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World's 6 best places to invest in property

The past few years have been sobering for global property. Falling house prices have torpedoed buy-to-let markets all over the world. But millions of Britons are still tempted by the dream of buying a property in the sun, spending their holidays there and converting it into a nice little earner in their old age. Sinking hard cash into an overseas property always comes with risks. Yet there are a number of destinations where investing now looks far more attractive than 12


Grenada

Grenada only accounts for a small slice of the Caribbean market, but Ray Withers of Property Frontiers reckons now is a good time to buy on the Spice Island: “The government is about to introduce a Citizenship by Investment scheme, which should attract a new wave of wealthy buyers,” he says. Property prices soared in St Kitts and Nevis, another little-known Caribbean bolt-hole, when a similar scheme was launched.

On the market: Two-bedroom villa overlooking Grand Anse beach, £395,000

Barbados

As if the prospect of owning property in the jewel of the Caribbean were not enough, the Barbados government is dangling new carrots in front of high-net-worth individuals. It has already introduced new Special Entry Permit laws and is considering offering Economic Citizenship to overseas buyers. Not surprisingly, the top end of the property market is buoyant, with Chestertons reporting a 70 per cent increase in sales during 2013. This year should bring continued strong performance, driven by limited supply and the natural charms of the island.

On the market: Four-bedroom villa at the
Royal Westmoreland golf resort, £1.6m


Switzerland

Already perceived as a safe haven from eurozone problems, Switzerland, pictured top, has recently imposed strict limits on second-home owners. This has deterred some new developments, but led to a surge in demand for properties that already have the relevant planning permission. Mark Warner Property’s sales rose more than 100 per cent in 2013. The country’s other attractions, including stunning scenery and a stable economy, are going nowhere.

On the market: Units in a new ski-in, ski-out development in Grimentz in the Val d’Anniviers, from £110,000


Japan

As a ski destination, Japan is so far off-piste that not many Britons looking to invest in a ski apartment don’t have it on their radar at all. “There are amazing powder snow conditions in Japan from December to May and rental yields of around eight per cent,” adds Charles Weston Baker.

On the market: Four-bedroom chalet near Hokkaido, £700,000


Monaco

Even the super-rich have been a bit wary of Monaco in the past few years, but 2013 was “one of its best years for real estate in recent history”, says Alexander Kraft, the chairman of Sotheby’s International Realty. Prices were up by 10 per cent in the first quarter of 2013 and with high demand for a small if pricey housing stock, there is no sign of a slowdown. If you have the cash, the principality looks like a safe bet.

On the market: Apartments at the new
Tour Odeon, one of Europe’s tallest residential towers, from £14.95m


Krakow, Poland

It might seem a bit counter-intuitive to invest in Poland when so many Poles have moved in the opposite direction. But EU infrastructure funds are pouring into the country, and many multinational companies are investing there. Property in blue-chip cities such as Krakow, a fabulous destination in its own right, is starting to look like good value. This buoyant country is proof that, while certain overseas destinations remain evergreen, there is always room for punchy newcomers on the global property ladder.

On the market: Flats in a boutique apartment building seven minutes from the historic centre of Krakow by bus, from £60,000



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