Have you often felt that most property or real estate marketing is all gloss and hype? Just not enough meat, all about life style and image so that the price can be ramped right up.
Me too and I am sick of it.
I hope that this Blog will allow you to get out the calculator and be able to test just how good any development really is from a mathematical basis, and not be duped into a purchase that will not sell for anything but a loss, will not rent because of the over supply and kick the sales hype into the bin.
Research, research and more research. Don't believe a word in the sales material or from the agents. Do your own, the web has enough sources of real data, that it can be done. You will need demographics, local wage levels, tourist numbers, comparative valuations, infrastructure developments and lots more.
As a property specialist who qualified in 1976 I feel that I can give at least a bit of justified appraisal and feedback.
So for now I will talk again after the Christmas break to give an idea of the regions around the globe that have at least a chance to give a potential of capital growth, AND the strong support of a local and tourist rental potential that will cover the costs of purchase.
In the right scenario, a well supported development should be GEARED UP in order maximise the profit in both capital and revenue. So see you in a day or two.
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