Four Countries To Buy Property In

With the global economy still in a state of recovery, many investors are looking to buying second properties that could become lucrative long-term investments. There are a multitude of factors involved in this-affording long distance movers, making sure you can still finance your first home, etc.

The most important thing is being sure that the investment you're making won't be in a popping bubble. Many of us have learned that lesson the hard way. For that reason it's important to do your research when searching for an overseas property. Here are four countries that could be good starting points for an overseas property investor:

Northern Cyprus

Decades of political unrest have kept this island in a depression as both the Greek Cypriots and Turkish Cypriots wrestled for control. But beginning in 2003 the nation has seen meteoric financial growth and Northern Cyprus's property values have risen. This is the result of a myriad of factors: an impressively diverse and textured culture and landscape that sees the intersection of three continents-Europe, Africa, and Asia. Additionally, there is very little crime in the country.

Currently many apartments can be had for $80,000, while houses and villas go for about $200k to $350k.

Dubai

This extremely verdant nation in the United Arab Emirates is becoming a rising star on the

world scene, replete with booming luxury and tourist industries, a rich cosmopolitan culture and a very active business scene. Add to this low crime, a high standard of living, its tax haven status, and its 6.7% GDP growth rate and you can understand why people are scrambling to swoop up Dubai's half million dollar homes.

Shanghai, China

Joining the rest of the Chinese economy, Shanghai is a growing cosmopolitan hub that should continue to grow in the coming years, meaning that property values will likely continue to rise.Some analysts consider Shanghai to be a bubble, but they said the same thing about Dubai and both cities have continued to increase in value.

Shanghai has a 9.3% GDP growth rate and cheaper real estate than Hong Kong.

Dominican Republic

The Dominican Republic benefits from a triple whammy of fortuitous factors: a stable democracy, a good economy, a beautiful location, and extremely affordable homes. There are few places in the world where you can find oceanfront home for a quarter of a million dollars. This is one of them.

These four countries are growing rapidly and it is quite possible that their real estate markets will inflate. Of course, that's a risk inherent in any speculative real estate play. However, if one judges promise based upon the strength of the national economy and cultural diversity, these countries rank highly for investors.

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