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Best Places for Overseas Real Estate in 2020 by Shawn Boday | Jan 10, 2020 | Business, Real Estate, Real Estate Investing, Shawn Boday
If you are looking to invest for the first time overseas or if you are looking to expand your foreign property holdings, but don’t know where to start, I can help. I’ve gone ahead and collected the best places around the world to invest your capital for the year 2020.
Panama One of the very best places to invest in real estate this year is Panama. In Panama there are many apartments you can purchase for rental opportunities. Thanks to neighboring country buyers from Argentina, Colombia, and Venezuela, Panama City’s market has remained stable and has grown quite well over the course of the decade. The same can’t be said for many other markets in this region, where some have struggled or even collapsed. North Americans as well as Europeans are investing with Panama but Panama has recently forged a new relationship with China. This relationship has the potential to fuel the economy and make it soar. In the 1990s, many Chinese helped to grow the Vancouver economy and it is expected that they will do the same for Panama City. This will cause Panama City’s property prices to grow as well.
Brazil Brazil is a big country that has many different property markets. In 2020, focus on the Fortaleza area. Fortaleza is located along the coast and is big tourist attraction. Rentals that focus on the local holiday marker are said to earn more than 8% net yield reliably. It’s best to look for investments along the beachfront, you will find that many of the prices are great bargain.
Thailand Thailand is known for their agriculture as well as their strong economy and expanding tourism. In 2018, Bangkok was one of the most visited cities in the world, ranking above London and Paris. It being such an attraction to tourist easily grabs the attention of investors. The one downside to investing property in Thailand is that there are restrictions put in place on how foreigners can own property. Under most circumstances foreigners are only able to own land leasehold. Although this is seen as a setback, there is some positive news. Foreigners are allowed to own condos freehold, as long as they don’t own more than49% of the entire condominium complex.