The past decade witnessed a tremendous increase in the purchase, interest and hype of buying an investment property overseas. From the late 90's to the early part of the 21st century, we have seen surges in the value of real estate along with the decline in the cost of airline destinations. Due to these, average families are now experiencing excess equities from their current homes and are granted financial opportunities to have investment properties abroad. As most of us are aware of real estate is one solid investment that increases in value overtime.
Of course, location is probably the most important factor when one considers purchasing an investment property overseas. Europe and the Americas have been the primary destinations for families who would like to own properties abroad, but why bother living in crowded places when you could actually be a pioneer homeowner in a place that is considered as the hottest real estate destination of today? Guam is a little known territory of the United States is currently in the process of growth and development, propelled by its tourism and military expansion.
Situated seven hours away from Hawaii and just four hours shy from Japan and other Asian destinations, Guam is regarded as the place where America's day begins. That being said, it enjoys all-American benefits but also offer a diverse international appeal as seen from the prevalence of Asian and local Chamorro cultures. Though the US mainland is currently experiencing declines in economy and mortgage pricing, Guam is encountering strong real estate industry credited to the military relocation and construction that is expected to bring about $15 billion of expenditures. Hence, many real estate investors are closely looking after the said relocation and are moving forward to expand their reach by offering investment property overseas.
The strategic location of Guam is what makes it the perfect overseas home destination for families and business hub for Asian and American investors. The place is highly accessible considering that it is surrounded by many routes of swift access towards main roads, stations, ferry ports and international airport. Considering that its telecommunication, transportation, technology and entire economic facets are based from US standards, the business climate in this area is highly competitive and could fulfill differing industrial expectations. Hence, if you are to purchase a Guam home for sale, you will not only enjoy the pristine appeal of the location but also be able to take advantage of the business opportunities it offers.
Rental properties in Guam are also gaining momentum in the real estate market. The rise on the sales of Guam rental homes could be credited to the increased volume of tourists visiting the island to enjoy its panoramic beaches and culture. In addition, rental yield is up to 14%; a 220 meter residential home could earn a monthly rent of $3,000, while an 80 meter property could earn $700 per month. Rental income tax is very low and tenancy laws are very lenient for landlords; hence, you could easily earn profits from Guam if you own a rental home in this location.
All in all, the real estate market in Guam will profoundly increase for the years to follow as more and more investors are taking notice of its business potentials. By all means, this is the right time to cash your money in for an investment in Guam. If you decide to purchase a Guam home for sale, there are many estate agents who are willing to help you find the right investment in the island. Based from the island's accessibility, rich culture, business opportunities and uncapped economic growth, purchasing a home in Guam is one sure investment that you would never regret.
When buying an investment property overseas location is a primary factor to consider. Guam is currently in the period of strong growth and development in the field of real estate, making it an ideal location for investments properties. In fact, Guam home for sale as well as rental properties have now turned into a big industry, as they are expected to earn huge amount of profits once the military expansion is carried out.
-Alison Ward
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