From Costa Rica to Peru, the Price Is Right

Posted on Oct 5 2018 - 11:39am by Suzanne De Vita
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latin america

For investors in international real estate, opportunity's universal—but today, with geopolitical tension and uncertainty, they have to do what they've always done, but better.

So, where's the upside? In Latin America, according to Live and Invest Overseas, there are bargain homes with momentous potential for profit, even amid regional unrest.

"A strong dollar, coupled with expanding middle classes in some markets and windows of crisis opportunity in others, make this is a great time to diversify into foreign real estate, specifically in Latin America," says Kathleen Peddicord, author and publisher of Live and Invest Overseas. "In today's complicated world, international property stands out among investment options because it is both a hard asset and one of the best options for generating cash flow while building real, long-term wealth."

So, buy low and sell high! Here are the best bets, according to Live and Invest Overseas:

  1. Granada, Nicaragua

Cost Per Square Meter: $990

Change in Price (YoY): 15.6 percent

  • Colonial heritage
  • On Lake Nicaragua
  • Primarily relies on tourism
  1. Cuenca, Ecuador

CPSM: $1,123

Change in Price (YoY): -4.6 percent

  • Colonial heritage
  • In Ecuador's highlands
  • UNESCO World Heritage Site
  1. Santa Cruz, Bolivia

CPSM: $1,154

Change in Price (YoY): 15.6 percent

  • Arts/cultural scene
  • Bolivia's most populous
  • On the Pirai River
  1. Mendoza, Argentina

CPSM: $1,207

Change in Price (YoY): 27.7 percent

  • Frequented by hikers, travelers
  • Wineries
  1. Fortaleza, Brazil (Aldeota area)
    CPSM: $1,209

Change in Price (YoY): -27 percent

  • Beaches, museums and theaters
  • Economic hub
  1. Santa Marta, Colombia

CPSM: $1,266

Change in Price (YoY): -7.5 percent

  • On Caribbean Sea (Santa Marta Bay); critical port
  • Primarily relies on tourism
  1. Arequipa, Peru

CPSM: $1,360

Change in Price (YoY): 0 percent

  • Peru's second-most populous
  • UNESCO World Heritage Site
  • Primarily relies on tourism
  1. Asunción, Paraguay

CPSM: $1,537

Change in Price (YoY): -6.8 percent

  • Capital of Paraguay
  • Cheap for visitors
  • Heart of industry
  1. San Miguel de Allende, Mexico

CPSM: $1,640

Change in Price (YoY): -31.3 percent

  • About 150 miles from Mexico City
  • Historical landmarks
  • Primarily relies on tourism
  1. San José, Costa Rica

CPSM: $1,738

Change in Price (YoY): 6 percent

  • Capital of Costa Rica
  • Economic hub
  • Museums and theaters

Source: Live and Invest Overseas

 

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