In this week’s Your Overseas Dream Home Digest…
- Video: Opportunities in the “Paris of the South”
- …and the Safest Way to Play them
- Dream Homes in Costa Rica
- Scouting a Luxurious Community on Central America’s Hidden Coast
- Your Questions Answered on Scouting Morocco
I hope you had a great Thanksgiving. I’m now back at my home in Guadalajara, Mexico…and feeling very thankful for the life I get to lead today.
I’ve had an incredible few weeks…
I’ve negotiated a stunning new deal on luxury condos for my RETA group.
I’ve been scouting a “hidden” stretch of coast in Central America.
And I’ve been talking to a top insider about incredible opportunities in the “Paris of the South.”
All of this to come. Let’s begin in…
Video: Opportunities in the “Paris of the South”
Back in the early 1900s, this country was like a second America…
It built a grand city to rival the world’s greatest, giving us “the Paris of the South.” That city drew waves of wealth from London, Paris, and Rome. Its grand boulevards, ornate façades, and Belle Époque mansions were an expression of a nation riding high.
But things have gone downhill. Decades of cronyism and mismanagement have prevented the country from prospering as it should.
You could buy here for one-fifth, one-sixth or even one-eighth of Paris prices. But what happens if this country finally fixes its politics?
I dive into it in my latest YouTube video. Click here to watch:
In my latest video, I dig into opportunities in “the Paris of the South.”
As I say this country’s recovery is not guaranteed…
…and the Safest Way to Play them
Following on from my video above, I want to show you the safest way to play this country’s recovery—and it’s not by buying in the country.
This country shows great promise—but the situation is still volatile.
Which is why the safest way to position yourself for a recovery is actually just across the border…in a peaceful, well-run country I call “The Portugal of the Americas.”
To discover what country I’m talking about and how it’s the safest way to play this country’s recovery, read more here.
Now let’s check in on a much more stable market…
Dream Homes in Costa Rica
Yesterday, in Your Overseas Dream Home, I took you on a virtual tour of some of the stunning properties on the market on Costa Rica’s Gold Coast around Playa Flamingo—from a brand-new modern build in Altos de Flamingo to a hilltop Italian-inspired villa, a sleek penthouse with huge Pacific views, and a spacious ocean-view condo.
If you’re dreaming of life on Costa Rica’s Gold Coast, these properties show what’s available. And the prices you can expect…
We found beautiful homes like this stunning property close to the summit of Playa Flamingo’s southern ridge. Views like this don’t come cheap.
Click here to see all the dream homes.
And I’m thrilled to say that the next RETA-only deal will be in this beautiful country…
That’s right. It will be in Tamarindo—the most sought-after, most popular beach town on Costa Rica’s Gold Coast.
The trendy town of Tamarindo is known for its soft-sand beach and incredible surf breaks.
This is one of the highest-demand locations on our entire RETA beat.
Thanks to our killer RETA-only pricing, I expect you’ll see gains of $306,400 just three years after delivery.
Rent short-term with moderate, conservative occupancy and I figure you’re looking at gross yields of over 16%—with more than enough room for personal use.
The bad news is we only have 31 condos…
More details soon…but for now make sure you’re a RETA member so you can access this stunningly rare deal when it opens on December 10.
Now, I mentioned that I’ve been scouting a “hidden” stretch of coast in Central America…let me reveal all…
Scouting a Luxurious Community on Central America’s Hidden Coast
I’m just back from Nicaragua’s Emerald Coast, where I checked in on developments at Rancho Santana.
This 2,700-acre master-planned community in southwestern Nicaragua sits on one of the most stunning coastlines I’ve seen anywhere.
Dramatic, vertical cliffs drop to rocky plateaus. Rolling green hills sweep down to the glistening Pacific. The virtually private two-mile coastline is dotted with sandy beaches perfect for surfing, swimming, or just relaxing, including the pink beach at Playa Rosada.
Rancho Santana is not just beautiful, this is among the finest and most luxurious residential communities in all of Central America.
This is an example of the kinds of luxury villas you’ll see at Rancho Santana.
I’ve been scouting this community for decades and it has undergone an incredible transformation since that time.
In 2009, I brought my RETA group an off-market deal to own these luxury condos. RETA members could get in here from $219,000. Today resales start in the mid-$700,000s.
Go back even further to 2005 before I founded RETA, and I helped International Living readers buy casitas here for $129,000. Today those list for north of $500,000.
Your Questions Answered
Have a comment for me or my team? A question about owning overseas? Share it here. I’d love to hear from you. Here’s a question I got from a reader recently…
Scott B. asks: I wonder what you think about Morocco, particularly new build, gated communities on the coast near Casablanca. These are built to updated construction codes and geared towards Europeans or other Westerners wishing to vacation in the temperate climate. While not as sophisticated as other areas, the costs of new condo units seem to be much lower too.
Ronan says: Hi Scott and thank you for your message. I’m very interested in Morocco. My team and I are discussing a possible scouting trip to Morocco next year. At the moment, we’re beginning our research…laying the groundwork…stay tuned.
In the meantime, you can read this post from earlier in the year on traditional Moroccan homes for sale in the Marrakesh–Safi district.
In the heart of Marrakesh, you’ll find the 12th-century Koutoubia Mosque, surrounded by serene gardens.
Wishing you good real estate investing,
P.S. If you have a question about buying real estate overseas or have suggestions for destinations my team and I should put on our scouting list, drop me a line here.
