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Real Estate Markets To Keep On The Radar In 2024

Real Estate Markets
International real estate investments represent one of the most popular avenues for diversifying, preserving, growing wealth. This article explores six countries outside the European Union whose property markets are expected to draw significant interest from high-net-worth individuals seeking outsized returns.
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Georgia: Where Growth Meets Affordability

Georgia has emerged as a powerhouse in real estate investment, boasting a remarkable 30%-50% annual price growth rate. Tbilisi and Batumi, the key cities of interest, offer a low entry threshold, often starting at only around US $30,000. With a one-day ownership registration process and no property tax, Georgia provides a lucrative investment environment. Investors can also secure a 5% guaranteed return and the potential for residency with purchases of property priced over US $100,000.

Northern Cyprus: Long-Term Prospects For The Forward-Thinking

Northern Cyprus, with its 6-7 month tourist season, presents a distinctive investment opportunity. Some purchases can be made in interest-free instalments for up to 84 months, with prices starting from $96,000. Despite its unrecognised state status, the potential for growth and long-term benefits, including residency options, positions Northern Cyprus as a unique destination for investors with healthy appetites for risk.

Thailand: Southeast Asian Tourist Hotspot

With 25-30 million annual tourists, Thailand remains a paradise for many real estate investors, particularly in Phuket and Pattaya. Offering freehold and leasehold ownership options, Thailand accommodates diverse investor preferences. The country’s friendliness towards foreign investors, coupled with the possibility to get guaranteed returns of 6-8% when renting, adds to its allure. Visa-free entry for certain nationalities further enhances the country’s appeal.

Bali: An Indonesian Rising Star

Bali, a year-round tourist haven, is piquing the interest of many real estate investors. Limited development space has propelled real estate prices upwards by 15-20% annually. Investors can choose between freehold and leasehold ownership, with many properties coming fully furnished and ready for rental. While the market is relatively new and poses some registration challenges, the potential for guaranteed rental returns of 10% makes Bali an exciting prospect.

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UAE: A Desert Oasis of Stability and Prosperity

The UAE, known for its high levels of economic stability and societal safety, offers investors various perks, including tax-free income and residency options. With the Dubai Land Department and the Real Estate Regulatory Authority safeguarding investor interests, real estate purchases starting from US $150,000 can provide a 6-8% annual return. Additionally, the UAE’s long-term residency options, extending up to 10 years, make it a secure and appealing destination for high-net-worth individuals.

Turkey: Unlocking Opportunities Amidst Challenges

Turkey, despite a temporarily frozen real estate market, remains an attractive prospect for many global investors. Purchases of properties of US $200,000 can create options for residency and guaranteed rental yields of 5-7% per annum.  While some regions have experienced a recent surge in prices, potential regulatory changes may impact market dynamics. Investors, however, can still find promising opportunities with guaranteed profitability from resale and buyback options.

Based on key factors like potential resale and rental profitability, ease of obtaining residence permits, and potentially visa-free entry, these six countries present compelling investment opportunities for high net worth real estate investors seeking diversification beyond the European Union.

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