Kathleen Peddicord, the founder and publisher of "Live and Invest Overseas," has listed her top five overseas markets that offer interesting lifestyle advantages and at the same time are good for investment.
For over 28 years now, Kathleen Peddicord has been researching, writing, speaking, and presenting on topics regarding living, retiring, and investing overseas. Based from her personal experiences -- that is, traveling in more than 50 countries and investing in various real estates -- she wrote her newest book, "How To Buy Real Estate Overseas."
According to her blog post on the Huffington Post, here are the top five lists of overseas property markets for 2016:
1. Medellín, Colombia
On the top list is Medellin, Colombia which Peddicord considered to be one of her favorite cities in the world. Half a decade ago, she and her husband Lief Simon purchased and refurbished an apartment in Medellín's El Poblado neighborhood. The strong greenback causes Colombian peso to be bought more often than it has for the past seven years.
"Everything in Colombia is dramatically discounted for the buyer with U.S. dollars in his wallet," Peddicord explained.
2. Algarve, Portugal
Next to the list is the sunny coastal of Portugal's Algarve region. Aside from the fact that people there speak English, the place is also fascinating, attractive, and historic. Buyers will definitely have a good deal here, thanks to a depressed property market and low euro. This is best for the retirees aiming an Old World, Continental lifestyle.
Being one of Europe's popular tourist attractions, this place is something investors should pay attention to, especially since just like in Medellin, prices have low values and rental returns are good.
3. Argentina
The recently-elected "pragmatist" Mauricio Macri will probably have a major role in turning the country into a much better place, not to mention the renowned Buenos Aires where shoppers will surely enjoy.
4. Ambergris Caye, Belize
Planning to go to the Caribbean? Check out Peddicord's top choice in that area - Ambergris Caye. The place has white sand around the perimeter and is a comfortable place to stay. The big and growing community contains the world's second largest barrier reef. The people here also speak English.
5. Panama
Last but definitely not the least is the Panama. Panama's property markets softened in 2008 but didn't fall down. The Panama Canal and the country's "diversified buying pools" are the place's two edges.
Panama is drawing investors from different parts of the world including the United States, Canada, Central and South America, Europe, China, and more.
Furthermore, the Panama Canal is the county's cash-generating attraction. It gives the national treasury over $500million annually. This figure will rise to not less than $1billion every year, after the Panama Canal Expansion.