In this week’s Your Overseas Dream Home Digest…
- VIDEO: Baja’s Next Breakout Destination
- My Scouts Have Boots on the Ground in Costa Rica
- I’ll Soon Make My Annual Migration Back to Europe
- Your Questions Answered on What I Look for in a Destination
This week, I’ve been telling you about the incredible opportunity I see in Asunción, Paraguay…and why I believe it could be my biggest city discovery in more than a decade.
I’m bringing my Real Estate Trend Alert (RETA) group an exclusive off-market deal there…and I’m in.
On Wednesday, April 29, at 1 p.m. ET, the deal opens.
During my December scouting trip, I knew I wanted in.
Asunción today has that same early-stage feel I’ve seen before in places like Panama City, Medellín, and even Dublin in years gone by
Momentum is building but real estate pricing has not yet converged with this reality.
Asunción is one of the oldest cities in the Americas, with a rich heritage and a future that looks even more compelling. I’m buying because I expect values to 3X within a decade, and I can earn income along the way. RETA members will be able to get in here from just $114,548.
When perception catches up, I expect current prices will be a hard-to-believe memory. I think the economy is set to double in the next decade. The biggest upside for real estate investors will be in prime real estate.
I plan to build a portfolio here. I want full exposure to Paraguay’s phenomenal growth story.
And the best address in town—the site of the RETA deal—is the perfect place to start.
In Tuesday’s dispatch, I revealed how Paraguay has what the world needs and why I’m buying. You can read that here.
Now onto what else is happening across my beat—from my annual migration across the Atlantic to my scouts putting boots on the ground in Costa Rica. But let’s kick things off with my latest YouTube video…
The community where RETA members can buy in Asunción, will have an open-air pool, solarium, private enclosed barbecue areas, an adult games room, and a sauna on the rooftop. A lower amenity level will have a yoga/fitness room, a children’s play area, and outdoor garden. (Renders should not be considered final, but give us a great idea what to expect.)
VIDEO: Baja’s Next Breakout Destination
Every week, on my new YouTube channel, The Ronan McMahon Report, I’m releasing a deep dive about a key destination on my beat. (To get notified of every future episode, subscribe to my channel here.)
Last week’s video exploring Cap Cana has been viewed more than 54,000 times already.
And on Thursday, I released my new video, this one about La Paz.
Set on the eastern side of the Baja California peninsula, La Paz has long been overshadowed by its southern neighbor, Los Cabos.
La Paz offers the same desert-meets-ocean grandeur as Los Cabos. But at dramatically lower real estate prices.
I’ve been scouting this city for around a decade. Now, I believe it’s at an inflection point…
Click below to watch my deep-dive. And when you’re done, share your thoughts or questions in the comments. My team and I read them all.
In this latest destination deep-dive on my new YouTube channel, I take you to La Paz, which sits on the east coast of the Baja Peninsula, along a long, crescent-shaped bay on the Sea of Cortez. Click to view…
My Scouts Have Boots on the Ground in Costa Rica
Right now, two of my scouts have boots on the ground in Jacó, Costa Rica.
My editorial director Ciaran Madden and RETA photographer Noah Duethman arrived there a few days ago and have been busy meeting with insiders and checking the place out.
Jacó sits on the central Pacific coast, about 90 minutes from San José Airport — a rare combination of easy access and true beachfront living.
This town has been gentrifying and I’m closing in on a new opportunity for RETA members here. More on that soon…
You can prepare for the opportunity by checking out my Guide to Buying Costa Rica Real Estate.
This is the beach in Jacó, Costa Rica, where members of my scouting team have boots on the ground. Click here to read my Guide to Buying Costa Rica Real Estate.
I’ll Soon Make my Annual Migration Back to Europe
Ciaran and Noah aren’t the only members of my team on the move. Soon, I’ll be packing my bags too.
Every winter, I spend time at my condo in Cabo and my home in Guadalajara.
Then, when spring arrives in the Northern Hemisphere, I cross the Atlantic to spend time in Portugal and in my native Ireland.
This lifestyle means I have no need for air-con…or heating bills… I get spring-like weather and outdoor living all year round. And it means, I always have income rolling in since I rent out several of my homes when I’m not using them.
This is the boundless life I’ve built through international real estate.
Later this week, I’ll fly to Spain, which has been a key part of my beat for two decades.
Much of my focus has been on the Costa del Sol—with its glorious beaches, world-class golf, ancient towns, and around 300 days of sunshine each year.
But lately, my attention has also been drawn north and east—to the Costa Blanca.
At the heart of that coast lies Alicante.
That’s where I’m headed. After landing in Madrid, I’ll take the train to Alicante to scout the city.
Then next Sunday, I’ll fly home to Cork.
More on what I find soon…
You can read more about how I built a perfect-weather life here.
Alicante on Spain’s Costa Blanca is a charming city that combines an enviable lifestyle with serious rental potential.
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…
Maggie K. asks: When you invest in a new overseas market, what’s the first thing you look for?
Ronan says: Hi Maggie and thanks for your question. As an international real estate investor and scout, I devote myself to finding big transformations I can follow, get ahead of, and profit from.
When I’ve found a big transformation, it’s then about finding the right location, real estate, the right deal, and the right people to deal with. And getting in at the right price.
The most common transformational event is a Path of Progress.
Essentially, a Path of Progress is the collision of real estate and technology. When a technology changes where we can live or do business, it changes the rules of the property market.
Here’s an example in Paraguay…
Paraguay sits at the geographic heart of South America. It shares borders with Brazil and Argentina — the continent’s two largest economies — and another with Bolivia. Historically, being landlocked has been its biggest economic constraint. Everything moves through someone else’s ports. Everything costs more to get in or out.
That constraint is being engineered out of existence right now.
The Bi-Oceanic Corridor is a multi-country road project that will connect Brazil’s Atlantic ports to Chile’s Pacific ports via a continuous paved route through northern Paraguay and Argentina. More than 2,300 miles end to end.
The Bi-oceanic Corridor is set to link ports in Chile with those in Brazil, using Paraguay as a pivot and opening the country up to massively improve transport of food and commodities.
When complete, this corridor will give Paraguay direct overland access to both Atlantic shipping routes — serving Europe, Africa, and the US East Coast — and Pacific shipping routes serving Asia.
Analysts estimate transport costs along the corridor could fall by around 30%.
That is not a small number. In a country whose exports are dominated by bulk agricultural commodities and increasingly energy-intensive goods, a 30% transport cost reduction is a permanent structural uplift for nearly every exporter in the country.
This is just part of what makes Paraguay and its capital so compelling…and why I’m excited to bring RETA members an exclusive, off-market deal there on Wednesday, April 29, at 1 p.m. ET.
RETA members, watch your alerts…
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.
