Baltimore, MD (PRWEB) March 29, 2012
U.S. citizens planning on investing in property should focus on booming emerging markets overseas, new research has found.
InternationalLiving.com’s Global Real Estate Index 2012 highlights the world’s 27 most attractive—and potentially lucrative—real estate hotspots outside the U.S.
Locations were ranked based on categories such as ‘Value for Money,’ ‘Appreciation Potential,’ ‘Income Potential,’ ‘Costs’ and ‘Ease of Buying.’
Ecuador’s north Pacific Coast came out on top thanks to its extremely low property costs and good quality housing stock.
InternationalLiving.com’s researchers found luxury homes in beach-side gated communities selling for $135,000 and land lots starting from $31,000.
Strong appreciation potential pushed Tulum in Mexico into second, while Costa Rica’s Southern Zone came in third, thanks to its easy-to-navigate real estate industry.
Las Terrenas in the Dominican Republic and the Iracema area of Fortaleza in Brazil’s northeast rounded out a top five dominated by Latin American countries.
Depressed markets in the struggling Eurozone also figured, with Ireland’s capital Dublin coming in at 14th place and Spain’s Murcia region sneaking into 22nd.
Asia was represented thanks to strong showings from Cambodia, Laos and Vietnam.
However, it was Ecuador’s north coast which really caught the attention of InternationalLiving.com’s researchers: “This is one of the nicest stretches of Pacific coast you will find,” explains report author Ronan McMahon.
He continued, “Until a year ago, the drive time from Quito took more than eight hours. Now, thanks to a new road, you can drive from the capital to the coast in three-and-a-half hours.”
According to McMahon, this infrastructural development points to appreciation potential in the region, while rental yields are also high.
“I visited a home that grossed $3,800 in rent last December alone. The owner bought the property for $180,000 so that’s a gross yield of 2.1% – from a single month,” said McMahon.
Full details of the InternationalLiving.com Global Real Estate Index 2012 can be viewed here:
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