Category Archives: Property Bargains
May 4, 2009 Cheapest condo in Philippines
The cheapest condo in the Philippines is likely to be some failed apartment complex which is half-complete. I found one exactly like that in a prime position on the freeway into Manila from the South. It had turned into a ghetto. Its an amazing thing about the Philippines is that people can have the dodgiest [...]
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May 4, 2009 Cheapest property in Tokyo, Japan
The cheapest property in Tokyo is going to be a certain type of property, with certain types of characteristics, so its important to be weary. Risk is managed, not avoided. The difference between the people taking action and those who don’t is information. My ex-GF was a licensed real estate agent in Japan, so we [...]
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May 4, 2009 Cheapest house and lot in Philippine
House and lots are generally not cheap in the Philippines because such property is generally provided with services connected, which are expensive. I say generally because there are exceptions – and they are often failed estates which were not property approved by the government regulator. We looked at one such estate and you could buy [...]
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May 4, 2009 Cheapest property in the Philippines
The cheapest property in the Philippines is unsurprisingly unimproved property in rural areas. Its usually land not subject to pasture improvement isolated from the major commercial areas, and often there is no road access. It might even be perched on the side of a hill side or a volcano. We looked at a block of [...]
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February 20, 2009 Establishing a backpackers business in Japan
Japan must be one of the best places in the world to establish a backpackers. I can think of several reasons why I suggest this:1. The EXTREMELY low price of foreclosed property in rural areas2. The lack of backpackers in Japan – they do have other options, eg. Guest houses, ryokans, YMCAs.3. The availability of [...]
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- Posted under Business, Foreclosed, Japan, Property Bargains
February 16, 2009 New Zealand Property Market Report 2009
New Zealand’s two major cities: Auckland and Wellington are ranked at top 10 best places to live on earth. But there are many more cheaper cities around New Zealand like Christchurch, Dunedin and Otago on the South Island. Some of these smaller cities don’t even rank a mention in international surveys because they are too [...]
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- Posted under New Zealand, Property Bargains
February 5, 2009 Plunging NZD offers excellent property opportunities
Every time the world plunges into recession we witness a collapse in the NZ and Australian dollars. These small nations (NZ 25% the size of Australia) are the most heavily traded currencies in the world based a per capita comparison, and without a doubt the most volatile currencies among the OECD countries. The cyclical nature [...]
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- Posted under New Zealand, Property Bargains
January 8, 2009 Selective property purchasing in NZ
The NZ property market has yet to reach its bottom, though we need to be careful drawing generalisations. We have already entered the market – as of 2 weeks ago. The reasons are clear:1. We did not buy in an area that was over-priced2. We bought in an area where the history was depopulation, but [...]
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- Posted under New Zealand, Property Bargains
January 7, 2009 Asset prices in Japan are still cheap
The Nikkei 225 Index reached an all-time high on Dec 29th, 1989 of 38,957 points before plummeting to 8422 points in May 2003, some 13 years later. On 28th Oct 2008 the Nikkei-225 reached a new 26-year low of 6994.9 points, meaning that the collapse (from the 1989 peak) of the Japanese market has taken [...]
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December 7, 2008 Currency dynamics impact property decisions
One of the big benefits of having a portfolio of international investment properties is the benefit of being able to buy properties based on local fundamentals, but also with an eye on international currency movements. For this reason I am currently in NZ, and I’ve just purchased a property for $NZ78,000 (or $US 41,000) based [...]
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- Posted under New Zealand, Property Bargains