Question
Hi,
I've been looking on the internet for a good place to buy a flat for personal use and also Investement for a cost under $1m , we are looking at Europe, US and Asia as well, Turkey used to be the hot place, but not anymore, can you recommend any other places?
Answer
I've been in the real estate business for 14 years and own 14 real estate offices in the US. My advice is to buy real estate in areas with a high concentration of universities and hospitals. For example, Boston & New York City, are home to great medical and college facilities. Areas such as these hold their value because teachers/nurses/doctors are a higher than normal percentage of the work force and this shields unemployment numbers by a certain degree in times of recession. As well, when you are near colleges and hospitals, there always seems to be demand for real estate.
