What are the options in this period of global financial uncertainty
In this period of global financial uncertainty which has hit the developed world, most people can’t help but worry about their savings. With the Government only guaranteeing net savings of up to £50,000, British savers are feeling the strain of the financial crisis. Investing in equities may not be an option as UK shares keep falling. UK property prices have also recorded an annual drop of nearly 13% (according to Nationwide).
So is there a light at the end of the tunnel?
One option for saving your hard earned money is by investing in countries which are little affected by the credit crunch because their mortgage market is either non-existent or is in its infancy. In places like Egypt, Cape Verde and Turkey the property market is booming, the tourism is booming and the property prices are on their way up.
Invest your £50,000 in property in either of those counties and you will not only save your savings but could also be earning between 5-7% (£2,500 - £3,500) rental income per year in addition to the increase in equity. So in 2-3 years time when the financial hurricane in the UK will be over you can safely sell your property and bring your money and profits home.
Alternatively you can always just sit, do nothing and watch the history unfold.
If you like to speak to an advisor about investment opportunities abroad please call Homestates on 0800 6226 099 or email info@homestates.co.uk
To see what you can afford for £50k please visit www.homestates.co.uk
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