Within the past decade we have seen an unprecedented increase in the purchase, interest as well as hype in owning 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. Because of these, many families now have the financial freedom to own properties overseas due to the excess equities from their existing homes. As most of us are aware of real estate is one solid investment that increases in value overtime.
Of course, location plays an integral role when it comes to purchasing an investment property overseas. Europe and the Americas are regarded as the major real estate destinations, but why settle for these areas if you could own a property in an area that is equally at par with these locations and could offer you more business opportunities? 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.
Just seven hours away from Hawaii and just four hours short from Japan and other Asian countries, Guam is considered as the place where America's day begins. With that said, Guam enjoys a US dollar economy but is also a hub for diverse international flavor evident from its mixture of rich Asian and local Chamorro cultures. Though the US mainland is currently experiencing declines in economy and mortgage pricing, Guam is encountering strong real estate industry credited to the military relocation and construction that is expected to bring about $15 billion of expenditures. Hence, many real estate investors are closely looking after the said relocation and are moving forward to expand their reach by offering investment property overseas.
The geographic location of Guam is what makes it the ideal overseas residential location for families and business avenue for American and Asian investors. The place is highly accessible considering that it is surrounded by many routes of swift access towards main roads, stations, ferry ports and international airport. As its transportation, technology and telecommunication standards are entirely US-based, the business climate in this place is truly competitive and could fulfill the expectations of differing industries. As such, if you intend to purchase a Guam home for sale, not only will you enjoy the rich culture of this island, but you could also greatly benefit from the potentials of international business.
Rental properties in Guam are also gaining momentum in the real estate market. The rise on the sales of Guam rental homes could be credited to the increased volume of tourists visiting the island to enjoy its panoramic beaches and culture. 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. The rental income tax in Guam is very low and its tenancy laws are very amiable to landlords; hence, earning profits from rental could be a good business in Guam.
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 all means, this is the right time to cash your money in for an investment in Guam. If you decide to purchase a Guam home for sale, there are many estate agents who are willing to help you find the right investment in the island. 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.
When buying an investment property overseas location is a primary factor to consider. Guam is currently in the period of strong growth and development in the field of real estate, making it an ideal location for investments properties. In fact, Guam home for sale as well as rental properties have now turned into a big industry, as they are expected to earn huge amount of profits once the military expansion is carried out.
-Alison Ward
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