With the property market overseas booming as it is, there’s no better time than now to make a real estate investment. But with so many countries to choose from, where should investors be focusing their interest and their capital?
From first-time investors seeking an overseas property to rent or live in themselves, to seasoned investors wanting to expand their portfolio, here are 7 of the best countries for living and buying real estate in:
Brazil
A huge country with a wide selection of property markets, some of Brazil’s coastal regions such as Fortaleza, might be worth real estate investors focusing on. A hit with local tourists, you could target the rental market for holidaymakers here, or consider investing in land along the coast while prices are so low.
To live here yourself as a foreigner, you will need to apply for a temporary visa known as a VITEM.
Dominican republic
With the tourism industry here set to hit record highs, it’s clear that the country has a lot to offer for anyone wanting to enjoy a sun-filled vacation, or get a share of the country’s economic boom as a business person. As such, investing in real estate could be a winner, particularly if you focus your attention on its capital, Santo Domingo.
Portugal
With possibilities for non-residents to get mortgages in Portugal, and the real estate market being as healthy as it is, the country could well prove a great choice for investors and anyone wanting to move overseas. While there are many opportunities for property investment in Lisbon, it could be worth investigating lesser-visited regions such as those along the Algarve Coast or in Porto, to Lisbon’s north.
France
For long-term wealth, grabbing a piece of real estate in Paris could prove a fruitful choice, although as always, property prices there can fluctuate. As a foreigner, you’re eligible for financing in-country, and with interest rates on mortgages for foreigners at an all-time low, you could make the move to the world’s most romantic city, or cash in on the rental market there. Either way, French citizens typically enjoy a high quality of life, and provided you can speak the language, know enough to get by or are willing to learn, you could live your dream life there.
Mexico
With thousands of Americans and Canadians choosing Mexico as their top vacation spot, and many more thousands choosing to retire there, investing in real estate here could prove lucrative. Add that to the fact that the local tourism market is experiencing growth, and non-residents can access financing, and you’ve got a veritable hotbed of potential!
Turkey
Foreign investment has been on the increase in Turkey in recent years, and continues to look like a healthy prospect for anyone seeking to buy property to sell or rent. For those wanting to live there, with great weather, friendly citizens, string economic growth and a cost of living that’s reasonable, it’s easy to see why it’s listed as one of the top countries for living and exploring new opportunities.
Poland
The tourism industry in Poland took a hit during the pandemic, but prior to that, its capital, Krakow, enjoyed a whopping 10 million visitors every year. With tourists expected to start returning in the same numbers soon, Poland could provide investors with ample opportunities to buy real estate for vacation rentals. And, with a large number of universities in the capital city, student accommodation is in high demand, too.
If you’re interested in investing in real estate overseas, don’t limit yourself to the options listed here. Explore all of the opportunities before taking the plunge, to ensure that you make a decision that’s right for you and your personal circumstances, particularly if you plan to live in the country you buy real estate in.
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