Four Countries To Retire In With $200K In Savings—And How Much Real Estate Costs There
Here at Agorafy we researched how much it would cost you to buy a home in the top four countries to retire.
Ever dreamed of retiring abroad? You know, affordable healthcare, better climate, more positive news—becoming an expat seems like an enticing option, especially one you no longer need to go to work Well, with abundance of information, planning and organizing the move to the country of your dream is quite easy.
Recently, Investopedia came up with this awesome list of countries where $200K in retirement will last you 30 years. Which basically means that your obscure dream has just gotten a price tag and, therefore, turned into a solid goal with clear requirements.
Here at Agorafy we decided to make planning even easier and researched how much it would cost you to buy a home in these countries. Don’t forget to send us a postcard!
This country has long been one of the most favorite expat destinations. The food, the landscape, the friendly locals—what is there not to like? It gets even better when you look at the real estate prices. A four-bedroom house in Quito will cost you somewhere between $90,000 to $120,000. If you’d rather not buy, then the rent for a 900-square-foot apartment will start at roughly $500 a month.
Costa Rica might just be the closest place to paradise on Earth. Which is why so many celebrities have already moved there—Britney Spears and Harrison Ford, just to toss a couple of names around. It’s not as if these folks needed a financial break. But you might—and guess what? Rental prices in beautiful and absolutely breathtaking San Jose can go as low as $621 per month or up to $1,317, reports Investopedia.
If you’re willing to venture a bit further from American shores, then Thailand is definitely one of the top choices on the list. Thai government is granting retirement visas to rich farangs who’ve reached the age of 50. “Rich,” by thai standards, means having monthly income of $1,863 or $23,000 in savings account. Think you could do that?
As of now, foreigners can’t own land in Thailand. One of the options here would be getting a 30-year leasehold ($90,000-150,000 for a house in Bangkok.) Which would probably be enough since your 200K savings are also supposed to end by then.
We know, we know, not everybody craves exotic. How about culture, architecture and all that stuff? Well, if you’d rather settle down in Europe, there are affordable options there, too—look no further than Spain. One person could live in Madrid for as little as $694 a month, reports Investopedia. Property price tags might be a bit higher than in South America, with an average 900-square-foot apartment going for $190,000 – 220,000. But in comparison with what real estate costs in New York, home in Madrid are a steal.