What are the countries with the best relation between real estate cost and rental income?
I'm interested in buying an apartment for rental purposes. However, I'm trying to find out which are the countries on which the cost of the property is low and the monthly income from rent is relatively high.
- 4 months agoFavorite Answer
Everywhere in the world rental income is highest where there is highest demand. That might mean being in the centre of a major city or it might mean being in a tourist area. Rental properties in countries where ownership is not restricted to legal residents are priced as a multiple of rent roll.
But there are other costs such as wealth, municipal and capital gains taxes that need to be factored in and whether there is rent control/tenant protection. You will also have to employ someone local to care for the property and pray that they are honest. The general rule of thumb is never to invest in something that you do not completely understand which means buying property not just in your own country but in your own local district.
- Anonymous4 months ago
You can't manage apartments from afar. SMH