The overseas real estate market is booming, and now is the best time to invest in property. Overseas real estate stands out among investment options because it is a hard asset that offers diversification in both asset class and potentially currency. If you’re looking for an opportunity to generate cash flow while building real, long-term wealth, this could be it. So, which countries have properties worth investing in? We have compiled a list of the top 10 countries to buy property in 2022 for your reference.
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Top 10 Countries to Buy Property in 2022 No. 10 – Chile
With its stunning natural landscapes and thousands of miles of coastline, Chile is an excellent choice for both pure investment and retirement living. From a policy perspective, the Chilean government has not set excessive barriers for overseas property investors. Regardless of where you currently live, you can purchase property in any region of Chile except for its border areas. It is also worth mentioning that you may even pay less in taxes while enjoying the same benefits as local residents. However, if you choose to work with a local real estate agent, you might need to speak Spanish, as English-speaking agents are only available in a few areas of Chile.
Top 10 Countries to Buy Property in 2022 No. 9 – Dominican Republic
The Dominican Republic is renowned for its beautiful seascapes and northern coastal areas, making it one of the most scenic countries in the Caribbean. Here, you can enjoy activities like surfing to your heart’s content. As for its real estate market, it has attracted many investors due to reasonable prices. If you’re looking to buy a vacation home by the sea or make other investments, this is a great choice. However, before purchasing property for investment, you need to be cautious: since many real estate agents in the country may not have government licenses or be regulated, it is necessary to hire a real estate lawyer to protect your assets before buying.
Top 10 Countries to Buy Property in 2022 No. 8 – Italy
Italy’s unique cuisine, beautiful scenery, warm locals, and fascinating culture and history are all important factors in maintaining a stable real estate market. Compared to the singular types of landscapes mentioned above, you can find a wide variety of properties set in different natural surroundings in Italy. Whether it’s a mountain cabin, a beach house, a rural estate, or a townhouse, they are all readily available throughout Italy, offering a wide range of choices. Although there are some restrictions on buying property in Italy, its purchasing policies are quite lenient compared to some countries with stricter requirements.
Top 10 Countries to Buy Property in 2022 No. 7 – Turkey
Turkey boasts a long history and rich cultural landscape, and its pleasant climate has attracted many foreign property buyers. Coupled with the recent steady depreciation of the official Turkish currency, the lira, the price advantage of Turkish property has become increasingly prominent. In the capital, Istanbul, the cost of a two-bedroom apartment is only $130,000. At the same time, the property purchase tax or the rate for all taxes in Turkey is also at a relatively low level, between 0.1% and 0.4%. However, it’s important to note that when you buy property in a country, you also need to closely monitor the future exchange rate trends of its currency, and the trend of the lira is still worth observing.
Top 10 Countries to Buy Property in 2022 No. 6 – Bulgaria
Bulgaria is a popular choice for overseas property buyers because it not only has a winding coastline but is also a European ski destination. Its vibrant cities and beautiful countryside attract buyers from all over the world. You can easily obtain Bulgarian residency by simply purchasing a property, confirming your financial status, and going through a simple registration process. Recently, the government has also relaxed its policies to allow overseas buyers to purchase commercial and agricultural land. In terms of taxation, Bulgaria is one of the countries with the lowest property taxes in Europe, requiring only 0.15% of the property’s value to be paid as annual property tax.
Top 10 Countries to Buy Property in 2022 No. 5 – Mexico
Mexico is a beautiful and diverse country, with stunning beaches and lush mountains that are undoubtedly major attractions for overseas property buyers. Many people consider retiring in a beach villa in Mexico, but before that, you need to consider two important things: a title insurance policy and a bank trust (fideicomiso). These two documents will ensure that you enjoy all the benefits your property can provide.
Top 10 Countries to Buy Property in 2022 No. 4 – Panama
Panama is both an idyllic island and a cosmopolitan cityscape. In Panama, you can buy high-quality properties with first-class facilities at lower prices than in other countries. However, it’s important to note that if the property is part of a shared plot, you will need to pay service fees and maintenance costs, whereas high-end facilities are usually exclusive. At the same time, buying property in Panama grants you the same property rights as Panamanian residents, which is one of the reasons many retirees choose to invest and live here. Anyone who purchases a property worth more than $300,000 in Panama can immediately become a resident and apply for citizenship after five years.
Top 10 Countries to Buy Property in 2022 No. 3 – Malaysia
When it comes to buying overseas property, unlike Vietnam and Thailand, Malaysia is one of the friendliest countries in Southeast Asia, as anyone can buy any type of property here. It is increasingly attracting a large number of young and retired buyers because Malaysia offers a variety of urban housing options. You can choose to buy your own land or a typical condominium in Kuala Lumpur according to your needs, or opt for a countryside home. However, the requirement for buying property in Malaysia is that the purchase price must be at least $230,000.
Top 10 Countries to Buy Property in 2022 No. 2 – Singapore
Compared to Malaysia, Singapore is a more mature economy and always has more advantages in attracting overseas property buyers. Its robust infrastructure, livable environment, favorable investment conditions, and pro-business environment have made Singapore a favorite among foreign buyers. At the same time, the overall performance of Singapore’s real estate industry is relatively stable with minimal property bubble elements, an advantage that other countries may not have. More importantly, buying property in Singapore is highly cost-effective. Not only can you acquire a 99-year, 999-year, or even freehold lease, but you can also enjoy Singapore’s excellent educational facilities and comfortable living conditions, which is truly enviable. Overall, its stable political, economic, educational, and retirement environments are the reasons why Singapore is a top country for buying property abroad.
Top 10 Countries to Buy Property in 2022 No. 1 – Portugal
Portugal’s popularity in the international property market has always been relatively stable, thanks to the safety of its cities, high quality of life, and the Golden Visa program. At the same time, although almost the entire world has been negatively affected by the COVID-19 pandemic, the Portuguese economy has gradually stabilized and rebounded from this predicament, which means that in 2022, Portugal’s potential as an overseas investment destination is limitless. In terms of its natural environment, Portugal has a pleasant climate, golden coastlines, lush landscapes, and ancient buildings with a long history. Moreover, its cities are highly functional and very suitable for living.
The above is the ranking of the top 10 countries to buy property in 2022, compiled for you by Anjia Property Organisation. We hope it provides a useful reference. However, if you have any investment needs, please consider them carefully and contact a professional real estate agent for expert advice.
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