I might suggest Costa Rica. The country has coastlines on the Pacific and the Carribean, and since deals are negotiated in US dollars, you can also take advantage of the weak US dollar. The government is very stable, and all new construction must meet very strict criteria for environmental protection. Reports from the Dominical area say that there is an influx of Europeans now (especially Germans, French, and British) who are looking to invest there because their own markets offer little promise on the short to mid term. This market seems isolated from the woes besetting the other major areas.

Neustria