Real estate is one of the most lucrative investment options that offer great benefits and a pathway to wealth and financial stability. But where should you invest in real estate? From the United States to Antigua in the Caribbean, Relocate Antigua explores the best places to invest in real estate 2021.
Criteria for selecting good real estate investment places
Before we list the best places, let’s take a look at what makes a great real estate investment area. Most successful investments depend on the real estate market and whether it will allow for growth. Real estate markets involve the interaction of developers, real estate agents, renters, and owners. All real estate markets fluctuate, but your best bet is to start your journey in a stable environment. Here are some of the factors that make up a good real estate investment:
One of the most important factors to consider when deciding on an area is the potential for population growth. Rent rates rise according to population growth rates and surrounding developments. You may find that there is more profit from buying and renting properties in populated areas with access to amenities in contrast to secluded properties. The positive evolution of the surroundings is something that will greatly influence the appreciation of your property.
Economic stability and growth
Economic growth has a great influence on real estate markets. Things like job growth and higher incomes can influence higher rents in areas making them prime locations sought after by dependable renters. Good quality residential investment properties are high in demand in the areas where job growth is constant and the economy is ever-growing. Commercial properties also tend to thrive when income rises because there is more need for stores and shopping centers.
Property taxes vary from area to area and can be either good or bad. Some jurisdictions may impose high property taxes in areas where the properties are not that appealing. The investment properties there may be cheaper but the taxes may be a bit much to handle. You should also find out if the taxes can arise in the future before you invest. A good area for real estate investing has stable and affordable taxes.
Criteria for selecting a good investment property
- Affordability– The property that you choose should be within your budget and should never negatively impact your savings goal. The actual cost of the property and other additional costs like renovations, property management, vacancy periods, and tax rates should not cut into your profits too much.
- Expected return- Before determining the expected return of the property, you should be clear of your intention for the investment. Do you plan to buy to lease or buy to sell? You should also have a clear understanding of the real estate market of the area. Things like the demographics and the property taxes should be taken into consideration. Owning a property for the long term will generate more profits rather than selling it after a few years. To gain money over time from capital gains, owning for 20 years or more is essential. Whether you plan to keep your property or flip it, ensure that you properly assess all aspects of the investment to ensure great returns and fewer risks.
A Great Place to Invest- Antigua
Picture a place: translucent turquoise waters, breathtaking panoramic views, an exotic atmosphere with a unique flair of freedom. Now picture calling this place home. In many ways, Antigua is the investor’s dream. Gorgeous properties and beneficial relocation policies make the island a treasured location. But what makes Antigua a good place to invest in real estate?
Antigua’s real estate market offers irresistible advantages to both experienced and first-time investors. Luxury homes tend to attract expats from all over the world, allowing for profitable and promising investment returns. The country also has an international airport making it conveniently accessible to all.
The real estate market in Antigua is boosted by the Citizenship by Investment Program which offers Antiguan citizenship in return for investing in one of three options:
- Approved real estate properties
- National Development Fund
- University of the West Indies
A minimum investment of $40,000 in real estate can afford you an Antiguan passport which grants visa-free travel to over 165 countries around the world. As a citizen, you can also apply for tax residency and be exempt from world-income and other taxes.
For more in-depth information about real estate investing in Antigua, check out our article on Antigua Real Estate Investment. You will learn about the investing process and the process of acquiring citizenship by investing.
Antigua also has a welcoming atmosphere for remote workers through its Nomad Digital Residency Program which residency for up to 2 years. You can find out more about this on our website or give us a call.
Best places to invest in real estate in Antigua
- Dickenson Bay
- Runaway Bay
- Galley Bay
- Hodges Bay
- English Harbor
- Jolly Harbor
- Non-Such Bay
- Half-moon Bay
Best places to Invest in Real Estate
Best cities to invest in real estate in the US
Albuquerque New Mexico
Albuquerque has a very solid and stable job market with a good growing population. There are lots of affordable housing options and the rent rate in this area is fairly high, making it a prime location for real estate investors to have profitable returns. It is Home to some of the most prestigious universities and has homes 14% more affordable than homes nationwide
Atlanta, Georgia has one of the most thriving job markets in the US. This country also has the fourth fastest-growing population in the US. The international airport is said to be the busiest in the world accommodating more than 300,000 passengers every day.
Chicago is one of the most highly populated cities in the US. It also has a very good job market with affordable home prices. Chicago is known mostly for its skyscrapers and prominent alternative investment markets. It is estimated that about half of the Chicago population are renters and the rent rate is higher than most cities, allowing for profitable residential real estate investments.
Some other prime cities for real estate investment in the US include:
- Cincinnati, Ohio
- Cleveland, Ohio
- Dallas, Texas
- Dayton, Ohio
- Detroit, Michigan
- Jacksonville, Florida
- Orlando, Florida
Best cities to invest in Real Estate
Described as one of the most lucrative destinations for real estate in the UK. Over the past 5 years, it has had some of the best capital appreciation returns and also has a booming job market that encourages population growth rates.
Liverpool has one of the highest rental yields in the UK and has an excellent income to house price ratio. The job market is also very stable and aims to provide an additional 17,000 jobs in 2021.
Newcastle is the 8th largest city in the UK and is the most affordable for real estate investing, making it have some of the best rental yields. Newcastle is also rated as one of the fastest-growing cities for new start-up businesses.
Some other great places to invest in the UK include:
Other great locations
- Cabo, Mexico
- Panama city
- Medellin, Colombia
- Florence, Italy
- Rome, Italy
- Venice, Italy
Investing in Real estate is a big decision. Before you start searching for the best places to buy real estate, you should be aware of the criteria of great investments as well as all the factors that will determine your long-term returns. If you have your eyes set on a property in Antigua, let us know and we will help you make it a reality. Considering your budget and your intention for investing, we will filter through the best places to invest in property.
Our agents are on standby to assist you with all of your Antigua real estate procedures including the CIP. We can provide you with quality property management services as well as other concierge services to help make you and your tenants as comfortable as possible. Give us a call today!