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The Best Places in The World To Invest In Real Estate in 2023 Outside the US

Real estate investment has long been considered one of the most profitable and stable investment forms. While the United States has traditionally been a popular destination for real estate investments and investors from across the world, the global market offers a wide range of lucrative opportunities.

In this article, we will explore some of the best places to buy rental property outside of the United States for a potential real estate investment in 2023.

Each of these cities and regions has shown remarkable growth potential and favorable investment climates, making them attractive options for those looking to invest in property, rental homes, land, or other real estate ventures not only in 2023 but beyond.

Playa del Carmen, México

Located along the stunning Caribbean coast of Mexico's Yucatan Peninsula, Playa del Carmen has experienced significant growth in recent years.

With its beautiful beaches, vibrant culture, and proximity to popular tourist destinations like Cancun and Tulum, this city has become a hotspot for real estate investment. The market offers a variety of options, including beachfront condos, vacation rentals, invest in land and residential properties, making it an excellent choice for buying rental property or investing in homes.

Many investors are flocking to this area, looking for short-term rentals and capitalizing on the fact that countless American citizens favor this area for vacations year-round.

Ontario, Canada

Our neighbor to the North, Ontario, Canada's most populous province, is known for its stable economy, diverse population, and strong real estate market. Major cities like Toronto and Ottawa offer a range of real estate investment opportunities, from residential properties to commercial spaces, yet many American investors are looking towards Ontario - why?

The demand for rental properties remains high, making it a favorable location for those looking to invest in real estate. Additionally, the province's progressive laws and regulations provide a secure investment environment.

One source states that "From 2016-2021, Ontario only built 36.9 new housing units for every 100 newcomers.." This leaves a large gap in the housing market, especially when it comes to investors looking to build new construction apartments and condos. The demand for housing in Ontario will ensure a high rate of occupancy in future builds for years to come, making real estate deals that much sweeter.

Berlin, Germany

As one of Europe's most vibrant cities, Berlin has emerged as a prime location for real estate investment. The city's thriving economy, cultural scene, and growing population contribute to the high demand for properties.

Berlin offers a range of investment options, including apartments, commercial spaces, and student housing. The city's well-developed infrastructure and favorable rental market make it an appealing choice for both local and international investors.

Los Cabos, Mexico

Situated at the tip of the Baja Peninsula, Los Cabos has transformed into a luxury resort destination in recent years. The area's breathtaking coastline, excellent weather, and world-class amenities have attracted tourists and investors alike, making it one of the best places to invest.

The real estate market in Los Cabos offers opportunities for beachfront properties, vacation rentals, and high-end resorts. With the region's continued development and increasing popularity, investing in Los Cabos can be a profitable venture.

Lagos, Portugal

Lagos, located in the stunning Algarve region of Portugal, is known for its picturesque coastline, historical charm, and favorable investment climate. The city's real estate market has been booming, driven by factors such as attractive tax incentives, a growing expatriate community, and an increasing number of tourists. Portugal additionally has a high standard of living, making it an ideal vacation destination for not only other Europeans but also Americans.

Lagos offers a range of investment options, including apartments, villas, and properties near the beach. Its combination of natural beauty and investment potential makes it an appealing choice for real estate investors looking to make the leap into foreign property investments in 2023.


Renowned for its strong economy, political stability, and excellent infrastructure, Singapore has long been an attractive destination for real estate investment. Despite its relatively small size, the city-state offers diverse investment options, including residential properties, commercial spaces, and luxury condominiums.

One source states that "Singapore home prices would rise by as much as 11% for the entire year, up from a previous 10.6% gain." The government's strict regulations on property ownership contribute to a stable market, making Singapore an ideal choice for long-term investments.

South Africa

South Africa's real estate market has experienced notable growth, particularly in major urban and cultural cities like Cape Town, Johannesburg, and Durban.

The country's natural beauty, diverse culture, and improved economic conditions make it an attractive investment destination. South Africa offers various opportunities for real estate investment, including residential properties, vacation rentals, and commercial spaces. With its potential for capital appreciation and rental income, investing in South Africa's real estate market can yield favorable returns. Where one source states that the average gross rental yield is as high as 9.06% on many investment properties.

Costa Rica

Costa Rica, known for its stunning beaches, lush rainforests, and eco-tourism, has become a popular choice for real estate investment and those looking to invest in land.

The country's stable political environment, strong infrastructure, and favorable investment laws contribute to its appeal. Whether it's beachfront villas, vacation rentals, or eco-friendly properties, Costa Rica offers a range of options for investors, from beachfront homes, condos, and vacant land, to apartments. During the COVID-19 pandemic, many expats from America and other countries looked towards Costa Rica as a dream lifestyle, further elevating the level of interest in investing in this gorgeous country's real estate market,

The growing number of tourists and retirees in the country adds to the demand for rental properties, making it an enticing market for real estate investors.

While the United States has traditionally been a hotspot for real estate investment, the global market provides numerous opportunities outside its borders.

The cities and regions mentioned above offer diverse investment options and have demonstrated remarkable growth potential for real estate investors, no matter their level of experience or the size of their portfolio.

Whether you're interested in beachfront properties, rental homes, or commercial spaces, these locations provide favorable investment climates and the potential for substantial returns.

However, it's important to conduct thorough research, seek local advice, and understand the legal and financial aspects before making any investment decisions. With careful planning and a strategic approach, investing in real estate in these best places outside the United States can be a rewarding venture in 2023 and beyond.

David Price MD is the Founder and CEO of getFREED, a business providing real estate education and vetting of individual deals to help physicians and other healthcare professionals build a passive stream of income, allowing them to work less and practice on their terms.

David lives with his wife and two daughters in Atlanta, GA, USA.

To find out more about David and getFREED, head to


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