Are you thinking about buying property abroad but aren’t sure where to look?
While buying beachfront property may feel like a mere pipedream, the truth is, international property is sometimes easier to invest in than domestic property. In many cases, international property prices are lower than domestic prices. Additionally, you may be able to reap tax and citizenship benefits by investing in international properties.
So, where should you begin your search? Read on to learn about the best places with international properties worth seeing.
America’s neighbor to the South, Mexico is one of the best places to buy international property. While many people are wary of buying property in Mexico due to high crime rates, the truth is, crime rates are really only high in small border towns.
If you buy property in popular tourist destinations like Cancun, Tulum, or Puerto Vallarta, you’ll feel just as safe as you would at home. While Mexico may be most famous for its beaches, the country also offers colonial cities, mountain towns, and jungle escapes.
In addition to stunning locales, great wine, and delicious food, Italy also has a growing international real estate market. Italy is even offering financial benefits to international buyers to revive areas of the country that have seen a population decline.
For example, the Abruzzo region has started to offer grants of $50,000 to residents between 18 and 40 years old who agree to live there for a certain period of time. Those who move to Calabria may be eligible to receive up to 8,000 Euros per year for three years for moving to the region.
In addition to these relocation incentives, property is very cheap in small towns throughout the country. In some cases, you can find homes for as little as 1 euro!
With affordable living, great healthcare, and warm temperatures year-round, Panama is considered one of the best places for retirees to settle.
English is widely spoken throughout the country, making the real estate process all the easier. Panama also has many regulations set up that favor international real estate investment. In addition to being able to buy any kind of property in Panama, you can also invest in property through shares in corporations or private foundations.
Property investors can also open bank accounts in US dollars and can receive exemptions from Panama tax returns as long as they’re not earning income from their Panamanian property.
4. Dominican Republic
The Dominican Republic is enjoying steady growth in the real estate market. One of the best investment opportunities in the country is to invest in pre-construction in an apartment that’s intended for business travelers.
The Dominican Republic sees a lot of business travelers, and those staying longer than a week typically prefer an apartment to a hotel. We recommend you visit the country to check it out before purchasing, however.
International Properties: Time to Make Moves
Now that you know about the top places with international properties, it’s time to begin your search. Before you know it, you’ll be sipping a pina colada at the beach in front of your new investment property.
Check back in with our blog for more investment tips and tricks.