Emerging property markets equal African holiday hot spots
The link between successful tourism and an emerging property markets is no more clearly defined than in Africa. Growing numbers of tourists in search of new discoveries unspoilt by the commercialism of the usual holiday hot spots are creating emerging property markets. Airlines and tour operators are contributing by providing cheaper air fares, whilst specialist tour operators serve to enlighten tourists about Africa as a holiday destination.
Globalisation demands new territories to secure future growth for business and corporations world wide continually search for new emerging markets. Many have found Africa and the African governments are welcoming them with open arms. African governments like any government realise the benefits of inward investment and start dancing to the tune of the overseas property investor. The Moroccan government for example is busy creating the right conditions for overseas property investors and are heavily investing in its infrastructure. Morocco is seeing redevelopment along its Mediterranean and Atlantic coasts and has already seen a flurry of activity from overseas property buyers.
The African property market advantage
Africa has an advantage of many emerging markets and that is that most regions are all year holiday destinations and have not been affected by inflated housing prices.
Cape Verde Property
The Cape Verde islands are causing a flurry of activity amongst overseas property investors. Overseas investments experts are forecasting returns on investment of 70% over a term a five years. Amanda Lamb presenter of one of the UK's most popular overseas property television shows, A Place in the Sun, names Cape Verde as her number one destination for the overseas buyer. Investors who got in early are holding on tightly to what they have got whilst keen eyed overseas property investors are looking for a foot hold on the Cape Verde housing market.
Morocco Property
The fashionable cities of Marrakech, Fès and Essaouira, are home to huge mansions in need of renovation. Overseas buyers are now realising that Morocco has huge potential. With traditional housing cheaper than any other comparable market and off plan opportunities Morocco is worth some more investigation.
Egypt Property
The Egyptian real estate sector has recently experienced a substantial growth partially stimulated by relatively strong demands by expatriates and foreign national to purchase properties in Egypt. Modern Egypt has lots to offer from scuba diving in the red sea, fine sandy beaches, exclusive nightspots, Nile cruises, 5-star accommodation and great food making Egypt a great place to visit. Holidaymakers choose a red sea resort of some description because of its popular tourism and rental returns.
Gambian Property
Crime rates and the cost of living are among the lowest in the world. Property ownership is part of the Gambian constitution and the conveyancing system is transparent and straightforward when done professionally. The Gambia is peaceful and stable and the Gambian government is totally committed to free enterprise.
South African property
Attractions include the pleasant climate, beautiful scenery, low cost of living and excellent banking and shopping facilities, roads, airports and other infrastructure. The fact that South Africa is in the same time zone as the UK is another advantage (no jetlag), as is the prevalence of English throughout much of the country
African Quick Facts
Africa is the world's second-largest and second-most populous continent, after Asia. At about 30,221,532 km² (11,668,545 mi²) including adjacent islands, it covers 6.0% of the Earth's total surface area, and 20.4% of the total land area.[1] With more than 890,000,000 people (as of 2005) in 61 territories, it accounts for about 14% of the world's human population.
Seasoned overseas property investors know that your profits are made on the purchase price. Africa is set to prove itself as a prime region for overseas property investors.
About the Author
Nicholas Marr is a lifetime property investor and CEO of Marr International Ltd a UK based property marketing company that is responsible for one of the worlds leading overseas property web sites at http://www.homesgofast.com .
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