Investment in real estate is always a sound financial choice. It is one of the most stable and risk-free ways to invest your money. Real estate holds its value impeccably and is one of the most reliable options when it comes to growth, profit, and even passive income. Real estate investment overseas might sound a little riskier, but the booming offshore property market offers a plethora of options for income and long-term wealth development.
Overseas property is usually cheaper to buy. In addition, there is an array of options for tax write-offs and beneficial mortgages. These make investment far easier than you might imagine. So next time you are leaving California on a cruise, you might be heading off to your property in Baja California or looking in on your tenants in Puerto Escondido!
If real estate investment overseas sounds attractive (and why wouldn’t it?), then here are some of the best places to get started or to look to expand your current portfolio.
Panama
Panama offers unique opportunities for real estate investment overseas. It benefits from a stable market in a region that is often anything but, as well as being an extremely attractive tourist destination. This means that rental opportunities are always lucrative. North American, European, and Chinese investments in the country ensure that the economy is on the rise. Moreover, you can still find plenty of affordable investments with only a small amount of effort. Best of all, thanks to a number of excellent and attractive visa options, it is relatively easy to become a citizen of Panama, which makes aspects of real estate investment like tax and legal issues far less complex.
Dominican Republic
The Dominican Republic’s capital, Santo Domingo, is a superb place to focus your investment efforts on. Thanks to a period of sustained growth, the Dominican Republic is an exceedingly attractive destination, both for tourists and foreign investors. In addition, buying properties here can reap dividends in a very short amount of time. It is worth looking for pre-construction sales, as you will find significant savings this way. You can even apply for financing as a non-resident!
Portugal
Portugal’s Algarve region is one of the most popular tourist destinations in Europe. This is thanks to its combination of a fantastic climate, gorgeous beaches, and surprising affordability. This combination is exactly what makes Portugal such an attractive option for real estate investment. It is one place in Western Europe where the initial investment is not prohibitively expensive.
Mexico
Closer to home, Mexico offers a remarkable range of investment opportunities, with excellent options at low prices across the length and breadth of the country. The Riviera Maya, including Cancun, Playa del Carmen, and Tulum, is where the majority of the development is. It is a great option particularly if you are buying to rent. The area welcomes millions of tourists a year, and accommodation is at a premium. Savvier, more adventurous investors, however, will head elsewhere, to less well-known spots like Puerto Escondido or San Miguel de Allende. These spots are where the property market gears to both renters and purchasers, and there are even better opportunities to be found.
France
Although Western Europe is often too expensive to be a truly great real estate investment overseas option, it is worth looking at France. Paris real estate is one of the strongest and most stable investments you can make anywhere. Therefore, if you have the capital, it is an excellent choice. France also offers fantastic options for in-country financing for foreigners. A delicious combination of low interest rates and high LTVs makes France such a great place for property investment.
