Читать книгу Buying Real Estate Overseas For Cash Flow (And A Better Life) - Kathleen Peddicord - Страница 12

Some markets in Europe are already experiencing broad real estate price drops. Greece is top of this list. We believe this country will represent a bona-fide blood-in-the-streets opportunity, and we will share specific opportunities with our Live and Invest Overseas readers in real time. (You can stay up to date with these opportunities as a reader of our free e-letter service. Go to www.liveandinvestoverseas.com/cashflowupdates to sign up.)

In addition, we expect prices in Portugal, where values had appreciated significantly between 2015 and 2019—particularly in Lisbon, Porto, and Lagos—to soften and perhaps to fall when pent-up supply is released after Europe reopens. The window of opportunity here, though, will be short.

We predict price drops across Latin America. Emerging markets are going to be hardest hit by the pandemic crisis, and their economies will be slowest to recover. This means countries at the top of your post-crisis opportunity list should include Mexico, Belize, and Brazil.

Panama is an exception in this regard in this part of the world. This country reacted quickly to the coronavirus threat, showing itself again to be more than just another banana republic. Panama closed its borders in a matter of days, then restricted the movement of its residents in inventive ways. At the height of the threat, women were allowed to leave their homes at assigned two-hour increments on Mondays, Wednesdays, and Fridays, while men were able to be out for two hours at a time only on Tuesdays, Thursdays, and Saturdays. Everyone had to stay home Sundays, and the government banned the sale of alcohol. No baby boom for Panama but we predict a quicker return of economic activity certainly than anywhere else in the region. In addition, our contacts in the country report that President Laurentino “Nito” Cortizo's administration is planning an aggressive program of investor incentives to attract direct foreign investment post-pandemic lockdown. Again, we'll keep our Live and Invest Overseas readers up to date on these programs as they are rolled out, at www.liveandinvestoverseas.com/cashflowupdates.