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. With so many countries to choose from, picking the right one for your family can feel difficult. To help, we’ve compiled seven destinations abroad where investing in property could move you closer to 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 one of the least expensive countries in Latin America, making property taxes more affordable than in many places. People are friendly, and English is widely spoken, helping make the move to 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 Ricaso 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. It’s also an affordable place to retire, with a low cost of living and warm weather year-round. The country offers wide healthcare options, combining high quality with cost-effective services. Like Costa Rica, Mexico has many English speakers who can help you settle in. 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 your first idea for a second home, but it’s one of the world’s most beautiful places. Its landscapes are dramatic and diverse, with mountains, glaciers, beaches, forests, rivers, and lakes all within one small country.
New Zealand has shifted from an agrarian economy to a tech- and service-focused one over recent decades. Its cost of living is lower than in Europe and North America, and many goods remain comparable or cheaper than in 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 population grows and the economy improves, the real estate market should strengthen too, offering strong returns on investment.
4) Portugal
Portugal is known for its wines, but the Iberian nation offers far more than 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 still facing some challenges, Portugal’s economy is improving as more people choose it as a permanent home. This growth makes Portugal a popular spot for second residences, with housing prices still lower than in many 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. Uruguay offers private beachfront living and sits beside Argentina, attracting more tourists seeking quieter beaches. Property prices remain competitive, making the country one of the best investment spots on the continent.
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 known for its beautiful countryside, growing wine industry, luxury resorts, and green landscapes with stunning beaches. It also hosts top Latin American universities, making Uruguay appealing to both retirees and students.
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
Like Croatia, prices in Greece remain low compared to many European countries, making it an affordable investment. The recovering economy should encourage more buyers to consider this Mediterranean nation with thousands of islands and endless real estate options. Greece’s ancient history and natural beauty make it a unique place to own a home. And yes, Greece has three seas—the Aegean, Ionian, and Thracian—so you can even choose your coastline.
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.