Tips for San Marino real estate investors

San Marino real estate investors looking to the international market for opportunities will want to do their homework before jumping in. Everything from researching where global real estate hot spots are for growth to where the most overvalued and undervalued property exists is important. Today, I’m  writing about overvalued  homes around the world.

Overvalued property

A report in RealtorMag highlights the most overvalued housing in the world -- with the No. 1 spot going to Canada. By contrast, US homes are found to be undervalued by 6 percent. No doubt, our burst housing bubble helped contribute to that.

The article is based on a new report from Deutsche Bank that took a look at housing markets among 20 developed countries. Homes in Canada were reportedly overvalued by 60 percent, making Canadian homes the most overvalued in the world. The study compares housing prices to historical norms to make its conclusions.

That’s not to say that investing in Canada housing is an automatic money loser. You’d be walking a fine line. Real estate professionals in the region say there’s no bubble because of high demand created by an estimated 100,000 immigrants a year moving to Canada. Then again, the Bank of Canada warned that high household debt levels are one of the country’s biggest economic risks -- and we all know how that played out in the US.

San Marino real estate investors should be aware of these locales

Belgium: 56% overvalued
New Zealand: 51% overvalued
Norway: 49% overvalued
Australia: 40%
France: 33%
U.K.: 31%

Sweden: 24%
Finland: 22%
Spain: 16%

The most undervalued real estate is found in Japan, which is undervalued by 39 percent. For more news of use to San Marino real estate investors, visit my Navigating your Move blog.  I also write a blog about senior real estate matters, which can be found at BoomersnBeyond.com