Property is a long-term investment, says expert
Brought to you by Emerging Earth, invest with confidence in the emerging property markets.
The founder of the property investors network (PIN) has said that people should think of property as a long-term investment rather than a quick "get rich scheme".
Simon Zutshi said that it is a good time to invest in housing, particularly in the buy-to-let market.
"You need to buy now at a great price but be prepared to hold it for a while. You have to be able to afford the holding cost, as long as you can afford the holding costs now is a great time to buy property," Mr Zutshi commented.
Property portal Off Plan International recently singled out the Venezuelan island of Margarita as one of the best places to buy property in the Caribbean because of its low property prices compared with other islands in the region.
Isla Margarita is located 38 kilometres off the Venezuelan coast and is popular with tourists wanting to take advantage of the island's duty free status.
"With the increasing instability of the UK buy-to-let market, the fly-to-let market of Isla Margarita is among one of the best options available for property investors.
"With long term, stable returns to be found at developments such as Caracola, this offers not only excellent prospects for the appreciation in value of the property, but a steady income as well," Matt Legg, Emerging Earth.
Related News Article