Greece faces a great crisis today and its real estate is about to get dirt cheap. The country is in a classic “blood in the streets” situation…one that looks so hopeless that the public believes only a fool would want to buy real estate in the shadow of Athens' Acropolis or on one of the country’s stunning Aegean islands.
Over the past four years we have done well in Brazil. We have profited from the country's new middle class by getting involved with early-in real estate projects.
I’ve just returned from a scouting trip to Roatan—the largest of Honduras’ Bay Islands.It’s located off the Caribbean mainland coast. La Ceiba is the closest mainland city. The island is 37 miles long and five miles wide at its widest point. This is a picture perfect Caribbean island
Everything is modern, new, and shiny. The Malaga airport is state of the art. New highways propel drivers west to Marbella, on to Gibraltar and toward Portugal.
Just over a decade ago Argentina spectacularly unraveled with the biggest default in history—$100 billion. Dollar deposits were converted to pesos. Then, overnight, the peg of one-to-one with the dollar was broken.
Medellin, Colombia is an extremely pleasant city of 2.5 million people (3.5 million if you include the outer valleys). At 5,000 feet elevation, the weather is perfect. Most days have sunshine and temperatures in the 70's.
If you are new to our group let me bring you up to speed on Costa Rica’s Southern Zone and the Pacific Lots project. Here you’ll find a bright, thick, green jungle canopy that rolls down to a coast of sandy beaches and rocky points. It’s truly stunning. While prices in the north soared…prices here stayed low.
A new and excellent road means that Las Terrenas is now only one hour and 45 minutes from Santo Domingo.
Lake Arenal, Costa Rica has been overlooked. I can’t explain why. I can see no good reason. It’s just one of those anomalies. It’s stunningly beautiful. The weather is near perfect. The community of locals and expats is welcoming and friendly. The road here is good and you don’t want for any modern conveniences or amenities.
Warren Buffett is the world’s richest and most successful investor. He looks for businesses with what he describes as “barriers to entry”. That’s something special or unique that insulates them (and their margins) from the ravages of competition. On my beat of scouting for undervalued international real estate, I look for property opportunities with similar protections. Nothing undermines real estate appreciation potential like a flood of supply. This reports explains where to find barriers to entry on the global real estate market and how to profit from them.