In this week’s Your Overseas Dream Home Digest…
- Where the Path of Progress Is Accelerating
- VIDEO: From Surf Village to Luxury Hotspot
- A Dream Home in the Spanish Region of Galicia
- Your Questions Answered on Montenegro’s Prospects
The most powerful force in real estate is what I call a “Path of Progress.”
It’s the force that transforms sleepy places into booming destinations…and creates huge wealth for investors who get in early.
That’s always been the mission of my Real Estate Trend Alert (RETA) group: getting ahead of the Path of Progress before the wider world catches on.
There’s no shortcut to finding these places.
You can’t do it from your laptop or your living room. It requires getting on planes, jumping in rental cars, crossing time zones, walking beaches, touring developments, and building local contacts.
That’s why my team and I spend more than $1 million on travel and research every year. We put boots on the ground so RETA members can get ahead of the next big transformations before they go mainstream.
One powerful Path of Progress I’m tracking right now is unfolding along Costa Rica’s central Pacific coast, where a once-laid-back surf town is moving rapidly upmarket.
I’ll tell you more about that in just a moment.
But first, in this week’s digest, I take you from a historic mansion in Spain’s Galicia region to one of Costa Rica’s most iconic coastal boomtowns. Now, back to the beach town where I’m about to bring RETA members a stunning true-beachfront deal….
This beach town has been drawing surfers from overseas for decades. Today, they are joined by growing numbers of well-heeled expats, remote workers, and families who come for the town’s vibrant community and beachfront living.
Where the Path of Progress Is Accelerating
In the 1960s and ’70s, this place was little more than a rough-around-the-edges fishing village wrapped in jungle. Getting there wasn’t easy. Roads from the capital were poor. Infrastructure was basic. But it had a glorious two-and-a-half mile beach with incredible surf. And surfers will go almost anywhere for the right wave.
That’s how the first trickle of international visitors arrived.
Those early surfers became the foundation of the town’s tourism economy. They rented simple rooms…opened surf camps…started beach bars and cafés. Local families adapted quickly. Basic guesthouses appeared. Board rentals. Small restaurants. A grassroots tourism economy emerged organically around the beach and the surf culture.
Then came access.
As Costa Rica gradually improved the road network connecting this town to San José, the dynamic changed. Suddenly this wasn’t some remote surf outpost anymore. It became the closest true Pacific beach town to the capital—a place you could realistically reach in a few hours from the international airport.
That kind of access changes everything.
This is a classic example of a Path of Progress. I explore this concept in more detail in this dispatch from earlier in the week.
It’s not just the natural beauty that draws people, Costa Rica is safe, stable and democratic with a huge emphasis on the protection of the environment.
VIDEO: From Surf Village to Luxury Hotspot
The town described above isn’t the only surf town transformed by a wave of international discovery.
North of it on Costa Rica’s Pacific coast, another once-sleepy beach town has undergone a dramatic evolution.
When I first visited Tamarindo years ago, it was little more than a laid-back surf spot with gravel roads, rustic restaurants, and a long stretch of golden sand.
Today, luxury developments are rising…international buyers are pouring in…and demand continues to surge.
Earlier this week, I released my video deep-dive on this beach town in the new episode of The Ronan McMahon Report.
Click below to watch it now. And when you’re done, share your thoughts or questions in the comments. My team and I read them all.
In this new deep-dive on my YouTube channel, I take you to an iconic beach town that Hollywood discovered in the 1990s. Click to view…
A Dream Home in the Spanish Region of Galicia
Now, across the Atlantic…
A few years ago, almost nobody outside Portugal was paying attention to Caminha—the historic Atlantic town near the Spanish border where the River Miño meets the ocean.
That’s when I bought there myself.
A 5,000-square-foot historic mansion for just €410,000.
Today, scarcity is driving demand. I estimate the property is now worth around €1 million…possibly more. And recently, a single six-night August booking brought in enough rental income to cover three months of mortgage payments.
Now I find myself increasingly looking across the river—to Galicia, Spain.
Because while northern Portugal has already seen a major wave of international discovery, parts of coastal Galicia still offer the kind of value that’s become increasingly hard to find on the Portuguese side.
In this week’s featured listing, I share a remarkable historic mansion overlooking the river that separates Portugal from Spain.
This large historic mansion overlooks the river that separates Portugal from Spain. Get all the details here.
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 comment I got from a viewer of my YouTube channel recently in response to my video about Kotor in Montenegro, where an incredible new riviera is emerging…
If you missed it, you can watch that video here.
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.
