After vicious shocks, the real estate market has picked up the pace, and is showing promise in 2016. Sales in many countries are booming, prices are rising, and investment choices have never been more important. Popular destinations and vacation rentals are heating up, but there are also many hidden gems waiting to be utilized. Many experts claim that we are living in the golden age of overseas real estate investment, and we have a strong dollar to thank for this.
Great Smoky Mountains, North Carolina
Considered to be one of the best vacation rental locations in the country, the Great Smoky Mountains offer more than just striking scenery. Many people flock here to immerse in some biking, hiking, fishing and other ways of relaxing. The Bryson City is a good place to start, with average home prices set at $139,000. Now, those who seek a spot near the stunning Lake Junaluska have to come up with $20,000 extra, while the prime location in a Magic Valley costs as much as $181,000.
Nashville, Tennessee
The spiritual home of country music is not only a lively urban landscape, but also surprisingly affordable. People throughout the U.S. come here during the holiday season in order to enjoy the rich amenities: Music venues, restaurants, museum, parks, and 2,700 acres of biking and walking trails. One may chose between the busy city centre and the picturesque countryside. Median single-family homes are priced around $235,000, and the favorable business taxes are the reason why many entrepreneurs decide to make the Nashville their home.
Medellin, Colombia
Last year the peso dropped to the 10-years low against the dollar, meaning that everything in Colombia is discounted. Foreigners can exercise property rights freely, and transfer titles and encumbrances are conducted via public document. Registration tax is 1% of the property value, and fee 0.50%. Medellin is certainly a top-notch choice when it comes to both lifestyle and investment. Just make sure to grasp language and cultural barriers, and lower your expectations regarding the level of the regulation of the market.
Maputo, Mozambique
Africa is a diamond in the rough, a place of extraordinary investment adventures. Mozambique has the tropical climate, opulent natural resources and 2,500 kilometers of pristine coastline. Many euro and dollar-paying expats are putting this country on their investment maps, and in the capital of Maputo, beachside plots are being turned into holiday homes, and high-end properties are sprouting like mushrooms after the rain. To find properties for sale in Mozambique, one can turn to various online resources, or eager real estate agents.
Panama City, Panama
The property market in Panama has softened in recent years, but it is still quite stable and lucrative. The country has an edge, or to precise, two of them: The Panama Channel, a true cash machine, and diversified buying pool. It attracts numerous investors from North America, but also places like China and Europe. With the Pacific and Caribbean coast adorning the stunning landscape, cosmopolitism of Panama City, and tranquil rural escapes, Panama also has a strong lifestyle allure.
Malaga, Spain
In Southern and Eastern Europe, it is possible to come across undervalued markets. Some of them are popular holiday destinations, displaying steady rates of growth. This is the case with Spain, one of the most sought-out countries for investment. Malaga, the pearl of the Costa del Sol is all the rage, although the price tag of $2150 for a square meter may put some investors off. Still, with an amazing location, and second-home market thriving, the city offers great rewards, financial and otherwise.
The global stage
Making investment decisions as sound as a dollar requires you to do the research and weigh all the pros and cons of the particular market. Do not shy away from foreign undertaking: In the States, one will find no shortage of opportunities, but some of the biggest bargains are overseas. Remember that the U.S. dollar holders have a head start on the global property stage, and should strive to make the most of it. This is shaping up to be an amazing year for property investors, but complacency is still not an option.
Author’s Bio: Lana Hawkins is an architecture student from Sydney, Australia. She enjoys writing about interior decoration and landscaping. You can find Lana on Facebook.
Nancy is a client first real estate agent in Tri-Cities, WA. If you have any questions on owning homes, living in the Tri-Cities, or purchasing your first home, you can contact her directly at: