Real Estate in Peru As an Investment

Isn’t it about time you thought about your future? What will the country be like in 10 or 20 years? What will become of Social Security? Will you make enough money in retirement to actually retire or will you have to keep working? These are some serious questions to consider. However, there may be one convenient and very sunny solution: Peru real estate for retirement. Peru, you ask? You have probably never thought of Peru outside of a game of RISK, or perhaps from your last South American vacation. However, Peru is a great idea for a retirement real estate investment. This applies whether you have saved money to invest right now, or would like to invest using your IRA or 401 K accounts.

What is so special about Peru? This South American country has the privilege of facing the South Pacific Ocean while touching the Andes mountain range. The cultural identity of the country is certainly diverse, while ancient landmarks provide some of the country’s most amazing feature attractions. One of the most famous locations in Peru is Machu Picchu, the ancient ruins of the Inca civilization. The great thing about Peru real estate is that you can buy property for your own leisure, for part time rentals or for full time rentals. There are large properties for sale for millions of dollars or smaller country homes for as low as $16,000. With the American economy stumbling, many are finding it advantageous to invest in foreign property, instead of holding their American fortunes and watching them shrink in value. Whether you plan to pursue tourism or housing for local residents, you have your work cut out for you. There are over 28 million Peruvians and 40% of the population is around the poverty level.

At the same time, you can’t underestimate the beauty of Peru, including the tourist infrastructure that you can find, such as vacation villas for sale, boutique gardens, wine grape vineyards and beach resorts. In many ways, Peru real estate is a win-win situation. You are investing in another market outside the U.S., so you are free from feeling the direct heat of the recession; meanwhile, you are also taking advantage of Peru’s lax tax laws and special incentives for foreign investors.

Is this legal? Yes, although it must always be emphasized that you must report all foreign bank accounts and income resulting from foreign investments. It’s true that holding offshore bank accounts in the Latin America and Caribbean region can actually protect you from losing assets and perhaps save you on some taxation. However, many people make the mistake of thinking that if you spread the wealth overseas that the records are somehow undetectable. If you are concerned about your retirement then consider buying Peru real estate whether you use your savings or perhaps your IRA account. Now is the time to start thinking about the future-and why not plan for a beautiful future in sunny, calming Peru?

Real Estate in Peru As an Investment