Now that much of the world is safely out of recession and slowly climbing to its feet, now could be the right time to invest in some foreign property. Although it’s easy to speculate about which are the best foreign property markets, when it comes to putting down a deposit on a house, you’ll want to be absolutely sure that the market you’re buying into is a competitive one. To help you, we’ve created this guide to the best international property markets.
Australia
According to a number of recent surveys – including this one – Australia is one of the top places to live in the world. It has a strong jobs market, great universities and is extremely forward-thinking. What’s more is that as of January this year, the housing market has woken up and has become quite energetic, so if you’ve been thinking of buying a home in the great outback, now would be a good time. Start the process with a mortgage calculator like the one you can find at Capital Fortune.
Israel
The Middle East is an area of huge development at the moment, and Israel is one of the most highly changing areas in the region. Its housing market is one of the only markets in the world where growth in the sector is in double digits. Because of this and many other factors – such as its strong ties to US investors – it is one of the best performing countries in the world.
Despite some of the troubling economic and geopolitical problems facing the country at the moment, Israel is a country which is seeing mass expansion, and this makes it a unique place to invest in foreign property. Mortgage prices are increasing all the time, so buying now could see you make an excellent return.
Canada
Like Australia, Canada always comes near the top of any ‘best country to live in’ poll, so investing in foreign property there could be a great move, as the home you’ve purchased is likely to remain in high demand. Prices in Canada fell following the recession, but as of 2009 there’s been slow yet consistent growth which has seen real estate in the country in high demand.
So there you have it, some of the best foreign property markets to get involved in if you’re looking to invest. You’re next step is to narrow your choice down to a single location – good luck.