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Feisal Provides 7 Interesting Property Statements
- 90% of the world's rich list are either in or have built a property portfolio.
- Overseas property can be a route for quick returns if a careful strategy is pursued.
- Much research shows that overseas property prices could increase if you buy before a golf course is erected, before a local airport is developed, before low-cost carriers fly into the area, before tourism increases, before a euro currency change, before a beach is laid on a coast nearby, before a region hosts a major sporting event, before local funding for infrastructure development, before demand increases, before blue-chip companies move into the region, before a prestigious hotel is built nearby, before a marina is built, before other complexes go up, before VAT tax increases on land, before increases in other general taxes, before awards for build quality, and so much more...
- Most people buy purely on the cheapest price and whilst this can be good at times, often the bullet point above is ignored and incremental growth is lost!
- Timing of buying a property is the key! This is the main difference between 'a bit of growth' and incremental growth!
- People should focus on buying conceptual builds where it's possible to have opportunity of significant incremental growth. Examples of these are shown throughout the event.
- Holiday payment plans of up to 3 years allow your property to grow in value and yet the buyer does not pay any mortgage payments for a 3-year period of time. Often buyers tend to flip (sell) after the build and before the mortgage payments kick-in.