Top 10 Countries to Invest in Real Estate in 2024
Investing in property abroad can diversify your portfolio and provide attractive financial returns. To identify the best places to invest, consider GDP, ROI, quality of life, and citizenship/residency investment programs. Here are the top 10 countries for real estate investment in 2024.
The Top 10 Countries for Real Estate Investment
- United Kingdom
The United Kingdom offers a stable economy, high living standards, and a steady gain in property value, particularly in England. With a population of 66.97 million and a nominal GDP of $3.5 trillion, the UK is a significant player in the global economy. The rental yield ranges between 5–7%, making it an attractive option for investors. Rental income in Pound Sterling is a significant advantage. However, note that the UK does not offer citizenship or residency programs for real estate investment, and properties are leasehold, limiting the duration of ownership.
2. United Arab Emirates (Dubai)
Dubai stands out with its luxurious amenities, high living standards, and impressive infrastructure. It’s among the safest places to live and offers a Golden Visa for property investment, lasting 2 or 10 years. With a population of 3.331 million and a nominal GDP of $527.80 billion, Dubai’s rental yield is around 5.27%. Dubai also has no taxes on property ownership, rental income, or capital gains, ensuring a high ROI.
3. Spain
Spain attracts with its lush landscapes, sandy beaches, and vibrant ambiance. The property market offers high returns due to the demand for short-term rentals. Spain, with a population of 47.78 million and a nominal GDP of $1.65 trillion, has a rental yield of 7.3%. While Spain no longer provides a Golden Visa for real estate investment, there are other options to obtain a long-term residence permit, making it an appealing choice for investors.
4. Portugal
Portugal is known for its mild climate, beautiful beaches, and vibrant cities like Lisbon. The country, with a population of 10.41 million and a nominal GDP of $298.949 billion, offers a ental yield of 5.47%. Portugal provides a residency program for property investors, with the possibility of applying for citizenship after five years. This makes Portugal a well-demanded destination for property investment.
5. Germany
Germany, with its strong economy and stable property prices, offers high ROI and rental yield opportunities. With a population of 83.8 million and a nominal GDP of $4.59 trillion, Germany holds a significant position in the global market. Despite the lack of residency or citizenship programs for real estate buyers, the rental income in Euro is a notable benefit, with yields ranging from 3–4%.
6. Turkey
Turkey offers diverse landscapes, a favorable climate, and affordable investment opportunities. With a population of 84.98 million and a nominal GDP of $1.11 trillion, Turkey provides a rental yield of 7.13%. Real estate investment in Turkey provides both citizenship and residency rights, making it a desirable option for investors seeking both high returns and lifestyle benefits.
7. Mexico
Mexico is a popular destination for retirees and digital nomads, offering high investment potential and a steady rental income. With a population of 127.5 million and a nominal GDP of $2.017 trillion, Mexico’s rental yield is around 5.71%. Real estate investment in Mexico grants a residency visa and the possibility to apply for citizenship after five years, making it an appealing choice for long-term investment.
8. North Cyprus
North Cyprus offers a laid-back island lifestyle with a mild climate and year-long sunshine. With a small population of 382 thousand and a nominal GDP of 21.4 billion, North Cyprus provides an attractive rental yield of 8.5%. Investing in real estate in North Cyprus provides a residence visa and the potential for high rental returns, making it a great option for investors.
9. Montenegro
As an EU candidate, Montenegro offers promising opportunities for real estate investors. With a population of 617 thousand and a nominal GDP of $8.011 billion, Montenegro’s rental yield is around 5.61%. The country provides residence and citizenship programs for property buyers and its increasing popularity hints at future value gains in Montenegro’s real estate market.
10. Malta
Malta is ideal for a calm lifestyle with a mild climate and beautiful beaches. With a population of 531 thousand and a nominal GDP of $22.7 billion, Malta offers a rental yield of 3.66%. The country provides luxurious properties and modern amenities at affordable prices, with both citizenship and residency programs available for investors.
Among these countries, Dubai and Spain seem to be top choices for property buyers due to their impressive designs, luxurious amenities, quick ROI, and affordable investment opportunities.
Originally published on tekce.com
