Purchasing properties abroad is not out of reach anymore. With the increased interest in investment properties, lower air travel costs made it possible for travelers to easily visit one place to another, and more property ownership opportunities are achieved by many homeowners to cheaply buy overseas for their prospective properties. In this regard, many homeowners feel that having a second home abroad is an ideal concept that can be accomplished. These developments are all the evidences of the booming real estate market.
While Italy, Spain, Canada, France and Europe are among the most usual destinations for investors longing to own overseas properties, new real estate markets are expanding in Guam, where potential buyers are afforded incredible value homes and other real estate properties. The increased attention toward investment Guam properties are fueled by the relocation of Marine Corps personnel and their families from Okinawa. To cap this off, the increased number of military population in the island demands for construction programs that is said to bring billions of dollars in expenditures and would require additional laborers, thereby increasing the need for accommodations. Because of these, the real estate in Guam is now poised to expand its reach for the upcoming years.
Another driver for Guam's real estate market is its tourism industry which has been gaining about 1.2 million visitors annually, generating approximately $1.35 billion in revenues. Guam is regarded as the quintessential melting pot that blends the flavor of American, Chamorro, Spanish, Micronesia and Asian cultures. Its powerful combination of natural beauty and modern conveniences, as seen from its well lined beaches and contemporary infrastructures, appealed to people as the place not only for vacation but the destination to stay for life. Since the island is an American territory, it guarantees all-American benefits, luring many investors to see the lucrative potentials of owning investment Guam properties.
Due to its geographic location which is within the reach of nearby Asian countries as well as the US, it has become one of the most ideal locations for families and businesses. In fact, the well-developed commercial and residential sites of the island has consistently appealed to homeowners and businesses wishing to own properties abroad. Residential real estate prices starts from $120,000 and rises to $370,000 for luxury condominiums situated in the island's center and economic hub, Tumon. Its residential rental property on the other hand yields monthly rents of $1,200 for town houses within small villages, and can be as high us $4,500 in Tumon.
When it comes to commercial investment Guam properties prices are also dependent on the location of the properties. For example, a simple commercial structure in Hagat±a is priced at $61 per square feet. A similar property in Tumon could value at $158 per square feet. However, if you would compare these prices to other overseas properties they are relatively competitive, which is why Guam is truly an ideal destination to own a home or a commercial property.
If you intend to buy overseas for some properties may it be for residential or commercial purposes, Guam could be the perfect location for you based from the opportunities it could provide. For businesses, Guam offers a comprehensive incentive program, plausible incomes tax structures and highly modernized infrastructures. For families on the other hand, the island could offer incomparable modern conveniences, high-standard educational system, cosmopolitan shopping centers and entertainment facets, and almost all comfortable means to enjoy island living. Overall, Guam brings in together a solid combination of culture, style, international business and comfortable living at a very lenient real estate cost.
Having an investment abroad is probably one of the best means to secure one's future. Hence, if you would like to buy overseas for a residential rental property, you may want to try looking at Guam. Currently, investment Guam properties are now being sold fast due to the financial potentials they present. The booming tourism industry and expected relocation of military personnel from Okinawa are the primary catalysts for the booming real estate market in Guam.
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