The majority of us are likely to have dreamed of buying property abroad, whether it’s in a bustling city or the remotest corner of the planet. While this ideal has generally been regarded as a far flung fantasy by many, the heavily globalized society we now live in is slowly changing things. Property investment opportunities are popping up the world over. There really hasn’t been a better time to invest and get a substantial return on your money. But, as you will see, it’s not simply a case of picking your favorite holiday destination. Careful study of the respective markets is essential.
A firm holiday favorite for British nationals is Australia. It boasts a warm climate, miles of sandy beaches and countless natural wonders. Thankfully, now is also a great time to snap up property in the country. This is especially the case in the larger cities, like Melbourne, Sydney and Perth. Recent records show a steady rise in the number of foreign investors in Australian properties. And, like many other countries, demand for property is high. This means return on investment is not only strong, but will enjoy continued success over the coming years.
But, if you don’t want to invest in property on the other side of the world, there are equally attractive opportunities closer to home. Spain, for instance, still offers substantial returns on property investment even though its economy is in relatively bad shape. The country’s authorities are desperate to attract new investors. With a spate of new builds popping up constantly, prices are at rock bottom. In some cases, properties are going for as little as half of their actual value. Now could prove to be an excellent time to buy in Spain.
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Eastern Europe has come along in leaps and bounds since the break-up of the Soviet Union. While perhaps not quite as developed as their Western neighbors, there are still profits to be had in the property markets here. Take Poland for example, which is likely to benefit from heavy EU funding in the coming years. Romania is also a good option. In some cases, buying a house here costs as little as £5,000. Within the next decade, that figure is likely to shoot up as increasing numbers of investors see the potential value of the area.
Head further east to Asia and there are also some promising opportunities. Many people have earmarked Manila in particular as a potentially good place to buy. A vibrant economy powered by a young and dynamic workforce means that property here is increasing in value and could offer a fine reward. The city’s population is also growing rapidly, meaning demand outstrips supply. While other Asian cities like Tokyo and Seoul are also worth considering, they have already become relatively expensive places to invest compared to the Filipino capital.