Obelisk Launches New Series Of Property Guides

by Carla Johnson, Investors Offshore.com, London

21 December 2007

Cyprus and Dubai are among the countries covered in Obelisk International's 'Absolute Guide Series' which provides comprehensive market information, free of charge, on international real estate.

Currently, 25 guides are available, focusing on Brazil to Bulgaria, Montenegro to Morocco, Turkey to Thailand, and giving the reader advice on a country's investment viability. Users can also sign up to receive a regular newsletter updating them about the latest news and developments on the world property market.

James Gonzalez, market analyst at Obelisk, says: "The Absolute Guide Series is the definitive property investment site. It's the product of many months spent analysing the latest data from key property investment areas. Our dedicated team of researchers and analysts has compiled holistic, clear-cut reports that provide an accurate insight into the realistic returns of each country's real estate market."

He adds: "The guides are invaluable in helping investors make informed decisions - before they commit to a project or part with any money. By keeping abreast of our guides, which will be updated frequently by our expert team, an awareness of how to build a profitable international property portfolio can be gained now and sustained over time."

Obelisk says that the current weakness of the dollar creates good buying opportunities for holders of the euro and the British pound in areas whose currencies are linked to the greenback.

‘Over the last three years the dollar has seen a major downward turn against some of the world’s major currency markets, but this has also had a positive effect on pegged currency countries that have seen renewed tourism and bullish property investment’ says Tim vanDijk Project Manager for Obelisk.

‘Currently trading at over US$2 to the British pound and US$1.38 against the euro, the situation creates a window of opportunity for many Arab states including Dubai, Caribbean Islands and various Latin American countries, to capitalise on the European tourist and property investment market.’

Large parts of the world used to peg their currencies to the dollar, although some countries have broken the link, including Russia, China and Kuweit. But many South-East Asian and Middle-Eastern countries still peg to the dollar, as do some Central American and Caribbean states, including Panama, the Bahamas, Bermuda, Belize, the Cayman Islands, and the British Virgin Islands.

Mr vanDijk concludes ‘Highlighting the weakened dollar presents an advantage in the market, and the strong exchange rates generate the opportunity to secure property at very attractive prices. Looking for areas that have strong tourism and rental markets provides further value for money. However, the dollar will not remain weak forever and as such astute property investors making an early entry to these markets will be rewarded with a very viable and tangible asset to an overseas property portfolio.’

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