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Real Estate As elsewhere in the world the real Estate market has had a big wake up call since the start of the economic crisis. The market was overheated. More realisitic pricing should see a slight upturn in 2010. There is in the pipeline a substantial amount of residential projects these will not be able to complete until interest rates for mortgages are lowered to an affordable level. The govenment has an excellant starter homes project for first time buyers that will start to help in the second half of 2010. Location,location,location. We see some very good investment opportunities in a few areas for cash buyers and others who are willing to buy now and sit on the land for 3-5 years. Industrial/commercial land for future development in key locations is another buy and hold, Those planning to develop can take advantage of low construction costs as material suppliers and builders seek business. If you are planning to develop then early 2010 is a great time to buy and develop before the market and prices rise in late 2010/11. We have international consultant partners available to help our clients. |