Prepare to buy in Panama. I first scouted real estate opportunities here nine years ago and since then there has been a lot of changes. The canal is being expanded with a $5.25 billion investment and an investment of $1.9 billion investment in a new city-wide metro. Balboa and Colón were two of Latin America’s busiest ports last year.
Spain is in a terrible mess. The banks and the country are broke, by any reasonable measure. Spain’s regions (like U.S. states) have also borrowed too much. Unemployment tops 27%.
Each time I visit Costa Rica’s stunning lake country of Arenal, I wonder how this place has remained so long under the radar.
Yesterday I told you about one of my proudest discoveries: a mirror-flat lake whose dark green-tree-lined shore rises steeply to the cone of a towering volcano.
For decades Brazil was known as “the country of the future.” Today it has arrived. Brazil is the world's sixth-biggest economy, having recently overtaken the United Kingdom. Brazil will host the 2014 soccer World Cup and the 2016 summer Olympic Games. It’s the world’s biggest food exporter. And it’s a world leader in renewables and awash with oil.
Because the area has lost residents in the past half-century, there are lots of properties available, but you have to make an effort to find them. Most towns don’t have real estate agents. We found our little 300-year-old casa in the village of Trivigno thanks to the village’s former mayor. We paid just $32,000 for the habitable house with three separate stone-hewn cantinas, used to store firewood and wine.
I don’t blame them. Basilicata is possibly the least-known region in Italy. Located at the ankle of the boot, it cuddles up to Puglia, Calabria, and Campania and is the most sparsely-populated part of the country.
We’re all alone on the beach of this picture-perfect paradise. To get here, we took a road that winds its way through hills of rich green palm trees.
It feels too perfect to be real. Blindingly bright white sand. Shallow flat turquoise waters teeming with brightly colored fish. Palm trees dotted along the soft sands.
The beach town I’ll tell you about today is a special place. When the ﬁrst visitors came over the hills on donkeys a couple of decades ago, all they found were ﬁshermen’s colorful beachfront huts.