Property investing in volatile economies can deliver strong returns when risks are systematically managed. Our analysis highlights five recurring challenges: macroeconomic instability, currency convertibility, political and regulatory shifts, operational pressures, and liquidity constraints. We show how investors can mitigate these through thoughtful portfolio design, smart deal structuring, resilient contracts, operational preparedness, and governance. Drawing on examples from Argentina, Turkey, and Nigeria, we illustrate how inflation shocks, currency swings, and cost pressures erode cash flows, but also how tools such as indexation, FX hedges, political-risk insurance, and climate-resilient due diligence protect value. While hedges, insurance, and tighter covenants may reduce headline IRRs, they enhance resilience and improve risk-adjusted returns. For long-term investors, volatility becomes an opportunity when matched with disciplined and forward-looking risk management.