The dangers of overseas property investment

Well, I’m just back from a lovely holiday in Mexico on the Cancun coast - which is really more like America than Mexico.
There is a long lovely coastline with many miles of beach still to be built on.
And that’s the danger here because it is already being built on. The diggers are moving in and the supply of hotel standard accommodation is being added to all the time.
As a place it’s lovely. As a property investment, I wouldn’t go near it because all the new supply will ensure that rents and prices are kept low.
Indeed after the last 2 years of strong hurricanes, many owners have not bothered to fix their properties that were hit hard in the storms and many still lie boarded up. That really tells you all you need to know about the returns in this market. Sadly, the same goes for lots of other sub prime developing areas.
If you need more advice on where to buy property as an investment or buy to let please ask me. I’m David Lawrenson from property investment experts www.lettingfocus.com
I’m the author of the buy to let book “Successful Property Letting - How to Make Money in Buy to Let” the UK’s top selling property title.
I’m an expert on residential property letting and a well known property freelance writer and I contribute to newspapers and a host of property websites, write a property investment blog and run a landlords advice service - check out my columns for FinancialExpress.net and Archant’s “The Guide” magazine
I also work as a consultant helping banks, building societies, housing associations and web portals with their buy to let and property products and services.
You can read more of my property investment blog and details of my networking, advice, property seminar programme at my website www.lettingfocus.com.
My next London landlords networking meeting is on March 12th. Click here for details: Property Investment Advice
What’s unique about lettingfocus.com is that we offer independent property mentoring because unlike most people in the buy to let and property “advice” business we are not linked to a property company, developer, agent or bridging loan financier and do not receive commissions from any of these sources.
If a property investment is lousy – We’ll tell you straight and we will tell you all about buy to let and property investment - the good and the bad and we won’t make silly promises that you’ll become a millionaire overnight.
Copyright: David Lawrenson 2007. This blog is updated at least twice a week. Permission must be sought before using the material in the blog.