If you are thinking of entering the luxury real estate market, looking at overseas options is a great choice. Not only will it help protect your other investments, but there are so many incredible homes that can generate you a substantial income. However, one question you may be having is where to start looking. With 195 countries to choose from, it can be challenging to narrow down!
In this article, we are going to look at eight of the best countries to invest in luxury real estate so that you can start the process. Want to learn more? Then keep on reading!
Without a doubt, Spain is one of the best places to start your investment journey, especially if you want to go down the route of either a holiday rental or long-term rental. Alongside the fact that Spanish banks are favorable to foreigners, the market has remained consistent over the past years. This is mostly due to the countries affordable cost of living, making it an excellent option for expats and retired individuals. Just take a look at this luxury property investment in La Quinta, for example. White beaches and rolling mountains? What more could you ask for!
Known for its incredible landscape and interesting mythology, this beautiful country brings in more and more tourists every year. This means that there is a high demand for luxury properties. Yes, the market can be competitive, but you won’t be disappointed if you do manage to get in. Crete, Corfu, and Rhodes are just a few great islands that you should look at to get started.
Australia is definitely one of the most stable places for any kind of real estate investor. The market has grown at an average of 11 percent a year, and the economy is incredibly resilient. Alongside this, the tax and financing systems are favorable and straightforward, eliminating hassles that you may be concerned about. From the city of Sydney to the sunny Gold Coast and beautiful rural towns, there is something for everyone.
Germany might not be the first country that crosses your mind, but it actually has one of the largest real estate markets. Alongside being the biggest economy in Europe, it welcomes investors from across the world with open arms. It’s safe, reliable, and the low cost of living is drawing more and more people in. Check out these other reasons why you should invest in Germany for more information!
Luxury real estate is currently in high demand in Malta as many foreigners look to relocate to the beautiful paradise. It may be small but has countryside residences and city homes to suit every preference. With high popularity in St. Julian’s and Sliema, it offers incredible returns and stability. It’s one place that you should definitely check out!
Much like Australia, the UK is also a tremendously stable country if you are looking to invest in luxury real estate. With an undersupply of homes available for rent in residential areas, it’s the perfect opportunity for investors to secure a stable income. London is a popular place to start looking, but there are many great mansions in the countryside that can be worth looking into.
Tropical beaches, waterfalls, and friendly locals – Brazil is another top-rated tourist destination. Due to its underdeveloped market, it’s an excellent option for those that want to build their own luxury property. Like the other countries on this list, foreign ownership is encouraged, and investors have the same rights as those born here.
While the US market has seen a lot of ups and downs, there are a few locations that will always be in high demand. These include places like California, Florida, and New York City. However, you can also get good deals in other states if you know where to look. Just check out these cities with the lowest mansion prices to see what we mean. You always have the opportunity to do them up and flip for a higher profit.
Now that you have read through the above, you should have a better understanding of where you can invest in luxury real estate. However, you shouldn’t be limited to these few options. There are so many countries out with great properties that you can either rent or renovate and resell. France, Turkey, Indonesia, Morocco, and the Philippines are another few honorable mentions.
What do you think? Are you ready to get started?