The international property market is flourishing, and now is a better time to invest in real estate than ever before. Offshore property stands out among investing possibilities because it is a hard asset that offers asset class and currency diversification. This could be it if you’re seeking for a way to produce income flow while still developing actual, long-term wealth.
In 2021, the Best Places To Retire
Whether you’re thinking about making your first abroad purchase or wanting to grow your present international property holdings, this is where you should put your money this year.
Panama is number one.
Panama is one of the best destinations in the world to invest in tulum condos for sale beachfront. Panama is particularly recommended for two reasons: rental flats and agricultural potential.
Panama City, although resale transactions have slowed, is still a buyer’s market and will remain so until 2021. We see this year as an opportunity to buy on the cheap. Long-term, I’m optimistic about the rental market in Panama City.
Yields remain robust… though not as strong as they were a few years ago, owing to the softening of rents.
Over the previous ten years, Argentine, Colombian, and Venezuelan buyers have helped to maintain the Panama City market steady and increasing, even as other markets in the region suffered or even collapsed.
Today, North Americans and Europeans continue to invest, but we believe that Panama’s partnership with China will propel the economy forward to the next stage of development. If the Chinese arrive in large numbers, as they did in Vancouver in the 1990s, property values in Panama City will skyrocket.
Panama is a great place to invest.
The second major source of revenue from real estate in Panama in 2021 will be productive land. The interior of the country is a fertile breadbasket. Individual investors can profit from organic plants in a turnkey way.
Brazil is ranked second.
Brazil is a large country with numerous property markets, some of which are more fascinating than others. We recommend concentrating your efforts in the Fortaleza area. This seaside region is a popular tourist attraction in Brazil. Rentals aimed at the local vacation market can consistently earn more than 8% net yield.
We also advocate making an investment along this coast’s coastline, where land prices are extremely low.
The Brazilian real is stable versus the US dollar and historically poor when compared to a decade ago’s rate of 1.6 reals to the dollar. For currency conversions based on today’s exchange rate, go here.
Dominican Republic is ranked third.
Concentrate your efforts in the Dominican Republic’s capital, Santo Domingo.
The Dominican Republic is continuing to grow strongly and attracting more foreign direct investment. Santo Domingo is the gateway to the country’s economic prosperity for all those business travelers… They all require sleeping quarters.
The Dominican Republic is one of the earliest post-pandemic tourism success stories. The tourist industry in the Dominican Republic is expected to reach new heights in July 2021, with a 10% increase in visitors (compared to the same month in 2019).
A furnished rental for any of these markets—business travelers or vacationers—may be a solid source of cash flow and, if purchased correctly, can also provide good capital gain.
Profits Can Be Increased With A Pre-Construction Investment
One of the best available options is to invest in a pre-construction apartment aimed at the business traveler market. Business travelers visiting for more than a week prefer to stay in an apartment rather than a hotel.
As a non-resident of the Dominican Republic, you may be eligible for financing. We don’t propose financing property overseas unless you’re certain you’ll be able to repay the mortgage payment even if the financed property doesn’t generate any income.
Santo Domingo city apartments, on the other hand, rent well, and you should be able to meet your mortgage payment with your rental revenue.
Thailand is number four.
Thailand is a country we admire for its agriculture, but we also believe it needs to be recognized for its strong economy and growing tourism industry.
The disadvantage of Thailand is that foreigners are restricted in their property ownership options. In Thailand, foreigners can only own a land leasehold. A foreigner can own a freehold title to a structure on the property, but unless your home is moveable, you may not find this to be reassuring.
You can own a condo freehold as a non-Thai as long as foreigners don’t possess more than 49 percent of the condo building’s units.
As a result, the condo market is where the majority of international investors concentrate their efforts. As a rental, a condo is also less expensive and easier to manage than a single-family home.
Pre-pandemic, Bangkok was the most visited city in the world in 2018 and 2019, with more visitors than London or Paris. Thailand’s tourism industry suffered during the pandemic, but it is steadily rebounding… This is your last chance to take a dip in Bangkok before all the tourists return.
Portugal is ranked fifth.
Since 2015, the property markets in Portugal have been on the move. Some areas of Lisbon, for example, are now priced above what we consider is reasonable for property investment… Other parts of the city, particularly if you’re ready for a remodeling job, continue to provide good value and opportunity.
In 2021, we recommend concentrating on the country’s less-visited Algarve coast and the Porto region north of Lisbon.
Portugal is another another country where a non-resident can obtain a mortgage.
France is number six.
For decades, we’ve been sold on Paris real estate. Prices fluctuate, as they do everywhere, but a piece of Parisian real estate is one of the most secure long-term investments available.
The strong dollar creates euro bargains for American consumers, which is yet another reason to consider Portugal and France right now.
Another country where foreigners can get in-country finance is France. In fact, foreigner mortgage interest rates in France are at record lows, as low as 2.05 percent… with loan-to-value ratios as high as 85%
Mexico is ranked number seven.
Mexico continues to be a popular tourist and retirement destination for Canadians and Americans. Mexico’s local tourist business is expected to grow in 2021, thanks to restrictions on travel and a rising middle class.
All of this adds up to make Mexico a great place to invest in rental property.
Puerto Vallarta on the Pacific coast and Playa del Carmen on the Riviera Maya are two of the most popular destinations. A rental property in either of these renowned tourist destinations can provide significant returns.
Non-residents in Mexico can obtain funding from U.S. lending institutions that have set up shop in Mexico particularly for that reason.
Belize (number 8)
The tourism and resident expat markets on Ambergris Caye, Belize, are expected to grow through 2021 and beyond. Belize is one of the greatest countries to buy real estate abroad since it is a top choice for a rental investment.
Cayo is a popular destination on the Belize mainland. It’s difficult to find good rental housing at a fair price in this area. If you develop a high-quality rental, you can make a big profit by pricing it competitively in comparison to the local hotels (which aren’t up to par).
Turkey is number nine.
Turkey is having a record-breaking year for property sales, with sales up 107 percent from May of 2020, owing mostly to international buyers. Because to Turkey’s successful CIP, foreign investment has surged, yet it accounts for only 20% of total sales. Turkey is also seen as a desirable destination for both leisure and investment. Istanbul, the country’s most lively and historical metropolis, accounted for half of all property transactions this year.
In 2018, Istanbul ranked as the world’s ninth most visited city. That was the driving force behind well-known cities like Paris, London, New York, and Tokyo… However, it is ahead of large cities such as Berlin, Barcelona, Rome, and Los Angeles.
Apart from tourism, Istanbul and Turkey as a whole are experiencing rapid economic growth as the population grows and the middle class expands. Due to lower interest rates, Turkish buyers are re-entering the market. Rental investments in tourism and student housing are both interesting.
The low cost of entry is one of the most appealing aspects of investing in Istanbul. In this market, almost any investor can afford a rental unit.
Poland is number ten.
When considering an off-shore property purchase, Poland may not be the first place that comes to mind… Nonetheless, it is possible that this country is Eastern Europe’s best-kept secret. Pre-pandemic, Krakow, Poland’s tourism capital, had a thriving tourist economy, with 10 million visitors annually. It is eagerly anticipating the return of its tourists.