Why We Recommend These 13 Real Estate Investment Markets Right NowApril 11, 2014
Panama City, Panama
Dear Live and Invest Overseas Reader,
Next week I host our Global Property Summit. With the help of about two-dozen colleagues, friends, and real estate professionals from around the world who are convening here in Panama City starting this weekend, I'll be discussing how to find, buy, manage, hold, and profit from offshore real estate.
We'll be focused on 13 markets in particular, and a reporter from Bloomberg got in touch this week to ask why those countries.
I look for three things when scouting real estate markets—path of progress, crisis opportunity, and an expanding middle class. Some markets may offer more than one kind of opportunity at a time, but any single category of opportunity can get my attention.
Path of progress is straightforward. In which direction is growth moving? Where are people migrating? Where are investors or the government putting in infrastructure?
Path of progress investments aren't a guarantee of appreciating property values (take a look at some infrastructure projects in China, for example, that were big investments but that did not lead to growth in property values). You have to layer on some judgment. However, generally speaking, a new airport, a new road, a new shopping mall, etc., indicates new or expanding opportunity.