There is no denying the benefit of obtaining a second passport and residency rights in a country other than your own. From having the ability to leverage the passport to travel the world or enjoy the benefits a country has to offer to its citizens, all the way to obtaining a right to relocate your life and your career when you see fit, having a second passport is the best way to make it happen. This is something that property investors from Hong Kong are increasingly looking into in recent years, and especially in recent times during the unstable political trends taking place in the city-state.
While the Hong Kong real estate market remains an appealing prospect for new and seasoned investors, it’s important to start looking beyond its borders in search of more lucrative opportunities – ones that bring other benefits to the table such as permanent residency or even citizenship. Let’s take a look at the most promising destinations you can relocate to as a Hong Kong real estate investor.
Over the decades, the Canadian real estate market has remained steady and relatively unwavering in the face of new socio-economic trends, which makes the country and especially it’s biggest cities some of the best locations for overseas property investors. Not only does Canada enjoy a stable economy in its own right, but it also has numerous investment opportunities for those seeking to monetize rental homes as well as to flip properties for a profit.
This is because tourism in Canada is high on a year-round basis, but also because many people from around the world are relocating there and are looking to purchase homes of their own. That said, keep in mind that low-cost real estate in Canadian cities is virtually non-existent, so get ready for a cumbersome first investment.
Among the more affordable investment destinations in the world is Spain, a somewhat unstable economy that has left many amazing properties vacant and ripe for the picking by a skilled investor from overseas. But the best part about investing in Spain’s real estate market is that the local government allows investors to apply for a golden visa and gain permanent residency by buying property worth as little as 500,000 euros. While Spain is more expensive than Greece or Portugal in this regard, the country offers expedited golden visa applications and allows investors to obtain permanent residency much faster, making it easier to relocate in a hurry should the need arise.
Some investors might not be looking to relocate to a faraway destination, and are looking for lucrative real estate opportunities in countries that are closer to home. Luckily, the Southeast Asian market offers many prospects, of which Indonesia might be the most appealing one due to its year-round tourism and rapid urbanization.
That said, acquiring real estate as a foreigner might be tricky without experienced help, which is why Chinese investors are getting in touch with reputable firms such as Invest Islands to get the legal guidance necessary to obtain a property quickly, keep the law on their side, and relocate to this paradise country. The country’s proximity to Hong Kong makes it especially appealing to Chinese investors, as you will be able to stay close to your other assets and manage your portfolio with ease.
Next to Spain, quite literally, Portugal is yet another European country that might be appealing to foreign investors because of its year-round tourism and the increasing urbanization of its coastal regions where people from around the world are vacationing in greater numbers.
Add to that the fact that more and more people are looking for a home in these sunny and warm regions, and you have a promising destination with a long-term ROI potential. This real estate market is all about buying cheap properties and renovating them to appeal to the modern buyer, though, so it will take some time and hard work to monetize the investment.
Finally, the biggest city in Turkey, Istanbul, is currently one of the top investment hubs for foreign investors in the world, simply due to the recent political turmoil that has deterred many business leaders from investing. This is your opportunity to capitalize on a market where properties are extremely cheap, and the prices of labor and materials are low, which means that you will be able to flip a property with minimal financial waste and offer it to the millions of tourists pouring into the city on an annual basis.
As property investors from Hong Kong are increasingly looking to diversify their portfolios into foreign markets, it’s important to find the destinations that not only offer favorable investment terms, but also provide other valuable benefits. Consider these countries for your growth strategy and invest in a destination where you can relocate with ease.