Searches for real estate in Canada reached a 282% increase overall after the US election results, according to Point2 Homes data, with a 400% spike in searches for Ontario homes. While most Americans thinking to leave the United States prefer Canada, not all are willing to face the harsher weather in, say, Cape Breton Nova Scotia.
Winter is coming! Luckily, there are plenty of trendy immigration alternatives close to the US. We’ve compiled a sunny list of hot spots that could turn into targets for an American Exodus.
Is it really surprising that many US citizens are looking for real estate in Mexico? It’s close by, it’s warm, beautiful and notoriously fun. And let’s not forget that Mexico real estate is not only attractive, but also a bit more affordable than the median house price in the US, depending on the area. For example, Mérida real estate had a median asking price of $111,000 in the first quarter of 2015.
Searches for how to move to Mexico are the fourth most popular in the US right now, behind Canada, New Zealand and Australia. Traffic on Point2 Homes spiked 151% within the first 24 hours after the election. Read this handy guide to buying a home in Mexico if you’re considering “running south of the border…”. You may also be interested in checking out Mexican immigration rules.
The most popular among house buying destinations in the Americas for Americans is this small country at the southern end of the Yucatan Peninsula. Real estate prices vary wildly, according to area and amenities. There are plenty of luxury homes available, but living on a budget is also possible without much hassle. It all depends on your expectations – Belize can accommodate anyone.
There is one very important rule though: don’t buy any real estate until you’ve checked it in October and November. That’s the peak rainy season in Belize, and if a home holds up well then, you can rest assured it will do so throughout the year.
If you’ve found that perfect nook you’ve been dreaming about, look over these rules of immigration to Belize.
3. Costa Rica
Costa Rica lies at the southern end of Central America, and is one of the most adored vacation destinations in the Americas. Why not let this be a chance for the vacation to become permanent? Home prices in Costa Rica are quite affordable, hovering between $112 and $160 per square foot.
Traffic on Costa Rica real estate has more than doubled on Point2 Homes in the hours after the US election results were announced.
For example, you can find a 3-bedroom single family home in Santa Ana priced at around $200,000, which is a third less than the average listing price for a home in the US. Still not convinced? Have a look at a list of Costa Rica properties for $300,000. You can also read the procedure for applying for residency in Costa Rica, as outlined by the US Embassy in San Jose.
Panama is not only a very hot tourist destination (excuse the pun), especially for US residents and Canadians, it’s also seeing huge demand for real estate from these same countries. With the average price hovering around $185/sq. ft., there’s still plenty of variation to suit all needs and budgets.
For instance, a high-end, three bedroom ocean-front condominium can set you back $350,000. However, there are homes with lots of green space and ample room, with asking prices around $100,000 as well. Either way you look at it, Panama looks like a wonderful retreat, as well as a great place to start anew.
Check out the Panama Immigration Services website if you want to learn more.
5. Dominican Republic
A lot of things are going well for the Dominican Republic: great surges in international tourism, endless white sandy beaches, a stable government and three international airports. All of these greatly encourage international real estate purchases, not to mention the 50% property tax exemption the country offers for foreign buyers, according to their national tourism office.
To sweeten the pot, home prices in the Dominican Republic are still lower than in the rest of the Caribbean. Beachfront property prices start as low as $150,000. There are many reasons to move to the Dominican Republic, least of which is the current political climate in the US.
The website of their embassy in the US outlines Dominican Republic immigration policy in clear terms.
Ecuador is famous first and foremost for the Galapagos islands. It may be a little more far removed from the US, but what you may not know is that it offers some of the best real estate prices out of all of countries we’ve mentioned above.
For example, sprawling 3,000-5,000 square foot ocean-front homes for under $300,000 are not hard to find in Ecuador nowadays, especially as the market has been dropping slightly in recent years due to an oversupply of residential properties.
It’s a wonder more Americans aren’t considering this gem of a country as a viable option for relocation. Don’t believe us? Have a look at the picture below! And then check out the Ecuadorian immigration laws.
Bonus: The UK
It’s not close by, it’s notoriously not very sunny, and yet Twitter is buzzing with messages from US residents considering moving to the UK. A fair number of the Queen’s subjects currently living in the US are also voicing thoughts of moving back “across the pond”.
“Blighty” may not have the exotic appeal of the Caribbean, but it does offer gorgeous, historic homes and spectacular views, especially in the countryside. It is true that London real estate is some of the most expensive in Europe, with The Guardian reporting average home prices of around $650,000. However, after the Brexit vote, these prices have decreased significantly.
If London isn’t necessarily your target, you’re in luck! Average prices in the East Midlands, for example, stand around the $230,000 mark, which is quite a bit less than the $300,000 median asking price for American homes. Leicester awaits!
Want to learn more about the wonderful opportunities waiting south of the border? Don’t wall yourself in – check out these informative articles:
Oceanside Elegance: What $250,000 USD Buys You in Mexico
Moving to Costa Rica: Guide to Buying a Home
Affordable Holiday Homes in the Dominican Republic for $100,000 USD
Luscious Living: Luxury Condos for Sale in Panama
Beach Luxury in Belize for $350,000 or Less