Cheapest Land in the World
The cheapest land in the United States is generally around $200 per acre, yet land can be found in some countries priced as low as $20 per acre. So if a real estate investor were interested in acquiring a large tract of the cheapest land in the world for future investment purposes, which country in the world would offer the best potential?
The answer, without doubt, would still be the United States of America for the following reasons:
- Government Stability—The United States has one of the most stable governments in the world, and property rights are protected by the U.S. Constitution.
- Currency—Buying land in the United States with U.S. dollars eliminates the problem of converting profits from foreign real estate transactions into U.S. dollars.
- Title Insurance—There are dozens of title companies in the United States that issue policies insuring the buyer’s title to the land. In many foreign countries it is difficult, if not impossible, to secure reliable title coverage.
- Squatter Rights—Unlike many third-world countries, the U.S. courts do not recognize property rights for “squatters” who occupy land without obtaining legal ownership.
- Transferability—It is fast, easy, and inexpensive to transfer ownership of land in the United States. In some countries—Argentina being a prime example—there can be time delays of several years while the government investigates and approves (or denies) the transfer of ownership of land located near coastlines or national borders.
- Economy—The United States is still, far and away, the world’s largest and most vibrant economy.
- Worldwide Demand—Historically, there always has been a demand for land in the United States, and worldwide investors have purchased with safety and confidence.
A large tract of land acquired in the United States for $200 per acre undoubtedly offers a far greater future potential than does a large tract of land acquired for $20 per acre in a third-world country. All things considered, the cheapest land in the world is located right here in the United States of America!