Diversification, attractive prices, high returns … so many reasons to invest abroad in real estate. In recent years, investing abroad is attracting more and more French and is no longer limited to retirees wishing to enjoy the sun.
Wondering where to invest? The immovesting real estate investment platform gives you a quick overview of the countries in which real estate investments are the most interesting.
Invest in Spain
Spanish property is fairly cheap because of the fall in prices experienced by the country between 2008 and 2013: they have collapsed by nearly 30% on average. However, the attractiveness of Spain is undeniable: with more than 82 million tourists in 2017 it is the second most visited country in the world! It therefore seems natural that rental investment can be very interesting.
But be careful, not all cities are equal. Some cities are still struggling to recover from the 2008 crisis. It is therefore advisable to bet on the major cities such as Barcelona or Madrid. Other places have the wind in their sails, as the coastal cities including those of the Costa del Sol, very popular with tourists. A real estate property properly located in one of these locations represents an attractive investment opportunity.
Invest in Morocco
Morocco has become in a short time one of the leading destinations for tourists and retirees. Nearly 60,000 French people live there today.
Real estate is more and more sought after because prices are unbeatable. You can find exceptional properties in dynamic cities such as Marrakech or Casablanca for a very attractive sum. Thus, it is possible to buy a luxury villa on the seafront for less than 700,000 euros or apartments sought by the locals for nearly 100,000 euros.
Nevertheless, it is advisable to be careful before investing in Morocco because the pitfalls can be many: inflated price for foreigners, promoters who do not respect deadlines, unscrupulous intermediaries …
Invest in Portugal
With 11.4 million tourists a year, Portugal attracts more and more French because of its proximity, its culture, its way of life but especially thanks to its sunny climate.
Demand for real estate is growing stronger for a number of reasons. On the one hand, real estate prices are still quite cheap and on the other hand, retirees who come to live there enjoy a favorable tax system (tax exemption on income from abroad). The country, which is starting to emerge from the crisis, is undergoing renovation (notably Lisbon), which makes it possible to find inexpensive and quality real estate. However, we must be attentive because some neighborhoods are victims of their success as Alfama, iconic area of Lisbon which is experiencing a sharp rise in prices.
Invest in the United States
The United States is still attracting investors with attractive rental yields, high capital gains potential and often favorable tax rates. Some investments can thus offer very impressive returns, sometimes exceeding the two figures.
It is advisable to target the American cities which benefit from a good economic recovery, with dynamic centers. For example, the city of Miami today attracts many French investors thanks to its many assets: reasonable prices after the correction of the subprime crisis, a wide range of leisure and good weather all year round. Less known to the French, the nearby city of Orlando offers even more interesting prospects: with more than 60 million visitors a year, Orlando has become the most visited city in the United States. In addition, the city shows good economic results and real estate prices, still reasonable, offer significant upside potential
Still, it should not be misunderstood, investing in the United States does not necessarily guarantee a good investment, it is strongly recommended to properly study the market and avoid saturated cities.
Invest in Croatia
Croatia is a country that is gradually recovering its economic dynamism with a growth of 3.0% in 2016. This growth is particularly related to the tourism sector which brings each year more than 10 million visitors. In addition, the government is now seeking to facilitate foreign investment by, for example, introducing equal treatment between locals and foreigners. Measures are also put in place to promote business development. Here, then, is a dynamic cocktail contributing to make Croatia a tourist destination as much as a promising country for real estate investment and the establishment of companies.
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