Obelisk® International Reports on Security in Overseas Property Markets
Security of a property venture is a crucial factor when making investment decisions, and although emerging markets present some extremely profitable returns, there are some unique challenges.
Emerging markets offer the best possible returns from property investment and present a myriad of interesting and exciting opportunities from around the world.
With rapid growth rates, impressive capital appreciation and rental yields, Obelisk reports that these markets provide highly lucrative investments when compared with earnings in more traditional markets.
However, there are a number of actions to minimise any risks, leaving the property investor the freedom to sit back and enjoy the rewards.
Kevin Prior, Investment Director at Obelisk comments, ‘Countries that welcome foreign property investment promote positive actions such as favourable tax conditions and full ownership laws.’
‘The stability and growth of a country’s economy, as well as government reforms and the attitude to foreign property investment is highly important. Understanding a country’s purchase process covers all fiscal and legal aspects, and provides advance knowledge of any costs involved for a foreign purchaser.’
For off-plan projects, a comprehensive due diligence report (DDR) should include the review of the developer’s legal and financial records. The legality of the project will also be ascertained ensuring full licenses and permissions are in place.
The outcome of the DDR will highlight anything that could affect the seller prior to completion, as well as at latter stages. It is important to ensure correct legal guidance is received throughout a property purchase. No overseas property investment should be undertaken, without a lawyer who is proficient in local laws and processes.
Prior continues, ‘Using internationally recognised constructors, developers and agents who possess a visible portfolio, are experienced, and hold a highly regarded reputation within their field, can be a good indication that those companies will fulfil their obligations. This also allows a concrete insight as to final quality levels through evaluation of previous workmanship of these companies.’
Another consideration is foreign currency. Historic data will help establish any fluctuations and provides some insight into any risks. It is essential to obtain the best currency exchange advice and assistance possible. A foreign exchange specialist will cater for clients individual circumstances and recommend tailor made options. Stage payments are relatively common when buying off-plan so it is prudent to forward plan by fixing an exchange rate for a specific future time, therefore avoid currency fluctuations.
All Obelisk projects have been through a comprehensive DDR issued by highly recognised international lawyers, as well as extensive market analysis carried out by in-house professionals.
Projects are also chosen for the reputation of the architect, construction, development, and management partners; it is of the uttermost importance that the collaborating companies are highly regarded, accountable, and have a long-standing reputation for carrying projects to completion with the highest possible quality standards.
Where foreign currency is involved, Obelisk recommends a foreign exchange specialist to ensure clients are correctly advised on the most prosperous options available.
About Obelisk
Obelisk offers clients the opportunity to invest in specially selected real estate projects, from around the world. Clients are presented overseas property with an unrivalled opportunity potential and ultimately, return on investment. The service they provide to clients is based upon three key aims: price, profit, and performance.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on: 0808 160 0670 (UK)
or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005press@obeliskinternational.com
Emerging markets offer the best possible returns from property investment and present a myriad of interesting and exciting opportunities from around the world.
With rapid growth rates, impressive capital appreciation and rental yields, Obelisk reports that these markets provide highly lucrative investments when compared with earnings in more traditional markets.
However, there are a number of actions to minimise any risks, leaving the property investor the freedom to sit back and enjoy the rewards.
Kevin Prior, Investment Director at Obelisk comments, ‘Countries that welcome foreign property investment promote positive actions such as favourable tax conditions and full ownership laws.’
‘The stability and growth of a country’s economy, as well as government reforms and the attitude to foreign property investment is highly important. Understanding a country’s purchase process covers all fiscal and legal aspects, and provides advance knowledge of any costs involved for a foreign purchaser.’
For off-plan projects, a comprehensive due diligence report (DDR) should include the review of the developer’s legal and financial records. The legality of the project will also be ascertained ensuring full licenses and permissions are in place.
The outcome of the DDR will highlight anything that could affect the seller prior to completion, as well as at latter stages. It is important to ensure correct legal guidance is received throughout a property purchase. No overseas property investment should be undertaken, without a lawyer who is proficient in local laws and processes.
Prior continues, ‘Using internationally recognised constructors, developers and agents who possess a visible portfolio, are experienced, and hold a highly regarded reputation within their field, can be a good indication that those companies will fulfil their obligations. This also allows a concrete insight as to final quality levels through evaluation of previous workmanship of these companies.’
Another consideration is foreign currency. Historic data will help establish any fluctuations and provides some insight into any risks. It is essential to obtain the best currency exchange advice and assistance possible. A foreign exchange specialist will cater for clients individual circumstances and recommend tailor made options. Stage payments are relatively common when buying off-plan so it is prudent to forward plan by fixing an exchange rate for a specific future time, therefore avoid currency fluctuations.
All Obelisk projects have been through a comprehensive DDR issued by highly recognised international lawyers, as well as extensive market analysis carried out by in-house professionals.
Projects are also chosen for the reputation of the architect, construction, development, and management partners; it is of the uttermost importance that the collaborating companies are highly regarded, accountable, and have a long-standing reputation for carrying projects to completion with the highest possible quality standards.
Where foreign currency is involved, Obelisk recommends a foreign exchange specialist to ensure clients are correctly advised on the most prosperous options available.
About Obelisk
Obelisk offers clients the opportunity to invest in specially selected real estate projects, from around the world. Clients are presented overseas property with an unrivalled opportunity potential and ultimately, return on investment. The service they provide to clients is based upon three key aims: price, profit, and performance.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on: 0808 160 0670 (UK)
or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005press@obeliskinternational.com
posted by I'm a celebrity! at 9:56 am
0 Comments:
Post a Comment
<< Home