As buying at home becomes less and less desirable, more UK investors are seeking fly to let opportunities. Fly to let is the latest term coined for its ability to showcase the new trend in property investors buying property in emerging yet closely located countries, and letting it.
Just ten years ago, people could easily be found investing in locations such as Manchester or Leeds. They rarely would have considered Prague or Sofia. Yet, today, the focus is on emerging markets. Currently Bulgaria, the Czech Republic and Estonia are top of the list.
Investors should monitor these markets though, as many locations offer opportunities but can see prices fall swiftly if the country's economy begins to shake. Still, Europe (as well as countries like Egypt and Morocco) is offering excellent opportunities.
Choosing the right countries to invest in can be difficult, many believe. One way that many investors are selecting the right emerging markets to invest in is by looking at the countries, which are seeing large size financial institutions invest in them.
As reported in Holiday Lettings, Simon Walker who is the sales director for Off Plan Property, reported why foreign capital investments into an emerging country is so vital to the property investor. He said, "They like to follow the big boys around as far as foreign investment into the country, infrastructure, commerce etc… because obviously that fires the property industry."