7. POLAND
Poland might not be the first place to spring to mind when considering an offershore property purchase… Yet this country may be Eastern Europe’s best kept secret. Poland’s tourism capital, Krakow, was enjoying a booming tourist industry pre-pandemic, with 10 million visitors annually. It’s waiting to see the return of its tourists soon.
Krakow has 10 universities, resulting in a lively student population as well. These thousands of students need somewhere to live, and so the demand for both student accommodation and vacation rentals in Krakow is high. You can purchase an apartment in the city center for less than US$100,000 and quickly profit from the high rental demand in this flourishing city.
8. DOMINICAN REPUBLIC
In the Dominican Republic, focus on the capital, Santo Domingo.
The Dominican Republic is enjoying continued strong growth, as well as increasing foreign direct investment. All those business travelers coming to get in on the country’s economic boom pass through Santo Domingo… and they all need places to sleep.
The Dominican Republic is one of the first tourism success stories post-pandemic. With an increase of 10% in holiday-goers estimated for July 2021 (compared to the same month in 2019), the DR’s tourism industry is set to hit new highs.
A furnished rental for either of these markets—the business traveler or the holiday-goer—can be an excellent source of cash flow and, if you buy right, should enjoy good capital appreciation.
