property investment

The Cost of Property Around the World

A dream of owning your very own private island or small castle seems a bit far fetched when you are expected to dish out around £550,000 for a 1 bedroom, 1 bathroom, 50m2 apartments in central London.

But what if we told you that you could very well own your very own private island at about half the price of a small flat in London or even a mini castle of your own at basically the same price if you simply chose to live in a different location?

Property in the UK is incredibly expensive compared to property in other countries. There are various factors that contribute to this dramatic difference in property value such as currency differences and geographical location with regards to business centrals. These differences make it entirely a possibility for you to buy more affordable, more luxurious property in other countries.

In Andalucia in Spain, for example, you could own your very own 406m2 mill with 5 bedrooms, 2 bathrooms, a terrace and playroom for as little as £282,354. Does paying 94.79% less per square meter surprise you? Then prepare to be amazed.

In Belize in Central America, you can buy a 4070m2 private island with a jetty and pool for as little as £291,171.

These property prizes are astonishing and definitely worth considering whether you are interested in property investment or in purchasing a holiday home outside the UK.



In the following infographic, you can check out a few other fantastic property deals in different countries across the globe that will give you a much better idea of what you could get if you just think outside the box.

 


Debunking The Biggest Myths Of Property Investment

6988181354_9384f994eb_z

File Credit

If you’re looking at making some investments, you might have considered purchasing property. Now before you get the wrong idea, we’re not suggesting that investing in property is a bad move. It could be an incredibly smart decision, but you need to know what you’re getting into. Unfortunately, there are a lot of myths that you might believe about property investment that simply aren’t true. By debunking these, we can stop you making some of the common mistakes on the property market.

You Can Build Anywhere

Technically, you can buy any plot of land that’s for sale and build on it. That’s just common sense, but should you? This is a completely different question, and the answer is no. If you’re considering purchasing land that isn’t being developed, think about why it’s been left. Is it close to transport links? Would there be a market of people who were interested in buying? Is there a problem with the land? For instance, it might be on a floodplain which will make it a nightmare for you trying to sell it. You need to ask yourself these questions before you consider buying land for development.

It might be better to buy somewhere that is already being developed like bridgefield estate. Since development has already started in areas like this, there are people looking to buy. You’ll have no problem selling the property on once you’re finished with it.

It’s An Easy Venture

No, it’s not, and anyone who tells you otherwise is lying. If you’re investing in property to sell, you’ll spend a lot of time getting it ready for the market. You’ll need to speak to contractors, designers and lawyers. But that’s not all because you will also need to make it attractive and presentable. Believe it or not, selling property is the easy option. Letting it out requires even more effort because you take on the responsibilities of a landlord. You have to live up to those responsibilities too. Otherwise, you can be sued for breach of contract by your tenants. Don’t invest in property if you’re looking for an easy ride because you definitely won’t get one.

There’s No Risk

We can’t count how many articles we’ve read telling people that investing in property is low risk. When you’re dealing with the massive amounts of money you’ll need to spend to invest in property, there’s always going to be a risk. Once you’re in, you can’t just sell what you own and move on. This could leave you with a huge loss and that’s assuming the money you used was yours, to begin with. Most people borrow to invest in the property market and then pay it back once they profit. That’s a fine approach to take, as long as you don’t expect profits to be instant. They won’t be.

You Need To Be Rich

Do you need to be rich to invest in property or could investing make you rich? It’s definitely the latter. You need some cash in the bank to get started, but you won’t need a fortune. Particularly, if you take the sensible approach and use a long-term loan. With this approach, you can borrow money at low interest and buy the property you want to invest in. Make sure you speak to a professional broker about this possibility. They’ll help you get started and point you in the right direction.

Now that we’ve debunked these myths you can invest in property without misguided beliefs.


Greatest Property Investments In History

Property Investments

Property Investments In History

These days, nearly everyone feels the need to own a home–the bigger the better. We often feel a sense of satisfaction with owning our own plot of land. In spite of our feelings of accomplishment when purchasing property, any effort we make is dwarfed by the massive property purchases recorded in history. Today, a land purchase of a few acres seems like quite an investment. When we examine land deals from the days when entire continents were basically up for grabs, it is hard to imagine the scope of such purchases. Although there is the rare, occasional example of a massive private land purchase, deals made by governmental powers take the cake. Check out our list of some of history’s most impressive land deals below.

The Louisiana Purchase

Can you imagine purchasing over 800,000 acres of land? Why not try over 800,000 square miles. That amount of land is almost impossible to visualize. You could drive through Louisiana, Texas, Oklahoma, Kansas, Nebraska, South Dakota, and Montana and only cover part of it. In 1803, the United States government, under President Thomas Jefferson, acquired 828,000 square miles of land from France in the Louisiana Purchase. This deal was one of the greatest land investments in all of recorded history. It covers fifteen current U.S. states and includes a sizeable portion of the country’s geographical territory. The government got the land for quite a steal by forgiving some debt to the war-plagued French empire and paying about three cents per acre for the purchase.

The Alaska Purchase

Only a little over a hundred and fifty years ago, the United States yet again made one of the most impressive land purchases in human history. This time, the U.S. bartered with Russia in order to secure the land known today as the state of Alaska. If you have ever looked at a map and wondered how the U.S. ended up with a state so far to the north of its contiguous territories, you will be satisfied to learn that cost was a deciding factor. Led by Secretary of State William H. Seward, the government purchased the land from cash-strapped Russia. The buy soon became known as “Seward’s folly” in the U.S. senate, although the value of the territory was soon realized with a wealth of natural resources, including gold.

Rupert’s Land Act

In 1868, Great Britain moved authority of the area known as Rupert’s Land to the Dominion of Canada. Yet another mammoth governmental land deal, this one included the massive area covered by the Hudson Bay drainage basin. This original land in this deal icovered parts of  modern-day Saskatchewan, Manitoba, Alberta, Ontario, Quebec, Minnesota, North Dakota, Montana, and North Dakota. A purchase of territories and states of any size would rank as supreme in land purchase history, but we must keep in mind that these states and territories are especially large. This property formerly belonged to the Hudson Bay Company for over two centuries before it became a part of the largest land purchase in the history of Canada.

Guest post by contributing author Richard O., written on behalf of Environmental Data Resources.


%d bloggers like this: