Recovery: Opportunities in Beaten-Down Europe

Recovery: Opportunities in Beaten-Down Europe

In the early and mid-2000s, Europe’s real estate markets embarked on a massive tear. People re-financed, often to buy a vacation home or make a speculative investment in Europe’s sunnier locales. Values rose and rose…until everything stopped. The market imploded and real estate owners found themselves deeply under water. By 2009, with a few exceptions, Europe’s real estate markets had halted. Transactions simply stopped. The gulf between sellers’ expectations and what buyers were willing to pay was so great that there was nowhere for them to meet. Now markets are moving again. And in four countries in particular—Ireland, Portugal, Greece and Spain—I see opportunity today. An added plus is the current strength of the U.S. dollar. At time of writing, your U.S. dollar buys you 24% more euros than it did in March 2014. Now, I’m not a currency guy, and I’m certainly not making a call on future euro-dollar exchange rates, but it makes European opportunities all the more attractive right now.

Everybody Wants to Stay Here—And You Can Own a Rental

Everybody Wants to Stay Here—And You Can Own a Rental

The short-term rental market in Mexico’s Riviera Maya is the strongest I know. More vacationers and snowbirds are coming and more folks are moving here to work or set up a business. I expect strong rental demand for suites here at a weekly rate of up to $750…each. And strong occupancy thanks to overflow requirement from the new hotel that will come on top of an already strong rental market.

“I’ve Never Seen a Better Time to Buy Development Land in Latin America”

“I’ve Never Seen a Better Time to Buy Development Land in Latin America”

For more than 11 years I’ve traveled all over Latin America. From the U.S.-Mexican border all the way to Argentina, I see firsthand the opportunities this vast land has to offer. I’ve never seen a better time to invest in development land in Latin America than right now. The biggest returns in development come to the earliest speculators who take positions. You don’t need deep pockets to invest in development land—if you know how to do it. Nicaragua, for example, is a country of stunning natural beauty and abundant resources. It has a young population and its economy is catching up from a very low base. It has great potential as a retirement and vacation locale for North Americans. In the early 2000s, money and people raced in. Many didn’t have the skills or the experience to develop real estate.