Invest in different property markets, advises expert
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Investors should be putting their money in a number of different property markets to diversify their interests, the German Property Centre has said.
According to Denis Madden, managing director of the property specialists, the best strategy for investing is to buy in different countries and "not put all your eggs in one basket".
Investors looking for a bargain in the Caribbean may want to consider the Venezuelan island of Margarita, a property expert recently advised.
Ryan Chana, senior partner and development manager Seven Continent Investment, said that Isla Margarita is set for a property boom.
The island, situated to the north-east of the Venezuelan mainland, has property that is up to 50 per cent cheaper than on more well-known islands in the region, according to the Right Move Abroad.
"It's got the infrastructure in place [and] it's got a growing GDP. Last year [there were] just over 2.3 million tourists so it's growing at around 15 per cent per year," said Mr Chana.
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