Investing in international luxury real estate is a highly attractive option for investors, with growing demand from the world’s rich and the advantage of investing in an asset that is less sensitive to economic fluctuations. If you are considering making this type of investment then here are some of the main advantages and things you need to consider…
Why invest in international luxury real estate?
One of the key benefits of luxury properties is that they tend to not be so sensitive to economic fluctuations. Purchasers of property at the luxury end of the market tend to be less price-sensitive, with buying decisions often being influenced more by individual preferences and requirements, rather than by market movement.
Another key advantage of investing in international luxury real estate is that such properties are very much in-demand in certain regions. Sales of high-end properties in places like Dubai, San Francisco, New York and London have increased greatly over the last few years. In addition, when property prices rise, it tends to be luxury real estate that gains the most in value.
Why invest internationally?
Most investors tend to look at their local market, however choosing to invest internationally provides you with much more choice and allows you to select a region where the property market conditions are ideal for the type of investment you are looking to make. In addition, investors in some places can benefit from more favourable tax conditions and other factors that make investment even more attractive. For example, a place that is popular with tourists can provide the opportunity to let out the property on short-term agreements through a website such as AirBnB, thus allowing the opportunity to generate higher monthly revenues. In places such as Dubai, the tourism and hospitality industry is doing so well that hotel investment has become a popular option for those wanting to profit from international luxury real estate.
Where should you invest in international luxury real estate?
When choosing a property market for investing capital, it is extremely important to do thorough research and select a market that stands the best chance of delivering strong investor returns and high capital gains. Investors should look closely into the recent performance of the property market, average sale prices and rental yields – and they should examine expert predictions of future market performance. Such data is available from property consultants such as Jones Lang LaSalle and Knight Frank. Other factors to consider include the political and financial stability of the country, location taxation schemes and currency advantages.
One of the most popular locations for investing in international luxury real estate is Dubai. The emirate is attracting luxury real estate investors from across the world, with the stable property market, huge choice of luxurious high-end properties and strong market demand making it an ideal place to invest. Dubai is a city that is ideal for anyone who wants to live the good life, with world-class business, leisure and shopping facilities. Dubai’s position also makes it an easy and popular destination to travel to, with the Dubai International airport recently overtaking London Heathrow as the world’s busiest airport hub.
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