Best Real Estate Destinations in 2023

Best Real Estate Destinations in 2023

4 mins read 11/23/2023 Comments (0)

Are you thinking of diversifying your investment portfolio and investing your funds abroad? In other words, are you looking for the best place in the world to invest in real estate for a profitable venture? This comprehensive guide lists the best places to invest your money in 2023 and beyond. Vartur Real Estate conducted extensive research and analysis in locations around the world to identify regions with rising real estate values, highest rental yields, and strongest capital appreciation. Whether you're looking to diversify your portfolio or consider purchasing your first property abroad, this roundup will introduce you to today's best ways to build wealth through real estate investing. 

Among the ways to invest your surplus income and make more money, investing in real estate is one of the most popular ways. If you take the right steps, you can grow your wealth, avoid inflation, and benefit from market growth. The best way to find real estate investments is to understand local real estate market trends and key data to find where the demand and growth opportunities are. As Vartur Real Estate, we examined current data on gross rental yields, property price fluctuations, vacancy rates, local economic growth, and 5-year yields to provide insight into the best places to invest in real estate. Are you planning for short-term capital gains or long-term buy and hold? To make it easy for you, we recommend contacting Vartur Real Estate’s investment counselor who can help you to invest in some of the best real estate markets.  


Turkey

Investing in property for sale in Turkey has many benefits, including citizenship, high rental yields, and  ease of securing property. Turkey's middle class is growing, increasing demand for housing and contributing to the stability of the rental market. Some updates to the procedure will allow a foreigner to purchase real estate within just 24 hours all under strict regulations. The affordable cost of living in Turkey means you can now enjoy the European lifestyle at a fraction of the cost in Spain or Portugal.Turkey had a record year for real estate sales, increasing by 107% compared to May 2020, mainly thanks to foreign buyers.Turkey is also considered an attractive destination for lifestyle and investment opportunities. Half of this year's property Turkey sales took place in Istanbul, the country's most vibrant and historic city. Istanbul was her 9th most visited city in the world in 2018. This number was behind branded cities such as Paris, London, New York and Tokyo, but ahead of other major cities such as Berlin, Barcelona, ​​Rome and Los Angeles.  In addition to tourism growth, Istanbul and Turkey in general are experiencing strong economic growth with an expanding population  and expanding middle class. Turkish buyers are rushing back to the market as interest rates fall. Tourist rental properties and student accommodation are both attractive rental investment options.  One of the biggest selling points of investing in Istanbul is the low cost of entry. Rental units in this market fall within most investors' budgets. With high yields, affordable cost of living , and a vibrant and historic background, property in Turkey should be on every investor’s radar.



Dubai, UAE

The UAE government is taking steps to make property purchases easier and more convenient for foreigners. It is clear that owning real estate in Dubai is a long-term investment compared to renting. The advent of the short-term rental market has given property owners a variety of options to earn high rates of return with net rental yields in excess of 6%. Dubai has a variety of great real estate investment opportunities with great payment plans in areas such as Jumeirah Village Circle, Downtown Dubai and Dubai Marina. Another benefit of owning property in Dubai is the tax-free benefit. The government allows foreign investors to purchase freehold real estate in certain designated areas, allowing foreign investors to own and enjoy full ownership of the real estate. Tax savings will significantly increase rental yields and profits, making the UAE one of the best countries for real estate investment in 2023 and beyond. Dubai also has a robust and diversified economy with a focus on trade, tourism, real estate and finance. The economy and job market remain strong, increasing demand for real estate. Dubai has modern infrastructure, from Dubai Metro to Palm Jumeirah and Dubai Marina. The new development features amenities such as a gym, pool, and restaurant. High quality of life and amenities inadvertently attract wealthy tenants and buyers.