/24-7PressRelease/ - NOTTINGHAM, UK, June 30, 2008 - On Friday, Halifax published figures confirming the value of a UK home fell by 2.4 percent in May, the seventh month in the past eight when prices have fallen.
UK prices are now declining more rapidly than at any time since the early 90s property crash. And according to a key index of property price futures, this slide will continue for at least three years, crushing the value of a home by almost 50 percent in real terms. Indications from futures trading on long term property prices show the average UK home only recovering its current value in 2017.
Meanwhile, property prices abroad are showing ever increasing prices rises. And overseas property specialists, David Stanley Redfern Ltd, have a number of properties maintaining high capital appreciation and high rental yields.
Montenegro property, for example, is expected to grow in value by 15-20 percent per year, possibly reaching growth of 30 percent per year as the country progresses towards EU accession. Albania, also on the road to EU accession, is showing similar levels of growth. While on Margarita island, the only Caribbean island outside the hurricane belt, property prices have risen, on average, 32 percent in the last two years and prices are expected to grow by at least 15-20 percent annually in the next 2-5 years.
Thailand has also become a hot favourite with investors, who have enjoyed capital appreciation not lower than 25 percent in the first five years of its growth. While Philippines property is expected to grow in value by no less than 24 percent in the next five years and possibly even more in the next 2-3 years. In Fiji, David Stanley Redfern currently have studio houses from 25,000, likely to be worth 35,000 - 40,000 when they are built, and 60,000 - 80,000 in 2 years time. In Cambodia's Phnom Penh, growth in business and commercial sectors; rising affluence; and a rapidly emerging tourism sector will see property prices continue to rise by at least 15%-25% per year.
And these emerging markets look set to survive the global slowdown as businesses increasingly move their operations into cheaper locations, import their goods from cheaper places and tourists holiday in cheaper destinations.
With seemingly no way up for UK housing, now is the time to invest in countries with a brighter future.
Find out more about the hottest investment property overseas.
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
DSR have just branched out into the _a href="http://www.overseaspropertyrentals.com"_Overseas Property Rentals_/a_ industry.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
# # #
Read more Press Releases from Liam Bailey:Other Similar Press Release Topics:
