At last year’s International Property Summit in Panama, one attendee asked me what gets me excited about real estate at this point after 25 years of investing in real estate overseas. I didn’t have a good answer.
Honestly, I’m a real estate junkie. Even when I’m on vacation, I stop and look in real estate agency windows to see what kinds of properties and prices are available in whatever town I’m in. I usually see at least one property that, if I had the time, I’d want to take a look at.
As Editorial Director of Global Property Advisor, I’m on a mission to bring you opportunities that make sense so you don’t have to take the time and expense to travel the world to find them yourself. However, one answer to the question to the International Property Summit attendee would be that the search process and finding a great deal still gets me excited.
It’s analogous to catch and release fishing. You’re not necessarily looking to take the fish home and mount it on the wall. You do it for the sport of it.
When speaking with my friends who have invested in many countries, we all agree that we could find something worth investing in almost anywhere we wanted to do the research.
You can always find a good deal if you look hard enough in any market… and have patience. That’s where the sporting factor comes in. Like the fisherman, you need patience.
Most of us don’t have the time to dig into a specific market to find whatever good deal might be there. That’s what me and my editors are here for on your behalf.
Panama
In Panama, you could secure a luxury property in a chic neighborhood with a US$1,000 deposit. Developer financing allows you to spread payments on these fully furnished units—which start at US$163k—over a full 20 years.
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Belize
In Belize, there’s a chance to capitalize on the growing luxury tourism and conference market by partnering with an established developer with a successful track record. If you’re in the market to earn high rental returns while your fully turn-key property grows in value then this opportunity could be perfect for you.
Montenegro
In Montenegro, nestled between the mountains and the sea with a mild, Mediterranean climate, and stunning views, you can own your own luxury condo—for under 120k euros. It’s a 100% turn-key, fully managed opportunity offering hassle-free annual rental returns of 9% net… and there’s a 10% discount available.
Northern Cyprus
The other thing I get excited about is something new or unusual. That’s one reason I invested in Northern Cyprus last year. It was new and the prices and potential returns for what I bought were good.
The property market in Northern Cyprus is poised to boom but there’s still a chance to profit from your own Mediterranean island getaway. Leveraging my connections, you can pick up a world-class property from just £115k (about US$150k right now).
You can enjoy a wealth of five-star resort-style amenities steps from a pristine Mediterranean beach, with incredible views and almost year-round sun…
Plus, turn-key returns of 8% net, with rental management on-site… and a discount exclusive to my readers.
The most exciting thing about investing in real estate overseas is the vast variety of options and locations available. That keeps things interesting for me… more than building up a portfolio of cookie cutter middle-class rentals in Phoenix would.
I’m investing for profit, but it should be fun as well. Like it is for the catch and release fisherman who could just buy fish in the store if he was hungry.
Stay diversified,
Lief Simon
Editor, Offshore Living Letter