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.
Showing posts with label overseas. Show all posts
Showing posts with label overseas. Show all posts
Wednesday, 2 September 2009
Monday, 14 April 2008
Money to Be Made in Manila
As everywhere in the world, the credit crunch causes most people in most countries to tighten the grip on their pockets, the Philippines, well to be honest, Manila, money is being thrown about by the million. All of Philippines major newspapers this week covered the report by the Thrift bank, which announced a massive increase in mortgage lending for 2007, up by 11% to 84.4 Billion Philippine Pesos. And that was only one story of many that mentioned multi-million or multi-billion peso sums.
Asia as a whole is predicted by analysts to be the world region most likely to see continued and strong growth throughout the turmoil endured by the global economic infrastructure, but the Philippines is even exceptional for being within Asia.
So, with so much growth potential, David Stanley Redfern's Manila apartments in the twin-tower Lancaster Atrium development are suitably priced to make the most of the Manila boom.
Starting from £28,000 for an unfurnished studio, £33,000 with the least expensive furniture pack installed, that Atrium apartments are "set to double in value in the next 2 to 4 years," according to Liam Bailey Head of International Research for the overseas property specialist, he continued:
"Based on other Asian capitals, now established markets like Bangkok, and those that began their growth cycles before Manila, like Phnom Penh, Cambodia, 25% annual capital appreciation is easily achievable for Manila. The downside constantly mentioned for Philippines property investment on forums is the high Capital Gains Tax, but as I told one person on a forum:
Panama city property prices grew by 50%, between early 2006 and early 2008 putting capital appreciation at 25% per year for the past two years, in Cambodia, many people have bought and sold 6 months later for 12% more than they paid, and bought and sold in a year for 24% more than they paid, putting Cambodia capital appreciation at 24-25% year on year. Manila is showing similar economic growth, and attracting similar new businesses and development as both those cities did at the start of their growth cycles. I'll put myself on the line, if I bought now and sold in four years time I would expect to be left with double what I paid, even after paying taxes."
Operations Manager Jason Killingback chimed in:
"The Lancaster Atrium towers are selling like hot-cakes, the first tower, which was recently completed, was sold out well in advance of completion, and the second tower has only a few apartments left. The photographs of the finished first-tower apartments have proven a valuable visual aide in marketing the second tower."
Prospective investors who see the potential of Manila investment property are advised to act swiftly to avoid disappointment.
Find out more about property Philippines and buying property in Philippines.
Asia as a whole is predicted by analysts to be the world region most likely to see continued and strong growth throughout the turmoil endured by the global economic infrastructure, but the Philippines is even exceptional for being within Asia.
So, with so much growth potential, David Stanley Redfern's Manila apartments in the twin-tower Lancaster Atrium development are suitably priced to make the most of the Manila boom.
Starting from £28,000 for an unfurnished studio, £33,000 with the least expensive furniture pack installed, that Atrium apartments are "set to double in value in the next 2 to 4 years," according to Liam Bailey Head of International Research for the overseas property specialist, he continued:
"Based on other Asian capitals, now established markets like Bangkok, and those that began their growth cycles before Manila, like Phnom Penh, Cambodia, 25% annual capital appreciation is easily achievable for Manila. The downside constantly mentioned for Philippines property investment on forums is the high Capital Gains Tax, but as I told one person on a forum:
Panama city property prices grew by 50%, between early 2006 and early 2008 putting capital appreciation at 25% per year for the past two years, in Cambodia, many people have bought and sold 6 months later for 12% more than they paid, and bought and sold in a year for 24% more than they paid, putting Cambodia capital appreciation at 24-25% year on year. Manila is showing similar economic growth, and attracting similar new businesses and development as both those cities did at the start of their growth cycles. I'll put myself on the line, if I bought now and sold in four years time I would expect to be left with double what I paid, even after paying taxes."
Operations Manager Jason Killingback chimed in:
"The Lancaster Atrium towers are selling like hot-cakes, the first tower, which was recently completed, was sold out well in advance of completion, and the second tower has only a few apartments left. The photographs of the finished first-tower apartments have proven a valuable visual aide in marketing the second tower."
Prospective investors who see the potential of Manila investment property are advised to act swiftly to avoid disappointment.
Find out more about property Philippines and buying property in Philippines.
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
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
Tuesday, 8 April 2008
Montenegro Property Will Go From Strength to Strength
Montenegro joined the European Union's (EU) Competitiveness and Innovation Programme Monday 05 March2008. Their membership will see the European Commission (EU's executive arm) actively promoting innovation, entrepreneurship and growth in Montenegro's small and medium size enterprises (SME's).
The European Commissioner responsible for the EC's industry and enterprise policies Gunter Verheugen, said Montenegro had affirmed it's European aspirations by joining the CIP program, and added:
"Participation in CIP, and, in particular the cooperation in the new Enterprise Europe Network, which Montenegro has already successfully entered, will help Montenegro to increase the competitiveness of its enterprises, in particular SMEs."
Since it split its loose political union from Serbia in 2006, Montenegro has joined several world institutions in its own right, including the World Bank and International Monetary Fund, the latest two are in preparation for its eventual entry into the EU.
According to the CIA World Fact Book, the privatisation of their largest industry, Aluminium, has been good for the economy, as well as increased Foreign Direct investment through tourism.
The latter will be further increased now that the government has relaxed the laws preventing foreigners from buying land in the country. Now that foreign entities can buy actual plots of land for development, I foresee possibly a trump towers in Podgorica, maybe a Hilton, but definitely some of the major tour operators buying up land for development as tourism to the country increases as it has.
If the global market slow continues, the developing world's most beautiful places, like Montenegro, Albania, and others will become even more popular with tourists because they offer cheaper holidays because of the low cost of living. It would be wise to invest in a property there and wait for the changes ahead.
If you agree David Stanley Redfern's off-plan apartments in Lustica, Zambellici could be the perfect choice. In one of Montenegro's long popular coastal areas, the apartments, which all have sea views surprisingly start at only £50,000. They have a communal swimming pool, fitted bathroom: electric water heater, wc, wash basin, shower, fully tiled walls, tiled floors and double glazed windows.
Find out about property Montenegro and buying property in Montenegro.
The European Commissioner responsible for the EC's industry and enterprise policies Gunter Verheugen, said Montenegro had affirmed it's European aspirations by joining the CIP program, and added:
"Participation in CIP, and, in particular the cooperation in the new Enterprise Europe Network, which Montenegro has already successfully entered, will help Montenegro to increase the competitiveness of its enterprises, in particular SMEs."
Since it split its loose political union from Serbia in 2006, Montenegro has joined several world institutions in its own right, including the World Bank and International Monetary Fund, the latest two are in preparation for its eventual entry into the EU.
According to the CIA World Fact Book, the privatisation of their largest industry, Aluminium, has been good for the economy, as well as increased Foreign Direct investment through tourism.
The latter will be further increased now that the government has relaxed the laws preventing foreigners from buying land in the country. Now that foreign entities can buy actual plots of land for development, I foresee possibly a trump towers in Podgorica, maybe a Hilton, but definitely some of the major tour operators buying up land for development as tourism to the country increases as it has.
If the global market slow continues, the developing world's most beautiful places, like Montenegro, Albania, and others will become even more popular with tourists because they offer cheaper holidays because of the low cost of living. It would be wise to invest in a property there and wait for the changes ahead.
If you agree David Stanley Redfern's off-plan apartments in Lustica, Zambellici could be the perfect choice. In one of Montenegro's long popular coastal areas, the apartments, which all have sea views surprisingly start at only £50,000. They have a communal swimming pool, fitted bathroom: electric water heater, wc, wash basin, shower, fully tiled walls, tiled floors and double glazed windows.
Find out about property Montenegro and buying property in Montenegro.
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
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
Monday, 7 April 2008
Costa Rica: Economic Strength by Adaptation
The Costa Rican government has announced that its economy will not suffer a downturn from the U.S. slump. For the first time in 50 years the Costa Rican government was left with a $174million budget surplus. It is expected that the U.S. slump will do no more than limit Costa Rica's growth to 3.8%, down from 6.8% last year. Costa Rica has long been one of the best developed Latin American countries, because of forward thinking leadership.
Disbanding the military in the 70s freed up millions of dollars to develop the country's health and education sectors as well as the infrastructure. Thanks to that move, Costa Rica has a 95% literacy rate and one of the best educated populations in the Southern Hemisphere.
From starting life as a banana republic reliant on Banana and coffee exports, Costa Rica now has flourishing hi-tech and medical manufacture and export sectors, and services sector, on top of a rapidly growing tourism sector and successfully diversified agricultural export sector.
The hi-tech sector has attracted companies like Panasonic and Intel, the latter having invested some $800million into Costa Rica's coughers, with plans to invest a further $90million this year. 11,000 Costa Ricans are employed in the hi-tech industry, and hi tech exports were valued at over $2million in 2005. The fact that Intel has invested so heavily and continues to invest shows that it is still a growth sector. Working from developing countries like Costa Rica keeps costs down and profits up -- a portion of which is then reinvested in said developing country thus keeping the growth cycle going.
The agriculture sector has had to diversify because of regional competition and a changing global economy, but Costa Rica's agricultural industry has stayed strong by changing with the market. Costa Rica has complimented its original coffee and banana exports with pineapples, watermelons, papaya and tropical flowers, as well as diversifying agricultural methods to capitalise on new fair-trade exports, and luxury organic produce.
Costa Rica's perhaps less talked about industry is its flourishing services sector, with companies like Western Union, Microsoft, Unisys and Oracle operating call centres in the country.
Tourism to Costa Rica grew by 10.6% 2006-2007, receiving over 1.6 million visitors last year. Costa Rica has also been clever enough to diversify its tourism industry to keep up with demand, and is now offering eco-tourism holidays and medical tourism (plastic surgery) holidays.
This ability to adapt to changes in the global economy makes the outlook for Costa Rica's economy bright, and a property investment there even brighter.
Find out more about Off Plan Property and Emerging Property Markets.
Disbanding the military in the 70s freed up millions of dollars to develop the country's health and education sectors as well as the infrastructure. Thanks to that move, Costa Rica has a 95% literacy rate and one of the best educated populations in the Southern Hemisphere.
From starting life as a banana republic reliant on Banana and coffee exports, Costa Rica now has flourishing hi-tech and medical manufacture and export sectors, and services sector, on top of a rapidly growing tourism sector and successfully diversified agricultural export sector.
The hi-tech sector has attracted companies like Panasonic and Intel, the latter having invested some $800million into Costa Rica's coughers, with plans to invest a further $90million this year. 11,000 Costa Ricans are employed in the hi-tech industry, and hi tech exports were valued at over $2million in 2005. The fact that Intel has invested so heavily and continues to invest shows that it is still a growth sector. Working from developing countries like Costa Rica keeps costs down and profits up -- a portion of which is then reinvested in said developing country thus keeping the growth cycle going.
The agriculture sector has had to diversify because of regional competition and a changing global economy, but Costa Rica's agricultural industry has stayed strong by changing with the market. Costa Rica has complimented its original coffee and banana exports with pineapples, watermelons, papaya and tropical flowers, as well as diversifying agricultural methods to capitalise on new fair-trade exports, and luxury organic produce.
Costa Rica's perhaps less talked about industry is its flourishing services sector, with companies like Western Union, Microsoft, Unisys and Oracle operating call centres in the country.
Tourism to Costa Rica grew by 10.6% 2006-2007, receiving over 1.6 million visitors last year. Costa Rica has also been clever enough to diversify its tourism industry to keep up with demand, and is now offering eco-tourism holidays and medical tourism (plastic surgery) holidays.
This ability to adapt to changes in the global economy makes the outlook for Costa Rica's economy bright, and a property investment there even brighter.
Find out more about Off Plan Property and Emerging Property Markets.
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
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
Thursday, 3 April 2008
Canary Island Tourism Recovery Boosts Property Market
The Canary Island of Tenerife attracted 1-1.5 million tourists in 2007, from Britain and Ireland alone. And rightly so, from a British perspective it is the only place you can fly to within five hours and have a t-shirt and shorts holiday in January, or any time of the year for that matter. Liam Bailey, head of international research for overseas property specialist David Stanley Redfern explained the Islas Canarias attraction:
"It has always amused me how us Brits complain about the cold in winter, but in summer when we enjoy heat-waves we are running about complaining that we are too hot and you can never get a happy medium. The Canary Islands are the happy medium we are all looking for. Tenerife's strong tourism sector accounts for around 60% of its GDP, and in a joint effort the Canary Islands are doing everything in their power to maintain high levels of tourism. Alongside hosting the Association of British Travel Agents seminar in January, Tenerife's popularity over the year, and the economy's reliance on its tourism sector, means the infrastructure is well developed and a wide range of activities are on offer."
Surfing, snorkelling, scuba-diving, fishing, sailing, ab-sailing, para-gliding, golf, and horse-riding to name but a few of the activities tourists to Tenerife can take part in. All the above gave Tenerife a lot to promote itself on when it hosted the Annual meeting of the Association for British Travel Agents in January. According to Tenerife Based news portal tenerifenews.com the meeting was very good for the island:
"Guests were told that “Tenerife is much more than year-round sunshine, beautiful beaches, a rich and varied landscape, friendly vibrant bars, great food, wine and stylish clubs. It has a sparkling cultural background and an amazing choice of attractions.”
After being shown glimpses of them during the four-day event, delegates said they just had to agree."
Find out more about Canary Islands Property and buying property in Canary Islands.
"It has always amused me how us Brits complain about the cold in winter, but in summer when we enjoy heat-waves we are running about complaining that we are too hot and you can never get a happy medium. The Canary Islands are the happy medium we are all looking for. Tenerife's strong tourism sector accounts for around 60% of its GDP, and in a joint effort the Canary Islands are doing everything in their power to maintain high levels of tourism. Alongside hosting the Association of British Travel Agents seminar in January, Tenerife's popularity over the year, and the economy's reliance on its tourism sector, means the infrastructure is well developed and a wide range of activities are on offer."
Surfing, snorkelling, scuba-diving, fishing, sailing, ab-sailing, para-gliding, golf, and horse-riding to name but a few of the activities tourists to Tenerife can take part in. All the above gave Tenerife a lot to promote itself on when it hosted the Annual meeting of the Association for British Travel Agents in January. According to Tenerife Based news portal tenerifenews.com the meeting was very good for the island:
"Guests were told that “Tenerife is much more than year-round sunshine, beautiful beaches, a rich and varied landscape, friendly vibrant bars, great food, wine and stylish clubs. It has a sparkling cultural background and an amazing choice of attractions.”
After being shown glimpses of them during the four-day event, delegates said they just had to agree."
Find out more about Canary Islands Property and buying property in Canary Islands.
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
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
Canary Island Tourism Recovery Boosts Property Market
The Canary Island of Tenerife attracted 1-1.5 million tourists in 2007, from Britain and Ireland alone. And rightly so, from a British perspective it is the only place you can fly to within five hours and have a t-shirt and shorts holiday in January, or any time of the year for that matter. Liam Bailey, head of international research for overseas property specialist David Stanley Redfern explained the Islas Canarias attraction:
"It has always amused me how us Brits complain about the cold in winter, but in summer when we enjoy heat-waves we are running about complaining that we are too hot and you can never get a happy medium. The Canary Islands are the happy medium we are all looking for. Tenerife's strong tourism sector accounts for around 60% of its GDP, and in a joint effort the Canary Islands are doing everything in their power to maintain high levels of tourism. Alongside hosting the Association of British Travel Agents seminar in January, Tenerife's popularity over the year, and the economy's reliance on its tourism sector, means the infrastructure is well developed and a wide range of activities are on offer."
Surfing, snorkelling, scuba-diving, fishing, sailing, ab-sailing, para-gliding, golf, and horse-riding to name but a few of the activities tourists to Tenerife can take part in. All the above gave Tenerife a lot to promote itself on when it hosted the Annual meeting of the Association for British Travel Agents in January. According to Tenerife Based news portal tenerifenews.com the meeting was very good for the island:
"Guests were told that “Tenerife is much more than year-round sunshine, beautiful beaches, a rich and varied landscape, friendly vibrant bars, great food, wine and stylish clubs. It has a sparkling cultural background and an amazing choice of attractions.”
After being shown glimpses of them during the four-day event, delegates said they just had to agree."
Most of David Stanley Redfern's Canary Island investment properties are on Tenerife and you can view them all as well as reading more info on the Canary Islands as a whole at:
http://www.davidstanleyredfern.com/investment-property/canary-islands/
Find out more about property Canary Islands and buying property in Canary Islands.
"It has always amused me how us Brits complain about the cold in winter, but in summer when we enjoy heat-waves we are running about complaining that we are too hot and you can never get a happy medium. The Canary Islands are the happy medium we are all looking for. Tenerife's strong tourism sector accounts for around 60% of its GDP, and in a joint effort the Canary Islands are doing everything in their power to maintain high levels of tourism. Alongside hosting the Association of British Travel Agents seminar in January, Tenerife's popularity over the year, and the economy's reliance on its tourism sector, means the infrastructure is well developed and a wide range of activities are on offer."
Surfing, snorkelling, scuba-diving, fishing, sailing, ab-sailing, para-gliding, golf, and horse-riding to name but a few of the activities tourists to Tenerife can take part in. All the above gave Tenerife a lot to promote itself on when it hosted the Annual meeting of the Association for British Travel Agents in January. According to Tenerife Based news portal tenerifenews.com the meeting was very good for the island:
"Guests were told that “Tenerife is much more than year-round sunshine, beautiful beaches, a rich and varied landscape, friendly vibrant bars, great food, wine and stylish clubs. It has a sparkling cultural background and an amazing choice of attractions.”
After being shown glimpses of them during the four-day event, delegates said they just had to agree."
Most of David Stanley Redfern's Canary Island investment properties are on Tenerife and you can view them all as well as reading more info on the Canary Islands as a whole at:
http://www.davidstanleyredfern.com/investment-property/canary-islands/
Find out more about property Canary Islands and buying property in Canary Islands.
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
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
Sunday, 23 March 2008
Hunt for the Next Spain Part II: Costa Rica
Costa Rica made it into my list of top ten destinations in the world to make a property investment in, and is certainly a contender for the country to become as popular and as successful for property investors as Spain is and has been respectively.
Ok, the property isn't the cheapest but there is massive potential for profit. Costa Rica is a gorgeous place -- positively vibrant. It has both a Caribbean and Pacific coastline, which not only gives it fantastic beaches, but also allows visitors and property investors a choice of climate, humid heat or dry heat -- it is cool in the centre.
Lush vegetation, jungles, tropical plant-life, and awe-inspiring volcanoes, as well as sun, sea and surf are all attracting tourists and property investors. On top of its aesthetic benefits Costa Rica is one of the most secure and stable of all the Central American countries. It also has a really good infrastructure.
In fact, the stage is set for Costa Rica to enjoy massive and sustainable growth for the foreseeable future -- in every industry. Costa Rica just signed the CAFTA, Central America Free Trade Agreement, its major export: micro-processors is a growth industry, on top of all other famous South American export goods like Coffee and Cocoa, and that is before we even mention tourism.
Like I said Costa Rica can easily rival Spain, the popular Caribbean resorts already rival Spain, but they are out of most people's price ranges. Costa Rica's emerging state means living costs are low so it provides an excellent low-cost Caribbean holiday. Little wonder that rental yields are very rarely under 12%.
Dominican Republic offers the cheapest Caribbean holiday, and the cheapest property, but for the extra money Costa Rica surpasses because of its infrastructure and stability. Costa Rica also has a very competitive taxation system; the first $2,698 earned from rental is exempt from taxation, after that it is taxed progressively between 10% and 25%. Capital Gains tax is not charged unless it is from a recurring (habitual) transaction, inheritance and gift tax is only 1-2%, and total round-trip transaction costs are a moderate 8.58 - 13.58%.
In short Costa Rica is doing everything right to ensure it sees continued growth, in its export industry in foreign direct investment and GDP growth, making it well worth considering as a destination for an overseas property investment.
Find out more about Off Plan Property and Emerging Property Markets.
Ok, the property isn't the cheapest but there is massive potential for profit. Costa Rica is a gorgeous place -- positively vibrant. It has both a Caribbean and Pacific coastline, which not only gives it fantastic beaches, but also allows visitors and property investors a choice of climate, humid heat or dry heat -- it is cool in the centre.
Lush vegetation, jungles, tropical plant-life, and awe-inspiring volcanoes, as well as sun, sea and surf are all attracting tourists and property investors. On top of its aesthetic benefits Costa Rica is one of the most secure and stable of all the Central American countries. It also has a really good infrastructure.
In fact, the stage is set for Costa Rica to enjoy massive and sustainable growth for the foreseeable future -- in every industry. Costa Rica just signed the CAFTA, Central America Free Trade Agreement, its major export: micro-processors is a growth industry, on top of all other famous South American export goods like Coffee and Cocoa, and that is before we even mention tourism.
Like I said Costa Rica can easily rival Spain, the popular Caribbean resorts already rival Spain, but they are out of most people's price ranges. Costa Rica's emerging state means living costs are low so it provides an excellent low-cost Caribbean holiday. Little wonder that rental yields are very rarely under 12%.
Dominican Republic offers the cheapest Caribbean holiday, and the cheapest property, but for the extra money Costa Rica surpasses because of its infrastructure and stability. Costa Rica also has a very competitive taxation system; the first $2,698 earned from rental is exempt from taxation, after that it is taxed progressively between 10% and 25%. Capital Gains tax is not charged unless it is from a recurring (habitual) transaction, inheritance and gift tax is only 1-2%, and total round-trip transaction costs are a moderate 8.58 - 13.58%.
In short Costa Rica is doing everything right to ensure it sees continued growth, in its export industry in foreign direct investment and GDP growth, making it well worth considering as a destination for an overseas property investment.
Find out more about Off Plan Property and Emerging Property Markets.
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
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
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