Ideal Locations for making Your First Investment
Are you considering making your first investment?
Pandemic or not, everyone should continuously find ways to grow their cash flow. One of the best ways to make your money work is through investments.
If it is your first time investing, it is essential to select the ideal locations that provide high investment returns. Expert firms with significant expertise in real estate investments can identify these types of investments and evaluate each location.
Places that combine location, business operations, opportunities, and quality of life are considered ideal for a first-time investment.
Ideal Real Estate Investment Destinations
- Limassol, Cyprus
Limassol is an ideal destination for business and pleasure. Limassol has the biggest port in Cyprus, which makes it one of the leading destinations for tourists. With the recent development of Marina and the old port, Limassol makes itself the forefront of Cyprus’ economic growth.With its completed construction, such as the Oval, the One, the Parklane Luxury Collection, and Spa, and the most prominent casino resort in Europe, Limassol is considered an ideal investment destination.In Limassol, the actual state for rent is in high demand due to its increasing population, business activities, and infrastructure development. In the past years, there has been a growing number of investors in Limassol.
- London, UK
London is an excellent place to invest despite its recent economic downturn. It remains to be one of the financial centers vis-a-vis New York. In fact, it is the perfect time to buy real estate properties in London because it is now more affordable than in previous years.According to Compare the Market, several areas around London’s center offer real estate properties at reasonable prices. These areas have all the potentials to generate a great return on investments in the future. Among the areas expected to experience an economic boom are Canary Wharf, Earls Court, Old Oak Park, and Croydon. It is noteworthy to mention that London’s real estate rental market was not affected by the pandemic effects, and it stills provides a high return on investment to property owners.
- New York, US
Known as the “Big Apple” and the “city that never sleeps,” New York remains to be a land of opportunities, not just for job seekers but most importantly for investors. The Wealth Report named New York, particularly Manhattan, as the number one county in terms of wealth, investment, and lifestyle.Facebook, Amazon, and Google have also chosen New York City for their expansion. Thus, it is now called the East Coast Silicone Valley. With all of these happening in New York, your real estate property investment holds a great future.In fact, 75% of New York residents are renters. For that reason, investors usually invest their money in condominium apartments and studio size spaces since they are in high tenant demand. Even though, according to the Castle Avenue Team, real estate buying prices went down from 7% to 10% as a backlash of COVID-19, the rental market still shows an upward demand.
- Las Vegas, U.S.
The economy in Las Vegas is steadily recovering and has reached new heights this year. As a matter of fact, Las Vegas has recorded the lowest unemployment rate, 3.5%, with lots of new job opportunities coming in. The Las Vegas economy’s primary income source is tourism and gaming, making it the world’s Top Tourist destination.In recent years, Las Vegas commercial real estate market had experienced an economic slump. Due to this, investors can find distressed properties at a fraction of their original price. These properties are being assigned for disposition, such as office buildings and other retail spaces.Apart from this, most Las Vegas residential estates are for foreclosure. Investment financial, real estate analysts are looking at Las Vegas today and thinking of the future.
- Boise Idaho, U.S.
Investors are looking toward Boise, Idaho, recently because of its promising future. The U.S. Census Bureau identified Idaho with a net migration average of 19,000 people per year.Boise has a balance between urban and rural with a high livability rate. It has a stable economy with only a 2.9% unemployment rate. The Business Insider identified Boise as the third favorable location to find an available job.The best areas to invest in Boise are East Boise, North End, Downtown, Central Bench, West Boise, Meridian, Nampa, and Caldwell. According to weknowboise.com, the Boise Metro Area is setting a new record because of high buyer demand compared with low supply.
- Dubai, UAE
Dubai is considered as the city with a high return on investment opportunities. The country’s most prestigious real estate developers have a steady flow of projects that offer investors attractive prices and payment plans.Because of Dubai’s continued growth and development, there is a continuous flow of job opportunities. Dubai attracts tourists from different parts of the world. Among the best areas identified as the best places to invest are Barsha Heights, Dubai Sports City, Dubai Marina, Jumeirah Village Circle, and Business Bay & Downtown Dubai.Another lucrative investment in Dubai is its financial market, such as bonds, mutual funds, stocks, exchange-traded funds, and gold.
- Mexico’s Riviera Maya
Riviera Maya is the second most visited place in Mexico. Riviera Maya is a coastal region with plenty of beaches, archeological sites, and ecological reserves. Retirees choose Riviera Maya for its tranquil lifestyle.The influx of tourists in this place makes it more attractive and ideal for investment. Unlike the United States, Mexico’s real estate properties are more affordable but with a high capital gain.Riviera Maya is an ideal destination for investing in because of its prime location, increasing infrastructure, and growing tourism.
- Lisbon, Portugal
Lisbon is another tourist hotspot that has been attracting investors from around the world. Lisbon has been awarded the World Travel Award for the best destination in 2017 and 2018. Its thriving economy is one of the reasons why Lisbon is an ideal location for investment.Portugal’s government offers foreign investors many incentives such as the Golden Visa benefit, Non-Habitual Residency Program, Start-Up Visa Program, and other tax incentives. The growth of Airbnb in Lisbon makes it more profitable to invest in real estate.