Cheap places to retire around the globe
Oct 28th 2010 10:00AM
Updated Nov 8th 2010 3:18PM
Both of those attributes are things residents of the U.S.A. find appealing as well, so if you're looking for a little adventure, consider these British retirement hot spots. And we've also checked Kayak to see what it would cost you to fly back to the states for the holidays:
The South of France
If money is no object, consider the romantic Côte d'Azur, but the Telegraph says that nearby Languedoc and Gascony are equally charming and home prices are within the realm of possibility – under $800,000 for a farmhouse. Round-trip from Paris to New York in December: $845.
Florida. The Telegraph says it wouldn't wish some parts of Florida "on its worst enemies," but it likes the Gulf Coast and concludes that while the cost of health care is much higher than it is in Britain, the overall cost of living is much lower. If you promise to take them to see Mickey, maybe the grandchildren will come see you.
Le Marche, Italy. The Le Marche region on the Adriatic Coast has both mountains and beaches. The Telegraph says property is far cheaper than it is in popular Tuscany. An ad in the Sunday London Times featured a house there with six bedrooms in "move-in condition" for $350,000. Round-trip from Rome to New York in December: $840.
Australia. The Telegraph says that living Down Under can be very relaxing (no language problems), but apparently, getting the right immigration visa is tough. Be prepared to prove that you have enough income and assets not to be a burden on anyone. Consider settling in Victoria or New South Wales rather than the pricier Gold Coast. Round-trip from Sydney to New York in December: $2,754 (ouch).
Thailand. The scenery in Thailand is gorgeous and the living costs are low. The Telegraph recommends the island of Koh Samui and the mountain city of Chiang Mai where the golfing options are great. It advises against Bangkok, which it says is polluted. Round-trip from Bangkok to New York in December: $1,252.
Antigua. English spoken here and the Telegraph says it's not nearly as expensive as many Caribbean islands, but it still has more than 300 beaches to choose from. Plus, it's close enough, if you get tired of it, you can afford to fly home. Round-trip from Antigua to New York in December: $342.
Canary Islands. Just off the north coast of Africa and a ferry ride from Spain, the Telegraph says Lanzarote and Fuerteventura are "probably the most interesting islands" with lovely climates, very little development and a low cost of living. Round-trip from Lanzarote to New York in December: $982.
Cyprus. This island country in the Eastern Mediterranean, south of Turkey and west of Syria and Lebanon, has hot summers and mild winters, as well as beautiful beaches and the Troodos Mountains. Round-trip from Cyprus to New York in December: $901.
Ecuador. This South American country is on everybody's "best place to retire list." It has both the Andes Mountains and beautiful beaches, and the cost of living is very low. The Telegraph estimates that you can live in the colonial town of Cuenca for less than $2,000 a month and still afford a maid. Round-trip from Ecuador to New York in December: $432.
Morocco. This Islamic country in North Africa has year-round sun and low living costs. The Telegraph also says there is a generous tax policy for foreign residents and it's easy to buy property. Round-trip from a gin joint in Casablanca, Morocco, to New York in December: $1,133.