Originally posted by Support Monkey
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Cheap land and low cost of labour are important factors, I'd also consider setting up a proerty business where I end up. I do think Africa is possibly the next China, but you have to be careful about which government you go with and if they are ex-pat friendly. I've not done my reasearch on other countries yet - as I had intended to move to Kenya - however a split in relationships has meant I have a new GF from the other side of Africa. Still friends with the old one though and doing some property development out there. I bought 11.5 acres of land for £13k and with houses going on it I'm expecting a ROI of about 100% over two years. Un****ing believeable. As in I don't even believe my own numbers, so am having to do it to prove it to myself! LOL.
Kenya is great as their new constitution has bought in things like recognising property rights, human rights. Things are still a bit pants if you don't have money, and the slums bring a tear to my eye everytime I pass them, but there's a lot of money flowing in and things are "developing". I laughed on the way out of Nairobi when going through the industrial suburbs there was a town promoting itself as "The Birmingham of Kenya". I thought I might tell them that's not going to attract anyone.
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