Buying a second home abroad can be an excellent investment. You have the opportunity to invest in properties that are not only beautiful but also potentially lucrative. However, it can be difficult to pick which one is right for you and your family with so many countries to choose from. To make things easier, we’ve compiled a list of seven destinations abroad where investing in property could lead you towards meeting your retirement goals:
1) Costa Rica
If you’re looking to retire in an active, sunny region with year-round warm weather, look no further than Costa Rica. This country offers amazing hiking, surfing, and wildlife viewing opportunities. It’s also one of the least expensive countries in Latin America, which makes property tax more affordable than other parts of the region. The people are generally friendly and English is widely spoken, which makes the transition to living in Costa Rica much easier. If you’re interested in the idea of buying a house there, you should read some tips on buying a home in Costa Rica so the whole process goes smoothly. You will surely enjoy spending time in the country’s beautiful forests, along with any time spent at its luxurious resorts.
2) Mexico
Mexico is another excellent choice for you to consider when making plans to retire abroad. It’s home to some of the most spectacular beaches and interesting archaeological sites, including Chichen-Itza and Tulum. In addition, it’s a very affordable place to retire, since the cost of living is low and the weather is warm throughout the year. This country also offers some of the widest options for healthcare in Latin America, with both high quality and cost-effective services available. Like Costa Rica, Mexico has a number of English speakers who can help you find your way around while you’re getting used to living there. The people in Mexico are warm and friendly, which makes settling into your new home a pleasant process.
3) New Zealand
New Zealand may not be the first place you think to invest in a second home, but it is one of the most beautiful places to live in the world. It’s known for its unique landscapes that are both dramatic and diverse, with mountains, glaciers, beaches, forests, rivers, and lakes all in one relatively small island country.
New Zealand has been on a journey of transformation from an agrarian economy to a technological and service-based economy in the last few decades. The cost of living in New Zealand is lower than in Europe and North America while some goods are comparable or cheaper than their equivalents in many other developed countries.
As a result, New Zealand is a desired destination for ex-pats with an influx of new residents every year. As the country’s population grows and its economy continues to improve, so will its real estate market – providing high returns on investment (ROI).
4) Portugal
Portugal may be best known for its delicious wines, but the Iberian nation offers much more than just a glass of Vinho Verde. It’s been gaining international attention as one of the top destinations to buy a second home in Europe. Portugal has a rich history and culture, a beautiful coastline, charming villages, quaint castles, stunning gardens, and some of the best golf courses in the world.
The Portuguese economy has been growing at a steady rate since 2011 after a difficult period. While it’s still going through some hardships, the economy is expected to continue improving as more and more people choose Portugal as their permanent residence. As a result, Portugal has become a popular place for buying secondary residences since housing prices remain below those of other Western European countries.
5) Uruguay
Uruguay may be best known as one of the most liberal nations in Latin America with a low rate of violent crime, but that does not mean it is devoid of any investment opportunities.
Offering luxurious private beachfront property, Uruguay sits just next to Argentina and has seen an increase in tourism as more people are drawn to the less crowded beaches. Property is also available at competitive prices, making this country one of the best on the continent to invest in.
The country is already known for its stunning countryside, emerging wine industry, emerging luxury resorts, and abundant rolling green landscape with beautiful beaches. Besides all of that, Uruguay is also home to some of the top universities in Latin America, making it an interesting location for both retirees and students alike.
6) Croatia
Have you heard about Croatia’s idyllic coastlines and the beauty of its historic towns? Croatia’s Adriatic coastline is dotted with over 1,200 islands, making it a popular destination for sea lovers looking for crystal-clear waters and pristine beaches. It’s no surprise when you consider the country’s picturesque landscape, beautiful beaches, and rich culture. The price of homes still remains low compared to most other European countries and you can choose among many beautiful sea cities like Dubrovnik, Split, Pula, and Rovinj. You can enjoy a relatively tranquil life in Croatia and escape the stress of your usual day-to-day routine. If you pick this destination, make sure you try their wine, olive oil, and prosciutto.
7) Greece
Just like in Croatia, the prices in Greece remain low compared to other European countries which makes it a cheap investment. Greece’s economy is gradually recovering and this increase in economic activity should encourage buyers to invest their funds into this Mediterranean country that is home to thousands of islands, each providing infinite real estate opportunities. Greece is the home of the world’s ancient history and its pure beauty makes it a unique destination for anyone who would like to own a home there. And did you know that Greece has three seas? That’s right! Greece is also the home to the Aegean Sea, Ionian Sea, and the Thracian Sea so you can even choose which sea you want.
Buying a home abroad can be lucrative and help you meet your retirement goals. To find the perfect second home in one of these six destinations, take some time to do research and carefully consider what country best suits your needs. You may want to choose New Zealand because it has an influx of new residents every year or Portugal if you enjoy playing golf. If you’re looking for somewhere more tranquil than Europe, try Croatia where property prices are still low compared with other Western European countries. Whatever destination you decide on, you’re sure to find the perfect second home abroad.
Comments are closed.