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.
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.
“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.
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.
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.
DSR have recently added the opportunity to buy a true piece of se to their portfolio with the availability of beautiful beach front land plots in Beachport Australia property at Echo Beach.an purchase an exclusive beachfront land plot in one of the world’s most economically stable regions and one that is predicted to be one of the most prosperous for investors, whom are already heading to the country in droves.
Echo Beach is situated on the south coast of Australia in Beachport, located on the famous Limestone coast at the northern end of Rivoli Bay, which is very popular with a multitude of water sports from simple sailing to jet skiing. Beachport also boasts the second longest jetty in the whole of South Australia, at 772 metres it is no wonder the area is a renowned fishing spot.
Land like Echo Beach rarely gets purchased as more and more people become conscientious about conserving the natural environment, making it truly exclusive. However if these beautiful land plots do get developed on, only the greenest of Eco-Villas will be carefully constructed to respect this truly stunning piece of coastline, which faces the sheltered and relaxed bay.
The investment property itself is equally as pleasing as the location. You will be hard pushed to find such a clear and safe plan with the return potential that Echo Beach demonstrates. You can own a piece of Echo Beach from as little as £15,700 up to £29,700 depending on the specific plot location, with an independently projected capital growth of 10–15% per year on your investment, and with a maximum investment period of five years, your money will be doubled.
The plan is not just lucrative, but safe too. An investor is not contracted to stay in for any amount of time and so can sell their land when they wish, but there is already a clear exit plan for Echo Beach investors. The area already has planning permission for residential status, but resort status if granted, would push the land value through the roof (well above the 10–15% predicted). If the unlikely event this is not granted then the land will be sold as a whole with each investors returns being accounted for as expected.
There is also a guaranteed return as provided by the vendor, who have an exceptionally keen interest in the land as they retain a massive 25% interest in Echo Beach, meaning they will strive to make everything work, not only for themselves but for the investor too, who’s money will be individually accounted for specifically to them and not lumped together with others.
The opportunity for investing in Echo Beach is truly something to seriously consider. The investment is as safe as they get. This should be put in the context of the current Australian economy and property market which is currently one of the best in the world and it is easily realised that there really is a lot of money to be made in South Australia.
DSR Asset Management Ltd 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 Ltd 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.
A recent report produced by the Australian government on South Australia’s economic performance, has revealed how strong it is performing in these times of global economic decline.
The report is a study from the year 2000 until May 2009 and has some very positive indications indeed. It appears that since the year 2000 South Australia property has gone from strength to strength and from the advent of the recession it has even continued to grow in many sectors, showing both the resilient nature and potential of the area.
Employment in May 2009 was at a record level at close to 800,000 whilst unemployment was just 5.6 % at the same time. Much, much better than in places like Britain. Population growth in the area is also up, the highest since records began.
These factors have led to the decline of new housing construction to be down just 2.1 % on last year, whilst the national average decline is 24.7 %. This has kept prices low, but the property market strong making South Australia a top property investment destination. Business investment too is at another record high at $10.3 Billion at the end of the March quarter 2009, reinforcing the belief that the economy will recover by next year and so making Australia the current investment choice.
South Australia’s financial position could not be better given the current climate. It is ranked as having a AAA credit rating whilst Adelaide (the state capital) is ranked as being the cheapest capital city to both live and do business.
The state of South Australia also has potential to go from strength to strength in economic terms, it has an abundance of natural resources such as a huge mining reserves, renewable energy resources and $44.8 Billion of projects lined up. It also currently the 4th most affordable place to buy a house in Australia.
So what does this mean for the Australian property market now and in the future? David Redfern, Managing Director at DSR Asset Management Ltd. explains that “the current prices for property are lower now than a year ago, whilst the rest of the economy is continuing to grow.
By next year the economy is set to recover and so then too will the prices of property. If I were going to invest or to buy property in South Australia now is the time to do so. The state has so much potential that it will in no doubt become extremely popular, increasing demand and driving up prices.”
DSR Asset Management Ltd. has some excellent opportunities to invest or buy property in Australia. From beach front land plots on Echo Beach to three bedroom houses in adventurous Lakeside in Adelaide itself, both with excellent investment potential. The report has shown that now really is the time to invest or buy property in South Australia.
DSR Asset Management Ltd 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 Ltd 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.
Echo Beach Plots in Australia – a High Reward/Low Risk Investment Strategy. David Airey, president of the Real Estate Institute of Australia said last week “I’ve been desperately trying not to call it but I think we’ve seen the bottom and we’re seeing investors coming back into the market….
“…. there’s been an enormous change in consumer sentiment and one positive sign after another….”
Australia’s leading provider of industry research, analysis and forecasting services agrees.
“From here, recovery in housing demand is expected to broaden and deepen,” opined Angie Zigomanis of BIS Shrapnel, “…By the end of 2009, strong turnover of the most affordable properties will be flowing through into the bulk of households positioned towards the middle of the market…’
But what happens if the experts are proved wrong?
Well the answer could be – don’t buy a house yet – but grab a piece of desirable land. After all, as Mark Twain observed, they are not making any more of it. For a tiny fraction of the cost of a finished home you could buy a prime beachfront plot. If real estate prices defy the experts and fall, then your loss is strictly limited, but if prices rise as predicted, your gain will be magnified.
The picturesque seaside town of Beachport is centrally located on the world famous Limestone Coast, just over an hour’s drive from Mount Gambier, the second-largest city in South Australia property. Tens of thousands of tourists come every year to enjoy its relaxed atmosphere and stunning coastline, to sun themselves or walk on wide stretches of beach. The clear, sheltered waters of Rivoli Bay are perfect for all denominations of water sports.
DSR Asset Management Ltd are offering beachfront and direct ocean view plots for sale in Beachport Australia. Echo Beach is a unique development of 65 acres, with plots from 500 sq m starting from as low as £15,000 and rising to £30,000. The land comes complete with planning approval, and is of strictly limited availability, which is an historic driver of price appreciation. Independent estimates of likely capital growth range from 10–15% per annum if things stay as they are
But that is just the bottom line.
If the enhanced planning currently being actively sought by the developers of Echo Beach for expanded amenities is approved — and there is every likelihood that it will be – investors should see an additional 5–10 times capital growth, again based on independent market estimates. That is a quite staggering rate of return, especially considering the global economic downturn. You would be pushed to get this from investing in a fluke penny stock, yet here you have a realistic chance of a property ten-bagger from a secure investment in land.
DSR Asset Management Ltd is an overseas property 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 Ltd 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.
Albania, with EU help is making moves toward spreading affluence out from the capital and other economically strong areas to some of the more impoverished areas in the country. But the moves Albania is making are set to make a big difference to some of Albania’s neighbours, spreading affluence throughout the region.
For a start Kosovo has just declared its independence, a move that proved incredibly successful for Montenegro’s economy, and is now set to do the same for Kosovo’s with talk of NATO membership already on the cards.
Albania’s government is keen to forge strong ties with its neighbours it seems, and this is likely to be economically beneficial to all parties who take part, as well as opening up new areas of Albania, and possibly neighbouring countries to international property investors.
This new environment of integration is already beginning to form: A €600m ($932m) project to upgrade the road from the port of Durres on the Adriatic to the border with Kosovo underscores the new relationship. The Enka group of Turkey and Bechtel of the US are building a 70km section of highway, widening the existing road and forging a series of tunnels through the mountains. The new roads will make travel from Duress to the Kosovar capital Pristina possible in 3 hours, a journey that currently takes closer to 10 hours.
This will open up virgin and currently impoverished parts of northern Albania to property development and tourism, as well as giving Kosovo, and hopefully Serbia eventually, easier access to export from Albania’s largest port at Duress.
Between the new road and the current expansion of the Duress port thanks to another massive loan from the European Bank for Reconstruction and Development, there are currently a lot of reasons to be very hopeful of a bright economic future for Albania and Eastern Europe as a whole.
The Canada property market is currently one of the strongest in the world; across the board Canada property prices have been rising by more than 10% for the past few years, a level almost unheard of in established markets like Canada. Most people expect the Canada property market to behave like the U.S., which is currently in the throes of what they call a “price correction”, but what means a sharp-drop in house prices that were previously rising rapidly.
They aren’t all that wrong: before the U.S. real estate market began to fall, the Canadian property market was seeing similar levels of growth to the U.S.. The difference is, the growth of Canada property prices was on a more stable footing, i.e. property prices were rising because of demand, not because of bad agents inflating values to higher than they should have been. The result is that now, the Canada property market is very different to the U.S. in that prices continue to rise at the same above average but sustainable rate.
Investment Property in Canada:
Canada is deservedly among the most popular destinations in the world to make a property investment. It is world renowned for its gorgeous landscapes and spectacular rare wildlife, true wilderness, grizzly bears, salmon fishing, and really getting back to your roots, not to mention skiing in places like Mt Tremblant, and soaking up the ambiance of Montreal.
This gives it fantastic appeal with tourists, and makes a property investment in Canada a shrewd move. Canada’s 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 that has average rental yields of around 8%. Despite its popularity and sustainable growth, you can still find a bargain investment property in Canada, in fact it is more of a struggle to find reasons not to invest in a Canada property.
Our Canada Property:
Speaking of bargain Canada property, you won’t find a better deal than our Rouge River land plots. The Rouge River resort has been voted the best resort in Quebec 8 years running. 100 miles of the Rouge River runs through the resort, with fantastic trout fishing, kayaking, canoeing and white water rafting. A 100 mile bicycle track weaves through the forest along the river bank, and the woods are full of the aforementioned wild-life. In winter the bicycle track becomes a cross country ski and skidoo trail.
The one acre Rouge River plots are half the price of smaller plots nearby, with pre-designed log-cabins waiting to be built. All the above and their price put these up with the best holiday home investment property on the global market.
Last year DSR Asset Management Ltd identified Montreal as a top residential real estate investment region worthy of inclusion in their overseas property portfolio.
Since then we have seen property prices in general suffer large falls, and this has made the careful selection of location even more vital for investors. No longer can a careless property purchase be ameliorated by a rising market. Indeed the greatest losses are occurring where intrinsic value was lacking.
PropertyWire, a premier property news service, has just released this assessment of the current state of the market in Canada, and it broadly reflects the global picture.
“Canadian home prices fell 5.8% in March from the same month a year earlier, a faster pace of decline than in February, according to the latest published figures from the Teranet-National Bank National Composite House Price Index. It also shows that prices were down 8.5% nationally from the peak in August last year.
“Western Canadian home prices were hardest-hit, with Vancouver leading with a 9.6% decline in March from a year earlier, while Calgary saw prices fall 8.4%, and Toronto saw a 6.9% slide.”
Even worse, losses for UK property investors in most of Canada are being exacerbated by the stronger £, which has of late been gaining in value against the Canadian $. However, that currency trend is set to reverse, and we expect after the summer the Canadian $ will begin appreciate again, being as it is backed by the rich natural resources of that country and its hardworking and youthful population.
Meanwhile, only two areas of Canada have bucked the downward trend, and guess where the highest gains are being recorded right now?
“Montreal and Ottawa bucked the trend in March with property prices rising 2.9% and 1%, respectively.”
DSR Asset Management see Montreal real estate prices continuing to rise, especially in £ terms, making Montreal a particularly appealing choice for UK investors looking for wealth preservation, capital growth and high potential rental yields from overseas property.
Charlemagne is the native hometown of famous Canadian singer Celine Dion, only a bridge away from Montreal city. The Manors is a prestigious condominium development in Charlemagne, built and designed to the highest specification. It is strategically positioned at the border of Terrebonne and Repentigny, 2 of the fastest growing cities on the east shore of Montreal. DSR has apartments in The Manors available now from £125,000 — £130,000.
Slightly cheaper are the ‘Condo in the Park’ apartments in Repentigny itself, priced £95,000 — £100,000. David Redfern said “This project is one of the last phases of a major development called “Valmont sur Parc” that has start more than 10 years ago, where more than 500 units have been sold so far, from apartment to cosy detached houses. Repentigny is a big city with all the same facilities and services than big city like Montreal.”
DSR Asset Management Ltd has identified global regions with high growth and income potential, and holds an exclusive inventory of competitively–priced superior-quality property for sale in hand-picked and unique locations, ranging from luxurious city apartments to coastal building plots and eco houses. You can find more information about our investment properties in Canada.
This morning on BBC Five Live radio the hot topic of conversation was money flooding back into investment funds, as investors flee the derisory 0.5% interest rates currently paid on bank deposits.
“Private investors are piling back into investment funds according to figures from the Investment Management Association.” is the synopsis.
http://www.bbc.co.uk/podcasts/series/money — scroll to July 2nd 2009
The MP3 of the programme is available at this link -
The programme also reaffirms what DSR have been saying for some time — equities are a leading indicator of the property market. Interestingly the IMA representative said that the new trend was not to focus on the UK alone, but that major interest is being shown in growth opportunities worldwide.
When the property market belatedly wakes up to the record surge in equities that has taken place in the past quarter – 3 months in which the UK housing market price has grown by a mere 0.9% according to Halifax – DSR expects a similar rush into overseas property investment. In fact they are beginning to see this now in the areas they have identified as being the new emerging hot spots in the world.
DSR Asset Management Ltd say they are poised to be in exactly the right place and right time – offering investors the opportunity to acquire quality real estate in prime global locations just as demand for global returns explodes.
“Asset management is not just about acquiring rare high value beach or city property in Australia, Cambodia , Thailand and other growth areas,” said DSR’s David Redfern.
“The investment vehicles available include full management of overseas property to generate strong rental yields. Such an arrangement not only produces an ongoing return on investment, it also pays for maintenance and upkeep of the property, and means that security issues are not a concern. In addition, having a property in use throughout the year makes good use of scarce resources and is energy efficient,” he added.
In effect, making a considered investment in overseas property with rental income – a de-luxe buy-to-let – need require no more hassle than investing in a fund. The underlying aims are the same – capital growth and income – and with an established leading firm like DSR Asset Management Ltd taking care of the legal and financial concerns that come with investing abroad, selecting the best managers and investment opportunities for you, the ‘front end’ for the investor need be no more time-consuming or problematic.
Of course there are differences with fund investment too – with property your capital asset is allocated to you, not pooled, and should you require to sell the property in the future there is likely to be a time lag while it is advertised.
But there are also massive advantages over the standard buy-to-let schemes so popular in the UK over the past decade. You will never have problematic sitting tenants but only holiday guests, the property will maintained for you in pristine condition, and of course you can enjoy your asset to the full while on vacation.
Rental income comes with a guarantee in many cases, a barometer of the resort management’s confidence in the rental market, since low occupancy would put a strain on their profits. In a sense, when it comes to rental income, investors enter into a profit sharing scheme, usually set at 50:50 or 60:40 in their favour, a powerful incentive towards excellent returns.
Echo Beach Plots in Australia – a High Reward/Low Risk Investment Strategy. David Airey, president of the Real Estate Institute of Australia said last week “I’ve been desperately trying not to call it but I think we’ve seen the bottom and we’re seeing investors coming back into the market….
“…. there’s been an enormous change in consumer sentiment and one positive sign after another….”
Australia’s leading provider of industry research, analysis and forecasting services agrees.
“From here, recovery in housing demand is expected to broaden and deepen,” opined Angie Zigomanis of BIS Shrapnel, “…By the end of 2009, strong turnover of the most affordable properties will be flowing through into the bulk of households positioned towards the middle of the market…’
But what happens if the experts are proved wrong?
Well the answer could be – don’t buy a house yet – but grab a piece of desirable land. After all, as Mark Twain observed, they are not making any more of it. For a tiny fraction of the cost of a finished home you could buy a prime beachfront plot. If real estate prices defy the experts and fall, then your loss is strictly limited, but if prices rise as predicted, your gain will be magnified.
The picturesque seaside town of Beachport is centrally located on the world famous Limestone Coast, just over an hour’s drive from Mount Gambier, the second-largest city in South Australia. Tens of thousands of tourists come every year to enjoy its relaxed atmosphere and stunning coastline, to sun themselves or walk on wide stretches of beach. The clear, sheltered waters of Rivoli Bay are perfect for all denominations of water sports.
DSR Asset Management Ltd are offering beachfront and direct ocean view plots for sale in Beachport Australia. Echo Beach is a unique development of 65 acres, with plots from 500 sq m starting from as low as £15,000 and rising to £30,000. The land comes complete with planning approval, and is of strictly limited availability, which is an historic driver of price appreciation. Independent estimates of likely capital growth range from 10–15% per annum if things stay as they are
But that is just the bottom line.
If the enhanced planning currently being actively sought by the developers of Echo Beach for expanded amenities is approved — and there is every likelihood that it will be – investors should see an additional 5–10 times capital growth, again based on independent market estimates. That is a quite staggering rate of return, especially considering the global economic downturn. You would be pushed to get this from investing in a fluke penny stock, yet here you have a realistic chance of a property ten-bagger from a secure investment in land.
DSR Asset Management Ltd 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 Ltd 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.
The name Echo Beach may jolt some music lovers’ memories. In Australia a beach of the same name has now become the location of a fantastic investment opportunity for investors looking for secure capital growth together with the possibility of a nonlinear gain.
A recent independent analysis Echo Beach appraised it thus:
“Based on experience and research we conservatively estimate that capital growth for this coastal property without planning permission would range from 10–15 percent per annum.”
The investment is structured so that, while reasonable gains are virtually guaranteed, spectacular gains are a real possibility. This is because planning permission is being sought by the experienced project team, lead by Alex Paior and Grant Chapman, for the construction of low-rise environmentally sensitive eco homes on Echo Beach.
Interesting to potential land buyers will be the following statement from the local council, who have indicated that they are “…very supportive of development that is consistent with the natural environment and seeks to preserve natural vegetation, particularly in Coastal areas. The council are willing to work with you on this project to produce an outcome that best satisfies all parties involved.”
If and when the go-ahead for this delightful landscape-friendly venture gets the go ahead, investors should be sitting on an additional 500–1,000% increase in the value of their plots, again based on an independent financial assessment.
A nominal annual management fee will be payable to the development team while they negotiate a deal to develop the land. Five years is the time set aside for this, after which in the event no deal can be reached, the land will be re-sold. By then it is expected that the value of the land will have increased by 50–100%.
The developers will retain a sizeable % of the land for themselves, and along with individual investors, will benefit for the massive jump in value that comes with the granting of enhanced planning consent. Therefore the developers interest will be precisely aligned with that of private buyers of Echo Beach.
Echo Beach is located in the picturesque seaside town of Beachport, on the world famous, fossil-rich Limestone Coast, just over an hour’s drive from Mount Gambier, the second-largest city in South Australia. Tens of thousands of tourists come every year to enjoy its relaxed atmosphere and stunning coastline.
DSR Asset Management Ltd are now offering Echo Beach beachfront and direct ocean view land in a novel joint purchase agreement involving 65 acres of prime beach land, with individual plots available from 500 sq m upwards, starting from £15,000 and rising to £30,000.
There are a strictly limited number of plots available.
For more information about Echo Beach and other selected properties world-wide call Rebecca Sale on 0115 871 4594 or visit the DSR website.
About DSR Asset Management Ltd
DSR Asset Management Ltd is an established leading overseas property specialist, working closely with developers in many countries to provide an exclusive turnkey service for the discerning investor.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
DSR Asset Management Ltd wants to broaden your investment horizons with the offer of an exceptional opportunity to buy prime beach plots in South Australia at the site known as Echo Beach. Ideally situated within the picturesque and upmarket town of Beachport, the reason these plots are such a bargain is because the developers have not completed their eco-friendly planning consultation with the local council, and are now looking to share in future asset growth in return for hard cash to finance completion of the approval process.
The council have been making encouraging noises about seeking to work with the established management team to produce a satisfactory and eco-friendly development of the area. They said they were “…very supportive of development that is consistent with the natural environment and seeks to preserve natural vegetation, particularly in Coastal areas. The council are willing to work with you on this project to produce an outcome that best satisfies all parties involved.”
If, however, full planning permission is given, and there is every indication it will be, the value of the land will jump 5–10 times from an independent assessment, and investors and developers alike will share in this jackpot. Enhanced planning is currently being sought by the developers to build eco homes on the site.
Echo Beach is located in the picturesque seaside town of Beachport, on the world famous, fossil-rich Limestone Coast, just over an hour’s drive from Mount Gambier, the second-largest city in South Australia. Tens of thousands of tourists come every year to enjoy its relaxed atmosphere and stunning coastline.
DSR Asset Management Ltd are offering Echo Beach beachfront and direct ocean view land in this unique development of 65 acres, with plots from 500 sq m upwards, starting from £15,000 and rising to £30,000.
For more information about Echo Beach and other exquisite investment opportunities world-wide call Rebecca Sale on 0115 871 4594 or visit the DSR website which has a select international land portfolio of properties in some of the best regions around the globe for growth, income and quality of life.
About DSR Asset Management Ltd
DSR Asset Management Ltd is an established leading overseas property specialist, working closely with developers in many countries to provide an exclusive turnkey service for the discerning investor. DSR Asset Management Ltd
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
Albania, with EU help is making moves toward spreading affluence out from the capital and other economically strong areas to some of the more impoverished areas in the country. But the moves Albania is making are set to make a big difference to some of Albania’s neighbours, spreading affluence throughout the region.
For a start Kosovo has just declared its independence, a move that proved incredibly successful for Montenegro’s economy, and is now set to do the same for Kosovo’s with talk of NATO membership already on the cards.
Albania’s government is keen to forge strong ties with its neighbours it seems, and this is likely to be economically beneficial to all parties who take part, as well as opening up new areas of Albania, and possibly neighbouring countries to international property investors.
This new environment of integration is already beginning to form: A €600m ($932m) project to upgrade the road from the port of Durres on the Adriatic to the border with Kosovo underscores the new relationship. The Enka group of Turkey and Bechtel of the US are building a 70km section of highway, widening the existing road and forging a series of tunnels through the mountains. The new roads will make travel from Duress to the Kosovar capital Pristina possible in 3 hours, a journey that currently takes closer to 10 hours.
This will open up virgin and currently impoverished parts of northern Albania to property development and tourism, as well as giving Kosovo, and hopefully Serbia eventually, easier access to export from Albania’s largest port at Duress.
Between the new road and the current expansion of the Duress port thanks to another massive loan from the European Bank for Reconstruction and Development, there are currently a lot of reasons to be very hopeful of a bright economic future for Albania and Eastern Europe as a whole.
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. DSR 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 DSR 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.
Liam Bailey, head of international research for DSR 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.”
The Dominican Republic is the best Caribbean island to make a property investment on because it is one of the least developed Caribbean countries, therefore living costs are the lowest, and people can go there on holiday with half the spending money they would need elsewhere in the Caribbean. Tourists are a shrewd bunch themselves, and this fact has turned the Dominican Republic into a tourist hotspot. Increasing tourism then helps the economy and the development of the island as a whole.
However, the currently under-developed state of the country means that property prices there are lower than the other Caribbean countries – much lower. For instance you can pick up a 1 bedroom apartment in David Stanley Redfern’s Sosua development and accompanying tourist resort for only £30,000. Between five and ten minutes from the beach, upstairs apartments have sea views and the development surrounds a stunning communal pool. Nearby beaches are Sosua beach, Kite beach, and Cabarete bay.
A 1 bedroom Dominican Republic Caribbean beach house, literally right on Cabarete Bay’s fantastic beach is only £67,000 in David Stanley Redfern’s Oasis development. Contrary to common belief about the Dominican Republic, these properties low price and their location in a tourist centre gives them the possibility of bringing their owner a decent rental yield of 6–8%. Common belief and a fact is that Dominican Republic rental yields are low, and while residential yields will very rarely reach over 4%, a holiday letting property is a different kettle of fish.
Capital Gains and rental income are taxed at a flat rate of 29% for foreigners, capital gain is calculated by deducting the acquisition price, after it is adjusted for inflation, from the selling price, property tax is a nominal 1% of the property value, and inheritance tax is a reasonable 3%. Round trip transaction costs are a moderate 10.3%.
Overall Dominican Republic investment property is currently a golden opportunity because your getting a Caribbean property for lower than you can anywhere else with a Caribbean coastline. The gap will close soon though as the tourism develops the economy and prices start to rise in line with what they are worth on the global market as oppose to being affordable to the local population.
David Stanley Redfern is one of the U.K.‘s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market’s regulatory body, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
The Aurora Sky hotel apartment complex in the winter — and summer — wonderland of Levi has just become an even hotter investment property. Expected rental yields on the development have always been 8–12%, but the new ski-lift that has been approved for building right opposite the main entrance will increase rental yields by making it a ski-in ski-out hotel.
With up to 90% finance available and such gains expected, as well as an optional 6% guaranteed rental yield for the first five years or rental management for a 10% fee, there is no doubt that Aurora Sky apartments are excellent investment properties, but not enough is said about just how wonderful they are as holiday homes.
Levi is a vast expanse of beautiful scenery, with only the occasional row of houses making a dent in the gorgeous landscape, of course there’s the well equipped Levi ski-resort, and the breathtaking mountain reaching up toward the sky from it, but apart from that it is largely unspoiled by modern development.
The Levi residential property development, including the Aurora Sky apartment hotel is going to be a self-contained holiday village just yards from one of the Levi ski-resort’s downhill slopes, including shops where you can purchase the day to day essentials, as well as designer gear and skiing equipment — the latter can also be hired from the resort.
But skiing is not the only thing that draws tourists to Levi; there are a whole host of other popular activities in summer and winter including:
Husky dog-pulled-sled rides
Hot-air balloon rides
Reindeer rides (at Christmas)
Fishing (ice-fishing in winter) in the nearby Levi lake
Snow-mobile safaris
Nordic walking
Admiring the Northern lights tourist attraction
On top of all that and just being in amidst such beauty and clean fresh air, being in the home of Santa Claus is a benefit in itself for families with children. Only after you have considered all its beauty should you consider buying an Aurora Sky apartment as an investment. When you do the fact that your money is held in a government ordered escrow until you get the keys is also a benefit, because if anything stops the development, or you just change your mind you can get your money back minus a small administration fee.
David Stanley Redfern is one of the U.K.‘s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market’s regulatory body, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
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.
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
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.
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
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.
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
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.
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
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.
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
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.
“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.”
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.
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
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.
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
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.”
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
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.
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
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.
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
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.
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
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.
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
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.
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
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.
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
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.
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