average investment > 5 Affordable Global Real Estate Hotspots to Consider in 2023, Insights from an Expert

5 Affordable Global Real Estate Hotspots to Consider in 2023, Insights from an Expert

Explore five international destinations where you can buy cheap real estate and embark on an exciting expat journey. Gain valuable insights from expert Ronan McMahon on the best places to invest in real estate abroad.

Introduction: Imagine owning a home in a charming foreign town, surrounded by centuries-old architecture and breathtaking sea views, all without breaking the bank. In 2023, this dream can become a reality, thanks to an abundance of affordable real estate opportunities worldwide.

Renowned international real estate expert Ronan McMahon, with over two decades of experience and $2 billion in transactions, offers insights into the global real estate market’s pulse. He unveils his top picks for the best places to buy real estate in 2023 in his special report, “The Best Places to Buy Real Estate in the World 2023.” Here, we delve into these five attractive destinations where cheap real estate awaits.

  1. Montenegro: Your European Gem
  • Location: The stunning Dalmatian Coast, stretching from Zadar, Croatia, to the Bay of Kotor in Montenegro, offers a unique charm.
  • Cost: Montenegro provides an opportunity to buy homes with breathtaking bay views for as little as €100,000, making it an excellent investment for the future.
  1. Silver Coast, Portugal: A Hidden Gem
  • Location: Nestled between Lisbon and Porto, Portugal’s Silver Coast offers pristine beaches, historic towns, and a lower cost of living.
  • Cost: With budgets ranging from €100,000 to €200,000, you can secure traditional homes or beachside properties with ocean views.
  1. Southern Zone, Costa Rica: Nature’s Paradise
  • Location: Costa Rica’s Southern Zone, a three-hour drive from San José, boasts unspoiled beaches, lush forests, and abundant outdoor activities.
  • Cost: You can find mountain-view lots starting at $40,000 and two- to three-bedroom homes with a pool for $150,000 to $200,000.
  1. Costa del Sol, Spain: A Mediterranean Paradise
  • Location: The Costa del Sol is a hot destination with 320 sunny days a year, attracting visitors from around the world.
  • Cost: You can purchase a one-bedroom apartment with sea views for as little as €99,000 or opt for beachfront complexes starting at €185,000.
  1. Los Cabos, Mexico: Luxury and Value
  • Location: Los Cabos, Mexico, is a thriving luxury destination, attracting visitors, remote workers, and investors.
  • Cost: La Paz, just a two-hour drive from Los Cabos, offers great value with sea-view homes under $300,000 and even oceanfront properties.

Insider Tips:

  • Thorough research and due diligence are essential before making any international real estate investment.
  • Consider factors like potential EU membership in Montenegro or the growth of finance and tech firms in the Costa del Sol.
  • Look for established developers and consider building a custom home for maximum appeal to vacation renters.

2023 presents an exciting opportunity to purchase affordable real estate in these attractive international destinations. Whether you seek financial freedom or a dream expat life, Ronan McMahon’s expert insights can guide you towards making a life-changing investment decision. Don’t miss out on these global real estate hotspots; explore your options and embrace the possibilities of owning a piece of paradise.

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