U.S. citizens who want to invest in Anguilla can buy up to half an acre of land. The land laws require one to build an external floor area of 2000 sq. ft. The construction must be complete within 18 months after receiving the Alien Landholding License.
As an independent commonwealth country, Barbados is in the sights of many U.S. citizens seeking to invest abroad. What makes this location attractive to investors is its beautiful warm weather, thriving tourism culture, and distance from the U.S. A flight from New York to Barbados takes about five hours.
Tourism is the leading revenue earner for Barbados. The locals are welcoming and ever-ready to socialize.
To buy real estate in Barbados, non-residents must seek permission from the Caribbean Country’s Central Bank. Should you skip this step, your purchase is rendered null and void.
The Bermuda currency is directly tied to the U.S. dollar. This explains why you can use the U.S. dollar in Bermuda without issues.
Bermuda is a distinct tourist destination with the most attractive beaches, beautiful culture, and modern infrastructure. Thousands of tourists visit this paradise island every year.
There are plenty of U.S. citizens already living in Bermuda. Bermuda is a high potential location for investors to avoid lengthy processes in their quest to purchase property here.
The Cayman Isles
The Cayman Brac, Little Cayman, and Grand Cayman make up the Cayman Isles. It has a paltry 55,000 people and is the closest Caribbean location to the United States.
If you are a U.S. citizen purchasing property in the Cayman Isles for personal use, you will have a smooth, stress-free process during the transaction. However, if you want to buy a commercial property, you may become frustrated. The process is lengthy, and there are numerous requirements you must present to the relevant authorities before successfully buying a commercial property.
A good fraction of Americans and Canadians visit Mexico either as tourists or as permanent residents after retirement. Mexico’s growth rate has been constant as more U.S. citizens seek to invest in local tourism.
The laws of Mexico prevent foreigners from purchasing properties less than 31 miles from the coast. Also, you cannot buy real estate if the property you want is 62 miles or a shorter distance away from the international border. However, should you seek to buy any property via the Mexican Corporation or the Mexican Land Trust, these rules don’t apply.
Turks and Caicos
Located north of the Dominican Republic, Turks and Caicos is an excellent place to purchase a property. The pristine beaches, warm climate, ocean views, and unchartered territories make this land ideal for U.S. citizens who want to change their scenery. It’s also ideal for people planning to set up hotels and beachside villas to offer accommodation for visiting tourists.
Turks and Caicos have banks that do not mind lending to non-residents. Investing in property, especially in more developed areas like Providenciales Island, sets you up for future success. The island of Providenciales features infrastructure, accommodations, stores, and utilities that show its exponential potential to grow.
Real estate prices here differ depending on the location of the property you want to buy. The less developed and further away the property is from the main island, the cheaper it likely is.
What is the easiest European country to buy property? ›
Portugal is the easiest European country to buy property in. Those who wish to purchase property in Europe can purchase commercial property under Portugal's Golden Visa scheme.Where is the easiest place to buy property abroad? ›
- Spain. No change at the top – and let's just say Spain seems a lot more secure in this spot than Boris Johnson. ...
- France. Solid and immutable as ever – it's France in second place. ...
- Portugal. ...
- Cyprus. ...
- Greece. ...
- Italy. ...
- Florida. ...
Overseas people usually cannot buy a house or land in New Zealand. If you have a residence class visa but you are not yet 'ordinarily resident', you can buy or build one home to live in as long as you get consent from the Overseas Investment Office before you buy. You can apply for pre-approval that lasts up to a year.Can a US citizen buy a house in Italy? ›
There is no limit on US citizens buying or selling properties in Italy thanks to something called mutual agreements. These apply between Italy and foreign citizens meaning that you don't need any special documents or pay higher taxation on property when compared to citizens from within the EU.Can a US citizen buy a home in another country? ›
Yes, you can get a mortgage for a property in another country. The bank or lender will need to have an overseas presence in order to assist you with getting an international mortgage.