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Investing in rental property in Guam is a great option for those looking to build wealth. Not only is the island - a good destination with an enviable tropical climate, but it can also be an attractive option for many military members.
Guam's new median price for a single-family dwelling is now $426,000, Cornerstone Valuation Guam, Inc.
Depending on your nationality, you may also need to present a valid foreign passport, visa and 2 or more valid photo IDs. By simply buying real estate in Guam, being a U.S territory, does not give foreign owners any rights or privileges concerning legal stay and status.
On Guam, there are several different zones. The most common are: Agriculture, Residential, Multi-Family, Commercial, Light Industrial, Heavy Industrial, Hotel and Parking. Imagine being a farmer and having an industrial plant next to your crop. Or your house is dwarfed by a neighboring condominium complex.
Can a U.S. Citizen Buy Property on Guam? Yes. Both U.S. citizens and permanent residents can buy property on Guam without restrictions, including houses and condos. By the way, the same isn't true of Guam's neighboring islands, the Commonwealth of the Northern Mariana Islands.
Anyone may buy and own property in the United States, regardless of citizenship. There are no laws or restrictions that prevent an individual of any foreign citizenship from owning or buying a home in the U.S.
The width of each lot shall be one hundred (100) feet in an area of not less than ten thousand square feet. The lot area per dwelling unit in the Rural Zone (A) shall not be less than five thousand (5,000) square feet with sewer connection (if located on top of the North- ern Aquifer).