• Nicoya Peninsula, Costa Rica

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  $175,000 will buy a luxury home on the golf course, within a country-club community on the tip of the Nicoya Peninsula on the Pacific.

  

• Grecia, Costa Rica

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  In Grecia, you can buy a two-bedroom hillside home for $95,000. You can take advantage of that temperate Central Valley climate on the large balcony and take in views of the surrounding forest and coffee plantations. Grecia is a great place to live, with one of the country’s best farmers’ markets and super-friendly locals.

  

• Merida, Mexico

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  In Mexico, good-value properties abound, no matter what your budget. Mérida, for instance, capital of the Yucatán Peninsula, remains one of the best places to find bargain-priced colonial homes. There you can still find renovated, move-in-ready colonial properties for under $100,000.

  

• San Miguel de Allende, Mexico

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  San Miguel de Allende is justifiably famous for its arts, culture—and large expat community. And today, real estate prices here are relatively low. A colonial home in San Miguel’s famous centro is for sale for $148,000. Renovated in 2009, the 1,200-square-foot house has two bedrooms and 2.5 bathrooms.

  

• Penang, Malaysia

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  Beachside condos currently listed in an area called Batu Ferringhi in Penang . The condo has three bedrooms and has 1,400-square-foot of living space. Price: $196,144. It’s a 10-minute walk to the beach, and all the condos have sea and/or jungle views. ©Ronen; Fotolia.com.

  

• Cerro Azul, Panama

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  Located an hour from Panama City, Cerro Azul is pretty, with little A-frame homes, many of them with neat handkerchief gardens. Here, you can buy a house for $115,000. It’s a Swiss-style home with four bedrooms and two bathrooms, and the lot is nearly half an acre. The immaculate little gated development has security, a social area, and pool.

  

• Cuenca, Ecuador

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  Despite the ever-increasing numbers of expats discovering Cuenca, you’ll find property here is still affordable. Take, for instance, a two-bedroom, two-bathroom, ground-floor condo recently for sale in the residential neighborhood of Las Pencas, close to the historic quarter. There is almost 1,000 square feet of living space and amazing views of the surrounding mountains. Price: $84,900.

  

You can read more about properties for sale in our top retirement havens here.

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