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Investors in 2011 should not play in the exotics.

04.02.2011
Homesoverseas.ru editorial office
43
In early 2011, Igor Indriksons, Director of the Foreign Real Estate Investment Department at IntermarkSavills, a member of the Expert Council of Homes Overseas, gave his recommendations to investors in foreign real estate. In his opinion, five tips will be especially relevant in the coming year.
1. Do not follow the crowd. All private investors in speculative markets involve the crowd. A Russian investors it refers in the first place. After all, many of them tend to hasty decision about buying real estate based on the not always successful example ally. Suffice it to recall the classic examples of the collapse of the investment (Dubai, Calabria), when real estate prices have increased only in the price lists, but in fact a virtual price growth was the emergence of new customers. 2. . Do not listen to the advice of friends in the worst investment advisers - friends. They may dissuade you from any of your project or undertaking, such as, for example, buying a hotel room, without any rationale. Meanwhile, according to Igor Indriksons, professional advice on investing in real estate in Russia yet. And in Europe, in order to engage in such activity, you must have a certificate of a financial adviser or an investment advisor, and for transactions provides for criminal liability and insurance. 3. . Do not play the exotic Russian investors are very fond of exotic markets: Thailand, Vietnam, Tunisia, Egypt resort property. This is largely due to the fact that these countries are widely represented in the Russian real estate exhibitions, while at these events never meet, for example, the builder of the UK. It is not difficult to guess that the highest commissions (up to 40%!) Are paid to exotic markets. Realtors for a good percentage of the transaction promise customers profit even on the collapsed market in Dubai or on the coast of Bulgaria, where the European investors stopped buying real estate a few years ago. According to the expert, it is necessary to select a stable low-risk countries, as do the Western pension funds. 4. No bank or step. Private investors easier to protect themselves when the bank controls the transaction, since in the first place the bank thinks about how much the investor in the event of default he will be able to sell the property. It is in this context, it has repeatedly referred to the Italian region of Calabria, the victim of the virtual growth in property prices. And it was in Calabria mortgage banks are not given. Buying a property for 100% of its own funds, the investor thus assumes 100% risk. However, it will be better to share the risks with the bank. At least for the reason that if the subject is difficult to sell, you can always lay it in the bank, even for 70-80% of the cost. 5. Rent, lease and rent again! It is known that the property can generate income not only from the point of view of capital appreciation, but also in terms of delivery of objects for renty. But even if we consider as an example the most highly liquid apartment in Moscow (one-room, in a panel high-rise building next to the subway), it is unlikely someone will be able to accurately tell exactly how much of it can be sold in a year. But the rental outlook is always more or less clear. According to Igor Indriksons, the amount of rental income can be anticipated, and the exact capital gains - not. Based on materials IntermarkSavills
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29 of Nov, Saturday 11:00
The exhibition and forum on real estate investments is coming soon in Moscow

On November 29 and 30 in Moscow, at the Monarch Hotel (Leningradsky Prospekt, 31A, p. 1), the MIPIF GLOBAL FORUM, Russia's largest exhibition and forum on real estate abroad and in Russian resorts, dedicated to investment and recreation, will be held.