. All round Albania is perfect.

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The Philippines: Ten Percent Capital Appreciation in just a few days

2008-07-16T05:23:00.000-07:00

Construction costs in the Philippines are expected to increase by more than 35 percent this year due to record oil, steel, cement and global shipping prices on the back of US Dollar devaluation.

Nearly all construction materials used in the development of Philippine high-rise buildings are imported. With the strong depreciation of the US Dollar value in the South-East Asia combined with record high oil prices that may see crude hit 150/160 USD per barrel in July and August 2008, construction materials exported from China, Korea, Malaysia and Taiwan, together with their shipping costs, continue to increase in price at a phenomenal rate as exporters of steel reinforcement bars, electrical wirings, aluminium, copper based components and Portland cement in the region are set for upwards of 40/50 percent price increases.

Developers of the Lancaster The Atrium Towers in Manila stated they would increase prices of apartments by 10 percent, effective July 16 2008, but clients who reserve now through David Stanley Redfern can take advantage of current prices and see an immediate return on their investment. Not to mention obtaining 70% interest free non status finance.

This is the perfect opportunity to get into a hot market as Philippines property is expected to grow in value by no less than 24 percent for the next five years and possibly even more in the next 2-3 years.

Philippines GDP has been rising by over 5 percent year-on-year and Manila has fast become a major S.E Asian trading post and is no competing against Bangkok as the commercial gateway to the East.

And despite the high prices of foreign imports such as oil hitting the economy – economic growth is expected to slow between 5.2-6.2 percent this year - property prices in the Philippines are being kept buoyant by a huge housing backlog, low interest rates, friendly payment terms, higher incomes of workers in the growing outsourcing industry, and a rising expatriate population.

The housing backlog of 3.8 million units, in particular, has left 70 percent of the country’s estimated 90 million population without their own home. This is the big difference between now, and the property boom before the Asian crisis of 1997-98. The demand for housing is not speculative; it is not investor driven; but rather end-user demand driven; a specific demand that is being addressed.

And despite the rising costs, construction continues to boom across much of the country, especially in Manila, a mostly low-rise city where dozens of residential towers are beginning to dot the skyline; at least 38,000 new apartments will be available by 2013 in the Makati financial district and in nearby Bonifacio Global City alone.

It is in Makati that The Lancaster the Atrium Towers are situated, in the heart of the central business district. Off plan prices per m2 in this district have grown by 40% in the last 24 months and the property promises higher than average yields of around 12 percent.

But by buying through the overseas property specialists, David Stanley Redfern, investors now have the chance to see a return of 10 percent capital appreciation in just a few days.

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Montenegro Property Flying High

2008-07-15T06:27:00.000-07:00

Montenegro airlines have started a scheduled service from Gatwick. This bodes well for the country’s booming tourism industry and is great news for property investors.

Instead of having to fly chartered or via Croatia to enter Montenegro, British visitors can now take affordable scheduled flights from an accessible UK airport.

The World Travel and Tourism Council has predicted that Montenegro will become the fastest growing travel and tourism economy in the world, and the advent of more direct flights to the country takes it one step closer to achieving this.

The Montenegrin Ministry of Tourism has already announced that tourist arrivals grew six percent on the same period last year. And according to estimates, 1.3 million tourists will visit Montenegro before the end of the year, a 13 percent increase on last year’s 1.15 million total.

Montenegro is also a nation with a healthy property market; one that is bucking the global downturn. There has been huge upward pricing of 26 percent for prime property in Montenegro, and property is expected to grow in value by 15-20 percent per year, and possibly reach growth of even 30 percent per year as Montenegro progresses towards full EU accession. The influx of EU money to develop infrastructure, tourism and other industry sectors is just another boost for a property sector that is expected to enjoy sustained growth for the next 5-10 years.

Rental yields of 6 percent are already been achieved, but higher yields of around 10 percent are being seen in the coastal areas. David Stanley Redfern’s Acacia apartments are towards the top of the village of Djenovici, set on a hill covered in olive trees and mimosa flowers, with stunning views of the Bay of Kotor, the wilderness of the Lustica peninsular and the snow-covered majesty of Mount Lovcen. With red sloping roofs and shutters, large balconies and terraces as well as communal piazzas; the development is designed in the style of a typical Venetian village. Surrounding the buildings are large landscaped gardens, the focus of which is a raised terrace with large swimming pool and café.

The overseas property specialists’ off-plan apartments in the village of Zambelici are also located on the beautiful peninsular of Lustica. The development is situated in a tranquil area 1800 meters from the sea and the beautiful unspoilt beaches of Mirista. All apartments have air conditioning and heating; fitted bathroom; kitchen; communal swimming pool; onsite parking; double glazed pvc windows and large sea-facing terraces affording beautiful views across the open sea. Prices start from £50,000.

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Germany a Stable and Safe Investment

2008-07-14T08:37:00.000-07:00

While house prices in many industrialised countries have shot-up at staggering rates Germany’s housing market has remained stagnant; an average detached house in Germany costs virtually the same as it did 10 years ago. Now investors, lured by remarkably low prices, are snapping up German real estate, especially in Berlin.

To understand why Germany’s market has remained stagnant while others have climbed to dizzying heights, one has to go back to the 1990s. In June 1991, eight months after reunification, a law designed to revive the economy of former East Germany, called the Fördergebietsgesetz, came into force. It offered incredibly generous tax incentives to property investors: Anyone who renovated or built real estate in the former East or Berlin, could write off the entire cost of the investment from their taxable income over 10 years.

Many wealthy West Germans leapt at this once-in-a-life-time opportunity, pouring money into real estate, and buoyed by the generous tax breaks they helped create a real estate bubble. Effectively, the tax incentives were so generous that people over-invested; in the rush to take advantage of this incredible tax break, many investors forget to ask themselves whether there really was demand for the property they were building and renovating, or not.

When the tax incentives expired in 1998 it was clear investors had built over and above market demand. And as the housing market bubble burst, investor exuberance turned to gloom. So while other Western countries experienced their own bubbles (and bursts) in the last few years, Germany has remained immunized against the euphoria over house price rises that gripped many Western industrialised countries.

Admittedly, Germany also struggled with periods of sluggish economic growth in the last decade – actually going into recession in 2001 – and has seen record unemployment. And as the German economy has recovered in the last few years, so too has the country's housing market. Since 2004 the price of buy-to-let flats in big cities has especially increased.

Yet because the international housing market boom bypassed Germany, property has become relatively cheap – a fact that hasn’t gone unnoticed by large-scale property investors. The German market now looks like a dream opportunity for investors. Prices are low compared to many other European countries, and home ownership is one of the lowest in the industrialised world.

The incredibly low home-ownership rate of 43 percent -12 percent in Berlin – presents a unique opportunity: Rents, which have been kept artificially low by large public housing companies that once owned large swathes of housing, are likely to rise as state governments are forcing these companies to sell property in order to offload some of the states' debts. And as rents rise, more people will want to buy their own homes. On top of that, too few new homes are being built to meet future demand.

There is going to be a shortage of housing, and this shortage will mean rents will have to rise. As they do so it becomes more economical for people to invest in housing, and so Germany will see rising prices as well as rising rents.

This isn’t going to happen overnight however, and is likely to take 3-5 years to follow through, but those looking at a safe, stable and strong investment before the boom in Berlin should contact David Stanley Redfern.

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Under-Supply of Koh Samui Property Drives up Prices

2008-07-14T06:56:00.000-07:00

Under-supply of resort property on Thai islands like Koh Samui and Phuket is generating substantial growth in their respective resale markets. The under-supply has been caused because of developer's reluctance to go ahead with new projects in case government restrictions on foreign ownership hinder sales. It is hoped that the government will soon raise the percentage of property that can be bought by foreigners.

None the less the under-supply presents investors with a fantastic opportunity. The under-supply is primarily on condos and apartments, but has stunted sales, which means there are still some great developments to choose from. Significant resale price growth is another arm to the opportunity presented by off-plan property, because the immediate value rise on completion is all the greater.

Head of international research for overseas property specialists David Stanley Redfern had this to say about the Koh Samui opportunity:

"The latest news from Koh Samui does nothing more than make it an even better opportunity. Luxury villa prices rose by 50% per year in 2006 and 2007, and have always been expected to continue growing strongly. The current under-supply issues will only serve to maintain high demand, or even cause demand to grow for luxury resort property on the tropical island with some of the world's best unspoilt white sandy beaches."

As far as off-plan opportunities go, David Stanley Redfern's Maenam Hills development on Koh Samui is one of the best in the world.

Maenam Hills consists of 2 bedroom off-plan resort villas priced from only £100,000. The great thing is that the developer is offering non-status 50% LTV interest free finance on the villas over a period of 48 months, on the spacious villas. The Maenam Hills villas also come with a 6%p.a. uncapped rental guarantee for the first two years.

David Stanley Redfern are also marketing off-plan apartments on Koh Samui. The Siranya development offers 2 bedroom apartments with sea-views and rental management from just £103,000. The expected yield is 8% for owners who take rental management on their property, and the development also has a restaurant, clubhouse and spa.

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Costa Rica posts rising tourism figures

2008-07-13T11:18:00.000-07:00

From January-May 2008 foreign arrivals to Costa Rica increased 16 percent from the same period in 2007, according to the Ministry of Tourism in San José.

The upswing represented an additional 133,000 foreign visitors over the period, taking the total to 987,000 arrivals.

The US remains the main country of origin, accounting for 54 percent of arrivals, followed by Europe with 17 percent.

The Ministry of Tourism stated that recession in the US had not affected the propensity of high and middle income earners visiting Costa Rica. Nor have increased airline prices dissuaded European travellers.

While the world economics forum has ranked Costa Rica as the number one nation in Latin America in terms of tourism – the second successive year that Costa Rica has occupied top spot.

Costa Rica registered 1.9 million foreign visitors in 2007, generating US$1.92 billion in tourism receipts.

And research from the overseas property specialist, David Stanley Redfern, shows that despite Costa Rica’s semi-mature market, wisely chosen property has plenty of growth potential.

The country’s diverse economy is one of the strongest in Latin America and is likely to continue growing irrespective of global markets – the World Economic Forum has just ranked Costa Rica as the second most favourable Latin American country in terms of trade.

Add to this Costa Rica’s huge tourism industry and property can be expected to grow by more than 15 percent in the coming years, and possibly by as much as 20-25 percent per year for the next three. The large number of tourist arrivals means property is likely to fetch rental yields of 10 percent or more.

David Stanley Redfern offers property only 90 minutes from San Jose’s international airport, on Jaco Beach. Planned by talented designers, the development boasts contemporary architecture inspired by the concepts of tropical minimalism and is one of the few beach front properties in Costa Rica that is fully titled. Due to recent government regulations it is also likely to be the only property on the beach.

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Asia's Branded Condotels: DSR Take the Good and Leave the Bad

2008-07-13T08:08:00.000-07:00

A new trend is currently sweeping Asia's property investment scene: branded condo-hotels, where investors are paying more than the market value for the safety and marketing power of global corporation branding. David Stanley Redfern have not been left behind, having just added two such developments in the Philippines to their books, but with one key difference, the properties are not priced above their market value.

The Ultima Residencies Ramos Tower offers fully serviced, and fully managed studio apartments from just £15,000 – clearly not above market value given their location amid the Cebu real estate boom. In typical Condotel style, owners can choose to take the rental guarantee, in which their condo becomes part of the hotel, and part of the income pooling scheme. Participants get 30 days free use of their condo and are still expected to receive a 12% rental yield, based on 60% occupancy of the remaining 335 days.

The second Condotel development added to the David Stanley Redfern portfolio is on the lush tropical island of Boracay. Near the vibrant station 2, in close proximity to all the bars, nightspots and other amenities, as well as 2 beaches and the police station, the Crown Regency resort offers studio apartments from £51,000.

The head of international research for David Stanley Redfern explained why the new Condotels are becoming so popular:

"The new wave of Condotel popularity sweeping Asia is really no surprise. Many of today's property investors are young people making holiday home investments, branded Condotels offer the perfect hassle free holiday home investment."

"There is also absolutely no risk with the investments," he continued "because the size of the brand you are buying into gives security with regards that the building will definitely be completed, while the level of research that they will have done into the market before deciding to build there means that buyers can bank on them achieving high occupancy, and thus decent rental yields for them.

"There is also no danger of them losing their money, because as part of the agreement, you can sell back to the hotel after an agreed period for the price you paid, or let them put it on the open market, or do the latter yourself. So, if the property has grown in value, you sell and collect the profit, but if the resale market has dropped you can take out the money you put in and live to fight another day."

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David Stanley Redfern Reveal Investment Hotspots Part IV

2008-07-13T03:13:00.000-07:00

This is the final part of the revelation of David Stanley Redfern research into global property markets. This will follow on from part III which revealed the top 2 long-term destinations, by revealing places 3rd-5th. You can read earlier parts of the series at the property investment research articles section of the DSR site.

3 - Montenegro:

Montenegro was one of the top tourism destinations during the 1980s, and since it split from Serbia and 2006, receiving a little help from featuring in the James Bond Casino Royale blockbuster shortly after, Montenegro's massively rising tourism puts it on course to regain its prominent position as a top tourism destination. Croatia's Mediterranean climate combined with its gorgeous beaches, and beautiful countryside made it a massively popular tourism destination, and property values quickly tripled in the space of 3-5 years. Montenegro has all the same strengths, and as it sees a similarly massive growth in tourism as it becomes the next hotspot for a cheap Mediterranean holiday, the indications are there for massive appreciation of Montenegro property prices. It is only in the long-term chart because its path to EU entry secures strong economic growth over the long-term.

4 - America:

This might seem like a strange one in the current climate, but you simply can't discount the massive economic machine that is the United States of America. Property values and the weak dollar make buying an American property a lot more affordable than it has been for a few years. And America's integral part in the global-economic infrastructure means it is almost inevitable that the American property market will bounce back, and then people who have taken advantage of the current situation will be in for great profits. This will happen over the short-term and has even begun in some states, but it's being difficult to predict accurately means anyone investing in US property should do so with the intention that there might be a substantial wait and even a drop in prices before they make any real gains, but when the recovery begins the gains are likely to be worth the wait.

5 - Italy:

Despite global turmoil the large majority of Italian property markets continue to remain largely stable, and many new areas are emerging and are currently strong property value growth. Italy will always be one of the most popular tourism destinations in the world, and the governments responsible attitude towards conserving its beauty by preventing over-development, ensures demand remains high for rental accommodation, off-plan and resale properties. This means that an Italian property investment is always going to be a safe one that will show solid and sustained growth over the long-term.

Find out more about the best property investment opportunities around the world.

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Cambodia: Rising tourism continues

2008-07-12T11:58:00.000-07:00

Tourism to Cambodia has increased more than 14 percent in the year to May from the same period in 2007.

The Ministry of Tourism said Cambodia was on track to attract 2.3 million visitors this year, adding that political stability and infrastructure improvements had increased the number of tourist arrivals to the country. Some $1.64 billion is expected to be generated in 2008 from tourism alone.

Visitor numbers had already grown to 2 million in 2006, and rose a further 20 percent in 2007. This sustained and aggressive growth in the tourist sector, as well as booming construction, property and garment manufacturing sectors is helping the country’s economy to enjoy near double-digit growth.

The real estate sector, in particular, is growing at a phenomenal rate and no more so than in the capital Phnom Penh where land doubled last year to $3,000 per square metre, up from just $500 in 2000. Add to this the growth in the tourism sector and rental yields in the city are also expected to grow.

Once known as the ‘Pearl of Asia’, Phnom Penh is a significant global and domestic tourist destination for Cambodia. The city is the wealthiest and most populous in the country, is its commercial, political and cultural hub and is home to more than two million people.

French villas along tree-lined boulevards remind the visitor of its colonist heritage, yet its oldest structure is the Wat Phnom from the founding days of the city, constructed in 1373. The French however, certainly left their mark and parts of the city are filled with colonial villas, French churches, boulevards, and famous landmarks such as the Art deco market Phsar Thom Thmei and the Hotel Le Royal.

Overseas property specialists David Stanley Redfern are currently selling apartments in the chic riverside French quarter from as little as £49,000. Their authentic French colonial period buildings have been completely refurbished and modernised and are expected to appreciate by 15-20 percent per year. Due to demand, the developer is also offering a rental guarantee of 9 percent net for the first two years, making this a safe investment in an aggressively growing market.

Find out more about Cambodian property and buying property in Cambodia.

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Continued Strength of Montreal Good News for Investors

2008-07-12T09:40:00.000-07:00

Montreal is to be the site of the next massive Waldorf-Astoria Hotel Complex. A partnership between Hilton, and Monit Investments, the 32 storey tower is scheduled for completion in the summer of 2011. The entrance of such a major player is a massive testament to the continued strength of the Montreal tourism market, which is expected to remain strong long into the future.

This is great news for owners of property on David Stanley Redfern's Rouge River development, a 20 minute drive from Montreal. 1 acre land plots on Rouge River are priced from just £27,500, and there are pre-designed 0-5 bedroom chalets waiting to be built at approximately £80 per square foot building costs. At such low prices, owners can charge a fraction of the price to holiday makers, and still make extremely healthy rental yields. The same goes for Mt Tremblant, that's alpine ski slopes make it another popular tourist attraction, and is just a 5 minute drive from Rouge River.

But to market these properties on the rental potential they get from being close to two popular tourist destinations is to sell them extremely short.

The Rouge River development sits within the Rouge River resort, and surrounds the 100 miles of trout filled river that both are named after. A 100 mile bicycle track weaves along the banks of the Rouge River, and combined with the majesty of the spring and summer wildlife gives Rouge River a strong summer attraction all of its own. In winter tourists flock to the Rouge River resort because the bicycle track has become a skidoo trail, the forest is a cross-country ski trail down the Laurentian mountainside through the trees, and they can still ice-fish in the river.

All in all the Rouge River resort has an all-year-round rental market all of its own, the fact that it is close to Montreal and Mt Tremblant is nothing more than a bonus.

Find out more about Canada property and buying property in Canada.

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2007 a Record high for Global property investment

2008-07-12T06:55:00.000-07:00

Despite the global credit crunch, 2007 was a record high for global property investment, with cross-border flows rising steeply and more money crossing between the main regions of Europe, Asia and the Americas.

And although the credit crunch took its toll in North America and Europe, pushing down global transaction value by 8 percent in the second half of 2007, investment in Asia surged 22 percent in the last six months of 2007.

As overseas investments specialists, David Stanley Redfern have a wide and far-reaching Asian portfolio.

Countries on their books include the emerging economies of the Philippines and Cambodia, as well as more mature markets such as Malaysia, Thailand and India.

Philippines property is expected to grow in value by no less than 24% for the next five years and possibly even more in the next 2-3 years.

Cambodia investment property is a hot favourite with people eyeing a short-term investment; property is expected to grow in value by about 25% per year and Cambodian property achieves rental yields of at least 10% per year.

Malaysian property should grow by no less than 20% per year over the coming years, and possibly by as much as 25 percent. Property attracts rental yields of 8-10% in Kuala Lumpur, and possibly even higher on resort property in Sabah.

Thailand investment property is now favoured by those in the market for a long-term, secure investment property, that won't grow in value by any spectacular yearly rate, but will continue to grow sustainably over the next ten to twenty years. Thailand property prices grow by between 5 and 10 percent per year.

The India property market is one of the most vibrant in the world. From low priced beginnings, some Indian property is now among the most expensive in the world; Mumbai is among the top 5 most expensive cities. But buying Indian property in some of its new emerging markets is an excellent investment, especially in and around developing commerce hubs and Special Economic Zones which are being assisted by the government and where property prices are still low. Property in these areas, like Bangalore and Rudrapur, should see spectacular growth, with conservative estimates at 30 percent. Rental yields for high quality off-plan apartments in these areas will be anywhere from 8-10%, possibly as much as 12% as demand reaches its peak, and depending on initial rates.

Find out more about investment property.

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Dominican Republic Property – Perfect All-Round

2008-07-08T08:00:00.000-07:00

Dominican Republic property is attracting masses of media attention at the moment along with several other Caribbean islands and sun-drenched coastal locations around the world that offer similarly affordable properties. A recent David Stanley Redfern release announced that the Dominican Republic had retaken the top spot of having the most affordable Caribbean properties, and focussed on that point, without giving any real details of the bargain property.

The apartment-hotel complex offers studio apartments from £24,000 in Sosua, one of the Dominican Republic's most popular areas with tourists. The complex, only a five minute walk from the beach is a long-standing, reputable and extremely popular resort, which readily enjoys occupancy rates of 80% and above.

Taking that with a pinch of salt as reader probably will, even with only 50% occupancy and at below the going rate for rentals on similar properties in the area, a rental yield of 12% is easily attainable for pure investors. Holiday home investors should still be able to take an 8% yield, obviously depending on how many weeks of the year they use it themselves, or offer it to friends etc.

The Dominican Republic is definitely a rising star, with low living costs it offers the opportunity of a cheap Caribbean holiday, and with major operators like Thomsons opening new Dominican Republic packages, serving their platinum range no less, global tourist are quickly cottoning on to Dominican charm and tourism is rising quickly.

Emerging markets where growth is fuelled by massively rising tourism numbers tend to be best for short-term investment, because people who fall in love with a place tend to buy resale properties in their favourite spots, with cost often coming as a second consideration. This is great news for the investors who get in early, as strong demand in the resale market makes it easier for them to collect the return on their investment. Not to mention tourism demand pushing up rental yields.

Of course business fuelled markets have the same benefits of affluence spreading through the communities, who then have money to spend on their own homes, but this process takes longer, and that is why these markets tend to be suggested for long-term investment.

Dominican Republic is showing all the right signs of being incredibly profitable for short-term investment, but is also suitable for long-term investors, who will collect healthy rental yields for as long as they choose before reselling.

Find out more about Dominican Republic property and buying property in Dominican Republic.

About DSR Asset Management

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Germany, Berlin: A unique property, a unique opportunity

2008-07-08T06:15:00.000-07:00

The overseas property specialists, David Stanley Redfern, have a unique opportunity in the German capital, Berlin.

The Landhaus Carrée, in Zehlendorf, comes with a 10-year rental guarantee (providing additional income security); a 10-year modernisation guarantee (covering all aspects of modernisation work undertaken to keep property standards up to date); a 10-year maintenance guarantee (protects against ongoing maintenance costs for a ten year period); and 10-year rent/apartment management (tenant support, rent administration and operating cost accounting all undertaken free of charge).

However, it is unlikely to take 10 years for the property to appreciate: The German market is one characterised by extremely low home-ownership – 43 percent nationwide and 12 percent in Berlin. The majority rent, especially in Berlin, which has helped to keep property prices amongst the lowest in the Westernised world. Yet these rents, which have been kept artificially low by large public housing companies that once owned large swathes of housing, are beginning to rise as state governments force their sale in order to offload some of the states debts. As rents rise, and interest rates stay relatively low, mortgages and home ownership become more attractive causing house prices to rise. On top of this, not enough homes are being built to meet future demand, causing rents to rise further and further fuelling the ownership market. Over the next 3-5 years, Germany, and especially Berlin is likely to see both rising rental rents and rising prices.

This presents a unique opportunity as Berlin prices are at the same level as they were in London, Dublin and Paris 18 years ago. There is no other European city where you can buy high quality apartments in the city centre for less than £2,359 per square metre.

David Stanley Redfern’s Landhaus property is in Berlin’s wealthiest district and contains some of the most natural settings in Berlin, including parts of the Grunewald forest and the Schlachtensee and Krumme Lanke lakes. Direct access to city centre can be made via road; the S-Bahn; the U-Bahn; and the U3 line.

The apartment complex itself was built in 1928 in the Carrée style in keeping with the old country houses. The living spaces are bright and airy providing a high standard of living in innovative architecture, with one of the largest inner courtyards and a private park. All apartments have been modernised and certified by the German underwriters ‘TUV’ who carry out all repairs and modernisation, awarding the coveted TUV stamp of approval. Prices range from £117,000 to £188,000 for a 2-3 bedroom apartments.

Find out more about Off Plan Property and Emerging Property Markets.

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Dominican Republic: Cheapest Property in the Caribbean

2008-07-07T10:39:00.000-07:00

According to independent investment analysis, the Dominican Republic is the most affordable market out of 20 Caribbean countries assessed: Bermuda, was the most expensive at $7,861 per square metre, compared with Dominican Republic’s $1,324 per square metre.

Tourism arrivals to the Dominican Republic in the first four months of 2008 have also grown by 5.6 percent when compared to the year before. The number of tourists rose by around 84 thousand bringing the total for the period to 1.6 million. And the tourist influx is expected to continue increasing at a steady pace for the foreseeable future.

The World Travel and Tourism Council forecasts that the tourist industry will contribute 16 percent to GDP in 2008, and currently one out of every seven people in the country are employed in tourism related jobs. Around 35 percent of total export earnings for 2008 are expected to come from international visitor related transactions.

In terms of GDP, the Dominican Republic is one of the most stable Caribbean economies. Its telephone and internet infrastructure in metropolitan and tourist areas are well developed and reliable. Its substantial local agricultural and manufacturing industry results in much less costly imports than some alternative Caribbean island destinations, meaning a lower cost of living. And the country is a stable democracy with a foreign investment friendly outlook.

The Dominican Republic real estate market has also shown impressive growth over the past few years with the government enacting laws that protect the rights of international property owners and investors. And unlike some other Caribbean countries, investors don’t have to become a citizen or a resident to purchase property.

The message from analysts is buy now as the prices won’t last forever and property is expected to see 10-20 percent capital appreciation and 8-10 percent rental yields.

David Stanley Redfern, the overseas property specialists, have three properties in the Dominican Republic. The Apart-hotel Sosua Plaza contains 32m² studios, each with private balcony overlooking the pool in a well maintained gated hotel complex. All apartments are equipped with kitchenette, air-conditioning, ceiling fan, phone, and cable TV. Prices start at £24,000.

The Sousa Development contains a range of fully refurbished and furnished one bedroom apartments in a stunning complex surrounding a spectacular pool. Its hillside position offer ocean views from the higher floors and all apartments have living rooms, fully installed kitchens, bathroom, bedroom and terrace. Prices start from £30,000.

The Oasis Cabarete is an ocean front development offering one, two and three bedroom private residences within an enclosed community with private entrance and 24hr security surrounded by miles of deserted beaches. Inside, winding paths take you through lush landscape to natural waterfalls and two pools, Jacuzzi, fountains, restaurant, bar, surf shop, sun deck or private beach. Prices start at £67,000.

Find out more about Dominican Republic property and buying property in Dominican Republic.

About DSR Asset Management

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com