Looking for a country to make a high rentability real estate investment

[flyingadventures662]

I've put 100K in a property in Spain 2 years ago and currently every month I get roughly 900 EUR pure net income after all taxes and expenses.

I'm very happy with the numbers and % rentability of this investment but very unhappy with some things related to Spain and the customer service I get for the management. (No okupas problem, we rent rooms so the money flow is quite stable and really no issues with that).

I'm looking to make a similar investment but in another country where I like generally the things more.

I know it's hard to achieve that ROI, or slightly worse ROI on the expense of getting excellent service.

But from my research if possible anywhere, I could see Batumi in Georgia, Dubai, or probably Cyprus.

I have zero experience in these countries so I'd appreciate if anyone has personal experience or at least has done some research and can quote precise numbers, and suggest contacts for local management. Or of course, suggestions for other countries.

Many thanks.

 

[toums]

Can you detail where more did you buy in Spain and which type of flat and rental (short lets, by month, yearly etc..)

 

[happyjohn]

Sounds like you're doing well in Spain, but I get why you want better service.

Batumi, Georgia could be a good choice, property prices are still low, and the rental yields are decent.

Dubai is great for luxury properties but can be expensive, and Cyprus is also a solid option with good tax advantages.

Personally, I’ve heard good things about property management in Cyprus.

You might want to check out local agencies in those places to get better insights!

 

[toums]

Sounds like you're doing well in Spain, but I get why you want better service.

Batumi, Georgia could be a good choice, property prices are still low, and the rental yields are decent.

Dubai is great for luxury properties but can be expensive, and Cyprus is also a solid option with good tax advantages.

Personally, I’ve heard good things about property management in Cyprus.

You might want to check out local agencies in those places to get better insights!

Batumi has never really taken off despite being talked about for the past 10 years+, and in my opinion, it's VERY seasonal. Some properties in Dubai (or Abu Dhabi) are fine. I’d also add Budapest in Europe. And Bali (if the focus is on yield).

 

[flyingadventures662]

Can you detail where more did you buy in Spain and which type of flat and rental (short lets, by month, yearly etc..)

Alicante, huge apartment, long-term (non-touristical) room rental for minimum a few months. 400-500 per room so 1400 cca entire apartment.

But now you can't get this, price to buy have gone up 20-40% depending on the area so the renatbility is lower.

It was a bargain when we bought it I must admit.

From what I know in the smaller towns or even villages the rentability should be still ridiculously high even now but again the biggest question is whom you will find locally to manage it for you.

2 years ago you were able to buy 3 apartments for ~100K in one small town nearby and rent to students again per room for super high yield - if you find someone local to trust.

 

[flyingadventures662]

Sounds like you're doing well in Spain, but I get why you want better service.

Batumi, Georgia could be a good choice, property prices are still low, and the rental yields are decent.

Dubai is great for luxury properties but can be expensive, and Cyprus is also a solid option with good tax advantages.

Personally, I’ve heard good things about property management in Cyprus.

You might want to check out local agencies in those places to get better insights!

Many thanks I may go a bit higher let's say 120K-150K for more security just looking for something good.

Is Dubai more "reliable" for that than Georgia in your opinion and do you have an idea how these yields can be achieved: long term, rooms, touristical, etc...?

 

[flyingadventures662]

Batumi has never really taken off despite being talked about for the past 10 years+, and in my opinion, it's VERY seasonal. Some properties in Dubai (or Abu Dhabi) are fine. I’d also add Budapest in Europe. And Bali (if the focus is on yield).

Thanks

You surprise me with Budapest, if you put 100K in apartment there, what kind of rent and what % yield can you get, isn't it super low?

How about Tbilisi if it's less seasonal than Batumi?

Also in Dubai can you quote precise numbers: put X money to buy apartment Y, rent on Z type of rental to get how much per month after all expenses?

 

[luap]

ROI is great because the risk of Okupas is included in the rental market pricing. Even if you sell it with a return, and cash out profits (after taxes), you'll struggle to get anywhere near that return without more/different risks.

I say this as somebody who is allergic to keeping even 1 cent in Spain. Move your investment but be willing to accept lower ROI, or just deal with investing in a socialist country.

 

[flyingadventures662]

ROI is great because the risk of Okupas is included in the rental market pricing. Even if you sell it with a return, and cash out profits (after taxes), you'll struggle to get anywhere near that return without more/different risks.

I say this as somebody who is allergic to keeping even 1 cent in Spain. Move your investment but be willing to accept lower ROI, or just deal with investing in a socialist country.

By the way there is practically zero risk of okupas if you rent rooms.

I have spent a lot of time in Spain and I have met many people from there, both investors and "casual people".

While okupas are risk if you rent the entire property to one person/family that "encapsulates" themselves alone inside, I have asked a lot and I have never ever to this date heard about a single case of okupas if you rent independent rooms to different people who live together in a shared apartment. Also from the experience of the people who manage our apartment and I guess tens of others apartments during many years.

With that being said I'm completely open to what you say and tha's my goal, even if I get a bit lower ROI, I would go somewhre else.

Do you have specific suggestions which come at least close to this ROI numbers?

 

[MarkusCostigan]

El Salvador.