Owning property overseas is an excellent mechanism for protecting & diversifying your wealth, not to mention a great improvement on your lifestyle. Buying property overseas also offers you the opportunity to obtain residency in most cases easier & quicker.

Top 10 Locations for Overseas Property Investment

10. Barcelona, Spain

A beautiful city, which probably explains why Barcelona is looking a better bet than the still struggling Costas. Property transactions are up by 250% on a year ago. The Spanish government is wooing overseas buyers, and stylish two-bedroom apartments in classic buildings are available for about £400,000. This could be the perfect time to invest in a buy-to-let property in a landmark European city.

9. Bahamas

For a tropical way of life and zero tax liability – consider The Bahamas. Nassau, the capital, is a 30 mins flight from Miami, the USA mainland. The population of the Bahamas is 300,000, with a stable democracy and good infrastructure. Housing is surprisingly more affordable than most would expect GBP 100k (USD150k) for an ocean front apartment in Grand Bahama, and is an excellent & safe location to live with a family. It is not too difficult to get a work permit and visa.

8. Grenada

Grenada only accounts for a small share of the Caribbean market, but Ray Withers of Property Frontiers reckons now is a good time to buy on the Spice Island: “The government is about to introduce a Citizenship by Investment scheme, which should attract a new wave of wealthy buyers,” he says. Property prices soared in St Kitts and Nevis, another little-known Caribbean bolt-hole, when a similar scheme was launched. A Two-bedroom villa overlooking Grand Anse beach goes for GBP 395k (USD 600k)

7. Algarve, Portugal

The Algarve region of Portugal offers low real estate costs compared to the rest of coastal Europe. For GBP 165k (USD215k) you can have a home on the ocean in a first world country, with good quality infrastructure. With no foreign ownership restrictions, stunning cliffs and picturesque beaches, Algarve has become a prime waterfront spot for international homebuyers. Golden visa residency available for non EU buyers.

6. Montenegro

Tourist numbers in Montenegro are expected to grow faster than in any other country in the world, according to the World Travel and Tourism Council. And a knock-on effect on the property market seems inevitable, says Aleksandar Kovacevic of Savills Montenegro. He forecasts a 10 per cent growth in house prices this year. With the property market still in its infancy, expect better value for money than in neighbouring Italy or Croatia. Two-bedroom coastal villas with pools GBP 335k (USD 550k)

5. Mauritius

Mauritius is a niche destination, but has a strong rental market. Overseas buyers qualify for residency and associated tax benefits. The island has gone from strength to strength in the past few years, with more and more high-quality golf courses alongside idyllic sun-drenched beaches. Two-bedroom apartment at the Anahita resort on the east coast GBP450k (USD700k)

4. Ambergris Caye, Belize

The largest island in Belize, there aren’t many homes you wouldn’t consider “beachfront.” Its mild weather, tropical landscape and numerous recreational opportunities make it a highly sought-after destination for real estate investors and vacationers. Belize benefits from its tax haven and easy residency status. It is less expensive than similar Caribbean locations. A two-bedroom beachfront condo at GBP 150k (USD 250k) or a one-bedroom condo just off the beach for GBP 100k (USD 150k).

3. Malta

The three-island nation of Malta is a First World jewel in the middle of the Mediterranean. An EU member where English is almost universally spoken by the multilingual population, Malta is close to a complete package. Health care is superb, and all Europe is a quick plane hop away. Great tax benefits available for resident. A two bedroom apartment in one of the world’s most historic cities, Valletta, GBP 200k (USD 300k)

2. Panama

Panama might not have the same ring of romance as other Latin American destinations – except for hat-fanciers, perhaps. But it is looking like an increasingly sound bet for the enterprising investor in property. The country enjoys stable government and had a higher GDP growth rate than China in 2012. There is a thriving entrepreneurial environment, easy residency permits and the tax-free zone of Colón is another huge draw. A Beach duplex in a gated community at Coronado goes for GBP200k

1. Medellin, Colombia

The “city of eternal spring” in Colombia, is still trying to overcome its association with the now-deceased drug lord Pablo Escobar. The good news for homebuyers is that this unfortunate history kept the city’s real estate prices low compared to the rest of the country — and now it’s a lot safer to live there. Despite the fact that prices are increasing an average rate of 8% each year, you can still find a good two-bedroom apartment for less GBP 70k (USD 100k).

The incredible transformation of Colombia’s second-largest city is garnering attention from both adventure-loving tourists and retirees. It’s a great time to invest in real estate there, particularly in the El Poblado neighbourhood.