Real estate continues to be a hot investment opportunity. There are good buys with excellent investment yields to be had around the world, but not every market is worthy of your money right now. The key is to find a market that poised for significant growth in the coming years, and then work to get in on the ground floor of a great deal. In some cities, this is will involve investing in a condo, while others might be a home or simply land. Whatever the case might be, you need a starting place to begin your search for the best cities to invest in real estate. With that in mind, take a look at the following seven cities worth investing in real estate in 2018.
Chiang Mai, Thailand
Chiang Mai provides the best value of the cities on this years list. You can pick up a home in this Thai resort city without breaking the bank, and you will then be virtually guaranteed of a solid rental income for as long as you own the property. With current rental values in excess of $1,000 USD a month, you can reap profits without much outlay to speak of.
If you think property in Barcelona is expensive, you would be correct. However, expensive markets do not necessarily equate to poor real estate value. In the case of Barcelona, the rental market is explosive. You will immediately enjoy rental values in excess of $4,000 a month, which will get you a noticeable return on your investment.
Puerto Vallarta, México
If there is one constant around the world, it is that people enjoy a good holiday from time to time. Puerto Vallarta has turned into one of the hottest tourist destinations in Latin America, and this equates to a lucrative real estate market having emerged. You will find some good buys on homes and condos alike, with the average year round rent in the neighborhood of $2,500. That’s right – Puerto Vallarta has the distinction of attracting visitors throughout the year, which further increases the value of the property market.
Victoria, British Columbia
Victoria makes this years list of best cities to buy investment property because of its high standard of living and explosive business climate. As you look at homes for sale in Victoria BC, you will find some exceptional values that are poised for double digit increases in the coming decade. It is important to look for houses to buy in Victoria BC that have an exceptional rental yield. In that way, you will be able to earn a good monthly return while watching your asset grow in value over time.
Crete continues to be a hot real estate market. With rental prices in the $1,500 range per month, you can’t go wrong. Property values continue to increase in this resort city, making this a great year to invest.
Paris is by far the most expensive market on this list, but for a good reason. Condos and homes alike can be rented out for more than $10,000 throughout the city. That makes for a good investment no matter how you look at it.
Da Nang, Vietnam
Vietnam is open for business, and this means that cities like Da Nang are experiencing property growth. Rental prices are now approaching $1,500 a month, and real estate values continue to increase. This is a good time to get in on the ground floor.
As the best cities to invest in real estate, these seven locations are worthy of your consideration. While some are more expensive markets than others, each provides a great return on any rental properties you might choose to purchase. The best cities to buy investment property are those that are in high demand for tourists and residents alike, and each of these seven fit that parameter. Take your time when making your selection and you will be well positioned to watch your real investment portfolio grow over time.