Global Tourism Increases
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International tourism in emerging markets has grown by an average of 6-8 percent over the past decade - twice the rate of industrialised countries.
Between 1996 and 2006, international tourism in developing countries expanded by 6 percent as a whole, by 9 percent for Less Economically Developed Countries and 8 percent for other lower-middle income economies.
And International travel is projected to double by 2020, with significant increases expected in markets like China, India and South-East Asia. Gulf States and emerging eastern European markets are also expected to see huge growth in demand, followed by the Latin American and finally African markets.
As overseas property specialists, DSR, have property in most emerging markets, or at least in all markets capable of returning substantial gain. The company's success is built on clients' success, and any property sourced has the potential to return dividends, be it over the short term, or medium-long term.
In India, DSR currently has the Orchard View development, in Rudrapur. This property hopes to tap in to just some of the thousands of employees from the 465 global corporations that have setup in the area designated a Special Economic Zone.
Malaysian property is just one of the many South East Asian countries that DSR covers and property is expected to grow by no less than 20 percent per year over the coming years, and possibly by as much as 25 percent. Kuala Lumpur attracts rental yields of 8-10 percent, and resort property in the tourist region of Sabah often maintains higher yields.
In Montenegro, tourism has been growing at a rapid rate, and 2008 is expected to be another record-breaking year with an estimated 1.26 million visitors. Property prices are also increasing rapidly and Montenegro property is showing signs of growing value by 15-20 percent per year, and possibly reaching growth of 30 percent a year as Montenegro progresses towards full EU accession. Rental yields of between 6-10 percent can be expected.
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