Real Property Investments Making A Comeback In Traditional Locations
Over recent years, there has been a lot of real realty investments going into new locations; such as Bulgaria and Croatia. However, the last twelve to eighteen months has seen significant levels of investment return to more traditional countries. This is a trend that looks set to continue, as investors look for more stability in the market. To put this into focus, at number one again is France, commanding a large thirty three percent of all inquiries to date. This seems to have been driven most notably from UK investors, though there has also been widespread interest from Europe and further afield. It is hard to find the reason for France’s success; other than climate, food and drink attractions that are always present. However, France has enjoyed a cautious approach to its internal economy in recent years. Such a responsible approach is likely to have won favor with many people looking for stable real estate investments. Indeed, this makes Spain’s resurgence all the more surprising, particularly in light of some worrying real property and land related stories across the media. This has not hampered inquiries rising by more than twenty percent over the last twelve months however. These stories, mainly focused on internal “land grabs” and issues over licensing for development, are nothing that hasn’t been seen before though. Probably because of this, real estate investments have come from established companies, rather than for those looking to private investments. Along with generous interest rates, a plethora of properties flooding the market at once and desperate vendors slashing prices, those with their fingers on the pulse have swept to take advantage. Whilst this leaves France and Spain with over half the market, (potentially), other established countries are seeing significant interest too. Heading these are Turkey, Portugal and Italy. Turkey is very much relying on its similarities to Spain; both through climate and diet. As is often the case, realty investments seem to have followed the tourism trade, which is enjoying record breaking levels since 2007. It has also benefitted from not being in the Euro of course, so how the market will respond as and when the country joins Europe, time will only tell. However, for now it enjoys a market share of inquiries for property investments of thirteen percent, and is comfortably into the top three. Portugal and Italy currently sit third and fourth in inquiry levels, which is in keeping with where they have consistently performed historically. Portugal remains attractive for several reasons; enjoying lower real estate prices than its neighbor Spain being key amongst these. However, whilst it was generally accepted to be a starting point for real real property investments, this is not the case now, as property continues to be amongst the best value with all things considered. It stands very much on its own credentials now as a result. Italy will always be a popular draw; though vibrancy tends not to move away too far from established tourist sites. However, this is probably more indicative of the pedestrian bureaucracy throughout Italy’s regions, than anything else. Rises here have clearly been helped by the withdrawal from the likes of Bulgaria and Croatia however; where bargain realty investments are starting to be seen again. The real estate market continues to devalue, with even luxury real estate falling in price, and perhaps making some real estate investments more affordable than was the case until the global credit crisis. |
