No 3 – Isla Margarita – Venezuela
After first rearing its head towards the end of 2005, Margarita Island, off the north coast of Venezuela is finally starting to get the attention it deserves from international tourists and investors. The only Caribbean island outside the hurricane belt, Margarita has knocked the Dominican Republic of the spot as the cheapest location to buy a Caribbean beach house. And with Margarita visitor numbers increasing by hundreds of thousands per year, attracted by its all year round warm climate, Margarita's economy, and property prices will grow massively in the next 2-5years.
An off-plan development, where you can now buy a 1 bedroom for under 30k, will be worth anywhere between 50% and 100% more in 2 years time. Rental yields will go up from the current 6-8%, to 8%-12% over the same period.
No 4 - Fiji
Fiji is going to be massive for much the same reasons as Margarita. Autralia and New Zealand have both been massive on the property investment front, but they are now established markets and property is now on the pricey side. Fiji already has their climate, beautiful turquoise warm seas, as well as coral reefs and all the water wildlife that inhabits them and the waters surrounding them. The infrastructure and holiday amenities are developing at a rapid rate, as is visitor numbers to these beautiful pacific islands, where the cost of living is so low, and you can do anything from basking in the sunshine to swimming with turtles.
As tourism grows massively so does the economy, but the biggest benefit to Fiji's growth potential is the incredibly low prices of off-plan property. DSR currently have studio houses from £25,000, which are likely to be worth £35,000 - £40,000 when they are built, and £60,000 - £80,000 in 2 years time. Rental yields are currently around the 8-10% mark, and may well see growth in the next 2-3 years.
No 5 – Cambodia
The main growth in Cambodia property has centred on Phnom Penh thus far. Phnom Penh's massive growth in the past few years means the market is looking like it might level out, and property is not as cheap as it once was. That said, there is still plenty of room for capital appreciation; as Phnom Penh's business and commercial sectors continue to see massive levels of growth, rising affluence as well as a rapidly emerging tourism sector will see property prices continue to rise by at least 15%-25% per year.
Bear in mind there is still very little in the way of off-plan development in Phnom Penh, these coming onto the market could see spectacular growth. The Cambodian governments new plan to re-launch the national airline, as Cambodia tourism begins to see massive growth, is likely to spread growth, and new Cambodia property hotspots will start to emerge, especially around Cambodia's beautiful unspoilt coastline, which is beginning to rival Thailand and Bali as a regional tourism hotspot.
Find out more about the hottest investment property overseas.
About DSR Asset Management Ltd
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 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. Advertise Your Private Overseas Property
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