Country investment ratings

	City/Country	Gross Rental Yield (% per annum)		Long Term Investment Rating
1.	Andorra Click to go to Andorra Overview Page.	2.36% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Andorra .	What's good and what's bad about Andorra? GOOD * Very low rental income tax * Moderate yields * Strong tourism & economy BAD * Limited buying options * Tenancy laws unknown
2.	Argentina, Buenos Aires Click to go to Argentina Overview Page.	8.85% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Argentina .	What's good and what's bad about Argentina? GOOD * High yields for luxury units * Pro-landlord rental market * Low to moderate transaction costs * High GDP growth BAD * High rental income tax * No mortgages possible * To buy: Full amt paid in cash * Foreign exchange restrictions * Very high inflation rate - official numbers not credible
3.	Australia, Sydney Click to go to Australia Overview Page.	4.11% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Australia .	What's good and what's bad about Australia? GOOD * Strong and stable economy * Low to moderate transaction costs * Tenant-neutral rental market * Strong rental market for migrants BAD * Moderate effective income tax rates
4.	Austria, Vienna Click to go to Austria Overview Page.	4.40% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Austria .	What's good and what's bad about Austria? GOOD * Stable political system * Moderate transaction costs * Moderate yields for new units BAD * Complicated pro-tenant system * Moderate to high rental icome taxes
5.	Bahamas Click to go to Bahamas Overview Page.	8.37% For a 110 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 110 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Bahamas .	What's good and what's bad about Bahamas? GOOD * Stable economy & government * Pro-landlord rental market * Minimal property taxation * Moderate rental yields BAD * Moderate to high transaction costs * Poor recent GDP growth record
6.	Barbados, St James Click to go to Barbados Overview Page.	4.37% For a 200 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 200 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Barbados .	What's good and what's bad about Barbados? GOOD * Neutral tenancy laws * No CGT and inheritance tax BAD * Generally low yields * High rental income tax * High transaction costs * Tourism dependent economy
7.	Belgium, Brussels Click to go to Belgium Overview Page.	5.78% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Belgium .	What's good and what's bad about Belgium? GOOD * Strong demand for rental units BAD * Moderate to high transaction costs * Tiresome tenancy length limits * Moderate to high taxes
8.	Bermuda Click to go to Bermuda Overview Page.	4.40% For a 200 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 200 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Bermuda .	What's good and what's bad about Bermuda? GOOD * One of the richest in the world * Pro-landlord rental market BAD * Low yields for coastal units * Very high transaction costs * Property taxes can be high * Significant ownership limits
9.	Brazil, Sao Paolo Click to go to Brazil Overview Page.	6.56% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate to Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Brazil .	What's good and what's bad about Brazil? GOOD * Biggest in Latin America * Pro-landlord rental market BAD * Moderate to high rental income tax * Moderate transaction costs * Inflation is higher than yields * High inequality & poverty
10.	Bulgaria, Sophia Click to go to Bulgaria Overview Page.	4.16% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Bulgaria .	What's good and what's bad about Bulgaria? GOOD * Moderate to good rental yields in Sofia * Pro-landlord rental market BAD * High transaction costs * Moderate rental income tax * Corruption & crime woes
11.	BVI, Tortola Click to go to British Virgin Is. Overview Page.	3.00% For a 200 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 200 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in British Virgin Is. .	What's good and what's bad about British Virgin Is.? GOOD * Pro-landlord rental market * Minimal property taxation * Moderate yields BAD * High transaction costs * Significant buying restrictions
12.	Cambodia, Phnom Phen Click to go to Cambodia Overview Page.	4.33% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Cambodia .	What's good and what's bad about Cambodia? GOOD * Pro-landlord rental market * Moderate yields in Phnom Penh * High GDP growth rate BAD * Moderate rental income tax rate * Corrupt, autocratic govt * Serious ownership restrictions * Aid-dependent economy
13.	Canada, Toronto Click to go to Canada Overview Page.	6.48% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate to Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Canada .	What's good and what's bad about Canada? GOOD * Strong rental market for immigrants * Low transaction costs * Strong and stable economy * No estate or inheritance tax * Low to moderate rental income tax BAD * Pro-tenant rental laws
14.	Chile, Santiago Click to go to Chile Overview Page.	8.87% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Chile .	What's good and what's bad about Chile? GOOD * High yields in coastal areas * Politically stable w/ strong econ * Tenant neutral rental market * Low to moderate transaction costs BAD * Complicated income tax
15.	China, Shanghai Click to go to China Overview Page.	3.55% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in China .	What's good and what's bad about China? GOOD * Fastest growing economy * High yields in Shanghai * Pro-landlord rental market BAD * Uncertainty over rules and laws * Property rights issues * Aliens cant be landlords
	City/Country	Gross Rental Yield (% per annum)		Long Term Investment Rating
16.	Colombia, Bogota Click to go to Colombia Overview Page.	8.91% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Colombia .	What's good and what's bad about Colombia? GOOD * High yields in Bogota * Low transaction costs * Neutral to pro-landlord market BAD * Very high rental income tax * Insecure property rights * Political and security issues
17.	Costa Rica, San Jose Click to go to Costa Rica Overview Page.	7.06% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Costa Rica .	What's good and what's bad about Costa Rica? GOOD * High yields for coastal units BAD * Pro-tenant rental market * Moderate transaction costs * High rental income taxes
18.	Croatia, Zagreb Click to go to Croatia Overview Page.	5.22% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Croatia .	What's good and what's bad about Croatia? GOOD * Strong tourist rental market * Moderate tax rates BAD * Multiple foreign ownership limits * Moderate to high transaction costs * Vulnerable & unstable economy
19.	Cyprus, Limassol Click to go to Cyprus Overview Page.	3.21% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Cyprus .	What's good and what's bad about Cyprus? GOOD * Moderate transaction costs * Rapid growth with EU membership * Moderate rental yields * Low effective rental income tax BAD * Conflict divides island into 2 * Pro-tenant rental market
20.	Czech Republic, Prague Click to go to Czech Republic Overview Page.	3.89% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Czech Republic .	What's good and what's bad about Czech Republic? GOOD * Pro-landlord rental market * Moderate yields in Prague * Low transaction costs BAD * Moderate to high rental income tax * Aliens cant buy land directly
21.	Denmark, Copenhagen Click to go to Denmark Overview Page.	4.36% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Denmark .	What's good and what's bad about Denmark? GOOD * Strong and stable economy * Low transaction costs BAD * Extremely pro-tenant market * Limited ownership for aliens * Very high rental income tax * Low yields in Copenhagen
22.	Ecuador, Quito Click to go to Ecuador Overview Page.	8.56% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Ecuador .	What's good and what's bad about Ecuador? GOOD * High yields in Quito BAD * Pro-tenant rental market * High rental income tax * High transaction costs * Volatile political situation
23.	Egypt, Cairo Click to go to Egypt Overview Page.	7.04% For a 150 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Good For a 150 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Egypt .	What's good and what's bad about Egypt? GOOD * Very high yields in Maadi * Moderate transaction costs * Low effective income tax, no CGT BAD * Pro-tenant rental market * Succession worries when Mubarak dies * Lowish long-term GDP growth
24.	Estonia, Tallinn Click to go to Estonia Overview Page.	3.29% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Estonia .	What's good and what's bad about Estonia? GOOD * Very low transaction costs * Moderate yields in Tallinn * Strong economic growth BAD * High rental income tax * Slighlty pro-tenant market
25.	Finland, Helsinki Click to go to Finland Overview Page.	4.42% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Finland .	What's good and what's bad about Finland? GOOD * Low to moderate transaction costs * Strong and stable economy * Tenant-neutral rental market * Moderate yields in Helsinki BAD * High rental income tax
26.	France, Paris Click to go to France Overview Page.	3.85% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in France .	What's good and what's bad about France? GOOD * Low effective rental income tax * High yields in Paris * Global political powerhouse BAD * Moderate to high transaction costs * Pro-tenant rental market
27.	Germany, Berlin Click to go to Germany Overview Page.	5.12% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Germany .	What's good and what's bad about Germany? GOOD * Low to moderate transaction costs * Largest economy in Europe * High yields in Berlin BAD * Pro-tenant rental market * Moderate rental income tax
28.	Greece, Crete Click to go to Greece Overview Page.	2.48% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Greece .	What's good and what's bad about Greece? GOOD * Moderate yields in Athens * Tenant-neutral rental market BAD * Property is expensive * Rental income tax can be high * Moderate to high transaction costs * Weak economic performance
29.	Guadeloupe, Grande-Terre Click to go to Guadeloupe Overview Page.	7.07% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Guadeloupe .	What's good and what's bad about Guadeloupe? GOOD * Low effective rental income tax BAD * Strongly pro-tenant market * Low to moderate yields * Very high transaction cost
30.	Hong Kong, Hong Kong Island Click to go to Hong Kong Overview Page.	3.12% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Hong Kong .	What's good and what's bad about Hong Kong? GOOD * Pro-landlord rental market * Low transaction costs * Strong & stable economy * Moderate rental income tax BAD * Low to moderate yields
31.	Hungary, Budapest Click to go to Hungary Overview Page.	8.11% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Hungary .	What's good and what's bad about Hungary? GOOD * Good yields in Budapest * Low to moderate transaction costs * The law is pro-landlord BAD * Minor ownership restrictions * Moderate to high rental icome taxes
	City/Country	Gross Rental Yield (% per annum)		Long Term Investment Rating
32.	India, Mumbai Click to go to India Overview Page.	3.59% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in India .	What's good and what's bad about India? GOOD * High yields in cities like Bangalore * Rapid economic growth BAD * Rent control in some cities * Moderate to high taxes & cost * Siginificant ownership limits
33.	Indonesia, Jakarta Click to go to Indonesia Overview Page.	12.34% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Spectacular For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Indonesia .	What's good and what's bad about Indonesia? GOOD * Very high yields in Jakarta * Tenant neutral rental market BAD * Serious ownership limits * High rental income tax * High transaction costs * Perhaps overbuilt
34.	Israel, Tel Aviv Click to go to Israel Overview Page.	5.06% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Israel .	What's good and what's bad about Israel? GOOD * Moderate yields in Tel Aviv * Low to moderate transaction costs * Low effective rental income tax BAD * Low recent GDP growth * Minor property ownership issues * Several conflict areas
35.	Italy, Rome Click to go to Italy Overview Page.	5.04% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Italy .	What's good and what's bad about Italy? GOOD * Europes historical center * Strong tourist rental market BAD * Strongly pro-tenant laws * High roundtrip transaction costs * High income taxes
36.	Jamaica, Kingston Click to go to Jamaica Overview Page.	8.80% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Jamaica .	What's good and what's bad about Jamaica? GOOD * Luxury market is pro landlord BAD * High murder & crime rate * High transaction costs * High rental income taxes * Low GDP growth
37.	Japan, Tokyo Click to go to Japan Overview Page.	5.69% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Japan .	What's good and what's bad about Japan? GOOD * Strongly pro-landlord system * Low to moderate transaction costs * Strong rental market in Tokyo * Stable political system * Low effective rental income tax BAD * Economic malaise for 10+ yrs
38.	Jordan, Amman Click to go to Jordan Overview Page.	8.51% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Jordan .	What's good and what's bad about Jordan? GOOD * High yields in Amman * Rents paid 1 year in advance * Moderate buying costs * Low effective rental income tax rates BAD * Minor buying restrictions * GDP growth has historically been weak
39.	Kenya, Nairobi Click to go to Kenya Overview Page.	5.23% For a sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Kenya .	What's good and what's bad about Kenya? GOOD * Pro-landlord rental market * Moderate yields in Nairobi BAD * Corruption & poverty woes * Security & political concerns * High rental income tax of 30%
40.	Latvia, Riga Click to go to Latvia Overview Page.	4.04% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Latvia .	What's good and what's bad about Latvia? GOOD * Pro-landlord rental market * Low effective rental income tax rates * Low transaction costs * High GDP growth * Housing market's recent correction has restored value to market BAD * Low to moderate yields in Riga * Minor ownership restrictions on land
41.	Lebanon, Beirut Click to go to Lebanon Overview Page.	5.13% For a 150 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 150 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Lebanon .	What's good and what's bad about Lebanon? GOOD * High yields in Beirut * Low rental income tax * Moderate transaction cost BAD * Unstable security situation * Minor ownership limits * Heavily damaged by attacks
42.	Lithuania, Vilnius Click to go to Lithuania Overview Page.	4.03% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Lithuania .	What's good and what's bad about Lithuania? GOOD * Very low transaction costs * Low effective rental income tax rates BAD * Generally low yields in Vilnius * Slighlty pro-tenant market
43.	Luxembourg Click to go to Luxembourg Overview Page.	3.63% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Luxembourg .	What's good and what's bad about Luxembourg? GOOD * Moderate transaction costs * Low effective rental income tax rates BAD * Extremely pro-tenant market * Low yields in city center
44.	Macedonia. Skopje Click to go to Macedonia Overview Page.	9.91% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Macedonia .	What's good and what's bad about Macedonia? GOOD * High yields in Skopje * Pro-landlord rental market * Low transaction costs * Moderate income taxes BAD * Serious ownership restrictions * Political and security concerns
45.	Malaysia, Kuala Lumpur Click to go to Malaysia Overview Page.	9.22% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Malaysia .	What's good and what's bad about Malaysia? GOOD * Low transaction costs * High yields for luxury condos * Reforms improved rental market BAD * High rental income tax * Pro-tenant rental market
46.	Malta, Valleta Click to go to Malta Overview Page.	2.94% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Malta .	What's good and what's bad about Malta? GOOD * Pro-landlord rental market * Low to moderate transaction costs BAD * Low yields * Significant ownership limits * High rental income tax * Weak economic performance
47.	Martinique, Fort-de-France Click to go to Martinique Overview Page.	5.29% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Martinique .	What's good and what's bad about Martinique? GOOD * Low effective rental income tax BAD * Strongly pro-tenant market * Low to moderate yields * High transaction costs
	City/Country	Gross Rental Yield (% per annum)		Long Term Investment Rating
48.	Monaco Click to go to Monaco Overview Page.	1.48% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Monaco .	What's good and what's bad about Monaco? GOOD * No rental income tax * Pro-landlord rental market * Strong, diversified economy BAD * Very low rental yields * High transaction costs
49.	Morocco, Marrakesh Click to go to Morocco Overview Page.	6.49% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate to Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Morocco .	What's good and what's bad about Morocco? GOOD * Moderate transaction costs * High yields in Marrakech * Pro-landlord rental market BAD * Taxes can be very high * Weak property rights * Macroeconomic woes
50.	Netherlands, Amsterdam Click to go to Netherlands Overview Page.	6.63% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate to Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Netherlands .	What's good and what's bad about Netherlands? GOOD * Moderate yields in Amsterdam * Strong & stable economy * Moderate transaction costs * Moderate rental income tax rates BAD * Pro-tenant rental market
51.	New Zealand, Auckland Click to go to New Zealand Overview Page.	6.07% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate to Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in New Zealand .	What's good and what's bad about New Zealand? GOOD * Low transaction costs * Strong and stable economy * Neutral rental market * Low to moderate income taxes * Cheaper than ever before! * Yields OK BAD * Market heading South
52.	Nicaragua, Managua Click to go to Nicaragua Overview Page.	9.12% For a 200 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 200 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Nicaragua .	What's good and what's bad about Nicaragua? GOOD * High yields in Managua * Pro-landlord rental market * Increasingly attractive to foreigners BAD * Fragile economy, high poverty * Insecure property rights * Moderate to high taxes * Weak GDP growth track record
53.	Panama, Panama City Click to go to Panama Overview Page.	9.98% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Panama .	What's good and what's bad about Panama? GOOD * High yields in Panama City * Pro-landlord rental market * Low transaction costs * Moderate rental income tax BAD * Overbuilt? * New restrictions on foreigners
54.	Peru, Lima Click to go to Peru Overview Page.	12.13% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Spectacular For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Peru .	What's good and what's bad about Peru? GOOD * High yields in Lima * Low transaction costs BAD * High rental income tax * Pro-tenant rental market * Volatile political situation
55.	Philippines, Metro Manila Click to go to Philippines Overview Page.	10.99% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Spectacular For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Philippines .	What's good and what's bad about Philippines? GOOD * High yields for luxury condos * Pro landlord luxury market * Strong expat rental market BAD * High transaction costs * High taxes & corrupt system * Foreigners cant buy land
56.	Poland, Warsaw Click to go to Poland Overview Page.	5.83% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Poland .	What's good and what's bad about Poland? GOOD * Low transaction costs * Strong post-transition economy BAD * Low to moderate rental yields * High rental income tax * Strong pro-tenant sentiments
57.	Portugal, Lisbon Click to go to Portugal Overview Page.	3.63% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Portugal .	What's good and what's bad about Portugal? GOOD * Moderate rental income tax rates * Low to moderate transaction costs BAD * Low to moderate yields in Lisbon * Strongly pro-tenant laws * Weak economic growth
58.	Puerto Rico, San Juan Click to go to Puerto Rico Overview Page.	7.32% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Puerto Rico .	What's good and what's bad about Puerto Rico? GOOD * Dynamic, robust economy * Moderate yields in San Juan BAD * High rental income tax * Pro-tenant rental market
59.	Romania, Bucharest Click to go to Romania Overview Page.	5.50% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Romania .	What's good and what's bad about Romania? GOOD * Moderate yields in Bucharest * Pro-landlord rental market * Low to moderate transaction costs BAD * Foreigners cant buy land * High inflation rate * Property is expensive relative to GDP
60.	Russia, Moscow Click to go to Russia Overview Page.	3.45% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Russia .	What's good and what's bad about Russia? GOOD * Rapid economic growth BAD * High costs yet moderate yields * High rental income tax & VAT * High transaction costs * Pro-tenant rental market * Several ownership issues
61.	Singapore Click to go to Singapore Overview Page.	3.79% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Singapore .	What's good and what's bad about Singapore? GOOD * Strong & stable economy * Low transaction costs * Pro-landlord rental market BAD * Very low yields * Moderate rental income tax
62.	Slovakia, Bratislava Click to go to Slovak Republic Overview Page.	4.70% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Slovak Republic .	What's good and what's bad about Slovak Republic? GOOD * Low to moderate rental income tax * High yields in Bratislava * Very low transaction costs * Tenant-neutral rental market BAD * Minor issues w/ property rights
63.	Slovenia, Ljubljana Click to go to Slovenia Overview Page.	4.93% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Slovenia .	What's good and what's bad about Slovenia? GOOD * Pro-landlord rental market * Low transaction costs * Strong post-transition economy BAD * Low to moderate yields in Ljubljana * High rental income tax * Minor issues w/ ownership
	City/Country	Gross Rental Yield (% per annum)		Long Term Investment Rating
64.	South Africa, Cape Town Click to go to South Africa Overview Page.	6.32% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate to Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in South Africa .	What's good and what's bad about South Africa? GOOD * High yields for luxury units * Pro-landlord rental market * Moderate transaction costs * Strong rental market with economy BAD * Moderate to high income tax rates
65.	Spain, Madrid Click to go to Spain Overview Page.	3.81% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Spain .	What's good and what's bad about Spain? GOOD * Stable & dynamic economy * Moderate transaction costs BAD * Strongly pro-tenant laws * Generally low yields * Multiple and high taxes
66.	St. Kitts Click to go to St. Kitts & Nevis Overview Page.	2.55% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in St. Kitts & Nevis .	What's good and what's bad about St. Kitts & Nevis? GOOD * Pro-landlord rental market * Minimal taxation BAD * Low to moderate yields * Very high transaction costs
67.	Switzerland, Geneva Click to go to Switzerland Overview Page.	4.11% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Switzerland .	What's good and what's bad about Switzerland? GOOD * Strong & stable economy * Low transaction costs BAD * Very high rental income tax * Pro-tenant rental market * Serious ownership limits * Low yields in Geneva
68.	Taiwan, Taipei Click to go to Taiwan Overview Page.	2.68% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Taiwan .	What's good and what's bad about Taiwan? GOOD * Moderate transaction costs BAD * Low yields in Taiwan City * Pro-tenant luxury market * High rental income tax
69.	Tanzania, Dar es Salaam Click to go to Tanzania Overview Page.	8.57% For a 100 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 100 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Tanzania .	What's good and what's bad about Tanzania? GOOD * High yields in main centers * Pro-landlord rental market BAD * Unstable union w/ Zanzibar * High rental income tax rate * Limits on alien land ownership
70.	Thailand, Bangkok Click to go to Thailand Overview Page.	7.99% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Thailand .	What's good and what's bad about Thailand? GOOD * High yields in Bangkok * Pro-landlord rental market BAD * Complicated buying process * High rental income tax * Foreigners cannot buy land * Political uncertainties
71.	Trinidad Click to go to Trinidad and Tobago Overview Page.	8.14% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Trinidad and Tobago .	What's good and what's bad about Trinidad and Tobago? GOOD * High yields in Tobago * Strong economic growth BAD * Very high rental income tax * Moderate to high transaction costs * Pro-tenant rental market
72.	Turkey, Istanbul Click to go to Turkey Overview Page.	5.48% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Turkey .	What's good and what's bad about Turkey? GOOD * Low costs in coastal areas * Moderate to high yields * Rapid economic growth * Low to moderate transaction costs BAD * Pro-tenant rental market * Moderate to high income tax rates
73.	UAE, Dubai Click to go to United Arab Emirates Overview Page.	5.37% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Moderate For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in United Arab Emirates .	What's good and what's bad about United Arab Emirates? GOOD * Very low rental tax of 5% * Low transaction costs at 8% * Dynamic, intelligent government BAD * Moderate rental yields at 5.5% * Capped rent increases * Plentiful new supply expected in 2009 and 2010 * Debt burden quite high
74.	UK, London Click to go to United Kingdom Overview Page.	3.48% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in United Kingdom .	What's good and what's bad about United Kingdom? GOOD * Generally low transaction costs * Low to moderate income taxes BAD * Very high prices * Affordability stretched
75.	Ukraine, Kiev Click to go to Ukraine Overview Page.	9.09% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Excellent For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Ukraine .	What's good and what's bad about Ukraine? GOOD * High yields in Kiev * Pro-landlord rental market * Low transaction costs * Moderate rental income tax rate * Strong GDP growth BAD * Expensive property relative to GDP * Corruption & instability woes * Vulnerable to winds of crisis * Weak property rights
76.	Uruguay, Montevideo Click to go to Uruguay Overview Page.	7.56% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Good For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in Uruguay .	What's good and what's bad about Uruguay? GOOD * High yields in Montevideo * Pro-landlord rental market * Strong economic recovery BAD * Moderate transaction costs and taxes
77.	US, New York Click to go to United States Overview Page.	3.75% For a 120 sq. m. property, usually an apartment. Click to compare yields in the same continent.	Very Poor For a 120 sq. m. property, usually an apartment. Click to view square metre prices, rents and yields in United States .	What's good and what's bad about United States? GOOD * Strong and stable economy * Low to moderate transaction costs BAD * Yields now moderate to poor * Complicated tax system * Pro-tenant rental market

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