Guam: Property Investment Perks
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 most of us are aware of real estate is one solid investment that increases in value overtime.
Of course, location plays an integral role when it comes to purchasing an investment property overseas. Europe and the Americas have been the primary destinations for families who would like to own properties abroad, but why bother living in crowded places when you could actually be a pioneer homeowner in a place that is considered as the hottest real estate destination of 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.
Just seven hours away from Hawaii and just four hours short from Japan and other Asian countries, Guam is considered as the place where America's day begins. That is, it enjoys a US dollar economy, and is a major melting pot for diverse backgrounds as seen from its 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 closely looking after the said relocation and are moving forward to expand their reach by offering investment property overseas.
The geographic location of Guam is what makes it the ideal overseas residential location for families and business avenue for American and Asian investors. The place is highly accessible considering that it is surrounded by many routes of swift access towards main roads, stations, ferry ports and international airport. As its transportation, technology and telecommunication standards are entirely US-based, the business climate in this place is truly competitive and could fulfill the expectations of differing industries. 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 appreciation for owning rental homes in Guam is driven by the increased number of tourists visiting the island to enjoy the sand, sea and culture of this US territory. The rental yield in the island is up to 14%, wherein a 220 meter rental home could earn up to $3,000 per month, and $700 per month for an 80 meter property. 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. By all means, this is the right time to cash your money in for an investment in Guam. If you are thinking of purchasing a Guam home for sale, it is now easier to finance your desired overseas property because many estate agents are now willing to help you with your 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.
If you're looking for the perfect location to buy your investment property overseas, you may want to try looking at Guam. At the moment, this US territory is regarded as one of the hottest real estate destinations due to its booming tourism industry and expected military expansion. Rental properties as well as Guam home for sale are now being sold fast among interested investors because of the financial potentials they posit.
Published August 16th, 2010
Filed in Real Estate
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