Buying a home is an exciting, menacing endeavor that most will experience sooner rather than later. Buying a second home is a whole other beast entirely. Not a time share or anything like that but a second home elsewhere.
If you’re lucky enough to have the assets in place to invest in a second property, then you’re in a good spot both personally and professionally. Little do most know, there are some serious perks to owning a second home aside from having a refuge in a far away land, so without further ado, here are the best places to buy homes abroad:
Thailand is a country ripe with beautiful scenery, beautiful culture, and beautiful people. Situated in Southern Asia, there are scores of beaches, rainforests, temples from antiquity, and so on, making Thailand one of the best countries to buy a second home.
Aside from the perks of having your own crib, since one of Thailand’s largest sources of income is tourism, buying a second home come lead to a very lucrative investment opportunity if you’re willing to rent the home out when you’re not using it.
Since the 2008 recession, Greece is unfortunately stuck in a bubble so to speak. Finding itself in debt, housing costs are down, which has had a significant impact on the economy, but the plus side is, Greece is utterly beautiful, loaded with ancient ruins, an amazing culture, and plenty of prose real estate to snatch up while the getting is good.
Plus with mainland Europe being merely a stones throw away, there are plenty of low cost connecting flights you can hop on while visiting Europe on vacation and settle down for a minute before returning to the realities of day to day life back home.
The next country on the list is nestled in Central America, which makes travel much easier as opposed to trans Atlantic or Pacific travel if you’re based in the United States. Panama has favorable relations with the west for decades, making this country prime investment material if you’re both interested in a vacation home and wish to capitalize and potentially turn it into an income property.
Given the vast diversity of Panama, you can find low priced condos, houses, apartments, or if you’re a bit go a green thumb, there’s plenty of agricultural land up for grabs given the current market.
It would be hard to stay away from Panamas amazing beaches, placed between both the Pacific and Atlantic oceans and being home to the Panama canal, it’s rife with trade and commerce, so there is plenty of opportunity to be had here.
The Best Countries For Owning A Home Abroad
As you can see, there are plenty of places to start a new home, both for leisure and to make a little extra cash on the side, just make sure your goals are both realistic and within your budget. As long as you’ll get good use of it, buying a second home away from home is an incredible opportunity.