Most of us can only dream of owning property on foreign lands, ideally somewhere exotic. Somewhere that can double as the most beautiful holiday spot as well as bring in some rental income when you are not using it. That right there is the perfect remotely owned property proposition.
The problem is that there are so many places from which you can choose. Do you travel to the Dominican Republic or do you go to Belize? Is France a better proposition or would you be better off buying a house in Portugal? What about all those beautiful, yet rarely explored islands? Don’t they make for the perfect little hideout that could attract the right kind of money from those rich, yet private holidaymakers? What kind of policies govern the sale of property in those places to foreign investors?
These are all things you have to worry about when you think of buying property abroad. But once you have your mind made up on where to invest, the rest is easy to figure out. So today, we are going to get the very first set of problems off your table. Here are the top 3 international cities to remotely buy property.
Ambergris Caye, Belize
This location has the best of both worlds. For starters, it is in Belize. Absolutely beautiful tropical weather and amazing beach front opportunities. Ambergris Caye is by far one of the best places in the Caribbean. It is riddled with that gorgeous white sandy beach thing for which the Caribbean is best known. The area is developed enough so it passes as a city while it is not so developed to make it a tightly packed location. It is generally English-speaking and has an impressive expat community which means that you are most likely to get rental income when these people bring their families over.
Medellín has transformed herself into a beautiful, Euro-chic city over the past few years. Not only is it extremely safe now, but it is exceptionally affordable as far as property prices are concerned. Colombia is slowly opening her doors to visiting holiday makers and Medellín is leading the march towards a new holiday destination in these neck of the South American woods. The exchange rate is excellent, the houses are cheap and the people are absolutely beautiful. Let’s not even start on the weather. This is the perfect spot in South America if you want to buy a house that can double as a source of rental income when you are not using it.
A little closer home, Portugal’s sunny region is the most charming, historic and gorgeous English-speaking location you can find in Europe. Thanks to the just-recovering but still slightly depressed property market, Algarve, Portugal is not only affordable but exceptionally lucrative as far as future prospects are concerned. Buying a home here offers you the continental lifestyle that many of Europe’s holiday maker would be happy to pay for when you are not using it.
Of course, there are other locations such as Buenos Aires, Argentina or the beautiful cities of Panama, all of which offer excellent investment opportunities. Take the time to seek professional advice on buying property in these locations and by all means, fly down there and see for yourself just how much potential they have in terms of both quality time and income.