Further Reading

Buying properties overseas is now made easier. With the increased interest in investment properties, lower air travel costs made it possible for travelers to easily visit one place to another, and more property ownership opportunities are achieved by many homeowners to cheaply buy overseas for their prospective properties. In this regard, many homeowners feel that having a second home abroad is an ideal concept that can be accomplished. These can all be seen from the immediate boom in the industry of real estate.

While Italy, Spain, Canada, France and Europe are among the most usual destinations for investors longing to own overseas properties, new real estate markets are expanding in Guam, where potential buyers are afforded incredible value homes and other real estate properties. Investment Guam properties are now prevailing due to the relocation plans for the Marine Corps personnel and their families from Okinawa. In addition, the continuous profusion in military population requires construction programs that is expected to exceed billions of dollars of expenditures and would require significant additional laborers, which in turn would require more accommodations. Due to these, Guam real estate market is poised to expand for the following years.

Another factor that contributes to the growing real estate market in Guam is its tourism industry which is noted to have 1.2 million visitors annually and is generating about $1.35 billion in revenues for the island. Guam is regarded as the quintessential melting pot that blends the flavor of American, Chamorro, Spanish, Micronesia and Asian cultures. The combination of its natural aesthetics and modern lifestyle warranted its reputation as the place to visit and to stay for life. As this island enjoys an American dollar economy and the developments in many of its industries, many investors are seeing the value of investment Guam properties and turning them into lucrative financial businesses.

With its strategic location, Guam is an ideal destination both for families and businesses. In fact, the well-developed commercial and residential sites of the island has consistently appealed to homeowners and businesses wishing to own properties abroad. The prices of residential real estate properties begins at $120,000 and increases up to $370,000 for luxury condominiums in Tumon, which is the island's major economic hub. Its residential rental property on the other hand yields monthly rents of $1,200 for town houses within small villages, and can be as high us $4,500 in Tumon.

As for commercial investment Guam properties, prices vary by location. For instance, a commercial building in Hagat±a could cost about $61 per square feet. A similar property in Tumon on the other hand may be valued at $158 per square feet. Basically, the prices of properties in Guam are comparably competitive than other overseas properties, which is why it is a suitable location for families who wish to have a second home abroad, and for businesses that wish to expand their financial reach.

Whether you are looking for commercial or residential properties to buy overseas, Guam might be the location that could offer you the best real estate prices and a whole range of other benefits. For businesses, Guam provides perks ranging from comprehensive incentive programs for businesses, a good income tax structure as well as modern infrastructures. As for families, the island holds several modern conveniences, educational system that mirrors that of the US, cosmopolitan shopping and entertainment options, and of course the peace and sincerity of the island life. Basically, Guam combines comfort, culture, style and international business standards that no other location could provide.

Whether you are searching for a residential rental property or a second vacation home that you could buy overseas, Guam is the right location to place your real estate properties. Guam is now considered as one of the major real estate hubs due to the military relocation that is expected to boost the island's economy. Investment Guam properties are now increasing in value and many investors are now looking forward to do their business in the island.