When it comes to investing, putting money where it grows is almost always the best choice. International property investments stand out as one of the best options because, for one, it is a hard asset. Additionally, it is an excellent opportunity to generate cash flow whilst giving investors tangible, long-term wealth. Find out the top places to invest in property.
Top Places to Invest in Property in 2019
Property investors should take a conscientious look at these countries to either buy their first property or expand their international property holdings as these places dominate the market as of late:
Investing in apartment rentals and agricultural land in Colombia is a great choice. The country remains a buyer’s paradise since the resale transaction slowed dramatically. Yields may not be as strong compared to previous years since rentals softened but they still continue to be strong. According to the Global Property Guide, Colombia has a rental yield of 6.30%.
Coastal areas are hot in Brazil right now. The Maceio area bloomed from a major seaport to become the country’s top tourist destination. However, rental yields are still highest in the upscale district of Itaim Bibi in Sao Paulo mainly Vila Olimpia where gross rental yields can go as high as 6.05%.
3. Dominican Republic
Investors should zero in on the coastal properties in the Carribean, mainly in the Dominican Republic. Puerto Plata apartments increased by a staggering 23% with more spacious apartments showing the highest appreciation. House prices are also in the uptrend, increasing from US$1,578 per square metre to US$1,689 per square metre today.
Gross rental yields for properties in Bangkok range from 5.0% to 8.0%. In the last three years, medium-sized apartments posted significant rental yields. In the Sukhumvit area, average rent costs US$1,373, with a per annum gross rental yield of 5.13%.
Property markets in Portugal have been on a constant rise in the early months of 2015. Prices of properties rose by 6.09% year-on-year since 2018 but they are still giving investors excellent returns. In the last quarter of 2018, house prices increased by another 2.03% from the third quarter. Lisbon apartments have the best gross rental yields ranging from 5.4% to 6.2%.
According to the National Institute for Statistical and Economic Studies (INSEE), France property prices significantly rose by as much as 3.12% up to the first quarter of 2018. The country’s gross rental yields are currently at 4.2% for small apartments and 3.9% for the bigger ones.
The property market of Mexico remained robust since the last two quarters of 2018, increasing by as much as 9.92%. Mexico has a high demand for housing so house price movements depend on the supply and demand, rather than speculation only. Gross rental yields range from 4.9% to 5.4%.
Belize is a property investor’s paradise for its low-income tax rates whilst house and condo prices remain stable. With rental income considered as business income, it has a flat rate of 3%. Investors do not have to pay capital gains tax.
Rental yields in Istanbul range from 2% to 4.7%. In 2017 to 2018, smaller apartments have higher yields. Interestingly, Turkey’s minor districts have lower prices per square metre thus award higher rental yields to property owners.
10. Turks and Caicos
The country bounced strongly in 2018 as condo prices increasing by 6.75% year-on-year in the report by Sotheby’s International Realty. Similarly, single-family homes appreciated by 6.24%.