What are the Top Countries for Expats to Invest in Real Estate?
Many of us have had the fantasy of packing up and moving to a distant land, on a fresh adventure into the unknown. For a lot of people, it remains a pipe dream, too drastic to ever pull off. However, in the modern age, there are reasons why investing in real estate abroad is possible. So, if you’re thinking of getting a property in another country, there are many great options available.
Selling Up and Moving Abroad
In recent years, remote work has boomed. According to B2B Reviews, 12.2 percent of Americans are already fully out of the office. This means that you no longer need to be geographically close to your work, and can explore the idea of moving to another country if your job can be carried out remotely.
Another factor that makes the possibility of moving abroad easier is the simplicity of selling your current home using online services. Thanks to companies like Sold, you can sell your home and expect to receive the money within a week. Selling your property quickly gives you the freedom to go and immediately invest the money in a property abroad.
Portugal Has Become a Gem for Expats
Portugal is rapidly becoming regarded as one of the best places in Europe for expats, and there are record numbers of foreign residents in the country, according to Portugal Homes. Along with their welcoming population, there are plenty of other factors that make Portugal so popular. Incredible weather all year round and delicious food all contribute to attracting people to the country.
The real estate market in Portugal is currently thriving because of this boom, making it an attractive prospect for investors. You could look to purchase a property for yourself, or look to invest in apartments or villas to rent out to other expats. Portugal has made it simple for foreigners to do this thanks to the Golden Visa program, which enables people from outside the EU to obtain residency there if they invest.
Stunning Condos in Thailand
Foreigners in Thailand can’t buy land or detached houses, but they can purchase condominiums, or condos as they’re commonly known. If you’re looking for a place where you’ll permanently feel like you’re on holiday, investing in a space in a condo building with shared facilities and access to the beach could be the way forward.
There are a few spots that are attracting a lot of international investment, with Pattaya and Phuket the key areas for people who want easy seafront access. You can get find stunning condos for amazingly cheap, when compared to Western prices. Thailand is certainly a market that’s well worth checking out.
Thailand could also be a good option for you if you plan to spend some time in your home country and some time abroad, as it can be difficult for foreigners to get permanent residency there.
There are countless other countries that are ripe for investment, and it’s clearly getting easier for people to purchase properties abroad. As people become more nomadic because of remote work, as well as developments in the real estate industry, the idea of living in a different country is more feasible than ever.