Atlantic Canada Offers ‘Double Bubble’ Investment Opportunity

Atlantic Canada with its’ abundant natural resources and sound, strong economy is becoming one of the new hot spots for international property investment, as investors move away from faltering European markets.

Canada was recently voted by the Human Development Index as the 6th best place to live in the world and is also credited with offering the best overall quality of life among the G8 countries, coupled with the lowest cost of living. However, it is Atlantic Canada which is now of particular interest to property investors.

After years spent supplying Western Canada’s resource boom with much needed labour, efforts by the provincial government have led to a steady stream of skilled workers returning home and this has directly contributed to growing buyer demand and sustained market activity. Nova Scotia is one of Atlantic Canada’s hotspots. Ideally positioned being just 1.5 hours from Boston and only 2 hours from New York, property prices are on the rise and interest is at an all time high.

Ailse MacFarlane Marketing Director of Landcorp International said, “There is an abundance of land in Canada and it is the land deals that are getting investors interested once again. Given the current world property climate, land offers an attractive alternative to the traditional buy to let investor, especially with entry levels considerably lower than real estate purchases and potential profits tantalisingly higher.”

Landcorp International is currently marketing pre-development land in Nova Scotia in conjunction with the Terra Firma Development Corporation Ltd. Terra Firma is a development company that are committed to creating sustainable developments that embrace the latest technologies, integrating with the natural environment and respecting the needs of the local population. Terra Firma has now released a limited amount of land from the 1,000 + acres of stock in order to raise additional development capital to achieve planning permission for a luxury lifestyle resort ‘Forest Lakes Country Club’. The resort will feature an 18 hole golf course, driving range, club house, large lake, water sports and a luxury boutique hotel.

Ailse continues, “Forest Lakes Country Club offers investors a ‘double bubble’ investment opportunity. Initially there are quarter acres plots starting from just £8,875 and half acre plots starting from just £17,750, with returns anticipated to be as much as 100 -150% once planning permission is achieved. The exit strategy for this investment is envisaged for 2010 or soon after. The second part of the investment opportunity comes in the form of the development itself, with many investors already committed to holding on to realise the full potential of the investment with the opportunity of owning an apartment, townhouse or villa. This really is a grass roots investment opportunity and those onboard in 2008 with such a low entry level stake are going to be the biggest winners. As always, location is paramount to the overall success of any development and Forest Lakes with its close proximity to large American cities and the footfall that they can offer makes Forest Lakes geographically perfect. To quote Mark Twain, “Buy land, they’re not making it anymore.”

This opportunity qualifies for SIPP inclusion thus avoiding UK Capital Gains Tax as well as offering tax relief on contributions.

News submitted by Landcorp International