The Best Cities to Buy Real Estate for Investment

2023-12-17

1,575 Views

The Best Cities to Buy Real Estate for Investment

Investing opportunities are everywhere and many promise great returns. Investing in international real estate provides access to foreign markets. Real estate is not a liquid asset, which is the key factor to take into consideration. In contrast to stocks and cryptocurrencies, real estate purchases sometimes remain locked up for years. That's why, whatever the future, you need to make sure that any property you buy is located in a place that will be valuable and in demand in 10, 20 or even 50 years. This article highlights the top cities around the world that you should consider.

Table of Contents

- Why Invest in Cities Other Than Your Own?
In Which Cities Should You Invest in Real Estate?

Why Invest in Cities Other Than Your Own?

Rental Income and Property Value Appreciation

Without putting in a lot of work, you may get passive income from your investments through rental revenue. Your rental revenue is something you may keep or put right back into the house to pay the mortgage. to increase your chances of renting out the property consider the location very carefully. normally properties near schools and have access to transport will be easier to rent out.

Diversify to Protect Your Assets

View all

Buying property abroad has many benefits, one of which is having a globally diversified portfolio. Putting all your money into one investment or bank account would be foolish for an investor. So why would you stay in just one nation? Currencies and asset values are subject to fluctuations in economic activity and geopolitical conditions. Protecting your assets is more important than generating income. Different markets respond differently to global events, and owning property abroad can mitigate risks tied to one particular economy.

Offset with Above Board Tax Exemptions

You can take advantage of tax deductions for your capital gains abroad. Many governments offer tax breaks on foreign investment to encourage investors and boost the economy. The tax consequences of owning property abroad can be difficult, so having an excellent international tax advisor is essential.

Related: Tax Exemptions In Turkiye: A Guide For Foreigners.

Secure an Alternative Residence

Having a second home after retirement might be your ideal aftercareer goal in addition to being a wise financial diversification plan. You could never afford the perfect house or vacation site back home, but with strong local currency, you could buy it. Rather than renting while their children are studying overseas, parents frequently consider buying a house.

Acquire a Second Passport

Speaking about beginning a new life, some nations allow you to apply for citizenship and a passport through residence after you've been a resident for a predetermined period of time. This varies, but before this occurs, you'll likely need to spend three to five years in a nation. In Turkiye, for example, you can obtain Turkish passport if you invest $400000 in real estate.

In Which Cities Should You Invest in Real Estate?

1. Istanbul, Turkiye

One of the greatest locations in Europe for real estate purchases is Turkey. As the population grows and the middle class grows, the nation is seeing robust economic growth. Both vacation rentals and student rentals provide excellent financial opportunities. The cost of entering the nation is inexpensive for investors. In the current market, an investment property may be afforded by every investor. Additionally, developer funding is available. After the revision of the Citizenship Law, investing in a property worth $400,000 can now help you obtain Turkish citizenship, while previously it was $250,000. In addition, several updates to procedures allow foreigners to purchase properties within just 24 hours, all under strict regulations.

2. Dubai, UAE

Recently the UAE government has been implementing policies to make the process easier and more accessible for foreigners wishing to purchase real estate. Property owners now have a number of ways to make a healthy profit on their assets that goes over a 6% net rental return thanks to the emergence of the short-term rental market. Amazing payment plans are available for a number of fantastic real estate investment alternatives in Dubai, including Jumeirah Village Circle, Downtown Dubai, and Dubai Marina.

View all

One further benefit of owning real estate in Dubai is the exemption from taxes. In some zones, the government permits foreign investors to purchase freehold real estate, giving them complete ownership rights and the ability to own the land altogether.

3. Antalya, Turkiye

Antalya has an unarguable importance in the tourism sector in Turkiye, in return the demand for real estate is ever-increasing. the beauty of the city and the stunning scenery that tourists enjoy has played a significant role in developing the real estate market. moreover, many expats and international students live there which increases the demand for rental properties.

Check out our offers for the best properties for sale in Antliya, Turkiye.

4. London, UK

London is a cosmopolitan and diversified city that is a major worldwide centre of finance and culture. There is always a high demand for housing, whether buying or renting homes. Investors have benefited financially from the continued increase in the London property market over the years. London's rental market is strong and offers investors attractive rental yields, especially in sought-after central areas.

5. Algarve, Portugal

Portugal's Algarve is among the greatest locations in Europe for real estate purchases. This seaside location is attracting investors from all over the world because of its sun, sea, and strong rental income, to name a few advantages. The region's rate of price rise is higher than the national average. Tourism will continue to be vital to the Algarve's economy in the future, and foreign purchasers have outstanding prospects, just as they always had.

6. Rome, Italy

Rome, the capital city of Italy, has a population of almost three million. it is located on the banks of the Tiber River. The city's rich history and culture attract visitors from all over the world. its magnificent building and fine restaurants is a particular magnet for investors and international clients looking for a sound investment alternative. the north part of the city, Parioli, is recognized as the economic hub where banks and financial institutions can be found. this area is also promising and appealing to foreign investors.

Related: Top Cities To Buy Apartment in Turkey.

7. Barcelona, Spain

Politically and economically, Barcelona is a stable city. Both locals and visitors as well as foreigners have a strong demand for homes in the city. Buying apartments or holiday rental apartments can make you a big profit, especially in well-known neighbourhoods such as the Gothic Quarter, El Born and Eixample. Purchasing both business and residential real estate might be a great way to take advantage of this rising demand. In addition, the construction of the new technical park and the Sagrera rehabilitation plans are examples of urban renewal and infrastructure modernization that create new opportunities for real estate investors.

What Is the Most Profitable Property to Invest in Foreign Cities?

The best property to buy might vary based on a number of variables, including geography, state of the market, and individual investment objectives. On the other hand, we at Imtilak Company strongly believe in the potential of rental homes. As real estate values rise over time, these properties can provide investors with the potential for long-term capital gains and a stable source of income.