Cheap OverSeas Property

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If you’re looking to buy property abroad it’s great to do some great research. You will find newspapers, expat websites and dedicated overseas property websites all issue their top places to buy abroad

Spain

The Spanish sun, reasonable house prices and proximity for Europeans make Spain a traditional place to buy a home abroad. Many UK buyers head to the coast but increasingly traditional Spanish villages in Alicante are becoming more attractive. Finding a property in the ‘real’ Spain is now hot on the agenda.

Panama

Argentine, Colombian, and Venezuelan buyers have helped to keep the Panama City market stable and growing over the last 10 years, even while other markets in this region have struggled or even collapsed. Today, North Americans and Europeans continue to invest, but it’s Panama’s new relationship with China that I predict will fuel this economy through its next stage of growth.

Brazil

North Estate Brazil is now the place to buy real estate in  Brazil. Local buyers and investors love this part of Caera and this makes for a place with a great exist strategy. I This coastal region is a top destination among Brazilian tourists. Rentals targeting the local holiday market can earn better than 8% net yield reliably.

Thailand

For this reason, the condo market is where most foreign investors focus their attention. A condo is also cheaper and easier to manage as a rental than individual property. Check out Thai Islands such as Koh Samui to find real estate ideal for holiday rentals

Bangkok was the number-one visited city in the world in 2018, according to one survey. This city last year received more visitors than London or Paris. Again, that’s worth the would-be property investor’s attention.

Portugal

Property in Portugal

I recommend focusing on the lesser-visited areas along the country’s Algarve coast and the Porto region north of Lisbon.

Portugal is another country where it’s possible for a non-resident to get a mortgage.

France

Another of the most appealing features of the French property market is that this is another country where foreigners are eligible for in-country financing. In fact, interest rates for French mortgages for foreigners are at historic lows of less than 2% interest… with loan-to-values as high as 85%.

Mexico

Top markets include Puerto Vallarta on the Pacific coast and Playa del Carmen on the Riviera Maya. In both of these popular tourist towns, a rental property can generate an excellent yield.

Turkey

In addition to tourism growth, Istanbul and Turkey in general are enjoying strong economic growth as the population increases and the middle class expands. I see both tourism rentals and student rentals as appealing rental investment options.

One of the biggest selling points for such an investment in Istanbul is the low cost of entry. A rental unit in this market can be within most any investor’s budget.

Turks And Caicos

A luxury purchase in the Turks and Caicos can be an exception to this rule. It can be possible in this Caribbean market to earn a net rental yield of 8% even from a high-end investment.

Banks in the Turks and Caicos will lend to non-residents. At the price points of the luxury rentals in this market, you definitely want to be conservative with any mortgage you take out in case rental income slows for any reason.