Editor’s Note: This story originally appeared on Live and Invest Overseas.
A few years ago, I had a conversation with a fellow real estate investor about his rental properties.
He had bought multiple apartments in three locations and was happy with them all. They were returning good yields, and values were holding up in U.S. dollar terms, despite currency fluctuations in the two markets that weren’t in U.S. dollars.
The three markets are St. Petersburg, Russia; Santa Marta, Colombia; and Panama City, Panama.
A while back, I ran into my colleague and got an update. All three markets are still renting well. However, due to the pandemic and the war…
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