http://www.guardian.co.uk/libya/story/0,,1826753,00.html

Buying in Libya could mean substantial capital growth, reckons Liam Bailey, head of residential research at estate agent Knight Frank. 'People are going to the nth degree to find the next hotspot. These sort of markets suit a certain sort of individual: the "pioneer buyer".' But anyone thinking of donning their shades and kitsch Gadaffi T-shirts - which are all the rage in the souks of Tripoli, apparently - and snapping up an apartment there should beware of the numerous risks they run.

Ha,

There is even more in the pipeline.

http://www.overseaspropertymall.com/region...-city-in-libya/

Ive thought for some time that Libya would be one to watch.

With world population set to be 9bn by mid century, less and less wars (yes believe it or not there are far less wars now than ever before and the tendancy towards peace is an unstopable trend, with the odd blip on the way), and growing global prosperity now is a key time to aquire assets.

50 years from now key assets such as beach front property will be extremely valuable commodities on the global markets.

Focus on avoiding being conned is the key skill required in a market such as Libya.

I think Libya is definitely one to watch too.

Thats right Marge, write off a whole nation based on prejudice and knee jerk neo - con style logic

I'm not laughing at a nation. I'm laughing at you.

Dogbox and I can cope with being laughed at. The margesimpsons of this world laughed at Panama, Dubai, Dominican Republic, Poland, Bulgaria, Romania etc etc when they first came on the radar. Now is the time for them to laugh at Jordan, Libya, Ukraine, Mongolia and others. The jokers will undoubtedly find the situation to be very different in 10-15 years' time.

Mongolia!! You guys get funnier and funnier. Honestly, I'm picking myself up off the floor here.

Eastern Manufacturing and Services Sector: In Eastern economies such as China, India and Indonesia (Far East) the main jobs growth in the next ten years is likely to come from manufacturing. Slowly but surely the services sector jobs growth with accelerate to support the growing manufacturing sectors. Super cities will develop that ave both strong manufacturing and services sector growth. Example of future super cities are:

· India: Mumbai, Bangalore, New Delhi

· China: Shanghai, Hong Kong, cities in Guangdong province, Xijang

· Vietnam: Ho Chi Ming City

· Indonesia: Jakata

· Japan: Tokyo, Osaka, Kobe

· Korea: Seoul

· Russia: Moscow, St Petersburg

· Singapore: Singapore

· UAE: Dubai

· Saudi: Riyadh

· Qatar: Doha

· Pakistan: Islamabad

· Bangladesh: Dakar



How to benefit: If you do further research on these cities – you’ll probably find a city that has undervalued property, exceptional growth prospects, and a stable political and risk profile. Property investment in international cities which you are not familiar with always has a higher risk profile – because of the chance of being taken advantage of, or not knowing legal and tax issues thoroughly enough. But logic dictates that the cities such as Bangalore, Ho Chi Ming City, London and Luxemburg have all the right ingredients going for them – massive population growth, hi-tech and banking services, wealth growth, shortage of land and relatively stable political outlook. China is also an obvious opportunity. For the more adventurous, Mongolia is also worth considering (mining boom and proximity to China will benefit this country – prices are very low at present).

Try doing some research!!!!

A little research for you before you invest in Mongolia:

Mongolia is three times the size of France - but has a population of just two million.

It is known as the coldest place in Asia, with bitterly cold winters lasting for six months.

Around half of Mongolia's population don't have access to safe drinking water let alone the funds to finance your ridiculous money making scams.

You'll be telling us mud huts are cheap in the Congo next so better get in quick.

It's not that I'm blinkered to opportunity. It's just that I'm not dazzled by fool's gold.

I'm not even thinking of investing in Mongolia actually, but the mining companies certainly are, which means there will be a great deal of FDI into the country over the next few years. My point was that you have to look beyond where a country is now and look where the economics are leading.

If you not all mouth and no teeth, please tell us which sources of information about Lybian property you know of.

Hello again Catara

I just love your sensitivity. Surely you know that as well as being an agent, I am most definitely all mouth and no teeth? Personally I've never heard of Lybia, but I just love the personal attacks you get on this forum.

Its hard work finding gems, but to write - off any nation that doesnt fit the usual investing mould is short sighted.

No doubt you would have had exactly this reaction back in 1999 when westerners started buying around Dubrovnic (I can hear you now "ha what muppets, dont they know these people are in perpetual war, go ahead buy some sheep farmers stone ruin!".

How about those that bought beachfront lots in Mexico last year for £20000, now selling for £200,000? Was that muppetry also?

Those properties have increased in vlaue by a factor of 10.

Right, so in your previous post you were discussing emerging property markets and included Mongolia in your analysis before telling everyone to do some research. Now you say you weren't even thinking of investing there - it's a mining investment opportunity.

If you'd read my post dogbox, you will have noted that I said that it's not that I'm blinkered to opportunity. It's just that I'm not dazzled by fool's gold.

You remind me of the poor souls who are fooled into buying penny shares in worthless companies with sales patter about how rich you would have been if only you'd bought Microsoft shares at the very beginning.

Just because one emerging property market pays off handsomely does not mean every emerging property market will - no matter how much you ramp where you choose to buy.

Incidentally I know Dubrovnik and Croatia very well, having visited that beautiful country many times - before and since the war.

Thanks for the tips

I am extremely cautious, in fact overly so which often leads to paralysis with me.

My point is one should not resort to knee jerk reactions for example to Libya. The wise investor knows he has much to learn and keeps an open mind. ften I find the laziest investors invest on the back of historic price action and so chosse the UK and Spain - afterall prices only go up, even though they have fallen for 17 years in Japan with high population density, low buildable surface, low unemployment and near ZERO interest rates. Prices only ever go up, of course they do


Never bought a penny share in my life. Did buy 27400 DawnayDay Treveria the British company set up solely to invest in German property and since last summer the shares have gone from 1.10 euros to 1.47 the other day.

[
Big article about property in Mongolia in today's Daily Telegraph.

Are you serious dogbox. have you heard of global warming. These beachfront properties that you are talking about wont exist in50 years time, they will be under the sea. A valuable commoditie i think not.

Maybe the sea water will rise and swap these properties. However I am not su sure about dogbox idea of less wars. Especially in hot countries and more towards the midle east there will be wars over water, drinkeable water. Libya with 9 million people might not have to feight for water but under countries will. Water is the most valuable liquid in the world, we can not live without it.

I definitely have to say I believe in Libya as well. With almost 1.800 km of Mediterranean coastline this country will get into tourism sooner rather than later; at the moment the only source of income is petrol, so my prediction is they will copy the model of the Gulf Region and hopefully look at Morocco´s Plan Azur as well. I am so convinced that I actually made a comment on Libya as a market to watch in the Sep 2006 edition of OPP Magazine (selling ´off-map´), when I was asked what I thought would be a market to watch.

Also see the following article:

Sharjah - August 9, 2006
After a series of pilot projects in the United Arab Emirates and beyond, and under the framework of their plans to expand into North Africa, Tameer have announced plans for a new project in Libya that comes at the cost 26 billion Libyan dinars ($20 billion). This project represents the largest gulf investment into the North African region, and the largest Arabic investment in Libya, on its own.
This huge project comes under the huge development that Libya is witnessing and is consistent with the future vision that the Libyan Government is striking to provide for its people. Tameer is the main developer of this ambitious project that has been formed through a strategic partnership represented by Tatweer Property Co - Tatweer and Tameer International and Arab Fund for Economic and Social Development with unlimited support from the Libyan government.
The agreement was signed under the auspices of the Secretary of the General People's Committee, Dr Baghdadi Al Mahmoudi, Mr. Omar Ayesh, Tameer President, and Mr. Hamid Elhouderi general manager of the Arab Fund for Economic and Social Development.
Speaking of this announcement, Mr. Omar Ayesh, President of Tameer Holding, said: "This project will be the gateway that combines both the modern designs and the unique heritage of the Libyan culture presented by history, traditions, origins and deep- roots. This project will be representative of the booming property, tourism, and trade sector in Libya."
He added: "This project will be the gateway that combines both the modern designs and the unique heritage and history of Libya. Tameer is always willing to penetrate new markets to invest in as we always enter new markets other companies have failed to enter into yet. Our investment today comes within this context, and we believe in the significance of this step as it will open the door for even bigger projects across the whole region.."
The project is located in the Eastern Valley that borders the Libyan Capital, Tripoli, on an area that exceeds 40 kilo meter square, and is distinguished by its beach that is considered as one of the most beautiful beaches on the coast of the Mediterranean. The project is complete city sized and includes residential and commercial towers, business centers, and tourism facilities that comprise of various services such as schools, universities, hospitals, gardens, playgrounds, in addition to entertainment centers, clubs, gyms, amongst other amenities. These facilities will be used when the residential base is completed and is expected to house a population that exceeds half a million people.
The project will have a unique and developed infrastructure that suits the size and vision of the development and includes the construction of smart homes, which with feature advance technology that will put it on a par with the world's leading international cities.
The importance of this development is that it is a complete city that serves all economic sectors, where it provides investment opportunities for the Libyan people in the fields of property investment, business development, construction and infrastructure. The project is expected to provide ample job opportunities in different specializations and for individuals of all abilities and experiences and levels. All of this is under an investment plan that combines the modern on one side and the heritage from the other, in a harmony with the Libyan people vision.
The benefit of the project is expected to include all the people in Libya through in both economic and social terms, through the participation of Arab Fund for Economic and Social Development, which is a governmental establishment aims for development and investment in economical projects and is the strategic partner for Tameer in the property developing company in the republic.
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