Southeast Asia is located at the crossroads of some of the world’s busiest shipping routes, making it a strategic location for businesses. It consists of 11 countries, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar (Burma), the Philippines, and Singapore.
The ASEAN Economic Community (AEC) was established in 2015 to encourage free trade and economic cooperation among the member countries. As a result, there has been a significant increase in investment and trade in the region.
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Southeast Asia is also home to many expatriates from all over the world. Moreover, the cost of living is relatively low compared to developed countries, making it an attractive destination for retirees and digital nomads. It’s also an excellent spot for future investments.
Southeast Asia is a region that is growing both culturally and economically. So if you’re looking for a place to invest in real estate, it’s a great region to consider. There are many reasons why Southeast Asia makes an excellent place to purchase property, one of them is low prices.
Cheap Properties
One of the reasons that Southeast Asia is such an attractive region for real estate investment is because property prices are relatively low. The growth within this region is attributed to the low cost of living, significant property developments, and low cost of materials. Many of the countries in this region are selling the cheapest properties, but here are the two countries you should spend your money on.
Vietnam
The cost of living in Vietnam is 48% cheaper in the United States, and rent is at a low point, with rental properties costing only around $400. Therefore, purchasing multiple rental properties here can give you a lot of gains in the long run.
Ho Chih Minh City, also known as Saigon, and Hanoi, are the best cities to purchase properties in.
Philippines
The Philippines is gaining a lot of attention from western investors as the city becomes more modernized. As a result, prices for city apartments start from as low as $1,000 per square meter. You can even find lower prices outside of the city.
The cost of living within the country is much cheaper than in the United States, but not so cheap that it devalues rent. Compared to Vietnam, where you must make multiple property purchases to gain money, you only need to have one or two rental properties in the Philippines to make your money back.
The best area to do this is in Manila, in Mandaluyong. Mandaluyong is a known hub spot for many workers. A condo in Mandaluyong is also reasonably cheap but has a luxurious design compared to other properties in more affordable areas. Moreover, its location makes it easy for your tenants to commute to work, making it a prime spot for rental properties.
Growing Economy
Not only is Southeast Asia a cheap place to buy property, but it also has a growing economy. Therefore, it makes it the perfect place to invest in real estate, as your investment will likely increase in value over time.
A growing economy means there will be an increase in demand for housing, and as a result, prices will go up. It’s already happening in some of the major cities in Southeast Asia, such as Bangkok and Kuala Lumpur.
As more people can afford more expensive housing, there will be a need for luxury rental properties, which you can provide.
An increase in trade and investment is also likely to occur as the ASEAN Economic Community (AEC) matures. In addition, it will lead to a rise in tourism, which will benefit the hospitality industry.
Strategic Location
Southeast Asia is located in a strategic location, making it a prime spot for businesses. In addition, the region is close to major markets such as China, India, and Japan. It makes it easy for businesses to set up regional operations and export their goods to these countries.
Having property in these countries means having a place where you can do business. It’s a perfect location for setting up a base of operations or even just a place to store your goods.
The region is also well-connected, with many airports and seaports. This makes it easy to transport goods and people around the region.
Favorable Weather
The weather in Southeast Asia is generally tropical, which means it’s warm all year round. This makes it a great place to live in, as you don’t have to worry about the cold winters.
The weather is also favorable for businesses, as there are no disruptions due to extreme weather conditions. Therefore, it is an ideal place to do business as you can operate all year round without interruptions.
Southeast Asia is a great place to invest in real estate. The region has a lot to offer, and it will only get better in the future. So getting a property in Southeast Asia is a wise investment you won’t regret.
