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:
- Granada, Nicaragua
Cost Per Square Meter: $990
Change in Price (YoY): 15.6 percent
- Colonial heritage
- On Lake Nicaragua
- Primarily relies on tourism
- Cuenca, Ecuador
CPSM: $1,123
Change in Price (YoY): -4.6 percent
- Colonial heritage
- In Ecuador's highlands
- UNESCO World Heritage Site
- Santa Cruz, Bolivia
CPSM: $1,154
Change in Price (YoY): 15.6 percent
- Arts/cultural scene
- Bolivia's most populous
- On the Pirai River
- Mendoza, Argentina
CPSM: $1,207
Change in Price (YoY): 27.7 percent
- Frequented by hikers, travelers
- Wineries
- Fortaleza, Brazil (Aldeota area)
CPSM: $1,209
Change in Price (YoY): -27 percent
- Beaches, museums and theaters
- Economic hub
- 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
- Arequipa, Peru
CPSM: $1,360
Change in Price (YoY): 0 percent
- Peru's second-most populous
- UNESCO World Heritage Site
- Primarily relies on tourism
- Asunción, Paraguay
CPSM: $1,537
Change in Price (YoY): -6.8 percent
- Capital of Paraguay
- Cheap for visitors
- Heart of industry
- 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
- 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
