Investing in real estate overseas

[Franz Ingolfsson]

Hi fellow members of Bigger Pockets forum,

My name is Franz and I'm from Iceland, I have extreme interest in investing in real estate but after analyzing almost 50 deals here in Iceland I can't see any price to rent ratio make any sense financially, and it's hard to calculate it because there are around 0-5 rentals in each town so it's hard to compare to a property that I want to buy and analyze. Also in Iceland we have little over 300k people in the whole country and not too many properties for sale, except in the city which is way too expensive for me.
The medium house cost in my city (and the only city in Iceland) is equivalent to $700.000, the market here does not make sense at the moment and I'm looking to invest in other countries, does anyone have any experience in that field that can give me any tips?

Best regards 
Franz Ísak Bergmann Ingólfsson