West Africans Are Now Buying In London’s prime property sector

Russians and the Chinese are already known to be proven buyers in London’s prime property market but now investors from West Africa are entering this prestigious market. Continue reading West Africans Are Now Buying In London’s prime property sector

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Entrepreneur Develops Food-Based Neighborhood

Cedric Naudon is a wealthy French entrepreneur with a penchant for fine food. Nothing notable there— French foodies are a dime a dozen. But unlike most those other foodies, Naudon owns half of a neighborhood in Paris, and his plans for the area would make anyone’s mouth water.

Naudon’s plan for the neighborhood, as featured in The New York Times, is to turn the area into an epicurean village called La Jeune Rue (Young Street).

Developed with the help of an international team of designers, the plans include a butchery, a cheesemonger, an organic bakery, an oyster bar, a fishmonger, ethnic restaurants, and a clique of neighborhood mainstays. The butchery will include a library to allow patrons to read all about the cuts on offer. Continue reading “Entrepreneur Develops Food-Based Neighborhood”

Colon Province Focus Of Renewal

According to gogetitnews.com, Panama’s underdeveloped province of Colon is about to undergo significant development ventures. Focusing on development of Colon, Panama’s second largest province, was a central aspect of President Juan Carlos Varela’s recent election platform. The Ministry of Public Works and the Ministry of Housing will work together towards renewing the province, including building better homes for the inhabitants. Furthermore, Varela has signed the tender calling for an urban renewal project, but exact costs and construction dates are currently unknown. According the gogetitnews.com’s report, the project will benefit about 25,000 people in the city by building up to 5,000 … Continue reading Colon Province Focus Of Renewal

World’s best 21 places to live, retire or have the adventure of your life right now!

According to the team at LiveAndInvestOverseas.com these are the world’s 21 best places to live, retire, or have the adventure of your lifetime right now… Enjoy the list, choose one and … retire today!!!

1. Argentina… From cosmopolitan Buenos Aires to Mendoza wine country…

2. Belize… Beaches, rain forests, reefs, Mayan ruins, and rivers…
plus one of the easiest places in the world to get foreign residency…

3. Brazil… A huge, diverse nation boasting excellent investment opportunity and bargain beach properties…

4. Chile… The ease and comfort of “First World” living, plus easy residency with little hassle…

5. Colombia… A land emerging as one of the next great expat destinations, specifically Medellin, a European-feel city with a Latin American cost of living… Continue reading “World’s best 21 places to live, retire or have the adventure of your life right now!”

The state of real estate market in Turkey from Lief Simon – LiveAndInvestOverseas.com

In this article I highlight Lief Simon’s poin of view regarding the actual state of the real estate market in Turkey. Enjoy!

The real estate market in Turkey wasn’t hit as hard as others around the world in 2008 and 2009. Values in some districts of Istanbul dropped by maybe 25% at the height of the downturn (about the same as in Panama)…but in just a year-and-a-half prices had recovered. That rate of appreciation (10% to 15% per year on average) has continued through this year and is expected to carry on indefinitely.

Specifically, real estate values in Istanbul were up 11.6% on average in 2013, according to the real estate company in Istanbul I spoke with. And 2014 growth rates are expected to be greater.

Despite these impressive rates of appreciation, Istanbul real estate remains a bargain compared with other global-standard cities. With a starting market price of around US$1,000 a square meter, middle-class housing in the Turkish capital can be an excellent bargain.

Turkey real estate
Turkey real estate

That said, to put things into some perspective, the 11.6% average rate of appreciation isn’t as impressive for the locals, as inflation in the country has been running about 9% a year. Still, real estate has been staying in front of inflation on average, making it a good place for Turks to park their capital. And I believe it’d be possible to realize appreciation well beyond the averages if you bought right. My real estate contact reports possible appreciation of up to 30% per year…again, if you know what and where to invest.

Foreign buyers also have to consider currency exchange rates. A foreigner who invested US$100,000 on Jan. 1, 2013, would have had an 8.5% loss in U.S. dollar terms on Jan. 1, 2014. On the other hand, rental yields in the 10% to 12% range could have made up for the capital loss. As real estate is a long-term investment, you can’t worry too much about short-term currency fluctuations, but you do want to be aware of them. Continue reading “The state of real estate market in Turkey from Lief Simon – LiveAndInvestOverseas.com”