Buying a cheap home and retiring is a disappearing dream in many places of the U.S. But if you have the spirit of adventure, you can find such digs overseas.
Writing for U.S. News & World Report, Kathleen Peddicord – author of several books on retiring abroad – says you do not have to travel too far to find the affordable retirement of your dreams.
Some such destinations may even put you right on the beach. Read below to see the list and start planning your second home!
Those who buy inland in the Cayo District can get homes for as little as $75,000.
If you want big-city lifestyle, housing in the nation’s capital, Bogota, remains relatively cheap.
Condos near the beach in Las Terrenas go for as little as $90,000.
In the town of Canoa Quebrada, beachfront condos are available for less than $70,000.
If you buy near the sea in Murcia, you’ll pay one-half to one-third as much – as little as $100,000 – than you would in better-known coastal cities.
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This Mediterranean island near Turkey has “many options” for retirees looking to pay $100,000 or less, including homes on the beach.
If you are truly considering a second home, it is important to dig a bit deeper to find out if there are any rules/laws.
An example I was looking at buying a place in Crete, one of the Greek islands. It is also a place that your dollar can buy a lot but there are taxation issues for non-Greek citizens that have made it too expensive for me to consider.