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

[vehzag]

You guys seem very limited.
You only show moscow.
Russia is not only moscow but people in other big citzies which wealth need to catch up with russian major cities.
And no russian ruble is backed by gold.Educate yourself.
Just because you lived in moscow in the past that doesn't make you a good forcaster of prices in rest of russia for real estates.
You understand what a deflationary monetary system is right ?
You understand what will happen with the ruble in a commodity cycle right ?



They can buy anything they want outside of western countries which in the future are even uninterresting.
I focus on BRICS and there is no problem.

I lived in many cities there not only Moscow
My family doesn’t live in Moscow
In just a regular average city
But I don’t mind you having your own truth
Just be polite here, you don’t even know who are you talking to but throwing frases like ‘haven’t heard smth more stupid’ or ‘educate yourself’ doesn’t give you additional credit of expertise

And still no, rouble is not backed by gold, neither btc (unfortunately )
There is no gold standard in Russia

 

[OffshoreDude]

Aren't most real estate investments in "legacy countries" doomed to fail in the long run, because of their demographic decline, which affects both appreciation and cashflow (reduced demand, what leads to declining rents and vacancies)?

 

[Cloudbanck]

Aren't most real estate investments in "legacy countries" doomed to fail in the long run, because of their demographic decline, which affects both appreciation and cashflow (reduced demand, what leads to declining rents and vacancies)?

Yeah, demographics will have a huge impact on real estate. One can already see this in countries that are ahead of the curve in the decline like Japan. There, houses on the countryside are remarkably cheap, and sometimes left abandoned. Tokyo is still holding up pretty well though.

I think attractive cities, and other places people want to move to like beach/lake/mountain towns will not notice much of the demographic decline, whereas it can be dramatic elsewhere. I think millionaires migrating patterns will matter a lot too, real estate in places receiving millionaires will still do fine. For 2024 places receiving millionaires were: UAE, Singapore, US, Canada, Switzerland, Australia, Italy, Portugal, Greece. Lots of legacy countries in there actually.

 

[369]

Aren't most real estate investments in "legacy countries" doomed to fail in the long run, because of their demographic decline, which affects both appreciation and cashflow (reduced demand, what leads to declining rents and vacancies)?

RE would be long down as demographic grow is dramaticly if not artificially pumped via immigration.

 

[369]

I lived in many cities there not only Moscow
My family doesn’t live in Moscow
In just a regular average city
But I don’t mind you having your own truth
Just be polite here, you don’t even know who are you talking to but throwing frases like ‘haven’t heard smth more stupid’ or ‘educate yourself’ doesn’t give you additional credit of expertise

And still no, rouble is not backed by gold, neither btc (unfortunately )
There is no gold standard in Russia

If you don't understand monetary system i simple call it you don't understand it

Here a nice article for you so maybe you can catch up a bit what is going on expacially as you lived in moscow and your family in average cities.

https://www.birchgold.com/blog/news/russia-gold-standard/

 

[Armani]

What about Japan?

Does anybody know how is the market, especially for short term rentals (airbnb) since tourism is booming like never before?

 

[dany]

Occupied one? Easy

What do you mean ?

 

[OffshoreDude]

Does anybody know how is the market, especially for short term rentals (airbnb) since tourism is booming like never before?

In my opinion, every short-term rental venture anywhere is in constant danger of sudden regulation that hinders or even prohibit such activities, or make it unprofitable with special taxes or state fees.

 

[vehzag]

What do you mean ?

As I explained above
If you know how to deal with okupas and find the occupied flat at very low price
You can negotiate with okupas the conditions that they are ready to move out with
And then close the deal with potential seller of such property

 

[Houdini]

You won't like the answer but #1 in real estate currently in my eyes is Russia

How do you invest in Russian Real Estate now a days if you don't live there and as long as the world looks like it does?

 

[dany]

As I explained above
If you know how to deal with okupas and find the occupied flat at very low price
You can negotiate with okupas the conditions that they are ready to move out with
And then close the deal with potential seller of such property

It’s corrupt and criminal that they’re exploiting other people’s investments for their own gain!

 

[Shoresy]

For what is worth, I have a contact in Dubai that is from East Africa who is knowledgeable of that part of the world (Eritrea, Ethiopia, Djibouti, Kenya, Uganda, Sudan/South Sudan, etc), with whom I've realized good land deals (Kenya), and found some other gems (Uganda). My interest on the region was piqued by him and Ladislaz Maurice (the Wandering investor .com), as the profit potential there is clear to see, but you need to have boots on the ground and someone to follow things up to get the desired results (no sit and wait sort of approach). I wouldn't mind teaming with like-minded people to aim for larger opportunities. I also have started in fixer-uppers in Cambodia through a native local citizen, and the % yield is way above 20% (small amounts, not scalable, one time per property). However, there are land deals that with the proper capital do present exceptional value. I'm above all a numbers guy and the regions mentioned make sense to me (net returns always, worse case scenario in terms of costs and exit prices included). Alas, I can go only as far as my wallet allows, so I'm missing some opportunities, hence my post above. NO SOLICITATION OF ANY KIND! (@JohnLocke @Martin Everson @Sols !!!) , but I believe that it's about time we here at OCT thought about joining forces and doing some sort of a coordinated effort/fund, FFS...I do feel we could do really good things.

NVO

Seconded. I'd be interested.

 

[Dreamy]

What are the downsides to investing in an apartment in Bangkok? There are two business districts in the city center, where you can buy a good studio apartment or even something bigger for $200-300k and rent it out through an agency on a long-term basis to bank managers, insurance companies workers, etc., working nearby. I think real estate prices in Bangkok will grow slightly, but from year to year, as Asia is developing, and Bangkok is already an excellent business center, not like Singapore, but still. You can easily get 4-5% per annum after all spends. Yes, it's not much, but considering the cost of housing, it would suit me just fine. What are the pitfalls here? Also, if you will live in Thailand, you will need to pay taxes from this 'inhouse' income I guess?

 

[Meta]

What are the downsides to investing in an apartment in Bangkok? There are two business districts in the city center, where you can buy a good studio apartment or even something bigger for $200-300k and rent it out through an agency on a long-term basis to bank managers, insurance companies workers, etc., working nearby. I think real estate prices in Bangkok will grow slightly, but from year to year, as Asia is developing, and Bangkok is already an excellent business center, not like Singapore, but still. You can easily get 4-5% per annum after all spends. Yes, it's not much, but considering the cost of housing, it would suit me just fine. What are the pitfalls here? Also, if you will live in Thailand, you will need to pay taxes from this 'inhouse' income I guess?

• It's more like 3-4% at best usually
• It will take some effort to find a good property manager (doable though)
• It will take some effort to buy. People are not exactly business-minded. If you find a good deal and agree in principle, they may decide to cancel and relist later at higher price - happened to me twice recently. Extremely annoying
• Market is weird overall. People prefer to be in market selling literally for years over lowering price. This thing gonna burst one day (probably not soon)
• Quality of buildings may be low. Pay attention to this, otherwise it will be (even more) difficult to sell later

Yes, you need to pay taxes on rent income, but actually most people don't. Some get lucky reselling condos - I've seen people buy off plan, sell after completion with +50% or more in couple years. It is what I said though, luck. Many people can't sell such off plan condos without taking loss. $200-300k is way more than enough for studio if you are not looking at top-luxury buildings. It's price of a small 2-bedroom.

Good luck.

 

[cryptofriendly]

What are the downsides to investing in an apartment in Bangkok? There are two business districts in the city center, where you can buy a good studio apartment or even something bigger for $200-300k and rent it out through an agency on a long-term basis to bank managers, insurance companies workers, etc., working nearby. I think real estate prices in Bangkok will grow slightly, but from year to year, as Asia is developing, and Bangkok is already an excellent business center, not like Singapore, but still. You can easily get 4-5% per annum after all spends. Yes, it's not much, but considering the cost of housing, it would suit me just fine. What are the pitfalls here? Also, if you will live in Thailand, you will need to pay taxes from this 'inhouse' income I guess?

Oversupply, and people like to live in new places, not in old apartment blocks.

Especially now after the earthquake, where many buildings got damages (structural and cosmetic) there might be a lot of changes in the market.
No one trust the inspectors, and people are a bit worried.

On the other hand, there are many positive changes.

People from more countries than ever can visit Thailand visa-free now.
There have been between 10,000-40,000 5-year-valid DTV visas issued as of Nov. 2024, I guess more than 120,000 as of now.
The rents are already rising, and it's a huge change for Thailand.

 

[bubbledouble]

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.

Where did you by the property in Spain ? and how do you get that money ?

 

[toums]

What are the downsides to investing in an apartment in Bangkok? There are two business districts in the city center, where you can buy a good studio apartment or even something bigger for $200-300k and rent it out through an agency on a long-term basis to bank managers, insurance companies workers, etc., working nearby. I think real estate prices in Bangkok will grow slightly, but from year to year, as Asia is developing, and Bangkok is already an excellent business center, not like Singapore, but still. You can easily get 4-5% per annum after all spends. Yes, it's not much, but considering the cost of housing, it would suit me just fine. What are the pitfalls here? Also, if you will live in Thailand, you will need to pay taxes from this 'inhouse' income I guess?

I agree with the responses from the other two OCT members.

For the long term, you’re likely looking at returns of around 3%, 3.5%, maybe 4%,or even less if you declare your rental income there. The market is oversupplied, and don’t forget the earthquake that hit Bangkok less than three months ago...

Without the ability to get a mortgage, I find it hard to see the point of buying in Bangkok, UNLESS you plan to live there and want a property that perfectly suits your tastes… or if you’re aiming for the 10-year LTR visa as a 'wealthy global citizen'. But for that, you need to invest at least $500K and prove at least $1M in liquid assets, whether in or outside of Thailand.