PRESS RELEASE:
TOP 10 PROPERTY INVESTMENT COUNTRIES FOR 2009 REVEALED IN JET-TO-LET SURVEY BY JET-TO-LET MAGAZINE ON MON 16 FEB 2009 15:20 GMT
The top 10 countries of most interest to jet-to-let property investors in 2009 have been revealed in a survey conducted by property investment magazine, Jet-to-Let. In order to provide an up-to-date snapshot of investor intentions in 2009, Jet-to-Let magazine surveyed 500 new readers who recently subscribed to their free investment magazine.
The results, which provide an interesting comparison with a similar survey produced last year, show that investor’s remain keen to invest in property. Interest remains firm in some countries, has declined in others and there is a shift towards bargain properties in the United Kingdom and the United States. Over 36% of investors said they wish to invest in foreign property in the next 12 months, with 27% keen to invest in the next 6 months.
The number one country for investors was found to be Cyprus, which is unchanged from 2008, with France and the United States ranked second and third. There were three new entrants this year – India ranked at five, the United Kingdom ranked at eight and Greece in joint tenth place with Turkey. Dominic Farrell, editor of Jet-to-Let magazine and author of the bestselling property investment book, The Jet to Let Bible, says he’s not surprised that the United Kingdom had entered the top 10. “There are presently fantastic bargains in the UK for investors with the foresight and courage to see beyond the current economic climate. This is particularly so if buyers are holding strong currencies such as the US dollar or Euro which in some cases adds an extra 20% in terms of value” he says.
“France and Spain will always be in the top ten for UK and Irish buyers, but the relegation of Spain to number six reflects the change in market conditions and an erosion of confidence in the Spanish market,” Dominic explains. Brazil and Germany dropped out of the 2009 top 10 league, after being featured last year. Summing up the current choices of property investors, Dominic says, “Given the current economic climate and the negative media coverage of property investment, this survey shows that investors can see beyond today and realise that property has few rivals in terms of medium to long-term prosperity and risk.
Given a choice between equities or other financial instruments, I know where my money will remain. This is a moment of opportunity for investors and those who take action will reap the benefits in years to come. We will not always be in a recession and the economic policies being adopted now, will eventually bear fruit. The catalyst for a recovery will be a return to lending by banks around the world.” Notes for Editors Jet-to-Let magazine is a free quarterly subscription publication aimed at investors and homebuyers seeking superior returns in domestic and overseas property markets. It’s currently delivered to subscribers located in 74 countries worldwide. Jet-to-Let magazine is edited by Dominic Farrell, author of the bestselling property investment book, The Jet to Let Bible.
The groundbreaking magazine is a must-have source of quality investment advice for both novice and experienced investors alike and brings together the views of respected professional investors, developers, financiers and journalists.
For more details, or to subscribe for free, see www.jet-to-let-magazine.com
The Jet-to-Let 2009 top 10 results are:
- Cyprus
- France
- USA
- United Arab Emirates
- India
- Spain
- Italy
- United Kingdom
- Morocco
- Turkey
The Jet-to-Let 2008 top 10 survey results were:
- Cyprus
- France
- Spain
- Germany
- USA
- Morocco
- Italy
- United Arab Emirates
- Turkey
- Brazil
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