If you’re looking where to invest in overseas property this year, here are the hottest picks.
Buying property in a tourist destination has many perks. Not only do tourist resorts offer great opportunities for rental income, but visiting your property is all pleasure too. Here we look at the top seven tourist destinations for property investment in 2017.
Not only do tourist resorts offer great opportunities for rental income, but visiting your property is all pleasure too
Algarve, Portugal
Some of Europe’s greatest property bargains can be found in the Algarve. Rental yields are strong and the property market is growing at a good pace. The Algarve has restricted development on the coast so coastal properties will maintain strong values in the future.
Gold Coast, Australia
Compared to most cities in Australia, the Gold Coast offers affordable real estate. With the Commonwealth Games coming in 2018, a new light-rail system that will connect the region to Brisbane and a planned airport expansion, now seems like the time to invest in property on Australia’s Gold Coast.
The Gold Coast in Australia is both stunning and affordable
Bogota, Colombia
The capital of Colombia, Bogota is a thriving business hub offering plenty of investment opportunity in the business traveller rental market. Colombia’s economy is strengthening and the people are becoming increasingly wealthy, resulting in the property market appreciating. Looks like a good long-term opportunity for capital gains.
Playa del Carmen, Mexico
Playa del Carmen is the fastest growing city in Latin America and a thriving tourist hub. The property market offers strong yields that can be as high as 80% per year. The real estate market in Playa del Carmen is in demand, with plenty of activity and great potential for re-sale.
Playa del Carmen is the fastest growing city in Latin America and a thriving tourist hub.
Ceara, Brazil
Looking for a rental investment? Ceara, a state in northern Brazil that includes the resort of Fortaleza, offers a steady flow of holiday rental revenue, plus a steady inflow of long-term residential rentals too. With a new international airport and the potential expansion of an interstate highway, the future is bright for Ceara. Buyers investing in Brazil can take advantage of the weak currency, which is slowly beginning to recover.
If you’re ready to buy, contact Smart Currency Exchange to get a quick and no-obligation quote for your Brazilian reals.
Cape Verde
An hour’s flying time south of Tenerife, the beautiful beaches and booming winter tourism industry makes Cape Verde one of the most attractive places in the world for real estate investment in 2017. With multi-national resorts and big developments launching large investment projects in Cape Verde, the potential to clean up on winter sun bookings is huge.
Madrid, Spain
With Madrid’s property market officially in recovery, and year-on-year sales volume increasing 25% in 2016, Madrid presents plenty of real estate opportunity, especially in the districts of Salamanca, Jeronimos and Chamberi, where low inventory is driving prices up. Outperforming many European cities with regards to real estate in 2016, Madrid is the perfect tourist destination for investment this year.