Property investment Middle East
Finding a home for your money during turbulent financial times can feel like something of a minefield. With the stock market gains of the last few years running out of steam and interest on savings accounts remaining derisory, it can feel like there's no easy solution. While other investment vehicles have experienced significant fluctuations over the years, property has consistently given strong returns. The advice to put your money in bricks and mortar to secure the best return has clearly held true for some time. With the UK property market continuing to stutter along there are real advantages to investing overseas.
Who might benefit from overseas property investment?
Whether you're looking at property investment Europe or further afield, you might be wondering if it's the correct investment vehicle for you. Property investment can form a useful part of a diversified portfolio alongside cash, bonds and shares. It can be used to help boost a pension income or as part of a pension saving strategy when you are younger. As with any investment it's important to consider your immediate needs and saving goals. Overseas property investment offers the potential for great returns and those with a longer timescale for their investment might be able to secure considerable gains.
Is the Middle East a good place for property investment?
The Middle East is an increasingly popular place for property investment. Prices are generally cheaper than the UK. There's a good potential for holiday rental income and the property market remains buoyant. Countries like Israel. with its vibrant and cosmopolitan culture and Tunisia, with its established beach resorts, are popular with investors. In the United Arab Emirates, the city of Dubai is a popular place for property investors in the region. Dubai has experienced a rapid growth in property values yet still remains affordable. The growth of the real estate market in the United Arab Emirates city was a stunning 20% in 2019. The government in Dubai have recently decided to restrict the number of units that they will allow to be completed each year. This is likely to have an inflationary effect on the market, making now a particularly good time to invest. The average yield for investors in the city is between 7-12%. These kind of competitive returns are far greater than you're likely to find in more mature property markets. Compared to prices in London, for example, property prices in Dubai are on average 80% lower.
Find your perfect Middle East property
It may seem like buying property overseas is a daunting prospect. That's why it's important to work with a company built on integrity and great business relationships. Centasource understand the local property market. We have helped countless people invest in overseas property over the last quarter of a century. We can help you avoid needless pitfalls, help with legal issues and ensure that the whole process is as straightforward as possible. Why not contact us today to find out how Centasource can help you find the perfect Middle East property for you?