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Argentina: Panama, Peru, Brazil Lead List of Touted Emerging Property Markets

2012/02/12

 

 

Panama, Peru, Brazil Lead List of Touted Emerging Property Markets

Rio Di Janeiro, Brazil

Investors looking for the next wave of residential increase should target Peru, Panama and Brazil, a new statement on world markets suggests.

Strong economic increase, low interest rates and continued housing boom make Latin America, in general, far additional appealing than other regions, according to the new recommendations from the World Property Guide, which tracks markets around the world.

The site's analysis, which is weighted toward rental yields, is less kind to Europe, where "property markets have not sufficiently adjusted from their 15-year rise." And while Asia valuations are skyrocketing, GPG believes the region is by now"over-valued," except for locales like Malaysia and riot-torn Thailand.

In general, the GPG sees stronger markets around the world. Nineteen out of the 36 nations tracked posted gains in the first quarter of 2010, led by Hong Kong, Singapore and cities in Australia. In most nations with drops, the pace of declines is slowing, the site notes, except for Ireland, Bulgaria and Thailand, which are in "severe crisis," the site notes in its quarterly statement.

 

 

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Panama City Towers

But for its mid-year recommendations, GPG steers away from Asia and the other hot markets to focus on the opportunities in Latin America. With low valuations, growing economies and under-valued currencies, even nations like Chile and Colombia provide better odds for appreciation than additional established markets, the statement concludes.

Panama, for example, offers "rapid GDP increase, good yields, lowish taxes, reasonably priced real estate, and reasonable round-trip costs make it hard not to put Panama on our inventory of recommended locations buying property, despite its history of corrupt government," the statement concludes.

In contrast, it's "too early in the cycle" to buy in Europe, although Turkey and Hungary are singled out as potential markets. And Asia offers too a lot of complexities, except for the markets already sky high.

"Looking at Asia does not yield a plethora of investment ideas, because each choice has a downside, either in terms of yields, or in terms of costs and taxes," the statement says.

There are opportunities in the United States, but the deals may be limited to the areas hardest hit by the financial crisis, such as Florida, Las Vegas and California.

Outside the U.S., "don't buy in parts of the world which have just come out of housing boom," the statement warns.

"In nations where prices have not fallen, they will fall (in real terms) as interest rates rise," the statement recommends. "Where prices have fallen, no need to hurry. Housing market recoveries tend to start slowly."

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