The Best and Worst Countries for Americans To Buy Property
Part of this article is from Yahoo News.
Most people relocate to Costa Rica because of its outstanding international reputation, natural wonders, friendly people, cost of living, medical care, excellent weather, and quality of life along with other factors.
A good number of those who move here become homeowners.
I found this article very interesting for retirees and other expats and wanted to share it.
Real estate is one of the oldest ways to invest and generate income, and that isn’t changing any time soon. However, the real estate market has been a bit chaotic in the U.S. since the start of the pandemic, and it has Americans searching far and wide to find the best including what you might call second-tier and third-tier American markets.
Another option, though, is to consider other countries for real estate investment. While there could be regulatory hurdles and complex tax scenarios to navigate, it might be worth considering other countries if the price is right.
For instance, some foreign countries may have rental yields much higher than the U.S., which has an average yield of 2.91% (though that varies by market.
Best:
We’ve saved the best for first — here are the best countries for American investors to buy real estate.
- Moldova,
- Egypt,
- Jordan,
- Ghana
- Montenegro
- Costa Rica:
Rental yield: 7.48%
Rent: $556
Costa Rica has drawn a lot of attention in recent years due to its environmental stewardship, but it also happens to be an excellent place to invest. Rental yields are around 7.50%, and monthly rent is reasonable.
Worst:
Now that we have seen some of the best countries for Americans to buy property, let’s take a look at some of the worst.
- Israel
- Argentina
- India
- Austria
- China
- Turkey
