Covid-19 affected all of our finances — a lot. However, if you’re one of the fortunate entrepreneurs to still have the money you’re looking to invest in, then you have a lot of opportunities. A very smart investment strategy involves getting assets in luxury properties. Here are 25 emerging markets for luxury real estate investments for you to diversify your portfolio:

Charlotte, North Carolina

US News & World Report ranked Charlotte as the sixth best-place to live out of 150 metros in the country. And, it should come as no surprise why this city offers you a great opportunity — Charlotte boasts a mild winter and pleasant falls. With average home prices at $231,233, you can understand why it’s an attractive option for Millennials, Gen Z, and investors alike.

Boise City, Idaho

According to QuickenLoans®, the population from 2010–2018 grew by three percent. That’s a nice jump! And, with a median home price of $367,000, this is a great market to invest in. Plus, an emerging art scene coupled with its boutique shops makes it a trendy place to live.

Nashville, Tennessee

Ranked as the 17th best city to live in the US, Nashville offers plenty of return on investment. The average home costs $263,625, and the dominance of pop country as a music genre makes this city sing — literally. Also, don’t forget about the craft beer scene, as Nashville boasts plenty of up-and-coming and established breweries.

Austin, Texas

Austin has seen exponential growth for quite some time now. Even BiggerPockets acknowledges this while still predicting how more people will move to the city. And, why not? It’s slowly becoming a tech hub, with a lot of companies like Tesla fleeing California for a more tax-friendly state like Texas. Well-known food and arts scenes make this city a smart choice.

Miami, Florida

Similar to Austin, Miami is positioning itself to become a tech hub on the Southeast Coast. Florida is a nice tax haven, and list prices have seen a 12% increase, so now’s the time to invest in one of the Sunshine State’s crown jewel cities. Plus, Miami is known for its wild nightlife and beautiful beaches, so you better start working on your tan now.

Phoenix, Arizona

Phoenix is one of the main southern cities that is benefiting from people leaving in droves from New York City. And, it’s a great place to add properties to your portfolio. The population growth has seen a 1.6% jump, so now’s the time to snap up some of the high-end properties. The best part? You’ll be a stone’s throw away from the serene Desert Botanical Garden.

Jacksonville, Florida

Another entry, another city similar to Austin and Miami. Jacksonville has been slowly breaking out as an investment hotspot, and it will continue to stay this way. It isn’t quite the up-and-comer as some of the other cities on this list, but the opportunity is still there. Besides, you can never go wrong when you live at the beach.

Colorado Springs, Colorado

This city has an average list home price of $440,000. And, Colorado Springs saw a two percent population growth from 2010-to 2018. Hope springs eternal for luxury real estate investors and nature enthusiasts in Colorado Springs.

San Diego, California

Why should you invest in San Diego? Well, the city receives a 9.6 rating out of 10 on US & World News Report’s desirability scale. Oh, I’m sure the warm climate accounts for some of these points, but the strong job market that boasts a low 3.2% unemployment rate helps too.

Hawaii

Islands like the Big Island’s Hilo or Oahu offer great alternatives in Hawaii besides Honolulu, the eight most-expensive places to live in the US. And, Real Hawaii claims the average home price in 2019 in Oahu is $461,000. Come for the sound investment, stay for the world-class adventures of all kinds, like hiking through tropical rainforests, snorkeling, and surfing.

Montana

The Missoulian isn’t just pushing their local market when they discuss the great investment opportunities in Montana. The state saw the largest housing prices increase in the whole country! In the third quarter of 2020, there was a 10% year-over-year rise in home costs, so look for similar growth throughout this year.

Yellowstone

If you’re a nature lover, this is a must. Where else can you invest in luxury real estate while also having both Black and Grizzly bears as your neighbors? Soak in — literally — hot springs, or gaze in amazement at the famous “Old Faithful” geyser. Yellowstone is the perfect way to enjoy both the finer — and simpler — things life has to offer.

Joshua Tree, CA

According to Mashvisor, the Joshua Tree real estate market started booming in the mid-2000’s. And, this isn’t accidental — with the Joshua Tree Music Festival held there twice per year and the national park nearby, this California locale is a luxury real estate investors’ oasis.

Wyoming

When you think of luxury, Wyoming may not be a place that comes to mind — but it should be! Clever claims it’s a proven real estate market that attracts $2 billion in tourism revenue. In particular, Cheyenne has seen home values rise by 11.2% over the past several years. It may be time to start saying, “WhyNOTWyoming.” OK, I’ll see myself out after that bad joke.

New York, New York

OK, let’s call a spade a spade — New York City got hit hard by the pandemic. Unfortunately, it’s still reeling and feeling the effects of Covid-19, and people are opting for Southern cities and the suburbs. But, it’s still New York. It’s still the city Engel & Völkers ranked one of the top-five luxury real estate markets in the world. That’s not even mentioning Broadway, the world-class food scene, or some of the most famous sports teams in the world (like the New York Yankees).

San Jose, Costa Rica

Coldwell Banker Costa Rica speaks highly of the international business presence in Costa Rica’s capital. Plus, a strong tourism industry means there are plenty of opportunities to invest in high-end real estate in one of Central America’s most stable countries. And, if you’re a fan of living green, Costa Rica is world-renowned for its ecotourism.

Tel Aviv, Israel

If you’re looking for luxury real estate investments, you can’t do much better than Tel Aviv. CBSNews listed it as a top-10 emerging international market in 2019 — and for good reason. Growing tech industry and a 10.2 % price increase make it a very attractive city for savvy investors. It’s a quick plane ride away from Europe for those who love to travel, and a premier beach resort for those who like to laze around on their days off.

Toronto, Canada

According to Pierre Carapetian, Toronto is a great emerging market for luxury real estate investments for several reasons. Immigration is on the rise by 8.4%, so people are clearly moving there in droves. This is in no small part thanks to the emerging tech hub it’s become. And, with an upcoming transit project expecting to revitalize mass transit in the city, home values near the train lines should see a dramatic increase in value.

Vancouver, Canada

Vancouver has also seen a double-digit price list increase — almost 12%! — and is generally seen as a reliable investment. In fact, Vancouver has seen a median home value increase year after year for the past several years. Throw in gorgeous natural landscapes and you’ve got yourself a veritable paradise!

Montreal, Canada

Precondo suggests that Montreal — of all the Canadian cities — is the desired destination. In fact, it topped the list based on sales to new listings ratio. In 2020, the city saw an 8.48% increase in sales compared to 2019. Not bad, eh?

Rochester, New York

With the mass exodus from New York City, Rochester is primed to see a boom in growth. The city already experienced a 2.1% growth from 2010-to 2018, so expect this number to increase quite drastically over the next few years.

The Hamptons, New York

According to the New York Post, the Hamptons recently experienced a $1 billion real-estate boon. In the third quarter of 2020, average sale prices jumped by 33.2% from the same time last year. Don’t miss out on this opportunity to join this young community with a great vibe and gorgeous panoramic views to boot!

Caribbean

When you think of the Caribbean, you envision all-inclusive resorts, beautiful beaches, and blue water. But, Luxurious Magazine thinks you should also consider investment opportunity too. They claim the Caribbean has remained a stable real estate market, and you can benefit from a tax-free purchase.

Porto, Portugal

Porto has seen a bit of a boon. Because of cheap airfare, Porto’s hidden charm has become exposed. More than 11 million tourists now pass through Porto yearly. And, Live and Invest Overseas claims liquidity in the 1.7 million-inhabited city is on the rise. Plus, it’s the home of Port wine, so don’t be surprised to see many Millennials and Gen Z-ers sipping on this elegant vino in this harbor city.

Belize

Caribbean Lifestyle explains how the currency exchange rate in Belize is two Belizean dollars equaling one US dollar. So, with low property taxes, a favorable exchange rate, a soon-to-be-increased tourist industry, and easy-to-find properties, now’s the time to invest in Belize. The fact that it’s a gorgeous, English-speaking city is the cherry on top of this investment-opportunity sundae.

These 25 emerging markets for luxury real estate investments all offer unique — but profitable — opportunities for you to take advantage of.