Home » Economy and Investment, Featured

‘The safest investment in the world’: UK property investors are starting to look overseas.

20 May 2016 3,651 views 11 Comments
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
Is it worth investing in property? “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” - Franklin D. Roosevelt (1882-1945) The Bridge MAG. Image

Is it worth investing in property?
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt (1882-1945)
The Bridge MAG. Image

The Chancellor’s new tax on buy-to-let is to push British and UK residents, able to afford property abroad to invest oversea.

A recently announced higher rate of Stamp Duty Land Tax on purchases of additional residential properties in UK has caused domestic property speculators to start considering buying lands abroad.

In the UK, since 1st April 2016, “a new 3%  Stamp Duty band surcharge on additional home or residential buy to let property” applies to property investors.

Watching their balance sheets increase through accumulation of property income is one of the many perks for property investors.

UK property speculators enjoy an absence of private rent controls almost unique

to the UK in an otherwise well-regulated private rental sector across the rest of Europe.

As to the question to whether or not it worth investing in property, the relatively left-wing socialist Franklin D. Roosevelt famous quote in praising property says it all: 

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt (1882-1945)

UK property investors are now looking abroad to buy up properties.

Considering a plan B option in a bid to own properties in Germany or France, America, or even further afield, in sub-Saharan Africa and growing economies such as Cameroon.

Buy-to-let tax at glance.

Europe

With its private rent controls and long-term tenancy agreements, Germany is often held to be a model example of a tenant-friendly system. Sweden is also a traditionally tenant-friendly nation, and being, unlike the UK, a social democracy, makes sure it provides more than sufficient and affordable rental accommodation for the majority of its citizens.

United States

Landlords can deduct mortgage interest from their rental income, as well as offset an amount for depreciation each year.

Investing in property abroad is becoming increasingly popular, not only for the warmer climate but also for the affordable prices on investment opportunities available.

Are you looking to add a great investment property to your portfolio abroad? Cameroon could be the response.

The law

In Cameroon, the law on protection of property rights recognises and usually enforces secured interests in property.

Economy

Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa.

Openness to foreign investment: Cameroon’s legislative body, the National Assembly, adopted an Investment Charter shaped to attract international investors. The Bridge MAG. Image

Openness to foreign investment: Cameroon’s legislative body, the National Assembly, adopted an Investment Charter shaped to attract international investors.
The Bridge MAG. Image

Openness to foreign investment

Cameroon’s legislative body, the National Assembly, adopted an Investment Charter shaped to attract international investors.

Bilateral investment agreements

Cameroon has bilateral investment and/or commercial agreements with the following countries: Austria, Belgium, Canada, China,  Denmark, France, Germany,  Greece,  Italy, Japan, Russia, South Korea, Spain, Switzerland, United Kingdom,  United States. Similar agreements also exist with other countries in Africa, Asia, Latin America, and Eastern Europe.

Why is it a good idea to invest in real estate?

According to Andrew Carnegie, “90% of millionaires became so through owning real estate.”  The world’s billionaires may have become rich by doing real estate; in other words, not by working hard, but simply by investing and capitalising.

From amateur to professional, investing in property abroad in general and in Cameroon in particular could be a great move The Bridge MAG. Image

From amateur to professional, investing in property abroad in general and in Cameroon in particular could be a great move
The Bridge MAG. Image

However, to avoid going from cash to crash, below is some guidance as to how to avoid going from cash to crash:

Effective Risk Management

To minimize your property investment risks, it is critical to refer to a real estate accounting effective risk management firm.

A qualified risk management firm has expertise in land choice, design, and economic evaluation. The firm knows more about administrative procedures, tendering and site supervision.

For investors, it is important to remember that if one wishes to invest in property without compromising on ethics, some risk management firms suggest staff experts: in building permits who will advise you on the right to build in any legality in your area.

Work under the guidance of the architect and respect the norms and rules of art.

Select a city or region (district)

Once you have decided, it is essential for the future property investor to choose the location of their future residential or commercial investment, taking into consideration public transport, schools and other facilities of a particular area.

Check the price of housing in the area

Check and compare prices charged for buy-to-let or rent property sale and rental rates in the area.

Subscribe to insurance

To secure and preserve your investment, it would be preferable and advisable to set up a home warranty as insurance against unpaid rent or against fire and other potential natural disasters. Remember no property is ever safe from potential misfortunes.

Put your property management

Whether you live locally or remotely, it is desirable to use a licensed property or lettings agency. This will ease the burden of the administrative paperwork as part of rental management.

Buy for cash or credit?

In short, the choice is linked to the situation of the investor and present or future aspirations and whether it is for the medium and / or the long term.

From amateur to professional investing in property abroad in general and in Cameroon in particular could be a great move. It is neither too late nor too far to invest in property.  

As the saying goes, nothing really worthwhile ever comes easy in life.

The editor,

Rachel Tcheungna

 

11 Comments »

  • Project Management Software said:

    My brother recommended I might like this
    blog. He was entirely right. This post truly made my day.
    You cann’t imagine just how much time I had spent
    for this information! Thanks!

    • Rachel Tcheungna said:

      Dear Marcelo,

      Thank you for your kind words
      Much appreciated
      Kind regards,
      The editor

  • URL said:

    … [Trackback]

    […] Read More Infos here: the-bridge-magazine.com/31204-2/ […]

  • 76dEt5aVoV said:

    973195 490575I like this internet site quite considerably, Its a rattling good spot to read and get information . 69096

    • Rachel Tcheungna said:

      Dear Agor,

      Many thanks for your comment
      Have a great week ahead

      The editor

      • Rachel Tcheungna said:

        Dear Agor,

        Many thanks for your comment
        Have a great week ahead

        The editor

    • Rachel Tcheungna said:

      Dear Reader

      Many thanks for your comment
      Have a great week ahead

      The editor

    • Rachel Tcheungna said:

      Dear Agor,

      Many thanks for your comment
      Have a great week ahead

      The editor

    • Rachel Tcheungna said:

      Dear reader,

      Many thanks for your comment
      Kind regards,

      The editor

  • Ulysses Colaluca said:

    nie jest mialam mnie cie Bylam sie zapytalam zaprosily Edward zapadne dloni ksiegarni zaciskajac

    • Rachel Tcheungna said:

      Dear Ulysses,

      Many thanks for your comment

      Kind regards,

      The editor

Leave a comment!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.