The Best Places to Make Affordable Real Estate Investments Abroad
The real estate market is different in every country in the world. If you live in a place with high prices and a nosebleed cost of living, it’s easy to think that the entire world is like that. This couldn’t be further from the truth. If you have some money to invest in property, you probably want to make the best investment you can make, right?
Well, as it turns out going abroad to invest in real estate can be incredibly lucrative. You will also get the chance to experience a new place and immerse yourself in a culture. Depending on your situation, here are the best places to make affordable real estate investments abroad.
Whether you’re very rich or want to move to a place where you can afford paradise, The Bahamas is one of the best places to make real estate investments. The country is used to foreign influence. They were a former British colony after all. Their economy is built upon tourism. They welcome foreign investors. If you want to work with a luxury Bahamas real estate group or buy a small bungalow on the beach, The Bahamas provides so many great options for buying affordable real estate. Whatever your budget, The Bahamas can facilitate your property dreams.
Thailand is one of the most affordable places for foreigners to live. The currency is in your favor. The cost of living is cheap, and the standard of living is low. In Thailand, money talks. It’s easy for a lot of people who can afford property to buy an incredible piece of land in Thailand. You can create a luxury estate for a bargain price. You can live cheaply and enjoy yourself. The people are friendly. The culture is deep. The food is incredible. Thailand will welcome you with open arms. The money you must work with will be used more effectively. You’ll be able to get more for it and live in a stunning place.
The Maldives is like if you combined The Bahamas and Thailand. This South Asia archipelago is known for affordable luxury property. Not only is The Maldives one of the most sought-after vacation destinations in the world, but it also has very low inflation. This benefits homebuyers because the price will likely increase. Over time, with low inflation the home will increase in value, or if inflation is high the prices will be negatively affected. The Maldives isn’t a place many people live all year, but you can also buy a property and rent it out to people on vacation. The Maldives is a great option if you are looking to make money through a reasonable luxury property.
Brazil is a huge, complex country that could become a world power economically if they play their cards right. Real estate in Brazil is still relatively inexpensive. You can buy a beachfront home for a lot cheaper than you could in other countries. With prices going up, you could both rent the property out and sell it eventually for profit. Brazil is massive. It is dynamic. If you get in early on the Brazilian real estate market, you will make a lot more than you put into it. The time to act is now!
Portugal is often overlooked in the conversations about romantic places to live in Europe. It is every bit as romantic, beautiful, and complicated as other Western European countries. However, it is cheaper and there are more benefits from moving there. Portugal has an incredible history, but nowadays it is quiet.
They are encouraging foreign investors by making it accessible for them to buy. There is even something called the Golden Visa program that provides the papers you need to live in Portugal just from making the commitment to buy property. Skip Italy, France, and Spain. Look to Portugal for more favorable real estate conditions.
The point is, there are so many places where you can combine your wanderlust and impulse to make a lucrative investment. Whether you are cornering the luxury market or want to live modestly for dirt-cheap, there are plenty of options abroad for affordable real estate investments. You just have to put in a little effort and do some research.