The 5 Best Places to Invest in Real Estate Abroad

The  5  Best  Places  to  Invest  in  Real   Estate  Abroad     Like most people, I dream of having a second home in a far away country where I can e...
Author: Kristina Malone
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The  5  Best  Places  to  Invest  in  Real   Estate  Abroad    

Like most people, I dream of having a second home in a far away country where I can escape my every day routine and live the island life! I mean it doesn’t get much better than sitting on the beach watching the waves crash in while drinking a pina coloda! But in addition to gaining some peace and quiet while abroad, investing in international real estate secures much more than just happiness. Not only do you get to submerse yourself in a completely different culture, you begin to secure hard assets outside the US, making you a smarter individual. For instance, you will save a lot of money by investing internationally for $80,000 than purchasing a beachfront home in New Jersey for $500,000! So in order to avoid spending the big bucks, where should you go? According to Offshore Living Letter, there are 5 hot spots right now!  

1. Argentina! While the economy fluxuates, this strategic market could land you some $$$$$. In Buenos Aires, apartments and vineyards are a steal! Given the economy is at a low right now, investing in this area is key! Plus, if you like the nightlife, this is the

place for you! You will be surrounded by art, neighborhoods, food, and a lively culture that parties all night! Beyond the economic advantage and location, the points of interest in Argentina and all the things you can experience are

Perito  Moreno  Glacier—Argentina  

unrivaled! Like the Perito Moreno glacier! Or why not learn to tango! What about the Andes Mountains? There is so much to do and you could have a place right in the heart of it all!

2. Istanbul, Turkey! Are you a young individual or couple looking to make your mark in a virtually untouched place? Then you need to find yourself in Turkey! With culture and history spilling over in the city, the economy is steadily increasing too, which is a good sign for homebuyers! Look for apartments and avoid the usual tourists spots to buy homes! Your home appreciation will be far greater! In addition, Turkey ranks 26th compared to the US when looking at economics, experience and raising children! Prepare to be delighted. Turkish people are the friendliest people I’ve ever met.

3. Dominican Republic! Known for its tourism and gorgeous Caribbean beaches, the Dominican Republic has a lot to offer investors this year! Property values are at a tremendous bargain compared to the rest of the Caribbean Islands and there are some pretty unique locations you could begin to call home! Again, apartments are what you want to look for because you can get beachfront places for $100,000 or less! Look at Samana Peninsula—Home to thousands of breeding humpback whales and the best fruits in the world!

Samana  Peninsula—DR  

4. Spain! Spain is a little more complicated and might take a veteran investor to nail this one on the head, but hey, I think you could do it too! Driven by expat buyers, this is the best time in the last 20 years to invest in real estate in Spain! Specifically Malaga. The market is becoming stronger and the prices are really good! Keep in mind, you don’t want to invest for appreciation but invest for net rental return! The locals, no matter

what, will make your experience enjoyable though. Ranked 24th compared to the US in economics, experience, and raising children, I think Spain could be the place to go! With tons of beaches and a lot of history, you won’t find yourself with nothing to do!

5. Colombia! The gold mine of them all! The economy and middle class are strong, yielding immediate cash return from rentals and capitol appreciation. For the last six years, Colombia has been a hot spot for investors and will only continue to be. Focused on Medellin, Columbia you can find everything from parks, libraries, museums, mountains, rivers and more. Known for its ingenuity, landing in Columbia might be just the beginning to a new life you have always dreamed of! The adventure awaits and the opportunity to make money is out there! Investing internationally takes strategic planning and in the end will create your vision of escaping your mundane life in the States. I mean, most of these countries are ranking better than the US in economics, experiences, and raising children, so what are you waiting for? Go out and make your dreams a reality!

Works Cited • Buenos Aires, Argentina City Picture o http://www.neve.com.br/destinos/argentina/buenos-aires • Istanbul Image o http://www.telegraph.co.uk/finance/property/investment/105428 44/Worlds-20-best-places-to-invest-inproperty.html?frame=2777630 • Columbia Image o http://www.afs.org.in/our-programs/18-plus-programs/medellin/

***If image not listed on works cited, click image to hyperlink to original use of image---