Real estate is often a first for individuals when it comes to investing, spending or indulging with an excess of money. However, in today’s day and age, the real estate market is a tricky field. With the economy and its fluctuation real estate has taken a major hit in many areas of the world. It is still something that is needed by individuals progressing, looking to start families or trying to make a smart move whilst they can. There are a few markets that stand out above the rest in terms of affordability. Read on to find out where your budget may apply…
Most Affordable Real Estate Markets Right Now
Panama
Panama is highly recommended as an affordable real estate market and it is believed that this buyers market will continue through 2020. Many North Americans are choosing to invest in Panama’s market as it has remained stable, especially in comparison to the markets around it. Yields are strenuous but not as tough as they were in previous years and the countries recent relationship with China is set to develop the economy more rapidly. Additionally, this is a beautiful and tropical country that will certainly attract tourists regardless.
Brazil
Brazil has a variety of real estate markets but the most recommended is within the Fortaleza region. The area boasts an influx of tourism and targeting this market can lead to earnings of 8% net yield or potentially more. Beachfront prices here in comparison to the rest of the world are a steal. The B|razilian real remains stable and has proven to remain this way over the decades. Thus, the good yields and a weak currency are making this a great market as well as beneficial in beauty and destination.
Portugal
Property markets in Portugal have been on the rise since 2015 in popularity. It has become one of the most beneficial markets as well as a great destination for holidays, or tourism. There are a few areas that are incredibly expensive and have been priced beyond what they are worth, such as Lisbon. However, there are more affordable areas- some of which might be a good idea for a renovation project if interested. The lesser-visited areas along the Algarve coast and the Porto region north of Lisbon are good starting points.
