The hottest overseas real estate investment markets in early 2024

In today’s fast-paced world, investing in real estate is not only a way to protect your assets against inflation, but it can also be a gateway to new opportunities and unique experiences. If you are looking to diversify your investment portfolio and step on the path of wealth and prosperity, investing in real estate abroad can be an ideal option.

This article will take you on an exciting journey in the world of real estate investment abroad. In this journey, you will get to know four hidden corners of the international real estate markets, each of which can be a unique opportunity for smart investors due to their dynamism, attractiveness and high growth potential.

The hottest overseas real estate investment markets in early 2024

From the sunny beaches of Mexico to the stunning beauty of Northern Cyprus, this article takes you on an exploration of emerging and established markets around the world. At each step of the journey, you will be provided with valuable information about the prices, trends, benefits and challenges of investing in each market.

By reading this article, you will not only improve your knowledge of property investment abroad and living in North Cyprus, but you will be able to make more confident decisions about the opportunities ahead. In the rest of the article, we refer to the results of the research published in Forbes magazine. Stay with Kargar Investment and Consulting Company.

What does Forbes magazine say?

Investors and buyers of second homes should keep an eye on four international property markets in early 2024. These markets have produced extraordinary returns on capital growth while also bringing significant rental income.

These markets have shown superior performance, according to a study published in Forbes magazine about global real estate consultants. This article from Forbes examines price performance, demand and dynamics in 28 real estate markets around the world using price per square foot (based on the average price of a two-bedroom, two-bath oceanfront apartment in each location). have given.

The hottest overseas real estate investment markets in early 2024

Let’s take a closer look at the top four markets with strong dynamics and, at the same time, high growth potential.

4 points of the best places in the world for investment

#4: Puerto Vallarta, Mexico

The fourth city is Puerto Vallarta, Mexico. It is located in the heart of the Mexican Riviera, where the Pacific Ocean meets Mexican vibrancy. Puerto Vallarta stands out as a paradise destination for travelers and real estate investors. With its white sand beaches, turquoise waters and spectacular coral reefs, this stunning coastal town welcomes tourists from all over the world as a well-known brand in the world of tourism.

But beyond its natural beauty, Puerto Vallarta also offers exceptional investment opportunities. With a significant growth in real estate prices over the past three years (66.2 percent increase), the city has been recognized as one of the top real estate markets in a Global Real Estate Consultant study.

• Cost per square foot: US$532
• Three-year price change: 66.2% increase

Puerto Vallarta has been known as a top resort market since 1963, when Richard Burton, Ava Gardner and Tennessee Williams made it famous during the filming of Night of the Iguana.

This city commands a high price per square foot due to its well-known brand. In other words, beach is synonymous with natural beauty and fun under the sun. This public image makes it easy for real estate investors to rent or resell the property.

Three other factors make investors stay in the Puerto Vallarta real estate market for a long time. First, most homes offer ocean and sunset views because of the elevation that increases inland as you move away from the coast.

4 points of the best places in the world for investment

Second, Puerto Vallarta is easy to access from the US and Canada with dozens of direct flights, and third, it offers a wealth of residential options, including neighborhoods with diverse character and solid infrastructure.

Due to its dynamism, attractiveness and high growth potential, Puerto Vallarta is an ideal opportunity for real estate investors looking for strong and profitable returns. Whether you are looking for an apartment to rent to tourists or to build a villa for your own use, Puerto Vallarta is a destination that will meet your expectations.

By investing in Puerto Vallarta, you will not only own a property in one of the most beautiful parts of the world, but you will also join a dynamic and vibrant community and enjoy unparalleled opportunities to enjoy life in paradise.

#3: Providence, Turks and Caicos

The third location or city with high real estate investment potential is Providence. In the Caribbean Sea, where turquoise waters merge with azure skies, lies the luxurious island of Turks and Caicos. In the heart of this paradise, Providence’s is a shining star. World-renowned as a luxury haven, this island offers a unique experience for travelers seeking the ultimate in relaxation and luxury.

Beyond its pristine white sand beaches and calm and clear waters, Providence also offers exceptional investment opportunities to special investors. With a dramatic increase in property prices over the past three years (a staggering 77.1 percent increase), the island has been recognized as one of the top real estate markets in the Global Real Estate Consultant’s study.

• Cost per square foot: US$1,056
• Three-year price change: 77.1% increase

Providence Sales is an upscale market with one of the highest entry fees in the world at US$1,056 per square foot. Nevertheless, it delivers strong total returns, placing it among the top performers in the Global Real Estate Advisor study.

Stunning natural beauty brings the charm of Providence’s Market. This is the best part of the Caribbean with white sand beaches, sparkling blue waters and spectacular coral reefs. On land, there are luxury resorts, fine dining and other high-end amenities.

Due to its small population of about 25,000, Providence has a more relaxed and refined feel than busy resorts like Puerto Vallarta. Best of all, it’s easy to get to from the US and Canada, and it’s about a two-hour flight from Miami.

Providence Sales is an upscale market with one of the highest entry fees in the world at US$1,056 per square foot.

Turks and Caicos also offers a favorable tax status, with no income tax, capital gains tax, inheritance/estate tax or sales tax. The capital gains or income you earn here stays with you, making this an attractive market for real estate investors.

By investing in Providence Sales, you will not only own a property on an incredible island, but you will also find yourself in an elite community and enjoy a relaxed and luxurious lifestyle in the heart of the Caribbean.

#2: Mazatlan, Mexico

The second city is Mazatlan in Mexico. Along Mexico’s west coast, where the Pacific Ocean meets Mexican vibrancy, you’ll find Mazatlan. With its long, sandy beaches, rich history and dynamic culture, this charming coastal city has great appeal as an ideal destination for travelers and real estate investors.

Mazatlan, Mexico

Compared to some of Mexico’s more crowded tourist destinations, such as Puerto Vallarta or Cancun, Mazatlán remains unspoilt. This creates a unique opportunity for real estate investors to invest in the city before it is fully realized.

• Cost per square foot: US$295
• Three-year price change: 77.3% increase

As mentioned, Mazatlán is only 200 miles above the famous Puerto Vallarta, yet it has long been overlooked by investors and home buyers.

However, this is changing. More and more people are paying attention to Mazatlan’s long, sandy beaches, with the world’s longest wooden pier, its sprawling historic center, and a variety of entertainment from restaurants and shopping to theater and live music.

Additionally, a highway connecting Mazatlán to major cities within Mexico (such as Durango, Torreon, and Monterrey) was recently completed, opening the city to new tourism markets.

Global Real Estate Consultants has seen Mazatlan real estate prices rise along with its popularity. Certain projects recommended through this advisory service have experienced price increases of up to 118% since 2020.

Inventory is currently low in Mazatlán, but with more than a dozen condo projects under construction on the coast, there is room for investment growth.

By investing in Mazatlán, you will not only own a property in one of the most beautiful parts of Mexico, but you will also join a dynamic and vibrant community and enjoy unique opportunities to enjoy life in the hidden paradise of the Pacific Ocean.

#1: Long Beach Pier, North Cyprus

And finally we get to the point. The number one real estate investment in the world is held by the North Cyprus Long Beach Pier. With its golden sandy beaches, turquoise waters and stunning views, this pristine and tranquil coastline is an ideal destination for travelers and property investors alike.

Compared to other popular Mediterranean tourist destinations such as Spain, Italy or Greece, Long Beach Pier still remains unexplored and unspoiled. This creates a unique opportunity for real estate investors to invest in this beach before it is fully realized and take advantage of the potential for high price growth in the years to come.

Long Beach Pier, North Cyprus

With a significant growth in real estate prices in the last three years (100% increase), the city has been recognized as one of the top real estate markets in the Global Real Estate Consultant study. What does this mean? In short, investing in the Long Beach waterfront right now means entering a market with high growth potential and profitable returns.

• Cost per square foot: US$241
• Three-year price change: 100% increase

The city is located in the eastern part of North Cyprus (the actual state and territory of the Republic of Cyprus) and has a 1.5 mile long beach. The city is bathed in sunshine all year round and surrounded by the soothing waters of the Mediterranean Sea.

In addition to having a beautiful beach, Long Beach Pier is close to charming small towns such as Bafra and Bogaz and attracts many tourists with its restaurants, clubs and casinos. It is a safe and low-mass environment with a low cost of living.

When Global Real Estate first recommended this market, it was possible to buy new beachfront apartments for less than US$60,000. Despite the 100% price increase, the properties are still surprisingly affordable, especially compared to other Mediterranean resorts.

In this market, properties are traded in British pounds, which makes the deal more attractive to dollar holders, given the strength of the US dollar against the pound.

At $241 per square foot, the average real estate investor can still afford to own a property on the Long Beach waterfront. However, it is only a matter of time until prices in this unique market reach the approximate level of their Mediterranean counterparts.

To learn more about the city of Famagusta, which is one of the attractive centers for investment, you can refer to reliable sources and real estate consulting experts.

last word

In this article, we take a trip into the world of offshore property investment and discover four hidden treasures in international real estate markets: Long Beach Marina in Northern Cyprus, Providence in Turks and Caicos, Mazatlán in Mexico and Puerto Vallarta in Mexico. Each of these destinations, with their unique characteristics, offer exceptional opportunities for savvy investors.

Dramatic growth in real estate prices, natural beauty, cultural diversity, relaxed lifestyle and affordable cost of living are just a few examples of the benefits of investing in these hidden treasures.

The final choice of investment destination depends on your needs, preferences and goals. If you are looking for a luxury paradise in the Caribbean, Providence is the ideal choice. If you’re looking for a pristine and peaceful Mediterranean beach, Long Beach Pier is a dream destination. If you are looking for an opportunity to invest in an emerging and growing market at a reasonable price, Mazatlán and Puerto Vallarta are attractive options. And if you are looking for our services in North Cyprus, we provide you with a unique service at Long Beach Pier.

The hottest overseas real estate investment markets in early 2024

Remember that investing in real estate abroad requires careful research. Before making any investment, be sure to consult with an experienced real estate agent and learn about the laws and regulations of that country.

Kargar Consulting and Investment Group, with a brilliant history in providing consulting and investment services in North Cyprus, is ready to accompany you in choosing and buying property in this beautiful and growing area.

Using its experienced and expert team, this group will be by your side in all investment stages and will help you find the best investment opportunities, according to your needs and budget.