Hello and welcome to the Someplace Else Blog.
Despite the uncertain times we currently face in the Irish & UK economies, there are a whole range of emerging markets out there offering exciting investment opportunities to those looking in the right areas.
Our domestic house prices are falling, that is very true, but those of us who were lucky enough to have lived through an economic boom have a very large disposable income compared to the average hard working citizen of an emerging economy.
The Irish are also particularly well placed to spot trends and opportunities in poor but very fast growing economies, and as one of the wealthiest nations in the world in terms of GDP per capita, we still have the ability to build a diverse portfolio in markets at a much earlier phase of the property growth cycle than our own.
No matter what happens to the Irish & UK economies over the next five years, we are in a unique position to capitalize on the huge growth in emerging economies that are, by and large, unaffected by the credit crisis. For example - about 2% of Romania's GDP is mortgage debt. Ireland & the UK? Over 40%.
I firmly believe that focused research aimed at achieving well defined goals and targets will be how savvy investors use current market conditions to their advantage.
Someplace Else has specialized in these high growth markets for the last four years and our doors are always open to those who would like an informal chat with one of our sales consultants. Speaking of which, I'd like to extend a very warm welcome to Genevieve Judson, the newest member of our sales team.
To view a selection of our latest investment opportunities please visit www.someplaceelse.ie.
Kind Regards
Colin Murphy
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