If you’re looking to buy property abroad it’s great to do some great research. You will find newspapers, expat websites and dedicated overseas property websites all issue their top places to buy abroad
The Spanish sun, reasonable house prices
and proximity for Europeans make Spain a traditional place to buy a home
abroad. Many UK buyers head to the coast but increasingly traditional Spanish
villages in Alicante are becoming more attractive. Finding a property in the
‘real’ Spain is now hot on the agenda.
Argentine, Colombian, and Venezuelan buyers
have helped to keep the Panama City market stable and growing over the last 10
years, even while other markets in this region have struggled or even
collapsed. Today, North Americans and Europeans continue to invest, but it’s
Panama’s new relationship with China that I predict will fuel this economy
through its next stage of growth.
North Estate Brazil is now the place to buy
real estate in Brazil. Local buyers and
investors love this part of Caera and this makes for a place with a great exist
strategy. I This coastal region is a top destination among Brazilian tourists.
Rentals targeting the local holiday market can earn better than 8% net yield
For this reason, the condo market is where most foreign investors focus their attention. A condo is also cheaper and easier to manage as a rental than individual property. Check out Thai Islands such as Koh Samui to find real estate ideal for holiday rentals
Bangkok was the number-one visited city in
the world in 2018, according to one survey. This city last year received more
visitors than London or Paris. Again, that’s worth the would-be property
I recommend focusing on the lesser-visited
areas along the country’s Algarve coast and the Porto region north of Lisbon.
Portugal is another country where it’s
possible for a non-resident to get a mortgage.
Another of the most appealing features of
the French property market is that this is another country where foreigners are
eligible for in-country financing. In fact, interest rates for French mortgages
for foreigners are at historic lows of less than 2% interest… with
loan-to-values as high as 85%.
Top markets include Puerto Vallarta on the
Pacific coast and Playa del Carmen on the Riviera Maya. In both of these
popular tourist towns, a rental property can generate an excellent yield.
In addition to tourism growth, Istanbul and
Turkey in general are enjoying strong economic growth as the population
increases and the middle class expands. I see both tourism rentals and student
rentals as appealing rental investment options.
One of the biggest selling points for such
an investment in Istanbul is the low cost of entry. A rental unit in this
market can be within most any investor’s budget.
Turks And Caicos
A luxury purchase in the Turks and Caicos
can be an exception to this rule. It can be possible in this Caribbean market
to earn a net rental yield of 8% even from a high-end investment.
Banks in the Turks and Caicos will lend to non-residents. At the price points of the luxury rentals in this market, you definitely want to be conservative with any mortgage you take out in case rental income slows for any reason.