Which Country is best for Overseas Property Investment in 2021?

In current times, it is crucial to find the best overseas property investment opportunities if you want to secure your future. However, with investment opportunities, you might not get the best returns if proper research is not done. That’s why we have listed the top 5 countries for property investment in 2021 that will give you the best opportunity to provide you with a good return and a steady flow of income as well.

1.   Cyprus

One of the rising destinations globally, Cyprus is evolving and is one of the best places for property investment. According to the Global Property Guide around 45% of property in Cyprus was purchased by overseas buyers in 2019, making it a hotspot for other investors.  The European Commission predict the economy of the country will bounce to a 3.2% growth in 2021.

There is infrastructural development throughout the country, making commercial and residential ownership easy to apply for. Two seaports, two international airports, and great roads give it access to various parts of the world. The cost of initiating the process will be low, and with well-managed industries, a cheap workforce, and high quality of life, the returns will be good as well.

The best part is that the taxation system is pretty transparent, meaning the corporate taxes are low, providing relief to the investors.

2.   Canada

Another place considered to be safe to invest in is Canada. The Canadian market has low-interest rates. It also has a modest value for the currency and various tax reductions that appeal to foreign investors all over the world. The housing market of the country faced trouble during the year 2020. However, with time, the country is getting back on their feet. With regions like Toronto and Vancouver excelling, the investment is a good option.

3.   Spain

Spain is another excellent location to invest in right now. However, it is worth noting that with the pandemic, tourism has slowed down, which may mean prices will fall in tourist spots such as Valencia, Barcelona, and the Canary Islands. This could be a good time to invest in this country especially for anyone looking for a long-term investment.

4.   Dubai

The next location is Dubai. This hub of creativity and business is said to experience a growth in the economy by 4% in 2021.  Since they are hosting Expo 2021, global visibility will be on the rise. However, it is likely to be more expensive to purchase property in Dubai. This is a good location for anyone who wants to venture out in the Middle East for investment-related decisions.

5.   Portugal

Portugal is a good spot for investment opportunities with a 10.3% value growth in the initial quarter of the year 2020. There is a high demand for properties in the urban area, which might give you a lot of competition. The Algarve region is well-liked by many because of the pleasant weather and the luxurious lifestyle and it is a great opportunity for a buy to holiday let.

Overseas Property Investment

Those were some of the best countries to choose for investment in 2021. Cyprus was on the top of my property investor list and there are some amazing opportunities currently available for investors including the Minthis Hills Development. Canada, Spain, Dubai, and Portugal follow closely behind. When searching for your oversea property investment, find somewhere that not only appeals to you but displays potential profitability. Remember, we can help you find your Cyprus Property Investment or we can point you in the right direction if you’re looking for a property investment in another country.

We are a responsible company and care about our clients and the country they wish to invest in. Not only will we help you find the best investment available from a reliable agent or developer, we will also make a donation to a Cypriot charity for each qualifying referral.