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The last decade has witnessed a tremendous increase in buying, interest and hype to buy an investment property abroad. From the late 1990s to the present, there have been significant increases in real estate values and decreases in ticket costs for airline destinations. Because of this, average families now experience excess equity in their current homes and are given financial opportunities to own investment property abroad. As most of us know, real estate is a sound investment that increases in value over time.
Location is perhaps one of the most important considerations one might think of when buying an investment property abroad. Europe and the Americas are considered top real estate destinations, but why settle for these areas if you can own property in an area that is on par with these places and could offer you more business opportunities? Guam is an island territory of the United States that is currently experiencing exceptional economic and real estate growth and development, fueled by its strong tourism industry and military expansion.
Just seven hours from Hawaii and just four hours from Japan and other Asian countries, Guam is considered the place where America’s day begins. That said, it enjoys all the American benefits, but also offers a diverse international appeal, as seen in the prevalence of Asian and local Chamorra cultures. Although the mainland US is currently experiencing declines in the economy and mortgage prices, Guam is experiencing a strong real estate industry which is attributed to military relocation and construction which is expected to generate around $15 billion in spending. As such, many real estate investors are keeping an eye on Guam’s expected growth and hoping to profit from owning an investment property abroad.
Guam’s geographic location is what makes it the ideal residential location for families abroad and the commercial thoroughfare for American and Asian investors. The territory is very accessible with modern routes directly connected to the main highways, stations, ferry ports and the international airport. Since its technology, telecommunications, and industry in general adhere to US standards, the business climate in the area is very competitive and can meet a wide range of expectations from various industries. So regardless of whether you are looking for a vacation home or one that you could use to make a profit through renting, you could easily find a home for sale in Guam that suits your intended purpose and you can enjoy the benefits mentioned above. .
Rental properties in Guam are also considered hot commodities these days. The appreciation for owning rental homes in Guam stems from the increasing number of tourists visiting the island to enjoy the sand, sea and culture of this American territory. The rental yield on the island is up to 14%, where a 220-meter rental home could earn up to $3,000 per month and $700 per month for a 80-meter property. The rental income tax is very low and the tenancy laws are very lenient with landlords; therefore, you could easily make a profit from Guam if you own a rental home in this location.
All in all, the Guam real estate market will rise sharply in the coming years as more and more investors take notice of its commercial potentials. With this in mind, this is the right opportunity to own property in Guam. If you decide to buy a home for sale in Guam, there are many real estate agents who are willing to help you find the right investment on the island. With the island’s accessibility, great culture, business opportunities, and unprecedented growth, owning a property in Guam is a worthwhile investment that you can definitely enjoy in the long run.