Buying property abroad for retirement
San Juan, Puerto Rico
Due to its close ties to the United States, moving to Puerto Rico is an easy transition for Americans. It takes less than four hours to fly from New York to San Juan, a coastal city with colonial architecture, rich history and beautiful weather. Year-round trade winds keep the climate comfortably warm.
Oceanfront two-bedroom condominiums are available for less than $300,000, and a couple can live on $1,700 per month, according to Prescher. "Puerto Rico remains one of the cheaper options in the Caribbean," he adds.