Las Vegas! No where else on earth is like it and everyone wants to have a piece of it.
Everyone knows Las Vegas was hit hard in the US recession. Investors could not buy properties fast enough. Heck, Vegas was a candy store for a few years! But the tide is turning and while Las Vegas is still not at a peak, the give aways are almost gone. That does not mean there is no room for investors anymore... far from it actually. If investment is your goal you need to change direction, now! No more of the 1900 square foot nice neighborhood, low HOA areas that give a 12% return at under $150k. If you did not buy when these were overflowing....quit reading now - you obviously sit on the fence too long.
The newest investment is now the undervalued luxury home. The homes that were $1M and more. The waterfront, golf course and equestrian homes. These are the homes that are great buys now for future residence. Some of these are selling for millions under their pre-recession prices.
We do not want to forget the luxury High Rise either! Although you need to be careful which ones...some of the "new" Condotels (Part condo, part hotel) look good on paper, but if you have an idea of using it often it isn't always the best move. Also watch for high HOA fees and what they cover. Some seem very high until you realize they cover almost all of your monthly expenses! Be sure to check all the Rules and Regulations so you are not surprised by anything after you purchase.
The take away from this is: don't let this time of the market pass you by. Whether it is US or overseas investing, most markets have great deals right now. You just need to know where and what kind. Be sure to be in touch if you need specific market information worldwide.
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Spotlight: Las Vegas