Algarve rock - coast in Portugal

Portugal’s Algarve Versus Spain’s Costa Del Sol—Finding The Best Value

Plus: The Path Of Progress In Tulum

April 7, 2015 Algarve, Portugal €1=US$1.08

Dear Overseas Property Alert Reader,

When it comes to sun, sea, and sand, southern Europe offers two attractive options on its warm, southern coastline that are known throughout the world—Portugal’s Algarve and Spain’s Costa del Sol. Each share a similar history of Roman and Moorish patrimony, excellent fresh seafood, and sunny idyllic climates. Owning a property and living in either of these locations would be a dream for almost anyone.

However, the property markets of the two regions differ in both value and affordability, with the Algarve being a better choice for those who want to live in the sunshine.

Let’s take a look at both of these popular regions. Continue reading

Prelaunch offer with 0% financing on the Riviera Maya

Plus: Can I live here for US$730 per month?

All properties in this article are priced in U.S. dollars.

I’m writing today to tell you about a limited-inventory opportunity that just came onto the market. If you’re interested, you can save up to 25% (as much as US$30,000) as an Overseas Property Alert reader—if you’re among the first 15 cash buyers.

This offer will be sent to readers of Overseas Opportunity Letter next week, but I wanted to extend it to you first, before it went to the general population.

The opportunity is a prelaunch offer for the Los Árboles Cobá project. The project is located on Mexico’s Riviera Maya on the Yucatan Peninsula, south of Cancun.

Los Árboles Cobá is a sustainable, off-the-grid community, which nonetheless offers amenities like high-speed Internet, phones, and satellite TV. The lots are large tracts of old-growth jungle with very low development density—less than 15% of the property.

Note that when I use the term “sustainable, off-the-grid” I’m referring to a property that can function without any connection to public utilities, located in an area with an all-year growing season.

Los Árboles Cobá will appeal to those who enjoy a lifestyle among nature and wildlife, in a home that will function comfortably with no connection to the outside world. It will also appeal to investors looking for an early-in, special offer with resale in mind.

I like the project for four basic reasons:

  • The market in this area is performing well, and has been for several years.
  • The nearby sister project of Los Árboles Tulum was a popular seller, has a number of homes constructed with North Americans in residence, and made money for early buyers.
  • The developer has a solid track record of success for this type of project.
  • The entry point for buyers and investors is low—less than US$37,000.

Let’s take a look at the details. Continue reading

Colonial homes from US$37,000 in a top expat haven Plus: Finding casinos in Latin America

April 29, 2014

Granada, Nicaragua

Property in Nicaragua trades in U.S. dollars

Dear Overseas Property Alert Reader,

Many of us dream of living in a Spanish colonial city…and of owning a Spanish colonial home, with its high ceilings, painted tiles, and a private center courtyard. If you count yourself among this growing number, then you’ll find no better place to buy than Granada, Nicaragua.

In Granada, you’ll not only find one of the best preserved Spanish colonial centers in the Americas, but you’ll also discover colonial-style properties starting at just US$37,000.

Founded in 1524, Granada claims to be the first European city founded in mainland America…so it’s a truly old colonial city rather than a semi-modern lookalike. It’s named after the ancient city of Granada, Spain, and shares some of that city’s Moorish architectural influence.

Granada sits at the north end of Lake Nicaragua, with beaches near town, and a group of small private islands just offshore. It lies just south of the well-known Lake Apoyo, Nicaragua’s largest volcanic crater lake. Continue reading

Surf, sunsets, and sea breezes on Panama’s most beautiful stretch of Pacific coastline

April 22, 2014
Panama City, Panama

US$1 = 1 Panamanian Balboa (fixed)

Dear Overseas Property Alert reader,

Lot #6…it’s the best one on the property.”

That’s what I said to myself as I watched the pile of grilled chicken breasts and spareribs disappear from the flaming barbecue grill at our hilltop lookout. As the sun made its way slowly toward the Pacific, the 17 of us juggled maps, plot plans, and price lists while enjoying a late lunch and absorbing the feel of the property and the inspiring view.

We’re taking in the vista from one of the high points at Los Islotes, a master-planned community located on the westward-facing side of the Azuero Peninsula, also called the Sunset Coast, more than an hour off the Pan-American Highway at Santiago.

The ride from the highway seemed to take forever in my hurry to get to the project.

But I was missing the point. As I spoke to the Los Islotes property owners and some of the local expat residents, I realized that they didn’t want to be near the Pan-American Highway, or Panama City…or any other source of noise, pollution, or traffic.

The people in this area are here for the peace and quiet. It’s the relatively remote setting, the quiet beaches, and the wild, natural environment that brought them here in the first place. So the ride down from the highway only reinforces the fact that they’re leaving the stress and bustle of the real world behind.

One unique feature of the Los Islotes property is the dramatic, hilly terrain leading right up to the ocean. The hills and valleys prohibit a boring, row-upon-row layout when planning the homesites and allow the houses to be tucked here and there among the hills. This means that there are scores of ocean-view properties with relatively unobstructed sea views…without having to look at the back of someone else’s house. Continue reading