The past decade witnessed a tremendous increase in the purchase, interest and hype of buying an investment property overseas. From the later 90’s until today there is a boost in the value of real estate, while the costs for airline destinations have dramatically declined. Due to these, average families are now experiencing excess equities from their current homes and are granted financial opportunities to have investment properties abroad. As we all know real estate is a consistently solid investment that would provide financial stability if held for the long term.
Location is perhaps one of the most important considerations that one could think of when purchasing an investment property overseas. Europe and the Americas have been the primary destinations for families who would like to own properties abroad, but why bother living in crowded places when you could actually be a pioneer homeowner in a place that is considered as the hottest real estate destination of today? Guam is an island territory of the United States that is currently undergoing exceptional growth and development in economic and real estate aspects, fueled by its strong tourism industry and military expansion.
Situated seven hours away from Hawaii and just four hours shy from Japan and other Asian destinations, Guam is regarded as the place where America’s day begins. That is, it enjoys a US dollar economy, and is a major melting pot for diverse backgrounds as seen from its rich Asian and local Chamorro cultures. While the US mainland is encountering crisis in its mortgages, Guam is showing strong performances in real estate due to the military relocation that posits $15 billion of expected expenditures. As such, many real estate investors are eyeing for Guam’s expected growth and are looking forward to earn profits by owning an investment property overseas.
The geographic location of Guam is what makes it an ideal destination for families as well as American and Asian businesses. The territory is highly accessible with modern routes directly linked to main roads, stations, ferry ports and international airport. Since its technology, telecommunication and overall industry are adherent to US standards, the business climate in the area is very competitive and is able to fulfill a whole range of expectations from various industries. Hence, regardless if you’re looking for a holiday home or the one that you could use to earn profits through rental, you could easily find a Guam home for sale that would suit your intended purpose and be able to enjoy the abovementioned benefits.
Rental properties in Guam are also considered as hot commodities nowadays. The appreciation for owning rental homes in Guam is driven by the increased number of tourists visiting the island to enjoy the sand, sea and culture of this US territory. Notably, the rental yield in the area is up to 14%, with 220 meter residential homes earning up to $3,000 a month and up to $700 a month for 80 meter properties. Tenancy laws in the island are amicable for landlords with very low rental income tax to pay; hence, having a rental home in Guam is a very profitable business.
Overall, the real estate industry in Guam is expected to augment in the following years as more and more investors are realizing the possibilities of earning increased profits in the island. By taking this into consideration, it isn’t hard to realize that these are the best times to own properties in Guam. If you have the intent to purchase a Guam home for sale, you don’t have to worry about the process as there are many estate agents who would help you out in your overseas investment. With the island’s accessibility, excellent culture, business opportunities and unprecedented growth, owning a property in Guam is a worthwhile investment that you could definitely enjoy for the long term.
Owning an investment property overseas is now becoming a trend due to the benefits it could provide in the long term. Guam is one of the key real estate destinations today fueled by the military relocation and construction that is expected to build a multi-billion dollar industry in this island. Due to this, Guam home for sale and rental properties are being purchased by many investors who are seeing the competitive business potentials of Guam.