We have seen for the past years a big increase in interest and purchase of buying properties abroad. It is a fact that the airline ticket costs of some destinations are declining and that there is a good increase in the value of real estate properties abroad. With these conditions, families are having financial capacity to take the opportunity of investing in real estate abroad. Many are aware that real estate is one investment that will give you big return in value as time goes by.
When buying or investing property abroad, one of the most important consideration is the location of the property. Europe and the Americas have been a major real estate destination but there are other places too that have similar value and can offer you other business opportunities. One of these areas is Guam, an island territory of the United States, that is now experiencing high growth and development in both economic and real estate aspects because of its strong tourism industry and military expansion.
Guam is said to be the beginning of a day in America time, with its distance of just seven hours away from Hawaii and just four hours away from Japan and other Asian countries. So the place offers both all-American benefits and a diverse international appeal from Asian and local cultures. Guam is now experiencing a robust real estate industry due to the fact that there is an expected expenditures of $15 billion for its military relocation and construction, as compared to the declining of economy and mortgage pricing in the US mainland. Many real estate investors are therefore eyeing for Guam’s expected growth and are looking for extra profits by investing in real estate in this area.
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Ideal for overseas residential location for families and business prospects for American and Asian investors is the geographic location of Guam. With modern routes directly connected to main roads, ferry ports, stations and international airport, this territory is highly accessible. With technology, telecommunication and overall industry adherent to the US standards, there is a strong competition and fulfilment of expectations in any industry as far as business climate in Guam is concern. Whether you are looking for a holiday or having your property rented out, you could use some profits when you find a Guam home for sale.
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Owning rental homes in Guam is fuelled by the increase of tourism industry with sand, sea and culture being offered by this US territory. Note that the rental income tax in this territory is very low and tenancy laws are very lenient for landlords, thus earning profits of your rented out homes comes easily.