Investors will flock to Tunisia in 2009, in search of low cost real estate with potential.
Dubai, Egypt and Tunisia are the top property markets for investors in 2009, according to research by an international real estate company.
In spite of the economy, Dubai remains at top spot within the UAE, although there is increasing interest in Abu Dhabi, Ras Al Khaimah and Ajman, according to Marr International.
Analysts looked at traffic and enquiry trends from MI’s network of property websites and concluded that Dubai remained a good investment, as increasing population means more demand for real estate.
Budget off-plan apartments in Egypt saw a huge flurry of activity at the beginning of 2008 and the Red Sea area is expected to remain popular and offer good value for money as well as high capital growth throughout 2009, while analysts were surprised to see Tunisia come in third.
It proved popular with investors due to being served by a good range of flights and plentiful rental opportunities as a popular holiday destination.
“The trend for 2009 for Africa and The Middle East appears to show that overseas property investors are seeking low financial outlay with a great emphasis on off-plan or pre-construction property.
This type of real estate offers investors a greater chance to make larger capital growth and an opportunity to pay with their own money over a period of time,” said Nicholas Marr.
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