Ireland is about the best place I can think of for genuine hospitality. Folks speak English—which is a big plus—and hopping around Europe from your Emerald Isle retreat is a synch thanks to low-cost airlines. (For example, flights of a couple of hours to France cost from $80.) I’m sure you know the country’s real estate market took a beating during the crisis. It’s picking up, but there are still great-value properties to be uncovered.
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.
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.
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?
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 […]
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.
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?
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.
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.
Long, unspoiled beaches…a new infrastructure project that will open up access to an undeveloped but seriously attractive region…and the chance to watch a real estate investment grow rapidly in value: just some of the reasons you need to be looking at Uruguay’s Rocha region. Little Uruguay is a small, open economy—and one of the best places to consider buying real estate in the world right now.
It’s been called the Sacred Valley, the Valley of Longevity, and the Valley of Eternal Youth. Tucked into the heart of Ecuador’s southern Andes, the little town of Vilcabamba has earned those monikers, and it’s easy to see why. Steep rounded mountains rise from all directions, giving the town a feel of seclusion and protection. The rich black soil turns out hundreds of varieties of edible plants. And warm weather year-round makes the place a permanent paradise. In fact, when the Ecuadorian tourism bureau decided to market the country as “The Land of Eternal Spring,” I’m convinced it had Vilcabamba in mind. With temperature highs averaging between 74 F and 79 F and lows never dropping below the mid-50s F, it’s tough for me to imagine a more ideal climate.
Uruguay’s province of Rocha has the country’s best beaches and most charming beach towns. And now the Path of Progress is due to roll down this coast. I expect real estate values will rise as accessibility improves. My contacts in Uruguay have been keeping me up to speed. One particular infrastructure project has my attention right now.
Imagine a place of rich, earthy smells, dappled light, soaring tropical hardwoods, and thick underbrush…the dawn calls of birds and the nighttime chirps and whistles of insects. From your terrace it’s as though you have Eden on the doorstep—a thousand shades of green and nature’s bounty. These days, living in a jungle home, you can have the best of both worlds: the feeling of being set apart, while enjoying conveniences like high-speed internet and air conditioning in your own paradise.
This is the nicest raw beachfront lot I’ve stepped onto in a long time. Warm breezes clear the scant, broken clouds, opening up a big blue sky. The sea is blue turning turquoise as gentle waves roll in. It’s a picture-perfect vista and setting. The beach stretches as far as the eye can see. Sandy points frame the horizon in both directions. In the distance giant dunes dominate the landscape. This beachfront lot is like a little oasis. Wild-growing palm trees sway. Colorful flowers crawl up walls and sprout from hedgerows.
Mexico’s Riviera Maya runs south of Cancun to Tulúm. The sand is white…and the water, turquoise. In the jungle, you’ll find Maya ruins. Offshore, the world’s second-longest coral reef is home to brightly colored fish. The biosphere at Sian Ka’an is a great place to hike, kayak, and study nature. The coral reef offshore attracts divers and snorkelers. Golf, hiking, spelunking in ancient caves…it’s all here. Tulúm is, and will stay, boutique. The Sian Ka’an biosphere means that much of the land is protected. Development will be low rise and low density—that’s if and where it’s permitted. Yet, amazingly, you’re just a 90-minute drive to the airport and two hours in the air to the U.S.
With stress-melting coral-sand beaches, warm tropical seas, an eclectic mix of welcoming locals and friendly expats, and international dining, the Dominican Republic epitomizes the laidback, sun-kissed lifestyle the Caribbean is known for. And you don’t have to be rich to buy a home here. I explored two up-and-coming beach towns, Cabarete and Las Terrenas, which offer exceptional Caribbean island value; you’ll find newer condos starting at $100,000, sometimes even less. Even better, many properties on these sumptuous stretches of coast will cover all your ownership costs and could even make you a profit. This is among the very few places left in the Caribbean where you can buy affordable, quality properties and take advantage of a robust rental market.
In the early and mid-2000s, Europe’s real estate markets embarked on a massive tear. People re-financed, often to buy a vacation home or make a speculative investment in Europe’s sunnier locales. Values rose and rose…until everything stopped. The market imploded and real estate owners found themselves deeply under water. By 2009, with a few exceptions, Europe’s real estate markets had halted. Transactions simply stopped. The gulf between sellers’ expectations and what buyers were willing to pay was so great that there was nowhere for them to meet. Now markets are moving again. And in four countries in particular—Ireland, Portugal, Greece and Spain—I see opportunity today. An added plus is the current strength of the U.S. dollar. At time of writing, your U.S. dollar buys you 24% more euros than it did in March 2014. Now, I’m not a currency guy, and I’m certainly not making a call on future euro-dollar exchange rates, but it makes European opportunities all the more attractive right now.
Imagine waking up in the morning and enjoying a leisurely cup of coffee before heading out your back door to get breakfast. You gather eggs from your hens. Tomatoes, peppers, and herbs, all from your kitchen garden, as well as homemade goat cheese, are added for an excellent omelet. The fresh-squeezed orange juice comes from your trees. Life in the cities and suburbs of the U.S. can mean being far removed from the origins of the food we eat. If you dream of getting back to the land, you’ll find hobby farms with fertile soil, ideal growing conditions, and great locations throughout the world.
Today real estate shoppers in Spain will find good-value properties at bargain prices in three scenic mountain towns—Mijas, Ojén and Torrox—located 30 minutes from the popular resort town of Marbella. With more than 2,800 hours of sunshine a year, this region attracts travellers and expats looking to escape a harsh winter back home and save money at the same time. “A couple can live well for about $2,400 a month, including $600 in rent,” reports InternationalLiving.com editor Nazareen Heazle.
For more than 11 years I’ve traveled all over Latin America. From the U.S.-Mexican border all the way to Argentina, I see firsthand the opportunities this vast land has to offer. I’ve never seen a better time to invest in development land in Latin America than right now. The biggest returns in development come to the earliest speculators who take positions. You don’t need deep pockets to invest in development land—if you know how to do it. Nicaragua, for example, is a country of stunning natural beauty and abundant resources. It has a young population and its economy is catching up from a very low base. It has great potential as a retirement and vacation locale for North Americans. In the early 2000s, money and people raced in. Many didn’t have the skills or the experience to develop real estate.
A populace that appreciates art, a local government that supports artistic endeavors, and a network of galleries to show your work…these are key ingredients for artists choosing a place to live. Surroundings that inspire creativity, whether through architecture, natural beauty, or indigenous influences, are also important. Finally, affordable accommodation and studio space are vital as well. A place where you can live well on a little income and concentrate on your work. Fortunately, even as artists get priced out of metropolises like New York City and Paris, other cities have stepped in. These havens can be found around the world. And even if you’re not a painter or sculptor, these cities are great for those who love and appreciate art…not to mention perfect places to sample new styles and snap up unusual pieces at bargain prices.
Some things haven’t changed at all since I moved to Ireland. Friday night’s throb of bodhran drums in Cryan’s bar. The shy Sitka deer flitting out of the woods like shadow creatures from a Celtic twilight. The swans that come to over-winter on the loughs (lakes). The man with the van selling home-grown potatoes… Others things have changed. The house prices that soared ever upwards during the boom years have come now down, down, down. In Lakeland counties and villages along Ireland’s longest river—the Shannon—numerous properties are on the market for under $150,000.
Hip, trendy, vibrant… Those three words sum up Playa del Carmen, Mexico. This is a boomtown, plain and simple. Over the past 20 years, the population has exploded. Fifth Avenue, the main shopping and entertainment drag, is described locally as the longest pedestrianized street in the Americas. Each time I visit—that’s every month for the last three months now—it feels like new blocks have sprung up and fashionable restaurants and boutiques have opened their doors.
It’s a sun-drenched morning as I stand at a lookout point above the town of Mijas. Below me, the gleaming white buildings, with their roofs of rust-red tile, tumble down the mountainside. The pine-covered hills of the Sierra de Mijas mountain range reach up into the clear sky to my right. On my left, I can see the Costa del Sol—the Sun Coast—with the glittering Mediterranean Sea stretching to the horizon. It’s a comfortable 66 F here in Mijas, which is located in southernmost Spain. With more than 2,800 hours of sunshine a year around these parts, it’s the perfect place to escape a harsh winter back home.
The decade leading up to 2006 saw Ireland suffer through one of the biggest real estate bubbles on earth. The real estate market stalled in 2006/2007, amid rumors that transfer taxes were set to be reduced. Then in 2008 the crisis hit. In 2009, the global financial crisis rolled through, flattening Ireland’s entire banking sector and economy. In your July 2011 edition, I reported how Irish real estate was available at a discount of 80% on peak prices. Today, Ireland’s real estate market is bouncing back. News stories are filled with talk of housing shortages and fast-rising values. These reports are correct. There has been a strong surge in demand for family homes in desirable areas of Ireland’s main cities. The big buying opportunity here has passed, but right now Irish real estate is a tale of two markets.
Encompassing Mexico’s Yucatán Peninsula, Guatemala, Belize, and parts of El Salvador and Honduras, La Ruta Maya (the “Maya Route”) covers the territory of the Maya civilization, which reached its height from 250 to 900 A.D. One of the New World’s most advanced cultures, the Maya had written language, mathematics, a sophisticated calendar, and architectural skills that saw them construct massive temples and spectacular cities, many of which still stand. However, the Maya were never a single empire; rather, kings ruled over small territories surrounding a city.
Foliage presses up against the perfect, charcoal gray road. Though this time of year is known as the “rainy season” in Panama, the sky in this region is a powerful blue, and the sun is shining hot and strong. It’s quiet, and I pass very few cars…and perhaps just as many horses. For my recent scouting trip I drove the five hours from Panama City to Pedasí, a town of about 2,500. It’s a place that’s been growing in comfort and convenience— slowly but surely—since 2004. Over the past couple years in particular, it has become a burgeoning expat hub. Still, it remains a place where a couple can live on $1,300 a month including rent, and as little as $950 if they own.
Contrary to what your broker, banker, or financial advisor has probably told you, you can own just about anything in your retirement account—not just the products they choose to pitch at you (generally stocks and bonds). You can own all sorts of investments within your Individual Retirement Account (IRA)—and 401(k), too, for that matter—including foreign real estate. Most IRA custodians have a list of approved investments that they won’t deviate from. I do understand why they keep options so limited: They must endure grueling audits. If they do anything wrong, they can be fined or shut down by regulators. It’s just easier to say “no” to anything even slightly off the beaten track.
The original Riviera (from the Italian word for “seashore”) sprang up in southern France and the bordering region of Italy. Upper-crust Brits, northern Europeans, and—later—well-heeled Americans flocked here for the beach resorts, casinos, and parties. Author F. Scott Fitzgerald had a villa here in the Jazz Age, although it’s said he was a horrible party guest. The term riviera has been adopted by regions all over the world, in places where the sun, surf, and vacation vibe live on. And when we hit the new-school rivieras in the developing world, expect to get a real bang for your real estate buck.
Carlos stares into the afternoon sky, scans the horizon, and glances at his cell phone to check for messages. Then, using his machete and with a few deft flicks of his wrist, he slices through the scrub. Brightly colored butterflies float on the breeze. Whenever they come close, Carlos gently brushes them away from us and away from any danger to them. Carlos, though hardly five feet tall, wears the wide smile common among Mayans. It’s contagious. He’s one of the most successful developers on the Riviera Maya but here in the scrub, he’s a world away from bustling Mexico City where he spends a lot of his time. In the Riviera Maya is where he’s at his happiest—not in any boardroom or first class airline seat.
Imagine a morning walk that takes you along a winding path shaded by towering pines. Nestled in the woodland around you are homes with pleasant gardens, flower-filled pots and bougainvillea-draped walls. A few minutes is all it takes to reach the low-slung dunes. You pause on top to take in the view: 18 miles of brilliant golden sands fringing the warm tropical waters of the South China Sea. About 10 miles out are the Cham Islands, a biosphere reserve where you can dive on coral reefs and explore the ancient ruins of the Cham civilization.
This valley reminds me of the Blue Ridge Mountains of North Carolina. Here, as there, ancient rolling hills are blanketed in a mix of pines and broadleaves. Then the bus I’m on passes a clutch of palm trees. Okay, not quite North Carolina. The Serra Gaúcha region, in southern Brazil, is practically unknown abroad, but it’s very popular with Brazilians. They flock here to enjoy the temperate, highland climate, so different from much of mostly-tropical Brazil. (Serra, in fact, means “highlands.”)