Interested in waterfront real estate for sale?
Buying a vacation home abroad has become an increasingly popular form of investment for millions of people, with most investors choosing to buy beachfront real estate over an inland villa or apartment. . The main reason for this is due to the high rental yields that are often associated with waterfront real estate compared to properties for sale in more remote locations.
The prestige of owning a beach house fuels property markets abroad and drives up prices in many mature investment locations, such as France’s Cote d’Azur, Spain’s Puerto Banus and Italy’s Lake Como, with investors now they buy waterfront properties in new areas such as Antalya and Bodrum in Turkey.
Property for sale in Turkey is now a hotspot for people looking to buy an apartment or villa abroad, with Istanbul, the Bodrum peninsula and the Antalya region offering the best returns on investment with returns of 12%. available in certain areas. New emerging markets include the historic city of Gallipoli known as Gelibolu in Turkey, where you can find pristine beaches and beautiful waterfront homes for sale. This thriving seaside town attracts 50,000 visitors each season, many of whom travel from the US, France and the UK to visit the famous war memorial that marks the resting place of fallen soldiers in battle of Gallipoli during the First World War.
Most people don’t know that Turkey’s economy is growing at a fast pace with 11% growth exceeding $742 billion this first quarter, making it the fastest growing economy in the world. Since 2008, more than 63,085 individual homes have been sold to more than 73,103 different foreigners with a high proportion opting for properties on the beach.
The Cayman Islands are another popular real estate investment area that attracts investors. Mainly due to the many tax benefits, beautiful beaches and luxurious beachfront properties that offer stunning ocean views and high rental yields to enjoy. Grand Cayman is the largest of the three islands and it is here that you will find the famous seven mile beach that is home to the rich and famous. Prices are not cheap in this luxury real estate destination abroad with many beachfront villas and beach apartments for sale for over $1,000,000.
A good example of waterfront real estate for sale in the Cayman Islands would be luxury terrace homes in Grand Cayman. These properties offer the ultimate in quality and are superior to the mass of waterfront homes available abroad.