This is what can happen when the Path of Progress rolls through. Real estate prices rise faster than the rate at which shiny high-rises spurt from beachfront sites. In Cancun, Mexico owners of little fishing huts became millionaires.
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.
Every year, more than a million visitors travel to Ecuador for a taste of what this small South American country offers. The Galapagos Islands are undoubtedly Ecuador’s biggest attraction, but those who choose to explore the mainland itself are in for a cultural treat. This equatorial country is soaked in tradition—some of which originated in the times of the Incas, or even earlier. I’ve lived in Ecuador for three years and the longer I’m here, the more I learn and experience. And because the locals are so friendly and welcoming, I’m often included in their traditions—if you spend more than a few days in one place here, you will be too.
I’ve been doing a bit of travel around Ecuador recently, and in December I stumbled onto my new favorite city. Restored grand colonial buildings sport fresh bright paint. Tumbling rivers run right through the heart of the city. A growing international expat community and ridiculously friendly locals make fitting in easy and dining options...
The first time I visited the small, colonial town of Las Tablas, I was there for one reason only: to party it up Panamanian style. I’d heard that the yearly Carnival celebration here rivaled Louisiana’s Mardi Gras, and I wanted to see for myself. The festivities did not disappoint. Everything was loud and raucous and colorful…and wonderfully so. Gorgeous Carnival queens danced on floats that had been crafted into big intricate displays. People were dancing in the streets and offering me drinks. Craziest of all, big fire hoses were being used to douse revelers with cool water…so at high noon when the sun shone hot and strong, the party didn’t stop.
Like so many baby boomers, Suzy Giles felt she was destined to continue working full-time in the U.S. She wasn't working a bad gig—conducting wine tours in Napa Valley, California—but it didn't leave much time to pursue her passion for painting. So she began to explore her options overseas for a location affordable enough to allow her to retire...and discovered Cuenca, Ecuador. After visiting the colonial city twice, Suzy took the leap. That was almost two years ago and the decision has proven to be a good one. "I wanted an adventure," says Suzy. "I needed to stay out of life's ruts and to get out of my comfort zone."
Before my wife, Cynthia, and I relocated to Cuenca, Ecuador from the U.S, we made an exploratory trip. Even though only a few years previously, we had never even heard of Cuenca, we were pleasantly surprised by what we found. The city more than lived up to its UNESCO World Heritage designation with carefully preserved colonial architecture throughout the historic district...
Back home, you are energetic and enjoy a life full of activities, friends and diversity. You want it to stay that way and you have your priorities. Nature makes you happy. After a lifetime living in cold weather, you’d like to throw away your winter coats. Health care and safety are major concerns. Starting a business entices you, but isn’t it too late? You love your delicious coffee and going to great restaurants with your friends. You seek volunteer opportunities to help people and give your life more purpose.
For years, Richard and Amy Griffin ran successful businesses in the southeastern United States. Amy’s focus was interior design, while Richard was a food distributor for restaurants, hotels, and country clubs. Things were going well until the economic downturn hit in 2008. “Charlotte is a banking community and all my customers were pretty much bankers, so they pulled the plug immediately, because they had no clue what was going to happen,” says Amy.
In this Global Real Estate Index, you’ll ﬁnd listed the 27 places in the world today that boast the most attractive, and potentially lucrative, real estate opportunities. Each of these places has something special to recommend it…some attribute you won’t ﬁnd elsewhere. Those that top the list hold the most proﬁt potential right now. Those at mid-table and below are ones to watch.