10 Best Countries to Buy Property and Retire

buying real estate overseas for retirement can be very beneficial in terms of diversifying your investment portfolio but it's much more than that as a retiree with a home of your own in the overseas retirement locale of your choosing you can take advantage of a super low cost of living and a richer cultural experience furthermore investing in a home in the country where you want to retire allows you to set up a rent-free retirement the countries mentioned in this video are some of the best places to buy property for retirement from destinations nestled in the mountains to the sunniest spots on the shorelines you're sure to find a retirement home inspiration in one of these countries nevertheless countries where foreigners are not given full ownership of land and property will not be mentioned in this video so here are 10 best countries to buy property and retire number 10. montenegro whether you're looking for a sunny retirement home of your own or an investment property montenegro is definitely one of the best and most affordable locations in europe there are many benefits of buying property in montenegro such as low capital gains tax which is part of a favorable tax system political stability and ease of obtaining a residency permit for buying property regardless of its value moreover there are no legal restrictions on foreigners buying property but in some parts foreigners can only buy land through a company buying apartments is most popular among retirees because they are easy to rent when you're not there and they're just about maintenance free cost of living in the country is also cheap a couple can live comfortably on a monthly budget of eight hundred dollars without rent number nine turkey this country is simply superb when it comes to both nature and culture and presents a lot of diversity its capital city istanbul is among the most visited cities worldwide and it's the favorite place of investors and home buyers in turkey in istanbul the average cost for a two-bedroom property is a modest figure of 120 thousand dollars tourism is another selling point for turkey which is also growing stronger and stronger making turkey a viable destination for a vacation home abroad thousands of retirees have already bought homes in turkey and the low property prices are a big lure for buyers living here one reason for buying property in turkey was the low cost of living pensioners are especially getting a good deal because the exchange rate from their currency into turkish lira is netting them more than the average cost of living number eight malaysia malaysia has a lot to offer retirees from its sandy beaches to its extensive rainforests to its dazzling capital city of kuala lumpur it is becoming a hot spot for retirees looking to buy property in southeast asia due to the ease of buying property for foreigners unlike other countries in southeast asia it is legally stipulated that foreigners can purchase almost all types of properties in malaysia such as houses apartments and land plus there is no tax on property inheritance in malaysia so retirees can pass the property to future generations furthermore the tourism and medical sectors along with old age welfare are highly advanced moreover there is no limit for foreigners to buy properties in malaysia foreigners can buy any number of properties number 7 hungary hungary joined the european union in 2004 since then the hungarian standards of living developed tremendously especially in regards to infrastructure it is a great destination for retirees willing to enjoy a pleasant climate beautiful landscapes and culture hungary offers attractions for retirees during the whole year especially in the capital budapest additionally it is one of the most affordable countries in europe anyone regardless of their citizenship can buy property in hungary as long as they show a proof of income buying a property can be a simple and straightforward process there is no need to set up a company or become a resident in order to purchase a residential property number 6. greece if you dream of retiring on a sunny island with delicious food and a thriving local culture it may be time to look at greece the greek government has announced plans for a new approach to help the country recover from the pandemic crisis a low property and income tax scheme to encourage overseas pensioners to retire in greece moreover any foreigner can become a homeowner in greece the country does not apply any restrictions on purchase on the contrary nationals of non-eu countries can even benefit from citizenship by golden visa as long as the minimum amount of their real estate investment is 250 000 one of the best benefits of retiring in greece is the low cost of living a couple can live comfortably on a monthly budget of one thousand dollars without rent five costa rica costa rica is one of the rising stars in international destinations for retirees retirement communities in costa rica are located in the most popular regions including the central valley its retirement real estate has enjoyed substantial growth in the last 10 years with gated communities popping up throughout the country in the most popular communities in addition to residential communities for retirees the entertainment shopping medical services and activities have improved tremendously offering a relaxing and carefree lifestyle to residents another plus for property purchasers in costa rica is its very low property tax which is around one percent annually that means if you buy a condominium or home with an assessed value of two hundred thousand dollars the property taxes per year would be five hundred dollars number four mexico with glorious warm weather picture-perfect beaches proximity to the united states and a much lower cost of living than its neighbors to the north it's no wonder mexico is such a popular country for north american retirees in fact mexico is ranked as the world's third best place to retire in 2021. it is perfectly legal for foreigners to own mexican real estate retirees can buy large variety of properties antique spanish colonial homes beachside villas luxury mansions on a cliff and everything in between even buying a small farm in the yucatan with a vacation home is possible that said retirees can achieve permanent residency simply by showing a sufficient amount of monthly income or savings number three croatia this small european country has beautiful fishing villages thousands of islands and attractive beaches retiring in croatia will mean that you can lead a healthy life being a retiree or health care is covered by government subsidized medical insurance many retirees choose to live in split a city on the seaside if you don't enjoy beaches plenty of people also choose to live in zagreb the capital city croatian real estate has risen in price recently but there are still some great bargains to be had if you know where and how to look still buying real estate in a foreign country can be intimidating of course a lot depends on where you buy in the condition of the property generally figure on spending at least eighteen hundred dollars a square meter for a place on a dalmatian island and double that for highly desirable properties on the coast or in town centers number 2 panama panama offers a lower cost of living than north america or europe the lower cost means your pension will go much further in panama and you will not need to dip into your savings during retirement a couple can live well on fifteen hundred dollars per month in most areas without rent buying property in panama is safe and easy foreigners enjoy the same property rights as panamanians additionally there is real estate readily available in panama to suit all budgets and tastes from a luxurious high-rise apartment to a tropical beachfront condo or a breezy mountain retreat there is a perfect piece of panama property for every type of person plus it has one of the region's best healthcare systems it offers world-class hospitals and specialists to cover any eventuality it is one of the reasons many people choose to retire in panama number one portugal portugal is a popular location for retirees those who retire in portugal enjoy good property costs reduced tax options a decent standard of health care and generally good infrastructure and security whether you're looking for a rural property in the countryside a villa close to the beach or a chic city apartment there are properties in portugal for every budget compared to other popular retirement destinations portugal offers some of the best prices in europe in order to buy property in portugal as a retiree you will need to get a residence permit as with other countries in the european union getting residency in portugal is rather easy for eu citizens but the process is also simple for north american citizens thanks for watching be sure to subscribe for more amazing content [Music] you

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Keywords: 10 countries to buy property and retire, 10 best countries to buy property for retirement, retirement home abroad, buy real estate abroad, retirement planning, best places to retire, buy home for retirement, investing in retirement, overseas retirement, buying retirement home, countries, rent free retirement, real estate abroad, 10 best countries to retire, cheap retirement, where to retire, best countries to buy property and retire

Id: RMkGCbw-RS8

Length: 9min 39sec (579 seconds)

Published: Wed Apr 21 2021