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The 25 best countries to buy rental property and make money on the side
25. Turkey
![The 25 best countries to buy rental property and make money on the side](/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-64137016%2Cwidth-700%2Cheight-525%2Cimgsize-1478028%2F25-turkey.jpg&w=3840&q=75)
24. Latvia
![24. Latvia](https://staticbiassets.in/thumb/msid-64137013,width-700,height-525,imgsize-1225862/24-latvia.jpg)
Rental yield: 3.8%
Effective rental income tax: 17.25%
Monthly rent: $1,074
23. Portugal
![23. Portugal](https://staticbiassets.in/thumb/msid-64137012,width-700,height-525,imgsize-1415314/23-portugal.jpg)
Rental yield: 5.45%
Effective rental income tax: 26.44%
Monthly rent: $1,939
22. Malta
![22. Malta](https://staticbiassets.in/thumb/msid-64137011,width-700,height-525,imgsize-1239127/22-malta.jpg)
Rental yield: 4.35%
Effective rental income tax: 23.33%
Monthly rent: $2,229
21. Colombia
![21. Colombia](https://staticbiassets.in/thumb/msid-64137010,width-700,height-525,imgsize-1420423/21-colombia.jpg)
Rental yield: 6.51%
Effective rental income tax: 24.75%
Monthly rent: $1,548
20. Argentina
![20. Argentina](https://staticbiassets.in/thumb/msid-64137009,width-700,height-525,imgsize-1073510/20-argentina.jpg)
Rental yield: 4.48%
Effective rental income tax: 14.7%
Monthly rent: $1,490
19. South Africa
![19. South Africa](https://staticbiassets.in/thumb/msid-64137008,width-700,height-525,imgsize-1231209/19-south-africa.jpg)
Rental yield: 3.88%
Effective rental income tax: 12.8%
Monthly rent: $1,636
18. Morocco
![18. Morocco](https://staticbiassets.in/thumb/msid-64137007,width-700,height-525,imgsize-1249430/18-morocco.jpg)
Rental yield: 5.52%
Effective rental income tax: 10.70%
Monthly rent: $854
17. Canada
![17. Canada](https://staticbiassets.in/thumb/msid-64137005,width-700,height-525,imgsize-1348852/17-canada.jpg)
Rental yield: 3.98%
Effective rental income tax: 25%
Monthly rent: $3,740
16. Spain
![16. Spain](https://staticbiassets.in/thumb/msid-64137004,width-700,height-525,imgsize-1132974/16-spain.jpg)
Rental yield: 4.7%
Effective rental income tax: 19%
Monthly rent: $2,531
15. Greece
![15. Greece](https://staticbiassets.in/thumb/msid-64137003,width-700,height-525,imgsize-1437205/15-greece.jpg)
Rental yield: 4.17%
Effective rental income tax: 7.5%
Monthly rent: $1,460
14. Hungary
![14. Hungary](https://staticbiassets.in/thumb/msid-64137001,width-700,height-525,imgsize-1006806/14-hungary.jpg)
Rental yield: 5.24%
Effective rental income tax: 13.5%
Monthly rent: $1,621
13. Bulgaria
![13. Bulgaria](https://staticbiassets.in/thumb/msid-64137000,width-700,height-525,imgsize-1079693/13-bulgaria.jpg)
Rental yield: 6.24%
Effective rental income tax: 10%
Monthly rent: $997
12. Croatia
![12. Croatia](https://staticbiassets.in/thumb/msid-64136999,width-700,height-525,imgsize-1455466/12-croatia.jpg)
Rental yield: 5.43%
Effective rental income tax: 8.4%
Monthly rent: $1,320
11. Germany
![11. Germany](https://staticbiassets.in/thumb/msid-64136998,width-700,height-525,imgsize-1210505/11-germany.jpg)
Rental yield: 3.99%
Effective rental income tax: 2.71%
Monthly rent: $1,769
10. Cyprus
![10. Cyprus](https://staticbiassets.in/thumb/msid-64136997,width-700,height-525,imgsize-1141058/10-cyprus.jpg)
Rental yield: 5.12%
Effective rental income tax: 0%
Monthly rent: $966
9. France
![9. France](https://staticbiassets.in/thumb/msid-64136996,width-700,height-525,imgsize-1318775/9-france.jpg)
Rental yield: 2.79%
Effective rental income tax: 10%
Monthly rent: $4,379
8. Ireland
![8. Ireland](https://staticbiassets.in/thumb/msid-64136995,width-700,height-525,imgsize-1095432/8-ireland.jpg)
Rental yield: 6.64%
Effective rental income tax: 10.05%
Monthly rent: $2,077
7. Thailand
![7. Thailand](https://staticbiassets.in/thumb/msid-64136994,width-700,height-525,imgsize-1258085/7-thailand.jpg)
Rental yield: 5.13%
Effective rental income tax: 2.73%
Monthly rent: $2,029
6. Barbados
![6. Barbados](https://staticbiassets.in/thumb/msid-64136993,width-700,height-525,imgsize-1224902/6-barbados.jpg)
Rental yield: 5.48%
Effective rental income tax: 7.5%
Monthly rent: $2,501
5. Indonesia
![5. Indonesia](https://staticbiassets.in/thumb/msid-64136992,width-700,height-525,imgsize-1275578/5-indonesia.jpg)
Rental yield: 8.61%
Effective rental income tax: 20%
Monthly rent: $2,486
4. Panama
![4. Panama](https://staticbiassets.in/thumb/msid-64136990,width-700,height-525,imgsize-1198170/4-panama.jpg)
Rental yield: 5.75%
Effective rental income tax: 2.08%
Monthly rent: $2,075
3. Costa Rica
![3. Costa Rica](https://staticbiassets.in/thumb/msid-64136989,width-700,height-525,imgsize-1328416/3-costa-rica.jpg)
Rental yield: 7.48%
Effective rental income tax: 5.16%
Monthly rent: $1450
2. United Arab Emirates
![2. United Arab Emirates](https://staticbiassets.in/thumb/msid-64136988,width-700,height-525,imgsize-1174216/2-united-arab-emirates.jpg)
Rental yield: 5.19%
Effective rental income tax: 5%
Monthly rent: $3,070
1. Philippines
![1. Philippines](https://staticbiassets.in/thumb/msid-64136987,width-700,height-525,imgsize-1330142/1-philippines.jpg)
Rental yield: 6.13%
Effective rental income tax: 4.06%
Monthly rent: $2,422
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