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| International Housing Boom |
| 14 January 2008 |
| The international housing boom
While the US real estate market is recovering, many investors are looking at investing internationally. These days purchasing real estate in other countries is the new trend. Consider this: the total value of residential properties in developing economies rose by more than $30 trillion dollars. As these countries start to whittle away at the GWP—the world’s GDP value, their property values will continue to rise. This translates into a golden opportunity for real estate investors.
One of the best cities for real estate investment has been Dubai, a city located in the United Arab Emirates that brings in 800 new residents a day. With so many new residents, the Dubai government is working hard to prevent a shortage of the housing supply. Therefore purchasing properties is made simple, even for international investors. Prices are considerably lower when compared to properties in the United States or Europe. “A house in New York may cost five times as much as a similar house in Dubai. Also, the average property currently appreciates 10%-15% per year in value, giving investors a good return,” says Andy Weitnauer, an experienced real estate agent.
The most difficult part for investors is locating international properties; however, an online company called UniFersal.com is simplifying this process. “I like to use UniFersal.com to locate international properties with the potential of high returns,” says Weitnauer. UniFersal.com (http://www.unifersal.com) is a website devoted to connecting sellers and buyers around the world. “The website itself contains properties listed from all over the world. The chat and â€make offer’ tools simplify the negotiation process and help buyers get more in touch with the seller. All together, this website makes a great resource for anyone looking to penetrate the sizzling real estate market in developing countries.”
UniFersal.com specializes in connecting buyers and sellers from all over the world.
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