Buying property abroad for retirement

Cuenca, Ecuador

Weather, proximity, and low costs make Cuenca a top option for retirees looking to go abroad, says Kathleen Peddicord, author of "How to Buy Real Estate Overseas."

"Cuenca is a charming colonial and historic city," says Peddicord. "A couple can live comfortably on $1,200 per month and buy property for about $100 per square foot."

Most homes in Cuenca are colonial town houses or cosmopolitan apartments in both modern and traditional styles. "It's a real city with restaurants, a theater and lots to do, with a fast-growing community of North American retirees," adds Peddicord.


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