From Morocco to the Bahamas, here’s where luxury real estate experts say you should buy your next property.Real estate investors are always looking for the next up-and-coming place to buy—and experts from Christie’s International Real Estate have scoured the globe for the hottest new spots. From Lake Tahoe to Belize, here are five places you should buy real estate, according to the experts.
Aerial view of the Bahamas
Abundant white-sand beaches and crystal-clear waters have long lured many to the Bahamas. But even more enticing for homeowners are the island nation’s low taxes and promise of privacy.
In January, Morocco rejoined the African Union after a 33-year absence—a move likely to bolster the nation’s financial and economic stability. Dating back to 1062, the medieval city of Marrakech—a kaleidoscope of markets, historic mosques, and fragrant gardens—has high-end homes at relatively low prices, offering ideal opportunities for investors.
Washington D.C. real estate
Affluent millennial buyers drawn by the strong job market and award-winning schools in the Washington, D.C., metro area are moving the city’s valuation needle: Million-dollar-plus home sales have increased 7 percent since last year.
Blackadore Cay, Belize
Last fall, the actor Leonardo DiCaprio received the green light to build an eco-friendly resort on Blackadore Caye, an island off the coast of Belize. Experts believe luxury buyers interested in sustainable living will soon follow suit.
Lake Tahoe Located 3.5 hours from San Francisco, the Lake Tahoe region—a freshwater reservoir and alpine community that straddles the border of California and Nevada— is attracting Bay Area tech workers as well as telecommuting millennials and boomers. Hiking, windsurfing, and skiing are draws; not surprisingly, most of the properties are second and third homes.