It can be intimidating to buy an international investment. Commercial real estate investors who desire to own property abroad must manage banking systems and regulations that may operate differently than those in the United States in addition to considerations like cost and condition of the property. Dealing with reputable real estate firms is a terrific place for investors to start, but ultimately, rental property success depends on having the knowledge necessary to make wise decisions.

The amount, expressed as a percentage, that a landlord can expect as a return on his investment before taxes, maintenance fees, and other costs, were reviewed by GOBankingRates to determine the best locations to own investment property. Other significant indicators included monthly rent, rental tax rates, and gross rental yields.

See the top 25 nations for property ownership by clicking through.

25. Turkey

Yield on Rentals: 3.62 percent

21.94 percent is the actual rental income tax rate.

Rent: $1,128

Due to its low rental return and an effective rental income tax that is greater than 80% of the other nations surveyed, casas en venta playacar fase 2 in Turkey comes in close to the bottom of the list. Turkey is among the nations with the highest tax burdens.

24. Latvia

Yield on Rentals: 3.8%

17.25 percent is the actual rental income tax rate.

Rent: $1,074

With an effective rental income tax of 17.25 percent and a rental return of only 3.8 percent, Latvia is probably not an investor’s first choice.

23. Portugal

The rental yield is 5.45%.

26.44 percent is the actual rental income tax rate.

Rent: $1,939

Portugal has the highest effective rental income tax rate of any country in this analysis at 26.44 percent, therefore even strong rent and a respectable rental return are insufficient to move Portugal further up this list. In actuality, Portugal is among the nations where citizens pay higher taxes than Americans.

22. Malta

yield on rental: 4.35 percent

23.33 percent is the actual rental income tax rate.

Rent: $2,229

Malta has high rents and one of the highest rental yields among the nations studied. Real estate prices are growing and effective rental income taxes are high, thus there might be better investment possibilities.

21. Colombia

Yield on Rentals: 6.51 percent

24.75 percent is the actual rental income tax rate.

Rent: $1,548

Colombia had the third-highest effective rental income tax rate in the study, at 24.75 percent, which a relatively high rental yield of 6.51 percent helps to partially offset. It is beneficial that the low prices of food and other products and services continue to be affordable in relation to purchasing power.

20. Argentina

Yield on Rentals: 4.48 percent

Effective Income Tax on Rentals: 14.7%

Rent: $1,490

Argentina comes near the bottom of the list of the best nations to buy investment property since it is one of the least tax-friendly nations. The rental yield is only 4.48 percent, and the effective rental income tax is a high 14.7 percent.

19. S. Africa

3.88 percent is the rental yield.

Effective Income Tax on Rentals: 12.8%

Rent: $1,636

South Africa has a cost of living that makes it an excellent retirement option for expats despite having a less-than-stellar rental yield and a higher effective rental income tax, but only a mediocre choice for real estate investors.

18. Morocco

Yield on Rentals: 5.52 percent

10.7% is the actual rental income tax rate.

Rent: $854

In Morocco, foreigners cannot own agricultural land, although they may purchase investment properties. Rent is the lowest of the nations surveyed, and the effective rental income tax is in the middle of the pack, but Morocco is still worth considering because of its strong purchasing power and low cost of living.

17. Canada

yield from rentals: 3.98 percent

25 percent is the actual rental income tax rate.

Rent: $3,740

Canada has the second-highest effective rental income tax and the fifth-lowest rental yield of any country, but if you can find inexpensive real estate that requires little upkeep, $3,740 in monthly rent can help you recover your investment.

16. Spain

Yield on Rental: 4.7 percent

Actual Rental Income Tax Rate: 19%

Rent: $2,531

At first glance, Spain might turn off an investor due to its high taxes and low rental rates. But given the country’s allure to expats and its ability to support one of the highest rents in the study with one’s spending power, it could be a mistake.

15. Greece

Yield on Rental: 4.17 percent

7.5 percent is the actual rental income tax rate.

Rent: $1,460

Greece has the seventh-lowest rental yield of the countries studied, but it has one of the lowest effective rental income tax rates, meaning you’ll keep more of your rental revenue.

14. Hungary

Yield on Rentals: 5.24 percent

13.5 percent is the actual rental income tax rate.

Rent: $1,621

Real estate investors in Hungary have a lot of opportunities because to a 5.24 rental return and a robust economy. Yet, among all the nations included in this analysis, it also has one of the ten highest rates of rental income tax.

13. Bulgaria

yield on rental: 6.24 percent

10 percent is the actual rental income tax rate.

Rent: $997

Despite having a low average rent compared to other nations studied and the fifteenth highest effective rental income tax rate, Bulgaria is a strong option for investors thanks to its healthy 6.24 percent rental yield.

12. Croatia

5.43 percent is the rental yield.

8.4% is the actual rental income tax rate.

Rent: $1,320

The low average rent of $1,320 in Croatia—possibly one of the least tax-friendly nations in the world—could leave investors wanting more. However in this analysis, the rental yield is higher than in many other nations.

11. Germany

3.99 percent rental yield

2.71 percent is the actual rental income tax rate.

Rent: $1,769

Germany is a popular destination for expats, which makes it the ideal target market for real estate investors looking to take advantage of the low effective rental income tax rate in the nation.

10. Cyprus

5.12% in terms of rental yield

Tax on rental income that is actually paid: 0%

Rent: $966

Cyprus has maintained its rental returns in recent years despite reductions in other nations. Property sales prices are modest. Effective rental income taxes are low, but so are rents; you won’t be subject to them for the first $23,339.22 of income.

9. France

Yield on Rentals: 2.79 percent

10 percent is the actual rental income tax rate.

Rent: $4,379

Despite having the lowest rental income in this survey, France continues to rank among the top 10 best locations to hold investment property. In comparison to other well-known European nations like Spain and Ireland, the rental income tax is lower.

8. Ireland

Yield on Rentals: 6.64 percent

Effective Rental Income Tax: 10.05 percent

Rent: $2,077

Ireland is one of the finest places in the world to hold investment property due to its high rents and rental yields, but rising real estate prices call for prudence.

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7. Thailand

yield on rentals: 5.13 percent

2.73 percent is the actual rental income tax rate.

Rent: $2,029

A medium-sized, centrally placed property in Bangkok, for instance, can produce yields of up to 8%, despite Thailand’s average yield being 5.13 percent. Thailand appears to be a great possibility for investors when these factors are combined with a low effective rental tax rate and a reasonably high rent.

6. Barbados

Yield on Rentals: 5.48 percent

7.5 percent is the actual rental income tax rate.

Rent: $2,501

Barbados’s small income tax and fifth-highest rent in the report compensate for the island’s subpar rental yields. To buy investment property, though, you’ll require the Central Bank of the nation’s approval.

5. Indonesia

8.61% is the rental yield.

20 percent is the actual rental income tax rate.

Rent: $2,486

Although Indonesia has one of the highest effective rental income taxes in the survey, the country’s high rents and greatest rental return should entice investors to visit.

4. Panama

Yield on Rentals: 5.75 percent

2.08 percent is the actual rental income tax rate.

Rent: $2,075

Panama consistently ranks among the greatest nations to invest in real estate due to its high rental yield, low taxes, and stable rentals. The substantial foreigner property ownership rights and Panama’s retiree incentive scheme both benefit investors.

3. In Costa Rica

7.48 percent is the rental yield.

5.16 percent is the actual rental income tax rate.

Rent: $1,450

Costa Rica had the second-highest rental yield in the study despite having relatively modest rentals, and its effective rental income tax is lower than that of 72% of the other nations considered.

2. Emirate of the Arabs

Yield on Rentals: 5.19 percent

Tax on Rental Income that is Effective: 5%

Rent: $3,070

The UAE offers many advantages. The nation is one of the most tax-friendly in the world, which gives citizens extra money to put toward rent in addition to having low effective rental income tax rates and high rents.