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'It is easy to get carried away' with low property prices in emerging markets
29 April 2008
Property Frontiers warned that "it is easy to get carried away" when the cost of a development in an emerging market can be the equivalent of the price of a car in the West.
However, Emma Holifield, PR and marketing executive at Property Frontiers, said that investments which do the best are those "in areas with strong fundamentals of demand, such as city centres or emerging tourist resorts where people are likely to travel", not "ramshackle farmhouses" which costs £5,000 but are 200 miles from civilisation.
Investors should look for those properties which provide a rental return as well as appreciate in value year on year, she continued.
According to the results of the 16th annual Afire foreign investment survey, while international property investors continue their global diversification with a strong eye toward Asia, the US property market remains at the top of their confidence level.
Source: Adfero
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