Currently, a significant
number of investors have been investing heavily in real estate. Investing in land and
buildings is a niche that many people have seen as a viable venture. The reason
is that the value of a property will always appreciate over time. Investors
make profits from properties when they sell them at a cost higher than that
which they bought them. The rate at which a property appreciates depends on
several factors such as the location of the property, the rate of
growth/development, government policies, and the rate of industrialization in
the given area. The article will cover some of the cheapest counties where you
can buy a property.
The Brazilian Island of Itamaraca
is a great place that you can purchase property at an affordable cost. The Island has serene sandy beaches that make them viable for investors and financiers willing to invest in land and buildings. The property is located close to the nearest airport, which is an hour’s drive away. The buildings are available from as low as $50,000. In addition, the condos get even cheaper the more you move inland from the shores of the island. The downside of these properties is that it will be a bit hectic to adapt to the environment if you are a frequent shopper because shopping centers are far away.
Although there are
expensive properties within major cities in Italy, there are cheaper condos
that exist in plenty outside the major cities. Considering property in the Island
of Sardinia, buildings are available for sale from as low as $25,000. Although
the properties require some renovation to generate more income, the return on
investment is worthwhile. Another region in Italy with cheaper buildings in
Abruzzo. Abruzzo is located to the eastern side of Rome and property here can
be purchased from $40,000.
Ecuador is a country
that has not been affected much by globalization and industrial development.
Despite being situated in a mountainous region, the country possesses towns and
beaches that are prospects for lucrative properties. Salinas, which is a
developing town in Ecuador, is a great place to purchase properties because of
the extensive vacation activities that take place there. A four-bedroom
apartment here costs approximately $115,000.
Most regions in Mexico have grown rapidly in recent years because of drastic industrialization. However, there are more places in Mexico where you can purchase a cheaper property. In Alamos town,
good homes sell from as low as $35,000. You can buy more houses in this region to increase the profits you reap from your investment. In addition, there are other cheaper properties that you can purchase for less than $40,000 in Xalapa town, Italy.
The economy of Malaysia has suffered blows in the past but is slowly recovering. Kuala Lumpur is a popular town in Malaysia, which is a great place that offers cheap properties. Many investors from Europe have been buying property in Kuala Lumpur because of the low price to income ratio. In Kuala Lumpur, property sells at an average of $2,972 per square meter. With the rate of growth that Kuala Lumpur is experiencing in terms of infrastructure and efficiency, this is a prospective place for you to invest in.
In summary, investing in condos for rental
is a lucrative venture that promises high profits in return. Most times, the value of a property appreciates meaning that you are less likely to incur substantial losses when you invest in land and buildings.