This is the third part in a four part series, parts I and II revealed the top 5 locations for short-term investment based on David Stanley Redfern research since the beginning of 2008, namely, the Philippines, Koh Samui (Thai island), Isla Margarita, Fiji and Cambodia, in that order, and this and part IIII will reveal the top 5 locations for long term investment based on the same research. Below you will find the top 2 locations for property investment.
1: Albania
Albania is currently the number one location for long term property investment because of its determination to become a full member of the EU in 2014, but more than that, the seeming determination of the EU to make sure Albania succeeds in gaining full membership. The most important relationship between this determination and property investment is the masses of money the EU, has, is and will provide Albania to develop economic competitiveness, infrastructure, and general prosperity.
Of course the EU would go to no such lengths if Albania was not showing incredible potential for economic growth in its own right, as more and more businesses relocate to emerging markets, and buy their consumables from emerging market traders in the massive global cost-cutting exercises.
Economic growth, which is secure in Albania's future until at least 2014, will generate increasing affluence within the population at large, living cost rises bring about wage rises, bring about living cost rises and so on, in a what-came-first-the-chicken-or-the-egg scenario. And house prices will be pushed up in line with that people can afford.
All the above means that you can predict stable and sustained growth in Albania property prices until at least 2014, at which point, the stable democracy, and semi-established market of Albania will have a fair chance of seeing continued property price growth from then on.
2: Panama
Since the Panamanian government announced plans to expand the Panama Canal in October 2006, Panama's economic growth has been off the charts, GDP growth around 11% year on year to be exact, property values have been growing at a recorded and sustained 25% per year over the same period.
Though Panama is currently growing into one of the world's main financial and banking centres, with good communications and first world amenities, Panama's dollar based economy is sustained largely by the Colon Free Trade Zone (largest in the western hemisphere) and the Canal, as well as services from the operation of the two including flagship registry and canal tolls.
The Canal is the only waterway linking the Atlantic and Pacific oceans, a massive benefit when it was created because of the number of ships being lost traversing the dangerous route via the Drake Passage and Cape Horn. The Canal is rapidly becoming too small for today's ships, and the expansion will not only double its capacity but quadruple revenues from its operation, which, combined with operation of the Free Trade Zone already accounts for a quarter of Panama's GDP.
The canal expansion will add new live to Panama's economic growth, which is likely to remain strong between now and its completion, making Panama excellent for long-term property investment.
Another benefit in Panama's property market is the fact that it is to American's, what the Costa's are to Brits. More American's buy their retirement homes in Panama than any other country. This provides a massive market for the resale of Panama properties, to ensure that growth in property values can be cashed in.
Find out more about the best investment properties around the world
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
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