Among many considerations, there are two that should be a priority for investors investing in residential real estate around the world. The first is choosing the best location. Second, consider the country's offer of citizenship and residency. Fortunately, there are resources available to help investors address both of these priorities.
where to invest in real estate
There are many options when it comes to where to invest in residential real estate. For luxury residential real estate, Forbes Global Properties may be a good choice. If you're looking to buy something in one of the world's largest cities, Baron & Cabot may be a better choice. Other options include “Live and Invest Abroad” and “Nomad Capitalist.”
But perhaps the best guide for investors is found in the International Real Estate Index, which identifies, compares and contrasts the world's top 20 real estate destinations for 2024. This report was compiled by real estate expert Ronan McMahon. Real Estate Trend Alert (RETA) and its team identify markets with a unique blend of value, growth potential, and quality of life. Each location is carefully evaluated across 10 categories, including relative value, income potential, quality of life and international appeal.
Additionally, the index pinpoints companies that excel in at least two of the following three areas: 1. Value for money, or the potential for growth (and therefore the potential for significant capital appreciation). 2. Strong appeal to short-term and long-term renters in Japan and overseas (creating potential rental income). 3. Excellent quality of life. ”
Obtaining second citizenship or residency
If you're evaluating a location from a citizenship or residency perspective, you can use our services at Henry & Partners, Nomad Capitalist, or our own practice here at Pace Law Firm, where I practice law called the Pace Passport Index. The guide is also a valuable guide. However, one of the best resources to check out is Arton Capital's resources. An assessment of their citizenship and residence will guide investors as to the best place to live and which passport to obtain. Founder Armando Arton says he is a “strong believer in promoting international mobility”, arguing that “immigration of investors can help change the destiny of individuals”.
Plan B – Second home and passport
To more specifically help investors looking to diversify and establish a Plan B, information from these resources can be used to help you choose the best fit. For example, according to the International Real Estate Index, the top 10 places in the world to invest in real estate are in the following order:
1. Los Cabos, Mexico
2. Caminha, Portugal
3 (tie).riviera maya, mexico
3 (tie).Rocha, Uruguay
3 (tie).Estepona, Spain
6. Panama City, Panama
7. Medellin, Colombia
8. Guanacaste, Costa Rica
9. Silver Coast, Portugal
10. Montpellier, France
Once investors have selected a real estate site such as those listed above, they should consult Arton or other citizenship and residency sites for more information about citizenship and residency prospects there before deciding which one to purchase. You can check it.
Other considerations – financing and taxes
Other considerations that need to be taken include whether the investor has access to mortgage financing in their chosen location. While overseas purchases often need to be financed by leveraging local home equity, there are other sources of capital that can potentially fund overseas purchases, such as HSBC, Barclays and other banks. There are several. Another thing to consider is the tax system of your chosen location. In this case, it is best to rely on a local tax advisor.
Embarking on the adventure of finding a second home can be a lot of fun. Being prepared for the unexpected like this can be very helpful when life doesn't go as planned.
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