Canadian Property Offers Good News At Last For Property Investors
Good news is undoubtedly hard to find in the worldwide property industry at present and the recent global banking crisis has dealt it another crushing blow which has only added to the woe. Therefore it is particularly refreshing to learn that property prices in Halifax Nova Scotia, Canada are on the up. Strong buyer demand is driving house prices in Halifax in Nova Scotia with properties predicted to rise by up to 4.5% by the end of 2008.
Ailse MacFarlane Marketing Director of Landcorp International said, “The property industry has been lacking good news in recent months and predictions of a 4.5% increase in Halifax properties by the end of 2008 may be just the tonic needed to help kick start the global property market or at the very least buoy the market from its lowest point for over a decade. The strong buyer demand currently being seen in Halifax is due to a multitude of reasons.
Halifax has seen an unprecedented return of skilled workers in recent months particularly from Western Canada. Further bolstered by strong employment rates and high consumer confidence it is ‘bucking’ the current global trend.
For any country or region to be able to predict such growth in a limited period against current trends, indicates that confidence is extremely high. The future of this market looks assured and with Europe and America struggling to attract new property investors, now and for the foreseeable future, Atlantic Canada is riding high and will undoubtedly pick up pace as more investors come on board, neglecting the markets in which they may have previously enjoyed high financial gains.”
Landcorp are currently marketing pre-development land in Nova Scotia in conjunction with Terra Firma Development Corporation Ltd. Terra Firma has now released a limited amount of land from the 1,000 acres stock that it holds in order to raise additional development capital to achieve planning permission for the luxury lifestyle resort ‘Forest Lakes Country Club’.
Forest Lakes Country Club will boast numerous facilities including an 18 hole golf course, driving range, club house, lakes, water sports, bars, restaurants and a luxurious boutique hotel to mention but a few.
Ailse continues, “Forest Lakes Country Club has all of the necessary ingredients to become one of the most profitable investment opportunities of the new millennium to date. In a market dogged by global property depreciation, buying land, especially zoned, pre-development land, is one of the shrewdest investments ever. Land is tangible, it is unlikely to drop in value as nothing is built on it and with such a low entry level, risks are minimal but the potential returns are temptingly high. Forest Lakes Country Club has already created worldwide interest and with the planning permission process now in full swing and investors looking for low risk, coupled with low capital investments away from property depreciation hit countries, Forest Lakes is categorically my number one red hot tip between now and 2010.”
Prices per half acre start from just CAD,800(£19,600 approx.) with returns of up to 150% anticipated by 2010, which is the proposed exit date for many investors once planning permission has been achieved. This opportunity qualifies for SIPP inclusion thus avoiding UK Capital Gains Tax as well as offering tax relief on contributions. For a limited period, quarter acres are available at CAD,400 (£9,800 approx.).
News submitted by Landcorp International