Investing in property is a major decision that should be looked at from all angles. If you are considering a new real estate investment, either domestically or internationally, there are many great cities and locations where you could find some great opportunities for 2016.
Here is a look at the U.S. cities that Americans and foreigners should be paying attention to, and why:
Bonds? Forget about it. Global bond funds are gearing up for a major drought. So, what does that mean for the U.S. market? It has been seven years since the global financial crisis and countries across the Americas are moving on to the next stage. Investors, such as Keith Knutsson, have a positive outlook on the continuing environment for property investment within the United States.
Even though housing prices have been rising, wages are at a standstill, this makes buying property difficult for many. First time buyers should be looking where the market favors the homeowner, such as these cities in Florida:
● Orlando
● Fort Lauderdale
● Cape Coral
● Palm Beach
● Tampa
Homes around these areas all have a price range from $193,000 to $285,000, which is low for living in the Sunshine State. However, the rate has been rising by 10% - 15% within the past few years.
The reason Florida has such an amazing market is because it attracts retirees and second-home owners. These type of homeowners also have a positive impact on the economy. Those who are in the market for a new home are also in need of services, which means there are steady and reliable jobs available.
San Antonio, Dallas, and Austin, Texas also offer a range of investment opportunities.
Homes in Texas average between $201,000 and $281,000. Texas managed to stay on its feet throughout the recession due to their diversified economy, and Texas metros are doing quite well overall. Texas has seen job growth over the past few years, especially in careers such as construction, leisure, hospitality, technical firms, and data centers. This is a positive thing for the real estate market. Only people who have steady and long term careers will invest in property, and Texas is booming with career opportunities.
However, perhaps you want to try the market in a foreign country or to expand your business internationally. Keith Knutsson has done extensive research on international cities and found some of the best (in 2016) for property investments.
Here are some of the overseas cities that are booming in the real estate market:
Algarve and Portugal. With beautiful oceanfront property you can’t go wrong, However, that property comes with a price. A seven-bedroom home with a beautiful view can cost up to $8 million dollars. But, you can find property close to the water, and close to the incredible beaches, for around $250,000.
Ambergris Caye and Belize. With breathtaking-tropical landscapes, you can find opportunities in Belize (beachfront) for as low as $150,000 or less. The recreational opportunities make it a highly sought-after place for those looking to invest in property.
Samaná Peninsula and the Dominican Republic. Along with immaculate beaches and whale watching, the real estate prices in Samaná Peninsula are hard to beat. Starting with one-bedroom apartments at $100,000 and moving into high-end developments, with luxury amenities, for just over $200,000.
The Abruzzo region of Italy. When looking to invest in overseas property, Italy has some of the best real estate prices in Europe. The culture is rich, the landscape is beautiful, and the food can’t be beat. With renovation homes starting at just $45,000, the charm of Italy cannot be compared to any other place.
Even though there are great international opportunities, the United States is still the frontrunner when it comes to emerging market countries, economic regions, and financial and human capital dimensions.
Since 2009, U.S. equities have grown by 240%. Whether you are looking for new investment opportunities within the U.S. or for ways to branch out into the international market with help from the research of Keith Knutsson, there are many great locations that are ripe for smart and lucrative property investments.
