I devote all my time to scouting for the hottest international real estate opportunities…so you don’t have to.
First, we put in countless hours of research, investigating real estate markets across the globe, until we find a location that stacks up.
Spain – One of the busiest tourist locations on my beat is Spain’s Costa del Sol. Visitors come from all over Europe to enjoy its 300 plus days of sunshine…or to golf one of its hundreds of courses. Almost 13 million travelers fly into Malaga each year.
I’ve been keeping a close eye on Spain for years…and making regular trips since 2009. It’s a place I like to spend time; it’s cultured, friendly, and atmospheric. Though Spain suffered hard from the recession, the banks were slow to sell off real estate. I waited for the right moment to recommend a buy.
Last March, I found an opportunity close to the luxurious Puerto Banus near Marbella in southern Spain. It’s where Europe’s elite go to burn off steam. You’ll see supercars parked here…and yachts moored in the harbor. It’s the epitome of luxury.
Seven minutes from here, I recommended condos with no brainer pricing: $129,000. As I expected, they sold out fast. Today, a condo that would have set you back $129,000 last March now lists for €195,000 ($216,761). Rental demand for these condos is strong.
Long-term renters will pay €900 ($1,000) to rent for a month long-term…or €750 ($833) per week short term. There are plenty of both long- and short-term renters.
Rent long-term for a year and that’s a rental yield of $12,000. Those condos are no longer available at that bargain pricing…but there are still pockets of opportunity on Spain’s Costa del Sol. And plenty of opportunity to command a strong rental yield.
Riviera Maya – I’ve saved the best for last—the destination with the strongest rental income opportunity on my beat. Mexico’s Caribbean coast—known as the Riviera Maya—has marked itself out as a best-in-class location for rental yields.
This is the quintessential Caribbean—endless, blue sea and even bluer skies, miles of natural beauty and wildlife, and cold beers on the beach. But it’s packed with amenities and reachable along a modern highway. No “roughing it” required to enjoy your time here. And more and more vacationers are coming every year.
I’ve found some great opportunities to buy here in the past few years…all at prices that have appreciated. Those opportunities threw off some strong rental yields.
One exciting new opportunity recently reached my desk. Here buyers could lock down what could be one of the best rental opportunities I’ve ever found. They could buy a condo pre-construction for less than $160,000. Then, once the community it’s in is up and running, command $1,000 for a week’s rent. Rent for just 20 weeks a year and that’s $20,000 gross rental yield—or 12.5%.