The nine best places to buy property in the world have been revealed by a Panama-based publishing company.
Live and Invest Overseas has revealed nine of the best places in which to buy property this year. Portugal and Columbia topped the list – taking two locations each – while the other five destinations included areas in Mexico, Cape Verde, Panama, the Dominican Republic and Brazil.
In the number one spot was the Portuguese Algarve, with the company citing restrictions on coastal construction as the reason why property in the area is likely to hold its value in the long term.
Second place also went to Portugal, this time to its capital city of Lisbon. “Compared with such West European cities as Paris, London, Dublin, Madrid and Rome, Lisbon offers generally better weather, better property prices and a lower cost of living,” reported Live and Invest Overseas.
The number three spot was the Colombian city of Cali, thanks to predictions of a property boom. “Cali is Medellin ten years ago,” said the report. “Property values are an absolute global bargain, and the rental demand is expanding – as is the city’s middle class.”
And it was the Colombian capital of Bogota that took fourth place, thanks to the fact that this thriving city is Colombia’s leading tourism destination. “International travel to Bogota is increasing while, at the same time, neighborhoods are being gentrified and the local middle class is expanding quickly,” continued Live and Invest Overseas.
Las Terrenas in the Dominican Republic, Playa del Carmen in Mexico, Cocle in Panama, Ceara in Brazil and the islands of Cape Verde took the remaining places due to growing tourism numbers and healthy resale markets.
