The past decade witnessed a tremendous increase in the purchase, interest and hype of buying an investment property overseas. From the later 90's until today there is a boost in the value of real estate, while the costs for airline destinations have dramatically declined. Due to these, average families are now experiencing excess equities from their current homes and are granted financial opportunities to have investment properties abroad. As most of us are aware of real estate is one solid investment that increases in value overtime.
Location is perhaps one of the most important considerations that one could think of when purchasing an investment property overseas. Europe and the Americas are regarded as the major real estate destinations, but why settle for these areas if you could own a property in an area that is equally at par with these locations and could offer you more business opportunities? Guam is an island territory of the United States that is currently experiencing unprecedented economic and real estate growth fueled by its tourism and military expansion.
Situated seven hours away from Hawaii and just four hours shy from Japan and other Asian destinations, Guam is regarded as the place where America's day begins. With that said, Guam enjoys a US dollar economy but is also a hub for diverse international flavor evident from its mixture of rich Asian and local Chamorro cultures. Though the US mainland is currently experiencing declines in economy and mortgage pricing, Guam is encountering strong real estate industry credited to the military relocation and construction that is expected to bring about $15 billion of expenditures. As such, many real estate investors are eyeing for Guam's expected growth and are looking forward to earn profits by owning an investment property overseas.
The geographic location of Guam is what makes it an ideal destination for families as well as American and Asian businesses. The territory is highly accessible with modern routes directly linked to main roads, stations, ferry ports and international airport. As its transportation, technology and telecommunication standards are entirely US-based, the business climate in this place is truly competitive and could fulfill the expectations of differing industries. Hence, if you are to purchase a Guam home for sale, you will not only enjoy the pristine appeal of the location but also be able to take advantage of the business opportunities it offers.
Rental properties in Guam are also gaining momentum in the real estate market. The appreciation for owning rental homes in Guam is fueled by the island's increased number of tourists, who wish to enjoy the area's beautiful beaches and culture. Notably, the rental yield in the area is up to 14%, with 220 meter residential homes earning up to $3,000 a month and up to $700 a month for 80 meter properties. Tenancy laws in the island are amicable for landlords with very low rental income tax to pay; hence, having a rental home in Guam is a very profitable business.
All in all, the real estate market in Guam will profoundly increase for the years to follow as more and more investors are taking notice of its business potentials. By taking this into consideration, it isn't hard to realize that these are the best times to own properties in Guam. If you are thinking of purchasing a Guam home for sale, it is now easier to finance your desired overseas property because many estate agents are now willing to help you with your investment. With the accessibility of the place, the island's mixed culture, business potentials and expected income growth, you'll definitely own a solid investment that would provide you endless benefits for the long term.
If you're looking for the perfect location to buy your investment property overseas, you may want to try looking at Guam. At the moment, this US territory is regarded as one of the hottest real estate destinations due to its booming tourism industry and expected military expansion. Rental properties as well as Guam home for sale are now being sold fast among interested investors because of the financial potentials they posit.
-Alison Ward
No comments:
Post a Comment