Buying real estate overseas can seem like a challenge, particularly if you have very little experience in this area. If you have been looking for a new investment or somewhere beautiful to move to, then looking at other countries might be your best option. While investing in real estate closer to home can be practical for many reasons, it is also worth taking a look at what else is out there. This is because you can find different housing markets overseas where the property can be found in breathtaking locations at attractive prices. If you are keen to start expanding your real estate portfolio or are hoping to find a new home in another country, here are some of the most beautiful yet overlooked destinations.
Portugal is a country on the Iberian Peninsula with some of the warmest temperatures in Europe. Its Mediterranean climate and clear skies are ideal for someone who appreciates plenty of opportunities to bask in the sunshine and enjoy a sea breeze. For investment purposes, Portugal’s cities are excellent opportunities where property prices are inexpensive, and many areas are showing signs of steady growth, putting investors in a great position for renovating or renting out their properties.
If you are hoping to invest in property development, then land in Brazil could be your next smart move. Interest rates are low, and mortgage lending is extremely affordable. There is a high demand for second homes, particularly from people who live outside of the country but who appreciate the natural beauty and cultural vibrancy of the place. There is also now a higher demand from Brazilian citizens who are seeking homes of higher quality, therefore opening up opportunities for property flipping.
Turkey is experiencing strong economic growth with its population increase, and reduced interest rates have attracted Turkish buyers back to the property market. If you are seeking an opportunity to invest in property, either to flip or rent out, turkeyhomes.com can help you clarify the details. It is also a spectacular country in a naturally beautiful part of the world, attracting plenty of foreign interest both for investment and immigration.
People from other countries in North America view Mexico as an ideal place to set up for retirement or enjoy vacations in second homes. Local tourism within the country has also increased due to an expanding middle class. There are financing options available for people hoping to invest in Mexican property who aren’t citizens, mostly from US companies. This is because the property market has become so appealing there that businesses have also caught on to the advantages of setting up in Mexico.
For American buyers, property in France is a particularly smart investment. Despite the fluctuating market, the strength of the dollar against the euro means that buying a property is relatively reliable and worthwhile. French cities, in particular, enjoy high possibilities to purchase property and then rent to tourists and locals alike. The cultural heritage and world-renowned reputation of the country also make it an attractive location to move to, should you be tempted by the remarkable architecture and laid-back lifestyle.
Often overlooked by many prospective investors is Poland, a beautiful yet seemingly hidden gem of Europe. Despite flying under the radar of investors, it is incredibly popular with tourists, particularly in the city of Krakow. The student population is also high, meaning that investors could quickly profit from the rental demand. Although not a warm country compared to some of the others on this list, it is a safe and pleasant destination with plenty of history to soak up.
Since such a large percentage of residents in Italy own their property due to the culture of passing it down in the family, the remaining property available to investors can demand higher rent. The stable market and the relatively light restrictions on foreigners owning property in the country make Italy an attractive and potentially lucrative place to invest.
The United Kingdom
The growth rate of real estate in the United Kingdom, plus the reliable institutions surrounding the property market, makes this another ideal opportunity for investment from overseas. It has a surprisingly diverse culture and landscape despite its diminutive size, which attracts millions of tourists each year. Buying property either to rent out to tenants or to buy as a second home would be a smart choice.
Real estate is an ever-changing market that can be surprising even to the most experienced and knowledgeable property buyers. If you want to hunt for hidden gems that might just be your ideal location, it’s best to do your own thorough research and visit the location at least once before making any firm decisions. If in doubt, trust your instincts and take your time.