5 Best International Cities to make overseas property investments.
Many experts often opine, “Investing intelligently on real estate can make you wealthy”. And we couldn’t agree more with it.
Today, Indians have become reliant on overseas real estate to diversify their wealth portfolio. Diversifying portfolio includes investing in various asset classes, including real estate. Therefore, buying the right real estate is a powerful wealth-building tool anywhere in the world, especially if you buy at the right time and in the strategic location. It’s wise to consider some of the top global investments to expand your overseas portfolio.
We have picked out these top 5 international real estate locations for you:
1. Austin
Since Elon Musk plans to develop several high-tech firms in Austin, the city is also renamed ‘Silicon Hill’. According to U.S. News & World Report’s Best Places to live survey, Austin has been on the top spots for four consecutive years. Many other accolades were awarded to Austin, including those for America’s Best Job Market, the top ranking in Wall Street Journal 2020, and many more. The city is one of the most desirable places to live, and its real estate has already seen modest gains, with rising property prices and lesser living cost when compared to New York and Palo Alto.
2. Miami
In South Florida, this incredible cosmopolitan city makes it to the top five without a doubt! Among the start-up and finance worlds, Miami has grabbed the attention of many as the next tech hub. The city has also attracted many Wall Street bankers and fund managers. In addition to Blackstone, Starwood Capital, Goldman Sachs, Virtu Financial, and Elliott Management, new corporate residents have taken up residence in the city. Thus, property prices increased as a result of the real estate rush. Miami is the perfect beach city for the well-off Indian, hence making it deal for you to invest.
3. London
With the increase of pandemic globally, London has seen a substantial increase in the real estate investment as the U.K. announced a stamp duty holiday for first-time buyers on purchases. Therefore, the average price for the property has surpassed for the first time. With the reduction in stamp duty, buyers continue to flock to London. Property markets in London has emerged as Indian’s most preferred investment destination.
4. New York
In terms of gateways, New York is close behind London. In comparison to other gateway cities worldwide, New York is one of the least expensive, with the city nearing the bottom of this current cycle. If you have a budget of $500k, you can purchase an excellent studio apartment or a 1 BHK home of 550 square feet approximately in one of Manhattan’s prime locations. The recent increase in demand for viewings, multiple offers from sellers, and increased urgency from buyers suggest that the market is poised to move upwards.
5. Lisbon
During the last five years, this beautiful European destination has captured the imagination of luxury home buyers. Lisbon offers visa-free travel, excellent living conditions, education, jobs, and planning for children’s futures compared to other cities in Europe. The Portuguese CBI programme has won over Asians, including Indian families, due to its flexibility. So perhaps that’s why Portugal’s home prices increased almost 6% in 2020. Investing in Lisbon real estate is one of the best opportunities you can ever get!
If you are seeking a value-added property with a global lifestyle, do choose one of these top 5 cities as an excellent investment proposition.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
