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Rental homes now popular with overseas retirees
| Published: | 22 Nov at 6 PM |
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The boom in expat retirees over the past decade has led to real estate prices in a number of world expat hot-spots to soar, with many new arrivals now deciding to rent rather than buy.
Homes in developing nations deemed suitable for expats have increased considerably in value, with many reaching prices seen in the USA and even the UK. With investments underperforming and the cost of living a vital consideration, renting a home in the sunshine is becoming more popular.
Real estate specialists are in agreement, saying that renting rather than buying can be very cost-effective for older people wishing to retire abroad. A major advantage is that, should the area in which you’re living no longer suit, it’s far easier to just pack and go, even to a new country.
Australia is a favourite for UK retirees, although it’s expensive to get in. Social services are well-organised and private health insurance costs less than in many other destinations, as do the medical costs themselves.
Friendliness, good weather and great beaches have made Mexico’s coastal city of Puerto Vallarta a popular retiree spot offering affordability and value for money in its rental properties. A large expat community helps the settling-in process.
Alicante isn’t just a favourite with package tourists in summer, as its abundance of rental properties at reasonable prices draw year-round expat residents. Frequent budget airline flights direct to the UK and the rest of Europe are an added attraction, as is the long-established expat community.
Homes in developing nations deemed suitable for expats have increased considerably in value, with many reaching prices seen in the USA and even the UK. With investments underperforming and the cost of living a vital consideration, renting a home in the sunshine is becoming more popular.
Real estate specialists are in agreement, saying that renting rather than buying can be very cost-effective for older people wishing to retire abroad. A major advantage is that, should the area in which you’re living no longer suit, it’s far easier to just pack and go, even to a new country.
Australia is a favourite for UK retirees, although it’s expensive to get in. Social services are well-organised and private health insurance costs less than in many other destinations, as do the medical costs themselves.
Friendliness, good weather and great beaches have made Mexico’s coastal city of Puerto Vallarta a popular retiree spot offering affordability and value for money in its rental properties. A large expat community helps the settling-in process.
Alicante isn’t just a favourite with package tourists in summer, as its abundance of rental properties at reasonable prices draw year-round expat residents. Frequent budget airline flights direct to the UK and the rest of Europe are an added attraction, as is the long-established expat community.
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