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Investing Property In Guam Makes Sense

by Alison Ward

Within the last decade we have seen significant growth in the hype, interest and purchase of investment property overseas. From the late 90's to the early part of the 21st century, we have seen surges in the value of real estate along with the decline in the cost of airline destinations. Because of these, many families now have the financial freedom to own properties overseas due to the excess equities from their existing homes. As we all know investing on real estate is a solid method to prepare for the future.

Of course, location is probably the most important factor when one considers purchasing an investment property overseas. Europe and the Americas have been the primary destinations for families who would like to own properties abroad, but why bother living in crowded places when you could actually be a pioneer homeowner in a place that is considered as the hottest real estate destination of today? Guam is an island territory of the United States that is currently undergoing exceptional growth and development in economic and real estate aspects, fueled by its strong tourism industry and military expansion.

Strategically located seven hours away from the island of Hawaii, and just four hours short from major Asian destinations like Japan, Guam is acknowledged as the frontier where America's day begins. That is, it enjoys a US dollar economy, and is a major melting pot for diverse backgrounds as seen from its rich Asian and local Chamorro cultures. Though the US mainland is currently experiencing declines in economy and mortgage pricing, Guam is encountering strong real estate industry credited to the military relocation and construction that is expected to bring about $15 billion of expenditures. As such, many real estate investors are eyeing for Guam's expected growth and are looking forward to earn profits by owning an investment property overseas.

The strategic location of Guam is what makes it the perfect overseas home destination for families and business hub for Asian and American investors. The place is highly accessible considering that it is surrounded by many routes of swift access towards main roads, stations, ferry ports and international airport. Considering that its telecommunication, transportation, technology and entire economic facets are based from US standards, the business climate in this area is highly competitive and could fulfill differing industrial expectations. Hence, if you are to purchase a Guam home for sale, you will not only enjoy the pristine appeal of the location but also be able to take advantage of the business opportunities it offers.

Rental properties in Guam are also considered as hot commodities nowadays. The rise on the sales of Guam rental homes could be credited to the increased volume of tourists visiting the island to enjoy its panoramic beaches and culture. In addition, rental yield is up to 14%; a 220 meter residential home could earn a monthly rent of $3,000, while an 80 meter property could earn $700 per month. The rental income tax in Guam is very low and its tenancy laws are very amiable to landlords; hence, earning profits from rental could be a good business in Guam.

All in all, the real estate market in Guam will profoundly increase for the years to follow as more and more investors are taking notice of its business potentials. By all means, this is the right time to cash your money in for an investment in Guam. If you decide to purchase a Guam home for sale, there are many estate agents who are willing to help you find the right investment in the island. Based from the island's accessibility, rich culture, business opportunities and uncapped economic growth, purchasing a home in Guam is one sure investment that you would never regret.

When buying an investment property overseas location is a primary factor to consider. Guam is currently in the period of strong growth and development in the field of real estate, making it an ideal location for investments properties. In fact, Guam home for sale as well as rental properties have now turned into a big industry, as they are expected to earn huge amount of profits once the military expansion is carried out.

Published August 16th, 2010

Filed in Real Estate