Money-Wise: Investing beyond borders? These 5 countries are best real estate investment destinations

With the expanding global opportunities, there has been an increasing interest in making investments in real estate abroad.

The interest in real estate investments is driven by various reasons, like seeking good returns on invested money, securing residence in foreign countries, leveraging tax benefits or pursuing resident permits or citizenship.

Also Read:Money-Wise: With 'indexation' gone in real estate, is property still best investment for Indians?

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But with two ongoing wars - the Israel-Hamas war and Russia-Ukraine war - which have been rattling the international market, should one really invest in real estate abroad and if yes, then which countries would be the safest to do so?

Five countries which are real estate investment destinations

When investing in real estate beyond borders, location is critical for profitability and risk reduction.

Our expert - Gunjan Goel, Director, Goel Ganga Developments - lists out five countries which are the best locations to make real estate investments in today's time.

Among the Middle Eastern countries, the United Arab Emirates (UAE) is a promising place for investment, especially in Dubai and Abu Dhabi. These cities have high rental returns, a stable and fast-growing economy and attractive investment laws, including tax exemptions on income and residency permits for foreigners who invest in the country.

The United States has a lot of potential in terms of real estate investments. Huge renters’ demand, property value growth, and diversified markets are found in hubs such as New York, Los Angeles, and Austin in the US.

Large cities such as Toronto and Vancouver in Canada are perfect investment destinations since they have active markets and sound legal requirements. Nonetheless, this may apply to small towns, which have little economic critique to offer and would, therefore, have a lower stub.

Australia is a safe bet for real estate investment in the cities of Sydney, Melbourne and Brisbane, which have demonstrated steady growth, demand and infrastructure. However, areas that are dependent on a single sector, for instance, mining towns in Australia, may be at higher risk given fluctuations on the economic front.

Watch:China's GDP growth forecast plummets amid real estate crisis

The property market in Belarus is growing steadily on the back of a stable economy, lower unemployment rates, attractive lending rates, and government-backed incentives. Interestingly, the homebuying process is quite simplified for foreigners in Belarus. However, land can’t be owned by foreign nationals. It can only be leased for 99 years.

Kenya, which is also the regional economic hub of East Africa, is an attractive market for foreign investors. Foreigners can own property in Kenya via the extended lease period of 99 years.