Best Places To Buy Real Estate Overseas In 2017
These are the best places to buy real estate overseas.
Property along this coast is one of Europe’s greatest bargains, and prices are discounted further right now for buyers with U.S. dollars to spend.
Values have moved steadily up since our initial recommendation of this market two years ago. Still, rental yields are strong.
Long-term, property in the Algarve will hold its value thanks to restrictions on coastal construction.
Leverage is possible for foreigner buyers.
Miradouro Lisboa – Papel de Parede
Lisbon has a lot to offer the visitor but hasn’t historically been a major tourist destination compared with other European capitals. This is changing. In 2015 Lisbon saw more than 3 million tourists.
Compared with other West European capitals, including Paris, London, Madrid, Dublin, and Rome, Lisbon offers generally better weather, better property prices, and a lower cost of living.
The opportunities for real estate investment in central Lisbon right now are many, varied, and compelling. This is a big area made up of many distinct neighborhoods, each with its own look, feel, and character, but all interesting as locations for a short-term tourist rental or a long-term rental for the local market.
Budget can help fine tune your search. Per-square-meter prices in Lisbon range from a low of 1,500 euros to as much as 7,000 euros.
This means a 50-square-meter apartment in one of the lowest-cost neighborhoods can sell for 75,000 euros… whereas the same size apartment in Chiado, for example, would cost more than four times as much.
Some areas of Lisbon have seen appreciation of as much as 20% in the last year. If you’re looking for a great value, focus on areas outside the “best” neighborhoods.
What did you think about our article on the best places to buy real estate?
Source: Live and Invest overseas