Finlandia Fantasia
In a new article sceptically entitled ‘Real Estate Recovery?’ Peter Lloyd noted “Then there was a very interesting article in a UK Sunday newspaper which listed Thailand as having the world’s third highest price rises in the first 3 months of this year recording a 2.7% increase (Jersey and Finland with 5.6% and 4% increases were above Thailand). I don’t know how they got their statistics, but let’s assume there is some proof to justify them, however they were collated.”
I don’t know where they got their statistics from either, but why on Earth would Finland be faring so well? After all, is it not one of those cold places like Iceland, scene of the worst property crash in living memory? Iceland has Bjork and fish and toxic debt. What about Finland? Wait, what’s this coming down the newswire…
“Intel and Nokia Announce Strategic Relationship to Shape Next Era of Mobile Computing Innovation”
“Further uniting the Internet with mobile phones and computers, Intel Corporation and Nokia today announced a long-term relationship to develop a new class of Intel® Architecture-based mobile computing device and chipset architectures which will combine the performance of powerful computers with high-bandwidth mobile broadband communications and ubiquitous Internet connectivity.”
Thus spake the world-reknowned EarthTimes. So Finland is high tech. Then of course, Santa lives there, and that’s a seriously global brand, bigger even than Nokia.
Not just the name of the original, Levi is the official FIS Alpine Ski World Cup resort located in Northern Lapland, a lively upmarket holiday town.
DSR Asset Management are offering the superior yet reasonably priced Snow White apartments in this holiday hot .. er cold spot.
A guaranteed rental income until the end of January 2011 is just one of the reasons for buying into the several luxurious properties situated at the foot of the ski slopes.
Each unique flat offers stunning views onto the slopes or the adjacent golf course. All the ground floor apartments have gardens, the first floor apartments come with spacious balconies, and the penthouses have large panoramic terraces. All have under floor heating and a private sauna and come with a plethora high spec mod cons including audio/visual installations, monogrammed towels and personalised loofas. Well I am sure you could ask for the latter as a rider…
Prices start from €150,800 for a Studio apartment which sleeps up to 4 people, and stop at €437,900 for a 3 Bedroom Duplex Penthouse which can house 8. Finance of up to 50% is available. The nearest airport is only 15km away in Kittilä, with direct flights from the UK and other many other national airports.
In Levi there is a wealth of activities for you to choose from besides skiing and golf – depending on the season you can go on Snowmobile safaris, Husky sledge treks and Reindeer safaris. There is also ample opportunity for fishing and canoeing on the beautiful Lappish lakes, surrounded by breathtaking scenery in the fresh pure air. Mountain biking and hiking trails are plentiful.
Levi offers a variety of places to eat, and the shops in Levi remain open all year, making Levi more than just a winter destination.
For more information about this unique property visit www.davidstanleyredfern.com
DSR Asset Management Ltd is an established leading overseas property specialist, working closely with selected developers in many countries to provide an exclusive turnkey service for the discerning investor.
For more infomation about Property Finland
About DSR Asset Management Ltd
DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR. education programme which lectures individuals and organisations on property investment.
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Hotel Groups buy in Australia
DSR Asset Management report that Investors large and small are flocking to Australia looking for investments with security and good returns.
In one of the few hotel transactions to occur in Australia 2009, the Holiday Inn Adelaide has sold to Malaysian group, Hotel Grand Chancellor, for approximately $35million.
“Despite the current economic climate, the Adelaide hotel market has continued to perform well relative to other capital cities,” said Mark Durran of Jones Lang LaSalle Hotels’ “With these solid market fundamentals, the purchaser was attracted to the re-positioning potential the hotel offered though a refurbishment and expansion of the guest room inventory.”
The sale of the Holiday Inn is one of just a few major hotel transactions in Australia to occur this year. To-date there have been total hotel sales of $366million with the most notable deals including the Courtyard by Marriott North Ryde, Hyatt Regency Adelaide and Park Hyatt Canberra, all of which were negotiated by Jones Lang LaSalle Hotels.
David Redfern, of DSR Asset Management added “We have seen the volume of business in Australia growing month on month during Q2 and Q3 of 2009. Australia is becoming a “must have” addition to everyone’s investment portfolio”
DSR offer investments in a variety of locations in South Australia.
For more infomation on Property Australia
About DSR Asset Management
DSR Asset Management is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
Canada’s Housing Market is awe inspiring”
“The awe-inspiring rebound in Canada’s housing market just keeps rolling along,” said BMO Capital Markets deputy chief economist Douglas Porter.
National home sales soared 18 per cent, year-to-year, in the third quarter to a total of 135,182 units, on an unadjusted basis, and average prices rose 13.6 per cent in September from a year earlier to $331,602.
Seasonally adjusted home sales activity now stands 48 per cent above the low reached in the fourth quarter of 2008, The Canadian Real Estate Agency (CREA) reported, a fact that might have prompted Canada’s major banks to hike mortgage costs this week to a posted five-year fixed rate of 5.84 per cent.
At the same time, September listings of homes for sale posted the largest decline in more than six years and are down 16 per cent from one year ago, resulting in a very healthy imbalance in supply and demand.
“Firming home prices and an improving economic environment should eventually lure back more sellers and restore a healthier market balance,” said Martin Foster of DSR Asset Management, “but for now expect continued upward pressure on prices.”
Canada’s hot housing market may have more room to run as buyers scramble to lock in at low rates, but a lack of supply is driving up prices. Enquiries for DSR’s land plots and homes in and around Montreal are at record levels.
For more infomation on Property Canada
About DSR Asset Management
DSR Asset Management is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
Luxury Living in Langkawi : The Land of All One's Wishes
Malaysia property has been relatively unscathed in the global investment property according to the independent Global Property Guide for 2009 which shows the region is 9th out of 91 territories, currently yielding average rental incomes of over nine per cent.
Described as Malaysia’s best kept secret, Langkawi is the largest of 99 archipelago islands situated 30km off the west coast of Malaysia. With a particularly benign climate and stunning environment it is surrounded by pristine white sand beaches, coral reefs, limestone coves and minor islands with crystal clear waters. Inland is mountainous, covered with ancient rain forest and riddled with bat caves and tunnels. The great majority of the island’s residents speak English.
Recognised as one of the most stunning resorts in the world by the cognoscenti it boasts 5* hotels, excellent shopping, superb multicultural cuisine and caters for a wide variety of interests and activities including sailing, diving, golf, exploring and all manner of extreme sports. Nature lovers will find it teeming with tropical flora and fauna. The marine biology is particularly diverse.
Since 1987 Langkawi has had duty-free status and this has encouraged tourism. However, development on the island has always been strictly controlled. Furthermore it was designated a UNESCO World Geopark in 2007. Quality real estate will therefore be in supply, and is set to be in increasing demand now that direct flights from major cities like London are making the Langkawi experience more accessible.
DSR Asset Management . have a number of exclusive properties on the island available for sale in 2009. Malaysia’s leading heritage architect, commissioned specially for this sensitive project, has specified the finest natural materials to create Villas with a traditional/contemporary Asian design in harmony with the landscape. Properties all come with private swimming pools, and interiors are finished to the highest standards using local hardwood and marble. Roofs are concrete-tiled to blend with the vernacular architecture.
As well as securing a residence in one of the most sought-after locations in the world, purchasers can have their property fully managed by a local hotel group with the potential to generate healthy rental income.
About DSR Asset Management
DSR Asset Management is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR. education programme which lectures individuals and organisations on property investment.
Finland Property Market
Finland property prices grew by 97% between 1995 and 2005, which is an average taken from the capital appreciation throughout the Finland property market — with some areas growing more than others. Though analysts have commented that Finland property price rises have slowed since 2005 they have only slowed to around the 8% mark, which is still a very respectable figure for an established property market like Finland.
Like I said the figure of a 97% rise in Finland property prices in the last ten years is an average of price rises across all property in Finland, some places have seen property price rises well above the average.
Investment Property in Finland
Finland investment property is a relatively new phenomenon. But as skiing and outdoor adventure holidays grow in popularity, Finland property will continue to become more and more popular with holiday home buyers and investors. Finland investment property is most popular in places like Lapland, where the range of year round activities as well as ski resorts like Levi and its ability to guarantee six months of world class skiing conditions, give Finnish property all year round rental potential.
Finland investment property in the new emerging markets like Lapland is looking at growing in value by around 250% in the next ten years. Finland property, especially new luxury off plan developments in the areas most popular with tourists are expected to fetch rental yields of 8-12%.
Our Finland Property
Our Finland property is just that, luxury off-plan apartments in the aforementioned Lapland, Levi to be precise; right at the foot of the downhill ski slopes. The apartments come fully furnished, and with a guaranteed yield of 6% for the first five years, or the option to take on management earning the full potential 8-12% yield less a 15% fee. Our Finland property is widely regarded as one of the finest investment opportunities on the Global market.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment.
Property Philippines
The Philippines property market is currently one of the hottest in the world. Affected worst by the Asia economic crisis, since Asia began to grow again the Philippines is fast becoming the commercial hub of south East Asia. Its low starting point has also made Philippines property
a hot favourite with investors.
The massive growth potential of Philippines property is fuelled by the level of new businesses and foreign investment the Philippines, especially Manila is attracting. Philippines property is expected to grow in value by no less than 24% for the next five years and possibly even more in the next 2-3 years.
Investment Property in the Philippines
Philippines property considered worthy for investment purposes, is currently mainly in Manila. Philippines investment property with the most potential is off-plan apartment complexes, high rise towers in Manila’s financial and business centres.
Philippines property like that is attracting rental yields of 10% already, and that figure is expected to climb in the coming years. Because of its massive growth potential, Philippines property was number one for short-term investment in the David Stanley Redfern research department’s top ten.
Our Philippines property is a three tower development of apartments in Manila’s main financial district, Makati. As Philippines property goes, the Atrium towers have found the perfect balance between luxury and affordability. Their low price makes them a favourite with investors hoping to capitalise on the huge growth potential of Philippines property.
Construction costs in the Philippines are expected to increase by more than 35 percent this year due to record oil, steel, cement and global shipping prices on the back of US Dollar devaluation.
Nearly all construction materials used in the development of Philippine high-rise buildings are imported. With the strong depreciation of the US Dollar value in the South-East Asia combined with record high oil prices that may see crude hit 150/160 USD per barrel in July and August 2008, construction materials exported from China, Korea, Malaysia and Taiwan, together with their shipping costs, continue to increase in price at a phenomenal rate as exporters of steel reinforcement bars, electrical wirings, aluminium, copper based components and Portland cement in the region are set for upwards of 40/50 percent price increases.
Developers of the Lancaster The Atrium Towers in Manila stated they would increase prices of apartments by 10 percent, effective July 16 2008, but clients who reserve now through can take advantage of current prices and see an immediate return on their investment. Not to mention obtaining 70% interest free non status finance.
This is the perfect opportunity to get into a hot market as Philippines property is expected to grow in value by no less than 24 percent for the next five years and possibly even more in the next 2-3 years.
Philippines GDP has been rising by over 5 percent year-on-year and Manila has fast become a major S.E Asian trading post and is no competing against Bangkok as the commercial gateway to the East.
And despite the high prices of foreign imports such as oil hitting the economic growth is expected to slow between 5.2-6.2 percent this year – property prices in the Philippines are being kept buoyant by a huge housing backlog, low interest rates, friendly payment terms, higher incomes of workers in the growing outsourcing industry, and a rising expatriate population.
The housing backlog of 3.8 million units, in particular, has left 70 percent of the country’s estimated 90 million population without their own home. This is the big difference between now, and the property boom before the Asian crisis of 1997-98. The demand for housing is not speculative; it is not investor driven; but rather end-user demand driven; a specific demand that is being addressed.
And despite the rising costs, construction continues to boom across much of the country, especially in Manila, a mostly low-rise city where dozens of residential towers are beginning to dot the skyline; at least 38,000 new apartments will be available by 2013 in the Makati financial district and in nearby Bonifacio Global City alone.
It is in Makati that The Lancaster the Atrium Towers are situated, in the heart of the central business district. Off plan prices per m2 in this district have grown by 40% in the last 24 months and the promises higher than average yields of around 12 percent.
But by buying through the overseas property specialists, David Stanley Redfern, investors now have the chance to see a return of 10 percent capital appreciation in just a few days.
Find out more about Philippines property.
Media enquiries should be directed to: media@davidstanleyredfern.com
Dominican Republic Shakes Its Caribbean Property Investment
The Dominican Republic is the best Caribbean island to make a property investment on because it is one of the least developed Caribbean countries, therefore living costs are the lowest, and people can go there on holiday with half the spending money they would need elsewhere in the Caribbean. Tourists are a shrewd bunch themselves, and this fact has turned the Dominican Republic into a tourist hotspot. Increasing tourism then helps the economy and the development of the island as a whole.
However, the currently under-developed state of the country means that property prices there are lower than the other Caribbean countries – much lower. For instance you can pick up a 1 bedroom apartment in David Stanley Redfern’s Sosua development and accompanying tourist resort for only £30,000. Between five and ten minutes from the beach, upstairs apartments have sea views and the development surrounds a stunning communal pool. Nearby beaches are Sosua beach, Kite beach, and Cabarete bay.
A 1 bedroom Dominican Republic Caribbean beach house, literally right on Cabarete Bay’s fantastic beach is only £67,000 in David Stanley Redfern’s Oasis development.
Contrary to common belief about the Dominican Republic, these properties low price and their location in a tourist centre gives them the possibility of bringing their owner a decent rental yield of 6-8%. Common belief and a fact is that Dominican Republic rental yields are low, and while residential yields will very rarely reach over 4%, a holiday letting property is a different kettle of fish.
Capital Gains and rental income are taxed at a flat rate of 29% for foreigners, capital gain is calculated by deducting the acquisition price, after it is adjusted for inflation, from the selling price, property tax is a nominal 1% of the property value, and inheritance tax is a reasonable 3%. Round trip transaction costs are a moderate 10.3%.
Overall Dominican Republic investment property is currently a golden opportunity because your getting a Caribbean property for lower than you can anywhere else with a Caribbean coastline. The gap will close soon though as the tourism develops the economy and prices start to rise in line with what they are worth on the global market as oppose to being affordable to the local population.
Find out more about Dominican Republic investment property at: http://www.davidstanleyredfern.com/investment-property/dominican-republic/
About David Stanley Redfern
David Stanley Redfern is one of the U.K.’s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market’s regulatory body, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed at media@davidstanleyredfern.com
Finland's Lapland Property: Levi Yourself Breathless
The Aurora Sky hotel apartment complex in the winter — and summer — wonderland of Levi has just become an even hotter investment property. Expected rental yields on the development have always been 8-12%, but the new ski-lift that has been approved for building right opposite the main entrance will increase rental yields by making it a ski-in ski-out hotel.
With up to 90% finance available and such gains expected, as well as an optional 6% guaranteed rental yield for the first five years or rental management for a 10% fee, there is no doubt that Aurora Sky apartments are excellent investment properties, but not enough is said about just how wonderful they are as holiday homes.
Levi is a vast expanse of beautiful scenery, with only the occasional row of houses making a dent in the gorgeous landscape, of course there’s the well equipped Levi ski-resort, and the breathtaking mountain reaching up toward the sky from it, but apart from that it is largely unspoiled by modern development.
The Levi residential property development, including the Aurora Sky apartment hotel is going to be a self-contained holiday village just yards from one of the Levi ski-resort’s downhill slopes, including shops where you can purchase the day to day essentials, as well as designer gear and skiing equipment — the latter can also be hired from the resort.
But skiing is not the only thing that draws tourists to Levi; there are a whole host of other popular activities in summer and winter including:
Husky dog-pulled-sled rides
Hot-air balloon rides
Reindeer rides (at Christmas)
Fishing (ice-fishing in winter) in the nearby Levi lake
Snow-mobile safaris
Nordic walking
Admiring the Northern lights tourist attraction
On top of all that and just being in amidst such beauty and clean fresh air, being in the home of Santa Claus is a benefit in itself for families with children. Only after you have considered all its beauty should you consider buying an Aurora Sky apartment as an investment. When you do the fact that your money is held in a government ordered escrow until you get the keys is also a benefit, because if anything stops the development, or you just change your mind you can get your money back minus a small administration fee.
Find out more about Finland property
About David Stanley Redfern
David Stanley Redfern is one of the
Media enquiries should be directed at media@davidstanleyredfern.com.
Canada’s Resilient Property Market
It wasn’t so long ago that when the US caught a cold, Canada caught pneumonia. But Canada’s financial prudence has helped it sidestep the sharp home price declines being experienced in countries including the US, Britain and Spain.
In the past decade, prices of existing homes in Canada have risen by about 55 per cent, while new-home prices have risen by about 27 per cent. Most economists are forecasting a small increase in prices this year despite the turbulence next door.
It is indeed a much different story in the US, where home prices dropped by 14.1 percent year over year in the first quarter of 2008; a record price decline occurring five times faster than the last US housing recession.
But unlike the US, Canada’s housing boom was the result of supply catching up with pent-up demand that followed the downturn of the late 1980s and early 1990s. And the country’s conservative mortgage culture has helped protect Canada from the excesses seen during the US boom where subprime mortgages have crunched the market.
Canada is in fact posting a very different scenario. And Sheryl Kennedy, Canada’s central bank’s deputy governor, said this week: “The Canadian housing market does not appear to be characterized by excess supply at this time. The proportion of unoccupied, newly built dwellings in most cities remains below historical averages, suggesting that a major widespread reversal in house prices is unlikely in the near term.”
David Stanley Redfern has two properties in Canada. The Rouge River Development is part of a resort voted best in Quebec eight years running. Investors can choose from a selection of land plots on which to construct a custom designed property or new lodge or chalet. Around 100 miles of the Rouge River runs through the resort, with fantastic trout fishing, kayaking, canoeing and white water rafting. While a 100 mile bicycle track weaves through the forest along the river bank, through the woods. In winter the bicycle track becomes a cross country ski and skidoo trail.
In Toronto, David Stanley Redfern, has a new property designed by world renowned architect Peter Clewes. The Pier at Queens Quay is an innovative pair of 12 storey towers topped with a three level bridge containing dramatically different penthouse suites.
All units will have a large balcony, or terrace, and residents will have access to extensive indoor and outdoor facilities including swimming pool with cabanas and panoramic views of the lake.
Toronto is one of the only places in the world where rental yields rise in line with property size, and Canada is the only established market in the world which has average yields of around 8 percent.
Find out more about property Canada and buying property in Canada.
About DSR Asset Management
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
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Invest in Albania's Long-Term Growth and Stability
Albania’s government has told the International Herald Tribune that it has taken out a 66.2 million euro loan from the Japanese government to modernise and overhaul its canal system and build a sewage treatment plant. The deal, which gives Albania a forty year period to repay the loan, was signed June 30 2008.
This is just the latest in a series of major financial commitments made by the Albanian government, including a 25 million euro loan from Austria at the beginning of last month to help Albania meet its requirements for EU entry, and another major loan taken by the Duress port authority from the European Bank for Reconstruction and Development to renovate the existing quays and build a new terminal at Albania’s largest port.
All loans taken out by Albania are directed at improving the country’s infrastructure with a view to aiding its flourishing track record for economic growth, which has been almost constant since it left Communism behind in 1992. It is a testament to Albania’s economic performance since 1992 that it is taking out loans as oppose to receiving grants, it has had the economic power to take out such loans since the World Bank upped its designation to a middle-income country in 2007.
The Albanian government has an exemplary record for managing the country’s economy, maintaining strong growth while keeping inflation low. The fact that it is taking out these major loans is a major indication of their forecast for the Albanian economy, which they clearly expect to continue growing strongly. And they are not the only ones; David Stanley Redfern’s head of international research, said:
“Albania is one of the best places in the world to make a long-term property investment, not only is the government proving their competence time and time again by generating substantial economic growth in its own right while maintaining low inflation. But Albania is all set to become a full member of the EU in 2014, EU loans during this period will bolster the economy and continually aide schemes to develop the infrastructure, which then aides further economic growth, and then Albania’s economy will be further boosted by reduced trade tariffs, repatriations from Albanian’s going abroad to work, and a whole host of other benefits of EU membership.”
One impressive factor that has come from Albania’s economic growth of this decade is that a quarter of the population’s poorest were brought out of poverty between 2002 and 2006, and unemployment continues to fall, at the same time as wages rise. As Albania’s internal wealth and affluence continues to rise, living costs rise, and property values are continuously pushed up. But another benefit is that there will be plenty of Albanian’s looking for homes, when investors decide to collect on their long-term investment gains. All round Albania is perfect.
Find out more about property Albania and buying property in Albania.
About DSR Asset Management
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
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