Latin America, Europe and Asia are home to many countries that business decision-makers find financially attractive. Here are some of the top countries to look into.
Buying property abroad can be an attractive option for those looking to invest or those who’ve found the ultimate vacation spot and want to retire or live in the country permanently. But keep in mind that each country has the right to place restrictions on non-citizens who wish to own properties. Even if the country you’re interested in allows foreigners to buy homes, you may be required to obtain special residence permits or register with a government agency before completing a home purchase.
Nevertheless, Whether you’re seeking to purchase a holiday home, a spot to stretch your retirement savings, cultural enrichment, or just find a good investment opportunity, the countries mentioned below are some of the finest to buy property for investors and retirees alike.
But just in case you don’t have time to go through all the details, here is a quick summary of the countries listed:
- Mexico
- Indonesia
- Lithuania
- United Arab Emirates
- Brazil
In this article, we will take a look and dive deep into the nitty-gritty of why these top-5 countries are a great start, especially if you’re thinking of investing in property or potentially making the big move. But before we begin, here is a quick heads up. When we talk about GDP or gross domestic product, this figure is significant for investors because it can affect how the financial markets behave positively and negatively. In most cases, a strong GDP growth translates into higher corporate earnings and doing well in the stock market. So always look out for high figures when it comes to a country’s economy. Because ultimately, by tracking the ups and downs of the economy, investors can make appropriate financial investment decisions. Anyway, back to the list.
1. Mexico
Mexico, the land of culture, natural beauty, and delicious food, is known for its palm-lined beaches, tasty cuisine, and fascinating cultural history. You can spend your days relaxing on the famed beaches of Cancun, Tulum, and Puerto Vallarta or exploring ancient Mayan and Aztec ruins in Chiapas and Chichen Itza. Bordered by the Pacific Ocean with the Gulf of Mexico to its East, Mexico is the third-largest country in Latin America. It has the second-largest economy in the world. It also shares borders with the Caribbean coastlines and has a society that breeds extremes of wealth and poverty. With 128 million people, Mexico has a GDP rating of $1.27 trillion.
2. Indonesia
Whether you’re looking to bronze on beautiful beaches, hike in search of endangered orangutan, or snorkel among some of the most beautiful coral reefs on Earth, this country has something for everyone. Indonesia’s people are diverse, speaking more than 300 languages and ranging from cosmopolitan urban to rural villagers. With a population of 271 million people, Indonesia’s GDP rating stands at $1.12 trillion, making it the second-best choice for an investment in any way you have your eyes set.
3. Lithuania
Lithuania is the largest and most populous of the three Baltic nations. It is located along the South-Eastern shore of the Baltic Sea, bordered by Poland and the Russian Kaliningrad. With a population of 2.79 million people, Lithuania comes in at number three with a GDP rating of $54.7 billion.
4. UAE
We all know that the UAE is commonly known as the promised land with no taxes to be seen (which must be nice). This country has 9.7 million people and a GDP rating of $41.7 billion.
5. Brazil
And finally, we come to the fifth country to formally invest your money in, which is Brazil sitting in at a whopping $1.8 trillion GDP. You are pretty much guaranteed to make some cashback here. Brazil has a population of 200 million people occupying half of South America’s landmass. It is a giant of the continent both in size and in people. Brazil’s also one of the world’s top tourist destinations. Still, on the opposite side of the spectrum, it’s also touching on serious issues like poverty, inequality, governance and the environment – so be aware.
A high GDP rating means that the economy is growing and the resources available to people in the country, which include goods and services, wages and profits, are increasing, so the chances of you getting your moola back are excellent.