retirement

Buying property abroad for retirement

A world of opportunities entices the independent retiree in search of adventure and a cultural experience abroad. At the same time, many countries are luring Americans to their shores by providing expedited visa processes, low-cost housing and world-class health care. With so many countries to choose from, it can be difficult to settle on the best move for you. Bankrate found seven places around the world that offer beautiful, inexpensive homes and an easy lifestyle for the cosmopolitan retiree.

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Are you thinking about retiring and buying property abroad?

A world of opportunities awaits retirees with a sense of adventure. In the charming colonial city of Cuenca, Ecuador, you can buy property for about $100 per square foot. The Dominican Republic's Samana Peninsula attracts Europeans seeking a Caribbean lifestyle, and you can buy an apartment home within a 10-minute walk to the beach for as little as $100,000.

Across the great pond in the south of France, village homes and historic farm properties in Languedoc can be purchased for between $150 and $160 per square foot but much cheaper than in Provence. In villages such as Martos in Southern Spain, you can find fixer-upper town houses for less than $20,000, and turnkey town houses in the low $100s.

In Abruzzo, Italy, you have proximity to mountains, beaches and plenty of vineyards. There, move-in ready homes sell in the low $90,000 range -- about half the price of homes in Tuscany.

 

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