Forbes magazine recently published an article on the most promising places to invest in real estate abroad in 2024. Among all the available options, the leader was NORTH CYPRUS.
🌍 There are dynamic markets around the world that welcome foreign investment, and in some cases even incentivize it, by offering residency and other benefits in exchange for investment above certain financial thresholds.
These are places that offer real estate at affordable prices, especially compared to prices in the United States, where the average cost per square foot is $2,379.
Below are the top 5 countries where you can buy affordable property abroad in 2024. To highlight the benefits, it is suggested to compare the cost per square meter in each of these locations with the price in the United States.
1️⃣ Northern Cyprus offers savings of 47% compared to the US market, with an average cost per square meter of US$1,270. This region attracts investors and those wishing to buy property abroad due to affordable prices, as well as promising tourism potential with new hotels and luxury infrastructure.
2️⃣ In Brazil , especially in the city of Fortaleza, you can save 38%, where the average cost per square meter is 1485 US dollars. It is recommended to look for properties in local resort areas such as Fortaleza, where beach homes are available from $70,000 to $140,000.
3️⃣ Colombia provides 34% savings compared to the US market, especially in the city of Medellin, where the average cost per square meter is $1,561. Moreover, investors making purchases above certain thresholds may be granted a temporary residence permit.
4️⃣ Montenegro offers savings of 32%, with an average cost per square meter of US$1,625, and despite price increases, remains one of the affordable markets in Europe.
5️⃣ Greece , in particular the islands of Corfu and Crete, provides 23% savings compared to the US market, where the average cost per square meter in Chania is 1841 US dollars.
Source: Forbes article dated 11/30/23
Where would you direct your investments?
