Suggestions please for an emmerging area that hitherto has been a basket case (example Moscow 1991).

Looked at Kiev - but its already increased lots.

ANY ADVICE ON THE FOLLOWING:

Beirut, old EAST Russian republics (not on the West side these are old news), Bagdad, Tripoli, Sao Tome, Albania.


My first concern is to find a trustworthy Lawyer. How is this done (Embassy contact?) ?

LOL.. superinvestor Doggie shuns something he misunderstands (property) in favour of something he doesn't understand at all (foreign property).

"My first concern is to find a trustworthy Lawyer."

I take it your Russian is up to scratch, then.

Good luck. I think with your obvious financial acumen that you will do well in your exciting new venture. But I thought you were of the opinion that it was a great time to buy in the UK?

Bandah Aceh

Dogbox

This is a very serious suggestion. Look at Latin America.

Up to now it has been little touched by the European and USA HPI boom. You have demographics on your side as the average Latin is somewhere under 17 years of age.

Of course speaking Spanish is a big help and you will need insider contacts in the target country. But most problems can be smoothed over with a little gift under the table.

Once my properties in Mexico are built and tenanted I should be semi-retired before I'm 50. Much better than throwing any more money at BTL in this country where every other person you meet fancy themselves as a property tycoon.

I heard there was a housing market boom in Afghanistan after the overthrow of the Taliban.

Im sure property prices in Afganistan must be cheap!!!

With the large exodus of people from Zimbabwe, you should find some decent bargains....

This one in need of slight modernisation, but deceptively spacious has just come on the market:



Contact Mr Robert Mugabe for a list of reputable lawyers...

http://www.telegraph.co.uk/news/main.jhtml.../ixnewstop.html

Property market booms in Baghdad as prices double

The pace of reconstruction in Iraq is still too slow for Baghdad's housing market, with prices booming despite the bomb blasts. House prices have more than doubled in the capital since the war, even in areas targeted by terrorists.

Tens of thousands of new homes have been planned by eager Iraqis, and that is still not enough to satisfy the demand for housing in the inner city or leafy suburbs.

Before the war, a house in the middle class Palestine Street district near the centre of Baghdad cost £20,000. Now they are more than £50,000.

"For years people have been scared to build anything new for fear that Saddam or the Americans would destroy their property. But now that fear is gone," said Majid al-Settah, director of Baghdad's al-Jazeera estate agency.

In the poor Sleiq neighbourhood on the outskirts of Baghdad, another estate agent, Mohammed Abbas, offered his sales pitch standing in a field filled with half-built houses and craters from stray mortar shells.

"There's a lot of space here to build your perfect home. Just choose your plot and we can begin," said Abbas, before quoting a price of £15,000 just for the 150 metre square plot. Prices have been further stimulated by the lifting of a Saddam law barring Iraqis from building property in Baghdad unless they or their parents lived in the capital before 1957.

Fears about security have driven the price rise in middle class districts, which are seen as safer, although in poorer neighbourhoods prices have also risen greatly. Few can afford a mortgage and must rent instead, although the cost of renting has soared.

In the wealthy Jadriya neighbourhood, a former Ba'ath party area bordered by the Tigris, a yearly lease can be more than £100,000, three times what it was a year ago.

Houses in the area typically cost £300,000, though many are more than £1 million. Most have risen by at least 150 per cent in six months.

An air force general who has become an estate agent for former regime members said: "A lot of my neighbours left for Jordan and are renting out their houses for more than they cost to build. It was the best financial move they ever made."

To alleviate the shortage the US-led administration has funded a number of emergency housing projects. But Majid Mahmud, of alDulaimy construction company, said: "There aren't enough bricks to go round."

Try East Berlin.

I was told you could buy flats in the excommunist blocks for as little as 20.000 euros.

I haven't confirmed this personally.

The problem are the upkeep costs of the old property which are really high.

Have a look at what Baghdad has to offer.

http://www.baghdadproperty.com