The prospects of watching the sunset in the Mediterranean Sea from your sea-facing luxury apartment or partying in your villa till dawn in the Caribbean may fill your heart with contentment. Well, truth be told, the gigantic source of memories that you want to accrue by living in a home away from your home is not always easy. The legal procedures can often be hectic and the taxation rules can be a big tard. Don’t worry, this article lists down 6 best countries to invest in real estate after thoroughly analyzing the strategic geographical location, financial opportunities and legal rules.
Panama is bestowed with magnificent beaches on the Caribbean Sea. Its unique geographical location can be attributed to the fact that it is surrounded by both Pacific Ocean and Atlantic Ocean. It enjoys a tropical climate that hardly shows any seasonal variation. The strategic location of the country makes it a bridge between the North and South America, thus making it an ideal location for several businesses.
Further, Panama gives you more reasons to invest in real estate. It uses US Dollar as its official currency. It’s the richest country on per capita income in Latin America and has a relatively low cost of living. It has remained unfazed by the real estate meltdowns in the past and currently over 15 skyscrapers are being constructed in the Panama City. The construction boom gives you ancillary investment opportunities.
Turkey, a transcontinental country, is strategically located between Europe and Asia. Its proximity to the Middle East makes it an ideal spot for investment. Istanbul and several other cities like Antalya and Bodrum have seen a spike in the construction of luxury homes and mega projects. The country has seen a spike in the prices of houses in the last decade. Moreover, the government is promoting foreign direct investment (FDI) through lucrative offers like citizenship to foreign nationals who purchase properties above US $1 million.
Bodrum peninsula has attracted foreign tourists due to its mesmerizing sea beaches and lively nightlife. It has earned the reputation for being a hangout destination of the rich and the wealthy. You can buy a property in Bodrum and make it your vacation home where you can retire and enjoy the Turkish gastronomic culture.
- Costa Rica
Costa Rica has been welcoming to foreigners and it has a stable economy. Further, the real estate business has seen a bull run in the country in the last decade. The proximity to US and the low cost of living attracts a lot of American tourists. The bicoastal nation enjoys a tropical weather that hardly betrays anyone with its consistency throughout the year.
Belize offers low cost homes closer to the USA and this has been a big reason for Americans to buy homes here in the last few years. The country doesn’t have capital gains tax or inheritance tax. Moreover, English is the native language of the country which does away with the language barrier to interact with the locals. Tourism industry in Belize has been upswing, growing over 20% every year. All these factors together make it an ideal location for real estate investment.
Canada is a prosperous country with an economy that has been growing like never before. This American neighbor is a supplier of oil, food, raw materials and houses several corporates in biomedical, IT and financial sector. The climate in British Columbia, particularly Vancouver, is less harsh than several parts of the country and has seen an inflow thousands of wealthy Asians lately. So, buying real estate properties in the outskirts of Vancouver is an excellent investment opportunity that you would not like to miss out.
Malaysia offers a diverse landscape of coastal areas and beaches, mountains, valleys and islands; enjoying a tropical climate. Being a former British outpost, British economic strategies are still followed and English is largely spoken by the commoners. It is inviting for the foreign investors to plough money into real estate in the country. Malaysia has low cost of living and lower estate prices. This makes it an affordable target for real estate investors.
Knowledge is crucial for an intelligent investment. This article gives you the information you need to make your next move. Good luck with your next real estate investment.