Your Own Home Overseas - International Real Estate
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You've done the dreaming… We've done the research. And Your Own Home Overseas is a completely free e-letter where you’ll find everything we know about making your overseas dream home a reality.
We know a good location and, more importantly, good value, when we see it. And with decades of on-the-ground experience, we know our way around the best spots under the sun for buying your dream home right now.
Whether you’re interested in investment real estate, a second home in the sun, or your dream property for a full-time life overseas, Your Own Home Overseas is where you’ll find the inside track.
You’ll hear regularly from real estate guru Ronan McMahon (from Pathfinder International, International Living’s preferred real estate advertiser), who travels the world in search of the best off-market deals. You’ll also hear from a panel of International Living’s in-country editors and correspondents dishing out everything they know, revealing the latest great-value properties they have found as they scout the globe.
In your mind’s eye picture brilliant white-sand beaches on your doorstep, just a few hours flight-time from the U.S., where you’ll find property at a fraction of the cost back home…how about a great deal on a sun-drenched, white-washed house with a shady courtyard in the Mediterranean…or a luxurious retreat nestled in the lush valleys of Central America…
We’re constantly uncovering the most desirable and affordable real estate on earth…that’s why we publish Your Own Home Overseas—to share these opportunities with you.
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This special report covers the 10 things you must know before buying property overseas as well as pointing you to some of the best places in the world to buy real estate…and it’s yours free when you sign up for Your Own Home Overseas e-letter below.
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Mexico is set to become a developed country in the coming decades. We can benefit most from this economic transformation in the beach city of Playa del Carmen. Playa del Carmen, a veritable boom town today, is already a well-recognized name among tourists. But today it’s becoming something more than just a hot spot for travelers.
Though the evenings come sooner and the cold is beginning to bite, there’s still enough sunlight in an Irish September to enjoy the splendor of the countryside. Summer leaves are fading to shades of brown, amber, and ﬁery orange. On the telegraph wires, swallows gather in preparation for their annual migration to southern Africa. I enjoy all four seasons in Ireland, from the ﬁrst winter snowdrops to the summer strawberries. But it’s days like today, the last vestiges of fading summer warmth before winter arrives in earnest, that you really appreciate walks in the countryside.
In 2009, the global financial and economic crisis steam-rolled through fragile Portugal. In the six years since, I have been closely watching the real estate market in the Algarve (that’s the popular tourist destination at the nation’s foot). I have made four scouting trips here in recent times. Finally, it’s time to make a move.
For millions of folks, golf satisfies something in the soul: hitting that one pure shot…breathing fresh air…and walking an immaculate course…the fast friendships forged on the fairway (and in the clubhouse bar). The game we know today has its origins in Scotland in the 15th century. popularized by British royalty, it soon spread throughout Europe and beyond.
Sipping my locally grown coffee on the sun-drenched balcony of my house in Chiang Mai, Thailand, I sometimes have to pinch myself. It’s a far cry from the numbing cold myself and my wife Nancy endured during our many winters in the interior of British Columbia. Chopping firewood, shoveling snow, and piling on four layers of clothing…I don’t miss any of it.
A cobbled square, an outdoor café, a sky full of stars. Vincent van Gogh’s Café Terrace At Night is laden with the romance of place—I always want to step into the picture and sit at one of the tables…drink a glass or two of wine…join the patrons in idle conversation. Van Gogh painted the picture during his time in Arles—a small city in Provence in the sunny south of France.
Life in and around the town of Pedasi is lived on outdoor terraces. It’s here that you’ll find people sipping their morning coffee, eating breakfast, and swinging or rocking in the shade—hammocks and rocking chairs are a common sight.
Picture yourself retired in Italy…spending your mornings with Italian coffee, fresh-baked bread, bright-colored melons, and a spread of soft mozzarella cheeses, tomatoes so red that you can’t keep your eyes off them, and dark, rich jams—all locally made, of course.
If you’re looking for a laid-back destination—but don’t want to be far from First World sophistication—few places fit the bill better than coastal Spain.
Bay after bay (22 in all) of crashing blue surf, craggy cliffs, beautiful rock formations, and pristine virgin beaches surround San Juan del Sur on Nicaragua’s southwest coast.
Imagine living in a sophisticated, seaside resort city with First-World amenities all right at hand. Your condo is comfortable and airy,
The dazzling Caribbean island of Roatán offers much more than spectacular sugarsand beaches and cozy, inviting bays. You’ll also find mountainous terrain lush with vibrant tropical flowers. Head up any of the many hills that form the interior to be awestruck by the surrounding Caribbean Sea, its surface sparkling in the sun, its depths tinged with aquamarine, topaz, and soft green hues.
The news out of Brazil is bad. Really bad. I’m excited. I’m excited because, while the media’s stories imply that the whole nation is a mess, I know that’s not the case. But most people don’t know that. And for you that opens a window of opportunity. You see, Brazil’s media is centered in, and dominated by, Rio and São Paolo. What reaches us as “Brazil news” is essentially just Rio/São Paolo news. And yes, there are troubles in Brazil’s economy, no question. But I’ve been focusing my attention south of Fortaleza in the northeast, and I’ve come across some great opportunities.
In the northwest corner of Spain you ﬁnd a land where the bagpipes, known locally as the gaita, is the preferred instrument, a hallmark of the region’s Celtic heritage. The Galicia province, one of the least-known Celtic nations, is littered with Celtic sites. These include ancient places of worship and stone huts similar to those found in other parts of the Celtic world. Festivals with Celtic origins continue to be celebrated. And the local language, Gallego, even has several words of Celtic origin. Today the region is an autonomous community within modern Spain.
You’ll enjoy some of Mexico’s ﬁnest quality of living for a fraction of what you’d pay in the U.S. or Canada. All told, a couple can comfortably call this paradise home for around $2,500 to $3,000 a month. Simple meals in local restaurants will run you $5 or less. One of my favorites, ﬁsh tacos, can be had for $1.50 each in the no-frills beach restaurants. And in stores, you can expect to pay prices similar to those in the U.S. for imported foods, but fresh produce is a bargain…try a pound of tomatoes for 65 cents or two pounds of fresh fruit like mango for $1. There are big savings on property taxes and healthcare, too. And where else can you enjoy life in a two-bedroom condo a stone’s-throw from the beach, in a premier beach town, for under $700 a month rent?
I’m a cynic. I’ve traveled enough and read enough about travels to firmly doubt most things. Like my grandpa used to say: “Believe none of what you hear and only half of what you see.” But I’ve seen the light. That is, I’ve seen the rose-hued glow of an Alentejo sky and it really does […]
You step from your dining room onto a large balcony. It’s warm out—short-sleeves only—and the sun is dipping behind forest-clad mountains. Cut-stone steps lead down to your cobbled courtyard and from there your split-level garden. Your orchard’s looking good: Lemon, fig, olive, avocado, and cherry trees laden with fruit. Maybe now’s the time to fire […]
Costa Rica’s northern Pacific is a place where you often might be one of a dozen people on the beach. It’s laidback and on a reasonable scale. Small villages. Quiet resort towns. Manageable. Lots of trees and natural areas. Not crowded. The level of development, though increasing, is still very small. And the attention development […]
Imagine coffee on your terrace as you enjoy spectacular views of lush green mountains and the valley and town below. Parrots glide overhead as the sun sets over the mountain… A lot of living is done outdoors here in the Central Valley region of Costa Rica. A major draw is the comfortable year-round climate. The […]
Picture a kitchen garden, orchards of fruit trees, your own slice of jungle, and stunning lake views… This is the Lake Arenal region, and you can have a dream homestead here with large properties for sale at affordable prices. When it comes to up-and-coming destinations for expat home buyers in Costa Rica, this part of […]
Europe offers rich culture, history, sophistication and—with today’s strong dollar—affordable living as well. The InternationalLiving.com report points to the five best-value countries for a European retirement today.
It’s 10 a.m. in the morning and I’m strolling a nearly-deserted beach. A few people walk their dogs along the boardwalk, or paseo marítimo, while joggers pass them at a steady, even pace. I’m wearing only a light sweater over my sleeveless top, and within an hour I’ll shed it, as temperatures rise to a pleasant mid-70s F. By afternoon, sunbathers will dot this long beach, a few hardy souls even swimming the still-chilly waters of the Guadalquivir River. More will enjoy al fresco meals at the many water-side restaurants, their faces tilting toward the sun as they enjoy freshly-caught seafood and the region’s crisp white wines.
You notice the difference the minute your vehicle starts lumbering up the excellent road that circles the city. You suddenly feel a cool breeze through the window; everything is green and fresh. You’ve left the hot lowlands behind. You feel like you are somewhere else as you pass acres of coffee beans drying out in the sun, trees that you’ve never seen before, mountain vistas at every turn, and horses and cattle on their ranches eyeing you curiously. Miles and miles of thick forest beckon you to explore.
Eleven years ago, I made my first public speech about opportunity in international real estate. The topic? “Nicaragua: The Next Costa Rica?” I argued that indeed it was. The premise of my talk was straightforward. Over time, I predicted, Nicaragua would develop along lines similar to those tourist-friendly Costa Rica has followed.
The glittering, cerulean Mediterranean. Not a bad view every morning as you enjoy coffee and croissants from your terrace. Life is good. Sunny days. Freshcaught seafood. Crashing waves your lullaby every night…or for those drowsy, afternoon, after-lunch siestas. And salt-scented breezes keeping things cool.
I could never have afforded my tropical-island property if I didn’t use it to earn. And earn it does…I bring in between US$50,000 and US$60,000 a year. If you rent your second home part of the year, it can pay for itself, in fact, it may even make you a healthy profit.
While I have a second home overseas, I’m certainly never going to be featured in “Lifestyles of the Rich and Famous”—even though people may have put me in that category. How can I afford a luxurious home on a tropical island without a millionaire’s bank account?
Rome…3,000 years of culture, good food, and an appreciation of the finer things in life packed into one city… Today’s Rome still bursts with excitement, romance, and a cosmopolitan atmosphere, making it a great choice for retirees who appreciate convenience along with good food, great wine, and history.
I have a home in Fiji…that pays for itself. You can insert any international locale here: Tulum, Dominican Republic, Spain, and it will have the same effect among your friends, instant celebrity status…and the same potential to make you money. But that’s not why I bought the land in Fiji and built a house. It […]
Las Terrenas in the Dominican Republic is a special hidden place where miles of beach weave their way around verdant elevated points. The sands are tan in places, white in other. The turquoise waters break in white explosions offshore where they meet reef. French and Italian pioneers came to this charming little place before the rest of the outside world had found it. They came in search of adventure…the perfect beach…and friendly local neighbors to share it with.
A new era of relative peace has allowed Colombia to prosper. In the past decade, annual GDP growth has typically been in the 4% to 6% range. In U.S. dollar terms, Colombian stocks have tanked. The local currency, the Colombian peso, has fallen hard against the U.S. dollar. The reason? Collapsing price of oil. Brent crude oil is down 50% since June 2014.
From bustling beach towns to small ﬁshing communities, stunning stretches of sand to lush rainforests teeming with life, Costa Rica’s Central Paciﬁc coast has a huge variety of lifestyle choices to offer expats. And thankfully, it has the real estate to match. The name of the game in the Central Paciﬁc is good value. Beachfront and walk to-the-beach properties are bargain-priced compared to anything you’d ﬁnd in popular resort areas of the U.S. And there truly is something for everybody, whether you’re into the vibrant atmosphere of a resort or the peace of a ﬁshing village.
Sinking my toes into the warm white sand, I lean back in a plastic chair warped by the sun to give it a reclining effect. Homemade tortilla chips heaped on the plate in front of me are perfect for dipping into the ceviche of fresh ﬁsh caught just off the coast. And the $2 chelada, a lager beer on the rocks—Pacíﬁco is my favorite—with a liberal dose of lime juice and salt on the rim, hits the spot.
Spain’s best beaches are hidden amongst pristine nature preserves, ancient pine forests, and historic cities that span civilizations. They have been discovered only by a small number of surfers, locals, and hippies. Now, thanks to a special distressed situation, you can buy in this undiscovered Spain for as little as one-third of what it used to cost.
The Lord of the Rings’ soaring mountains… Roman Holiday’s famous monuments and historic sites… and the tropical locales of Pirates of the Caribbean…it’s doubtful these blockbuster films would have had such an impact without those dramatic backdrops to the action. Even as CGI and green screens become more widespread, there is something about a real, physical landscape that can’t be replicated by bits and bytes.
Right now the U.S. dollar buys more in Europe than it has in over a decade. It means that this is a smart time to buy property in certain markets—including Ireland, Portugal, and Italy—according to the live-overseas experts at InternationalLiving.com. A €100,000 property that would have cost $139,000 last March costs just $106,310 right now, a discount rendered by the currency-exchange rate alone. “In good-value markets that made sense at ‘full’ price, this favorable exchange rate is effectively putting properties on sale, and the bargains can be unbelievable. The timing is right for Europe today,” says InternationalLiving.com’s real estate expert Ronan McMahon.
Something strange happens when you’re buying property overseas. It happens to cautious folks, wary folks, even savvy folks that are seasoned pros when it comes to buying real estate. It’s something you need to watch out for. It’s getting caught up in the fine details of your contract…and, in doing so, losing sight of the forest for the trees.
When I imagine the perfect beach, I picture sunny Italy. There are plenty of options to choose from. Besides the multitude of sandy Mediterranean coves and the glorious sweep of Adriatic beaches you’ll see in glossy brochures, there are numerous white and golden beaches along Italy’s Ionian coast.
Playa del Carmen lies about midway between the all-inclusive resort hub of Cancún and the up-and-coming, low-key and still somewhat bohemian destination of Tulúm. It’s a happy medium between those two extremes and a favorite for those seeking to live an active retirement in an atmosphere that is sophisticated, yet laidback at the same time. Casual dress and relaxed attitudes are the keys to living in Playa del Carmen. The region is the Riviera Maya, a focal point for tourist activity and site of investment by the Mexican government, which started with Cancún in the 1970s and spread down the coast. The feel is First World, with services, infrastructure, and amenities to match.
Property markets in Europe are moving again—and right now you can find some great bargains in stunning settings. At time of writing, the U.S. dollar is strong which means you get more bang for your buck. In fact, your U.S. dollar buys you 24% more euros than it did this time last year. And, right now your dollar goes further in Europe than it has in over a decade. If you’re looking to buy real estate on the continent, now is the time to buy. A €100,000 property that would have cost you $139,000 last March costs $106,310 today, a discount rendered by the currency-exchange rate alone.