New horizons: 4 points for investment in the global real estate market in 2024
There is never a shortage of amazing investment opportunities in the world of real estate.
As 2024 begins, certain markets continue to attract the attention of investors and second home buyers, providing capital gains and moderate rental income.
The research, conducted by Global Property Advisor's international team, has highlighted four markets that are attracting particular attention.
1. Iskele Long Beach, Northern Cyprus: new world leader
Property prices in Iskele Long Beach in Northern Cyprus have increased by 100% over the past three years, making this market a real eye-opener for investors.
With incredible beaches, a mild climate and a low cost of living, Iskele Long Beach is emerging as a new leader on the global real estate scene.
When Global Property Advisor first recommended this market, new beach condos could be purchased for under $60,000. Despite the 100% jump in prices, properties are still surprisingly affordable, especially compared to other Mediterranean resorts.
2. Mazatlan, Mexico: An Emerging Jewel
Mazatlán, although overshadowed by its famous neighbor Puerto Vallarta, is gaining momentum thanks to its long beaches and wide range of activities. With growing popularity and new infrastructure, Mazatlan offers the potential for high real estate income.
3. Providenciales, Turks and Caicos: A Caribbean gem
Providenciales attracts attention with its crystal clear Caribbean waters and luxurious resorts. Despite high entry costs, this market offers high overall returns and a favorable tax situation, making it attractive to real estate investors.
4. Puerto Vallarta, Mexico: A Paradise Hideaway
The cost per square foot in Puerto Vallarta may seem high, but this figure holds true for this branded city that has long been a global icon for quality coastal living. With stunning ocean and sunset views from most homes, and easy access from the US and Canada, Puerto Vallarta not only offers investment opportunities, but also luxury vacation and rental opportunities.
In conclusion, the real estate markets in these four locations offer unique opportunities for investors and buyers looking to diversify their portfolio and enjoy a wonderful coastal lifestyle.
With growth trends and stability, these markets represent a paradise for those seeking high returns and capital growth in the global real estate market.