Best Countries to Invest in Real Estate

Choosing the right country for real estate investment can significantly impact your long-term returns. This table provides an overview of the best countries for buy-to-let property investments, focusing on rental yields, 5-year price changes, and price-to-rent ratios.

The gross rental yield figures are calculated based on median property prices and rental rates, using data from local real estate listings in key cities. This method offers a reliable snapshot of the rental market in each country.

Click on the country-specific links to explore detailed statistics for individual countries.

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Last updated March, 2025
Australia 5.04% 20x 20.06% 6.30%
Austria 3.50% 28x -2.45% 3.88%
Belgium 4.24% 24x -5.84% 3.34%
Brazil 5.28% 18x -5.10% 9.46%
Bulgaria 4.90% 22x 24.47% 2.79%
Cambodia 7.40% n.a. -26.43% n.a
Canada 5.46% 20x 16.13% 5.42%
Chile 4.73% 21x 9.26% 4.54%
China 2.62% 38x 10.83% n.a
Colombia 7.24% 14x -2.33% n.a
Costa Rica 7.27% 14x n.a. 7.64%
Croatia 4.91% 20x 31.92% 3.73%
Cyprus 4.57% 22x 7.03% 4.27%
Czech Republic 3.65% 28x 11.78% 4.77%
Denmark 4.18% 25x 7.74% 4.75%
Dominican Republic 6.74% 15x n.a. 12.43%
Egypt 5.52% 17x -13.34% n.a
Estonia 4.51% 22x 19.19% 5.20%
Finland 4.93% 20x -11.06% 3.67%
France 4.70% 22x -1.45% 3.33%
Georgia 7.53% 13x n.a. 11.59%
Germany 3.69% 27x -4.80% 3.71%
Greece 4.73% 21x 32.87% 3.83%
Hong Kong 3.88% 28x -29.04% n.a
Hungary 5.11% 17x 17.88% 7.01%
Iceland n.a. n.a. 26.40% n.a
India 4.98% 20x -8.98% n.a
Indonesia 6.12% 18x -4.27% n.a
Ireland 7.76% 12x 17.42% 3.99%
Israel 2.76% 36x 28.50% 5.16%
Italy 7.56% 14x -2.79% 3.31%
Japan 4.20% 23x 31.88% n.a
Kazakhstan 10.59% 10x -9.85% 10.80%
Latvia 8.06% 12x -22.93% 5.21%
Lithuania 6.39% 16x 14.66% 5.02%
Luxembourg 2.67% 37x 1.36% 3.81%
Macau 1.81% n.a. -23.65% n.a
Malaysia 5.24% 19x 0.93% n.a
Malta 4.08% 27x -4.57% 1.82%
Mauritius 3.52% n.a. n.a. n.a
Mexico 6.13% 18x 15.27% 11.42%
Moldova 8.38% 15x 0.51% 7.13%
Monaco 3.02% 40x n.a. n.a
Montenegro 5.61% 18x 26.93% 5.07%
Morocco 7.91% 13x -20.26% n.a
Netherlands 6.21% 17x 19.81% 3.85%
New Zealand 4.21% 23x 6.80% 8.11%
North Macedonia 6.47% 17x 13.77% n.a
Norway 4.28% 24x 2.55% 4.21%
Pakistan 6.24% n.a. -29.72% n.a
Peru 6.13% 17x -18.64% 7.40%
Philippines 5.36% 19x 1.10% n.a
Poland 6.03% 17x 19.56% 7.80%
Portugal 4.96% 18x 48.07% 3.47%
Puerto Rico 5.26% 14x 26.69% n.a
Qatar 5.13% 18x -12.38% n.a
Romania 6.55% 15x 9.30% n.a
Russia 6.44% 16x 31.76% n.a
Saudi Arabia 6.75% n.a. n.a. n.a
Serbia 7.04% 18x 13.71% 6.03%
Singapore 3.40% 23x 16.84% n.a
Slovakia 5.29% 19x 20.14% 4.14%
Slovenia 4.50% 22x 25.96% 3.44%
South Africa 9.96% 10x -12.59% 11.75%
South Korea 4.29% 23x 7.03% 3.72%
Spain 5.60% 17x -1.41% 3.27%
Sweden 5.64% 18x -4.65% 2.78%
Switzerland 3.04% 33x 19.43% 2.08%
Taiwan 2.15% 47x 41.73% 2.19%
Thailand 6.17% 16x 8.66% n.a
Tunisia 5.24% 19x -5.36% n.a
Turkey 7.41% 14x 111.55% 41.52%
Ukraine 7.43% 13x -6.86% 8.32%
United Arab Emirates 4.87% 19x 48.38% n.a
United Kingdom 6.73% 14x 0.08% n.a
United States 6.10% 16x 24.92% 6.43%
Uruguay 5.37% 19x -16.71% n.a
Vietnam 3.16% 26x 31.05% n.a

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Historical & Current Rental Yields
Historical & Current Purchase Prices
Historical & Current Rent Prices
Historical & Current m2/sqft Prices

Our Long Term Investment Rating is based on many factors:

  • Gross rental yield
  • Income tax
  • Capital gains tax
  • Round-trip transaction costs
  • Potential landlord and tenant problems
  • Long-term GDP growth
  • Potential over-supply
  • Affordability
  • A view of long-term appeal to investors

For an explanation of the research and data on which the table is based, see DATA FAQs

Additional Global Data Comparisons

Square Meter Prices
Rental Yields
House Price Indices
Rent Price Indices
Median Property Prices
Median Rent Prices
Mortgage Interest Rates
Property Taxes
Rental Income Taxes