With summer ending, it’s time to start planning that winter getaway. But this year, instead of blowing cash on a hotel, consider taking advantage of that depressed global real estate market: Invest in property abroad. But where?
When you buy a house, the best value is in up-and-coming neighbourhoods. The same applies here: Look for countries on the up-and-up, where the retirees haven’t yet arrived but solid infrastructure and rule of law have. And remember: More than an investment, this is a home. So make sure you love it. Here’s where to start your global house hunt:
Nicaragua
This Central American nation is rougher than its southern neighbour, pricey Costa Rica, but top-notch surfing, an unbeatable climate – and tremendous deals – are attracting bargain hunters.
$20,000 gets you a 6,000 square-foot lot near San Juan Del Sur’s 14 white-sand beaches.
Argentina
After a brief, promising financial recovery, Argentina’s in shambles again. Which means deals! Deals! Deals!
$135,000 gets you a three-bedroom flat in downtown Buenos Aires, home to beautiful women, thick steaks and strong coffee.
Croatia
Forget Italy. Since declaring independence in 1995, Croatia’s been attracting jetsetters with pristine beaches and a unique blend of European cultures.
$400,000 gets you a four-bedroom apartment just outside Dubrovnik (above), a UNESCO-protected town that overlooks the yacht-filled waters of the Adriatic Sea.
Ecuador
Often overlooked, Ecuador is the most biologically diverse country in the world, and it’s home to some of the world’s best-preserved Spanish colonial architecture.
$90,000 gets you a 17th century-style condo in Quito, complete with balcony, volcano views and year-round balmy weather.
Image courtesy of Gari.Baldi on Flickr.
Where did you see a three bed flat n B.A. for $25k? I’m no expert in Argentine real estate, but I couldn’t find anything even close to that price range… More like $150k to $200k USD.
Michael: Indeed, you are correct. Our regrets.
An error somehow occurred in the editing process, and a digit was lost. We’ve corrected it above, and linked to a sample property. Yours for a still very reasonable US $124K! Thanks for your note.