As the world gradually emerges from the pandemic’s shadow, certain global real estate markets have not only rebounded but have shown remarkable growth, offering profitable opportunities for investors and second homeowners alike. A recent survey by Global Property Advisor highlights four standout markets that have delivered impressive capital gains and income over the past three years, with a special focus on ocean-view properties. These markets include the vibrant Puerto Vallarta, the serene Providenciales, the historic Mazatlan, and a surprise Mediterranean gem offering unparalleled value.
Puerto Vallarta: Branded City with a Strong Dollar Advantage
Puerto Vallarta, known for its enticing blend of natural beauty and lively cultural scene, has maintained its allure for long-term investors. The strength of the US dollar in this market has made operating costs relatively low, allowing for a healthy return on investment despite the city’s higher price point for ocean-view properties. This branded city continues to attract visitors and investors with its high-quality construction, active rental market, and robust occupancy rates.
Providenciales: A High Performer in the Caribbean
In the heart of the Caribbean, Providenciales stands out with its white-sand beaches, crystal-clear waters, and luxury lifestyle. Despite its exclusivity and high entry price, the market has seen a significant 77% increase in property values over the past three years. This growth confirms Providenciales as not only a haven for the wealthy but also a viable investment opportunity with strong capital gains potential.
Mazatlan’s Rising Popularity
Mazatlan, with its mix of historic charm and beachfront appeal, has transitioned from being overlooked to highly sought after. The completion of a new highway connecting it to key Mexican cities and even Texas has opened up the market to a broader audience. Investments recommended by Global Property Advisor in this area have paid off, with the city now ranking highly in the Overseas Retirement Index. Mazatlan’s growth is a testament to the enduring appeal of well-positioned, value-driven markets.
Each of these markets showcases the diverse opportunities available in the global real estate landscape, from the bustling streets of Puerto Vallarta to the tranquil beaches of Providenciales, and the historic allure of Mazatlan. The surprising Mediterranean locale, with its unbeatable prices and high rental yields, further underscores the potential for discovering value in less conventional markets. As the world moves post-pandemic, these markets offer not just a refuge but a promising investment for the future.