If you are sitting on some extra cash and are keen to climb the property ladder in 2020, there are many fantastic opportunities to take advantage of. Whether you are looking to sun yourself on the beaches of Brazil or rent out an AirBnB in the glamourous apartment blocks of Panama City, 2020 could be the year you make the best investment decisions of your life.
Panama City, Panama
Panama is considered by many to be one of the best places in the world to invest in real estate. Currently, Panama City is experiencing a slowing of resale transactions and we can expect it to be a decent buyers’ market for the rest of this year at least. Plus, due to Panama’s new relationship with China, experts predict that the economy will expand massively thanks to Chinese investment in a similar way to what Vancouver experienced during the 1990s.
Menorca, Balearic Islands, Spain
Since the Spanish crisis brought Menorca’s economy to its knees over ten years ago the island has been slowly recovering. When compared with sister Baleric islands Mallorca and Ibiza, Menorca’s real estate is a much better value investment. Property prices seemed to be hanging between 15% and 20% lower than the other island in 2018 and this seems to be continuing. So, if you want to experience some Spanish island life then there is really no better time to invest as there are some great Menorca homes and decadent Balearic Villas for sale on this picturesque island.
Fortaleza, Brazil
Brazil is a huge country with ample areas for property investment; however, the most often talked about is the Fortaleza area. With beautiful coastal surroundings, this district has quickly become a top tourist destination. This means rental prices are rising and, as the Brazillian real has remained consistently weak against the dollar, this is a safe investment for anyone dealing in a currency stronger than the real.
Santo Domingo, Dominican Republic
Investment in Santo Domingo is always going to yield a good return on investment. With such a high quality of life and a contrastingly small cost of living ex-pats, foreign businessmen and tourists are flocking to the capital in droves and creating a soaring property market. The Dominican Republic is currently benefiting from strong, consistent growth thanks, in part, to increasing foreign investment. A furnished rental for your use, that can also be rented on AirBnB here, can be an excellent source of cash that should appreciate further in the years to come.
Portugal
Ever since 2015, Portugal has been one of the best places to invest in real estate. Although some of its once economically fruitful neighborhoods have now become saturated, Lisbon is still one such sound investment. In addition, the lesser-visited areas along the beautiful Algarve coast and the Porto region both offer outstanding property investment opportunities.
As you can see, there are sound property investments to be made across the world in 2020, and in many beautiful places. So, maybe this year will finally be the time you experience a new way of life and try living in and investing in a property overseas. For more useful tips on what property investment, check out our article ‘Investment tips from a property investment expert’.Â
