'Lucrative opportunities' for investors looking further afield

Thu, 21 Jun 2007 00:00:00 GMT

Investors could be missing out on significant opportunities if they only look to purchase properties in traditional holiday destinations, according to one expert.

Research by Foreign Currency Direct found that 15 per cent of overseas property investors own properties in Spain, with a further 12 per cent entering the French market, reports Easier.

However, the firm suggests that the markets in Morocco, Hungary, Cape Verde and Poland may offer a great deal of potential to investors.

Peter S Ellis, chief executive officer of the firm, said: "There are so many more lucrative investment opportunities that could be made if the British public invested in properties in lesser unknown and up-and-coming destinations."

Stephen Hayes, managing director and portfolio manager of Perennial Real Estate Investments, recently said that now is a "good time" to be a property owner in Europe, the Financial Standard reports.

Mr Hayes suggested that the growth of real estate investment trusts Italy and Germany had helped to strengthen the market.

Positive evaluation from Fitch Ratings for Cape Verde

Mon, 21 Nov 2005 10:55:00 GMT

The international agency Fitch Ratings has confirmed the relatively comfortable position enjoyed by Cape Verde in terms of long-term foreign currency risk, giving the archipelago a B+ rating. The long term domestic currency rating was classified as BB-. The perspective regarding the two ratings is stable and the country’s plafond was rated as B+. According to Fitch Ratings, the B+ long-term foreign currency evaluation is supported by the progress made by Cape Verde in the realm of economic reform, the reduction in budget imbalances and foreign debt, and the increase in international reserves. The outlook is also supported by Cape Verde’s political stability, a key factor for the attraction of foreign investment and the development of tourism. According to Fitch ratings, the Cape Verdean economy in 2005 has seen a higher-than-forecast growth rate, with increasing revenues from tourism, remittances from Cape Verdean émigrés and direct foreign investment. The agency believes that this positive evolution is the result of the successful reforms carried out by the Cape Verdean government. London-based Fitch Ratings is one of the world’s most prestigious ratings companies. Its classifications in terms of sovereign risk are used as a guide by investors before deciding where to apply their international funds. Cape Verde’s appearance in the Fitch Ratings guide, particularly in such a comfortable position, is in itself an important reference at a time when the archipelago is seeking to internationalize its economy. The sovereign risk classification represents the likelihood that a particular country will liquidate its commitments fully and in a timely fashion. It is considered a reliable evaluation of the political, economic and social evolution of a given country and permits comparisons with other nations.

Real Estate & Currency Exchange News in Cape Verde from Propertyshowrooms.com

'Lucrative opportunities' for investors looking further afield

Positive evaluation from Fitch Ratings for Cape Verde