The past decade witnessed a tremendous increase in the purchase, interest and hype of buying an investment property overseas. Since the late 90's until today, there are significant surges in the value of real estate and the decline in the ticket costs of airline destinations. Due to these, middle class families now have more financial opportunities from the excess equities of their current homes to purchase properties overseas. As we all know real estate is a consistently solid investment that would provide financial stability if held for the long term.
Of course, location is probably the most important factor when one considers purchasing an investment property overseas. Europe and the Americas are key real estate destinations, but as a future homeowner why settle for areas that hold too many people when you could actually own a property in one of the most sought after places today? Guam is a little known territory of the United States is currently in the process of growth and development, propelled by its tourism and military expansion.
Strategically located seven hours away from the island of Hawaii, and just four hours short from major Asian destinations like Japan, Guam is acknowledged as the frontier 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. While the US mainland is encountering crisis in its mortgages, Guam is showing strong performances in real estate due to the military relocation that posits $15 billion of expected expenditures. Hence, many real estate investors are looking forward for this relocation and are now moving forward to earn profits from offering investment property overseas.
The strategic location of Guam is what makes it the perfect overseas home destination for families and business hub for Asian and American investors. The island is highly accessible and is equipped with modern routes of swift access to main roads, stations, ferry ports and international airport. Considering that its telecommunication, transportation, technology and entire economic facets are based from US standards, the business climate in this area is highly competitive and could fulfill differing industrial expectations. Hence, if you are to purchase a Guam home for sale, you will not only enjoy the pristine appeal of the location but also be able to take advantage of the business opportunities it offers.
Rental properties in Guam are also considered as hot commodities nowadays. 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. Rental income tax is very low and tenancy laws are very lenient for landlords; hence, you could easily earn profits from Guam if you own a rental home in this location.
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. With this in mind, this is the right opportunity to own a property in Guam. If you have the intent to purchase a Guam home for sale, you don't have to worry about the process as there are many estate agents who would help you out in your overseas investment. Based from the island's accessibility, rich culture, business opportunities and uncapped economic growth, purchasing a home in Guam is one sure investment that you would never regret.
Owning an investment property overseas is now becoming a trend due to the benefits it could provide in the long term. Guam is one of the key real estate destinations today fueled by the military relocation and construction that is expected to build a multi-billion dollar industry in this island. Due to this, Guam home for sale and rental properties are being purchased by many investors who are seeing the competitive business potentials of Guam.
-Alison Ward
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