I did three trips to Colombia in the past 2 years, staying up to two months at a time and exploring the country. Wonderful choice. But Bogota is to cold for me, lol. Great video.
One thing is to buy cheap but the other important thing is how much will the country where you buy will tax you in capital gains, etc.. Many countries will tax you more if you are NOT a citizen. Buyer beware. Know what it will cost you to cash out. That is something that must be researched before buying.
I would generally agree with that statement however it would be a mistake to apply investment strategy’s of ten years ago to the market of tomorrow because it seems were in uncharted territory from a monetary policy perspective. The amount of money flooding markets via low rates has only increased the value of real estate and as this plays out over time, were just as likely to see growth stifled as economic opportunity in the form of asset accumulation decreases due to inflation over the next ten to twenty years.
Good deals can be found just about anywhere if you are careful. Bank owned REO is a good way to go if you know the area and can negotiate with the Bank. My Thai BIL bought a house in south central Thailand near the resort town of Hua Hin for 900000 Thai Baht or $27000 US. Foreigners are not legally allowed to own the property/land in Thailand although the land can be leased.
Teşekkür ederim. I wouldn't mind having a place to live in all those countries. I am not so far from Istanbul now, will have a look there:) Great video!
Of course he knows Turkey isn't in the EU. But Istanbul is literally within Europe. Plus, by many definitions Turkey is counted as a European country, though that has become a mostly useless political term. An island that is situated similarly to Turkey, Cyprus is counted as European (not to mention being inside the EU).
for me as a filipino from the philippines the value of $1000 per sqm to philippine peso is equivalent to P50,000 per sqm. so buying a property from those countries that you mentioned is super expensive already. you can buy $100 to $200 per sqm here in the philippines.
Dear Andrew & team, Thank you for your great videos. I am currently doing my research on real estate investment in the Baltic countries Estonia, Latvia (Riga) and Lithuania (Vilnius, Kaunas) and also additionally into Slovenia (Ljubljana). Population is rather small, but aside from that, the markets seems interesting to me. Any thoughts on those places from your end? Would be highly appreciated. Best, Andreas
You know what would be cool? A building where you could actual buy per sq meter - 1 meter at a time. They block off all other sq meters and unseal the next sq meter whenever you buy one. Poor people can buy 2 sq meters to start (bed + shower stall/toilet) and save 6 months to a year for the next 1 sq meter. The more you buy, the bigger your home becomes. You gradually grow into your home - debt-free. I like this idea a lot, truly modular housing.
Howdy Andrew. Thank you for the heads up on real estate investing. Will dirt cheap and great value real estate be more common with the currently developing global economic situation or reset?
You will see some deals. You'll also see more long-term minded people who don't need to sell at a discount, and won't. They know markets won't be depressed for their entire life.
I had hoped that govts had recognised the pandamic and taken action in time and magnitude... Which we as society have failed... But since this will bring catastrophy to financial system... I'll buy cheap property when things reaches bottom.. i sincerely hoped it shouldn't have happened this way...
In regards to "gringo real estate agents", is there not a chance that they will still take you for a ride after they see your ethnicity and realize you are not local even if you speak fluently?
Hello ladies/gents: do you have your own 3 cities to give as example ? given you have experience in your own country, which would you say are your top three in your country ?
Istanbul does sound appealing given the price of some properties there, as well as it's great geographical location and the large population of the city. However, doing business in Turkey and with Turks is never an easy thing, they are always out to take advantage of you, especially if you are Western European. Plus the political situation in Turkey is always going to be unpredictable. Half the Turkish people are split with their political views and the main political parties in Turkey are always at each others throats. They have had a problem with the Kurds for decades and now they are in a huge mess in Syria. Turkey's position in that part of the Middle East makes it not such a stable country. I'd even say that Egypt and the Gulf countries are much better and much more stable places within which to do business/invest in the Middle East.
Disagree, Turkey is one of the more stable places compared to its neighbourhood, and its leadership is not perfect but has managed to keep the country running more smoothly than it's been run for a long long time (remember all the coups before?).
It's so unfortunate, that 70% of earth's surface is water and only 30% is land. If 70% is land then there will be a lot more real estate investing opportunities.
He mentioned it around the 1 minute mark. This isn't a list, it's just three countries that people might not typically think of before a country like Armenia.
Just bought my 3rd apartment in Bogota! Love this channel!
Congrats man! What about ASEAN? Have you considered there as part of your portfolio yet?
Hey David...when you say you "bought" an apartment, do you mean Condominium? Thanks. John
@@amir5593 yeah, cambodia and phillipines. i went there last year and loved it. hopefully it is in the cards for the future. how about you?
@@passivesolar6194 Hey John, to be exact, one 3br and 2 studio apts. how about you my friend.
Just trying to figure out the lingo. In America, you rent an apartment and purchase a condo. Im just trying to figure out what you're purchasing?
Thanks for all the great content each week!
Roger Ver, CEO of Bitcoin.com Bitcoin Jesus! BCH is the true bitcoin!
Mexico City, Bogota are ok only if you really know the market and tied to local politicians/business men
@@hubertcumberdale2651 Wow! And what did you end up paying?
I love Colombia for so many reasons. I'm looking for something to invest in here. But, yes, in Medellin 😁🙏
@brian' where did u hear that
??????
Andrew maybe I missed a video or two of yours but I do not recall you talking about agricultural land. Keep the videos coming. 👍
He concentrates on city centers. Major cities.
Watch these:
ruclips.net/video/Rbc9MWke4yc/видео.html
ruclips.net/video/fhLb4TF6i3c/видео.html
I did three trips to Colombia in the past 2 years, staying up to two months at a time and exploring the country. Wonderful choice. But Bogota is to cold for me, lol. Great video.
Come to Bucaramanga, great real state market and a great weather.
COLOMBIA IS AMAZING!!!! I'm moving to Coffee Axis. Bogota it's super busy.
One thing is to buy cheap but the other important thing is how much will the country where you buy will tax you in capital gains, etc.. Many countries will tax you more if you are NOT a citizen. Buyer beware. Know what it will cost you to cash out. That is something that must be researched before buying.
You will get great deals everywhere soon!
Yeah, if there's a global recession (which appears to be increasingly likely).
I would generally agree with that statement however it would be a mistake to apply investment strategy’s of ten years ago to the market of tomorrow because it seems were in uncharted territory from a monetary policy perspective. The amount of money flooding markets via low rates has only increased the value of real estate and as this plays out over time, were just as likely to see growth stifled as economic opportunity in the form of asset accumulation decreases due to inflation over the next ten to twenty years.
Good deals can be found just about anywhere if you are careful. Bank owned REO is a good way to go if you know the area and can negotiate with the Bank. My Thai BIL bought a house in south central Thailand near the resort town of Hua Hin for 900000 Thai Baht or $27000 US. Foreigners are not legally allowed to own the property/land in Thailand although the land can be leased.
Teşekkür ederim. I wouldn't mind having a place to live in all those countries. I am not so far from Istanbul now, will have a look there:) Great video!
Just a small clarification: Turkey is not "Europe", meaning it is not part of the union.
Colombia, for me n.1 of the three options discussed here.
Of course he knows Turkey isn't in the EU. But Istanbul is literally within Europe. Plus, by many definitions Turkey is counted as a European country, though that has become a mostly useless political term. An island that is situated similarly to Turkey, Cyprus is counted as European (not to mention being inside the EU).
@@kagi95 Of course he knows. I have been living and working in Turkey west and east side, so personally I don't consider Turkey a good option.
@@maxf5868 Why?
@@kagi95 honestly, too much people trying to take advantage of you
@@maxf5868 Understandable. But I think that's a very Mediterranean thing, Italy and Greece is also about being "street smart and local"
I LOVE 💕💕💕 these 3 Markets. Tbilisi is very good too.
for me as a filipino from the philippines the value of $1000 per sqm to philippine peso is equivalent to P50,000 per sqm. so buying a property from those countries that you mentioned is super expensive already. you can buy $100 to $200 per sqm here in the philippines.
He is talking about city center. That would be a Makati and bcg. Where are you finding 100usd per square foot?
Dear Andrew & team,
Thank you for your great videos. I am currently doing my research on real estate investment in the Baltic countries Estonia, Latvia (Riga) and Lithuania (Vilnius, Kaunas) and also additionally into Slovenia (Ljubljana). Population is rather small, but aside from that, the markets seems interesting to me. Any thoughts on those places from your end? Would be highly appreciated.
Best, Andreas
They all have declining populations. I think Hungary, Georgia are the big growing populations in Europe.
You should do a show that covers your old radio shows Andrew (Nomad Team.) You have been doing "casting" for a long time.
Been in real estate and new construction for 20 years. How can I get into selling in countries like this?
Istanbul Turkey, mexico city,
Bogotta
You know what would be cool? A building where you could actual buy per sq meter - 1 meter at a time. They block off all other sq meters and unseal the next sq meter whenever you buy one. Poor people can buy 2 sq meters to start (bed + shower stall/toilet) and save 6 months to a year for the next 1 sq meter. The more you buy, the bigger your home becomes. You gradually grow into your home - debt-free. I like this idea a lot, truly modular housing.
I would love to live in Istanbul.....always wanted to visit there. uhmmmmwhat a dream !!
I'd do Istanbul. It's close to Europe. Good connections to Asia or Africa too. As for the other two, no thanks.
Andrew, what do you think about the Asian side of Istanbul, specifically Kadikoy? Do you think this would be a good investment for Nomad Capitalists?
Howdy Andrew. Thank you for the heads up on real estate investing. Will dirt cheap and great value real estate be more common with the currently developing global economic situation or reset?
You will see some deals. You'll also see more long-term minded people who don't need to sell at a discount, and won't. They know markets won't be depressed for their entire life.
I don't liky buy property, can you make guide about best reit company quoted in stock market to buy?
How about Jakarta ?
I had hoped that govts had recognised the pandamic and taken action in time and magnitude... Which we as society have failed... But since this will bring catastrophy to financial system... I'll buy cheap property when things reaches bottom.. i sincerely hoped it shouldn't have happened this way...
Some interesting places to put on my radar indeed!
"A square metre"
Can foreign people buy and own in Mexico?
If Tom Brady signs with the Browns, Cleveland, OH real estate will be red hot.
In regards to "gringo real estate agents", is there not a chance that they will still take you for a ride after they see your ethnicity and realize you are not local even if you speak fluently?
Why my country India real estate is so expensive despite it we don't have world class infrastructure.
Urban and suburban area is expensive then many developed country like Malaysia. Yes India and huge population but we have huge land also.
Hello ladies/gents: do you have your own 3 cities to give as example ? given you have experience in your own country, which would you say are your top three in your country ?
Istanbul does sound appealing given the price of some properties there, as well as it's great geographical location and the large population of the city. However, doing business in Turkey and with Turks is never an easy thing, they are always out to take advantage of you, especially if you are Western European.
Plus the political situation in Turkey is always going to be unpredictable. Half the Turkish people are split with their political views and the main political parties in Turkey are always at each others throats. They have had a problem with the Kurds for decades and now they are in a huge mess in Syria. Turkey's position in that part of the Middle East makes it not such a stable country. I'd even say that Egypt and the Gulf countries are much better and much more stable places within which to do business/invest in the Middle East.
Could not agree more. Leadership is crazy.
Disagree, Turkey is one of the more stable places compared to its neighbourhood, and its leadership is not perfect but has managed to keep the country running more smoothly than it's been run for a long long time (remember all the coups before?).
I wouldn’t buy in Turkey given the political situation!
It's so unfortunate, that 70% of earth's surface is water and only 30% is land. If 70% is land then there will be a lot more real estate investing opportunities.
A great business could be draining the oceans and seas. The Dutch economy really took off when they drained the marshes.
You think making something less scare will be good for people who own it? Would gold be valuable if it wasn't a scarce resource?
Nice Thumbnail 👌😍😝😝
I would base any investment in Turkey on the fact that Erdogan wont be around for ever
How big the odds Turkey can be an EU member
Close to zero in the next 20 years. Coming from a Turk.
Hopefully none. EU is a mess and in decline. Turkey is a mess but will improve in 20 years without a doubt.
How come Armenia is not on this list ?
He mentioned it around the 1 minute mark. This isn't a list, it's just three countries that people might not typically think of before a country like Armenia.
What does Armenia have to offer?
Because Armenia is poor and there are no opportunities there whatsoever.
Alp Eren Coming from the Turk. Haha! Armenia, unlike Turkey, doesn’t have a history of genocide and property reclamation.
It is not surprisingly cheap.
🤯
Turkey is a mistake. Mark my words. Yes you like the price. The problem is the people.
Under the Turkish CBI Programme, you can sell your property after 3 years for a profit and effectively earn money from gaining an additional Passport.
Turkish people are brilliant, what are you talking about? haha.
Why do you talk in meters try feet so we can understand comparison, us ex pat.
The whole world uses meters.
Thank You James. This fellow needs to realize that America is not the world.
If you're talkin to expatriates from the US speak their language in feet not meters just like speak to US dollar and not pounds or Francs pesos