The best places to buy overseas
In this article, we tell you about the best places to buy overseas. Here are the 4 best places to buy in the French overseas departments and territories.
Investing in real estate is a project that attracts the attention of thousands of people. And to achieve this, it’s essential to choose the right property, but above all the right location. Many people from mainland France choose to settle in the French overseas territories because of the mild climate and the activities they can develop there. In some countries, rental yields far exceed those in mainland France. Here are the 4 best places to buy in the French overseas departments and territories.
Reunion: a booming island paradise
With a population of around 800,000, Réunion Island is a world-famous destination. It is France’s most populous overseas department, with the majority of its population concentrated in the cities of Saint-Denis and Saint-Pierre. Réunion is also the French overseas department with the most stable economic situation, which is why it ranks number 1 in our ranking.
With 10% of the island’s population coming from mainland France, it’s not for nothing that they’ve decided to stay for good. Reunion Island’s extraordinary seascapes and tropical climate appeal to mainlanders. As one of the world’s most popular tourist destinations, this French overseas department continues to develop economically. Employees earn a higher salary than in mainland France. Real estate offers are more attractive and affordable.
Guadeloupe: a land of marvellous landscapes
Guadeloupe tops the list of popular tourist destinations. This attraction touches millions of metropolitans every year, some of whom spend their vacations here, while others decide to make it their home. This overseas island offers its inhabitants a pleasant climate and heavenly landscapes. This makes it an excellent place to buy.
Tourism is the main source of income for this fabulous island. Agriculture and the export of sugar cane, bananas, vanilla and cocoa also contribute to the country’s economic growth. Although the cost of living is slightly higher than in mainland France, the wages earned by workers are higher. If you have specific qualifications or skills, you’ll easily find a good job here. Owners of restaurants, boutiques and aquatic centers will benefit from the year-round tourist trade.
Martinique: a DOM with a maritime climate
Martinique is part of the famous French West Indies, and it and Guadeloupe are the only French overseas departments in the group. Unlike Reunion, this island’s population is declining, making it a promised land for most mainlanders. The main asset of this territory is the freedom it offers its inhabitants, where daily life is festive and joyful.
With its maritime climate, Martinique allows its guests to live year-round under the sun. The island’s weather is one of the reasons why mainlanders settle here, as winters are mild. The only drawback is that, as in Guadeloupe, the cost of living is higher. However, the salaries on offer are considerably higher than those in mainland France. What’s more, the real estate on offer is diverse and very affordable.
French Guiana: a large coastal and forested territory
French Guiana is the only French overseas department that is not an island. This French territory is located in the north of South America, surrounded by Brazil and Suriname. Despite its vast size, it only has a population of around 250,000. Most of them live in the towns of Cayenne, Kourou and Saint-Laurent-du-Maroni. The rest of the country is covered by the famous Amazon rainforest, prized for its thousands of rare species.
The population of French Guiana is not a cause for concern; on the contrary, it’s good news for people wishing to settle there. The island’s reputation stems from its exceptional natural resources, including the coastal strip, which is an excellent fishing ground, and the gold-rich subsoil. The area is also known for its Guiana Space Center, a tourist destination welcoming 25,000 visitors a year. It is the only space center in the world to open its doors to the general public. Three rockets can be seen here: Ariane, Soyuz and Vega.
These 4 areas are great places to live, with high real estate profitability for those wishing to invest. What’s more, investing in overseas real estate allows you to benefit from considerably lower taxes. In addition to their already attractive present, Réunion, Guyane, Guadeloupe and Martinique are preparing an even better future.