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:
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.
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.
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.
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.