From tropical island paradises to mountain retreats, people are seeking a luxurious and comfortable way of life that combines the amenities of a five-star hotel with the convenience and privacy of a private residence. These communities typically offer a range of recreational activities, such as golf courses, tennis courts, spas, and fitness centers, as well as dining and entertainment options. The appeal of resort-style living is evident in the fact that many of these communities are sold out before construction is even complete. This lifestyle trend is not limited to any specific region, as there are resort-style communities popping up in all corners of the world, catering to those who desire a more relaxed, carefree way of life.
Here are some of the best places around the world to invest in when you’re interested in resort-style living:
- Bali, Indonesia: Bali is a popular destination for tourists seeking sun, surf, and relaxation. The island is home to stunning beaches, lush tropical landscapes, and a rich culture. Bali’s real estate market is also relatively affordable compared to other resort destinations. Investors can purchase villas or condos in popular areas like Seminyak or Canggu and rent them out to tourists year-round.
- Phuket, Thailand: Phuket is another popular destination in Southeast Asia known for its stunning beaches, vibrant nightlife, and luxurious resorts. The island has seen significant growth in its real estate market over the past few years, with developers building new condominiums and villas to cater to the high demand from foreign investors. Phuket’s real estate market is more expensive than Bali’s, but still offers good value compared to other resort destinations.
- Marbella, Spain: Marbella is a resort town located on the Costa del Sol in Southern Spain. The town is known for its luxurious beachfront villas, golf courses, and Michelin-starred restaurants. Marbella’s real estate market has rebounded strongly in recent years after the global financial crisis, with foreign investors accounting for a significant portion of the market. Property prices in Marbella are on the higher end, but investors can expect strong rental returns from short-term rentals.
- Cabo San Lucas, Mexico: Cabo San Lucas is a popular resort town located on the southern tip of the Baja California peninsula in Mexico. The town is known for its warm climate, stunning beaches, and world-class fishing. Cabo San Lucas’ real estate market offers a range of options, from affordable condos to luxury villas. Investors can expect strong rental returns from short-term rentals, particularly during peak tourist season.
- Algarve, Portugal: Algarve is a region located on the southern coast of Portugal. The region is known for its stunning beaches, golf courses, and upscale resorts. Algarve’s real estate market is relatively affordable compared to other resort destinations in Europe, with a range of options available for investors. The region also offers strong potential for capital appreciation, particularly as more tourists discover this hidden gem.
In conclusion, investing in resort-style living can be an attractive option for those seeking a luxurious lifestyle or a potential source of income through rental properties. Contact a Romano International agent to make it a reality.
