With the long cold winter nearing its end, it’s time to look forward. Spring is on its way and with it the sunshine – before you know it, it’ll be summer! Images of sandy beaches and blue seas are certainly a comfort during the frigid winter months, but why settle for imagery alone?
A rising number of people are joining expat communities around the world, seeking warmer, more enjoyable climates. It’s not all just about a bit of extra sunshine though. Moving abroad can change your life, creating new opportunities and a fresh start. The temptation to leave the cold city behind and ditch the uninspiring office job lingers in many minds. But is it feasible?
Well, the good news is that it is indeed a realistic dream that could very well come true. It’s not always easy to navigate foreign real estate procedures, but with a good agent and attorney, you’ll find the process far more forgiving.
Mexico and Costa Rica are among the most popular destinations for Canadians and Americans looking for a change of pace. According to a study carried out by Realtor.com, the beach towns of Tulum, MX and Dominical, CR are two of the world’s best and most affordable. So, whether you’re looking for sun and surf, or a place with a beautiful view from where you can work remotely, have a look at what each has to offer.
The Mexico real estate market is considerably more affordable than neighboring US states and offers some incredible opportunities to settle down in an exciting new place. Indeed, Mexico was named the 3rd best destination for expats in 2017, with a bustling US, Canadian and European expat community.
The ancient Mayan town of Tulum is nestled among ruins, the azure Caribbean Sea, swaying palms and long sandy beaches. This paradise on earth is home to a humble population of 18,000 and is an increasingly popular vacation destination. People love it so much, they never leave!
Despite its popularity, there are a number of incredibly affordable Tulum homes for sale, many of which are priced at less than $100,000. Luxury condos in new, self-sustainable developments carry very attractive price tags, while family houses are generally slightly more expensive. With such a fantastic selection, the town is popular among a wide variety of expats including retirees, college graduates, entrepreneurs, and freelancers.
Buying property in Tulum requires foreign buyers to set up a trust through a Mexican bank. While the process is somewhat complicated, it’s by no means impossible and is well worth the effort. The aforementioned trust would be valid for 50 years and can be transferred to heirs.
Dominical, Costa Rica
Costa Rica is another increasingly popular destination for expats looking to relocate. Coming in as the second-best expat destination in the world in 2017, the warm climate, breathtaking scenery and relaxed pace of life are certainly tempting. The Costa Rica real estate market is also extremely accessible, with foreigners enjoying the same rights as locals when it comes to buying property, as well as minimal taxes.
The former fishing town of Dominical is an attractive place to settle down in and has enjoyed a transformation in recent years, becoming a surfer’s paradise. Thousands of tourists and travelers from around the world flock to the town each year to take on the 10 ft waves and enjoy the pleasant climate and sandy beaches.
A haven for lovers of the great outdoors, Dominical real estate comes with very tempting price tags. A number of homes are priced at less than $200,000. Paired with a fractional annual property tax of just 0.25%, life can be extremely comfortable here!
Numerous gated communities have recently been developed – offering very affordable prices – though there are many standalone properties on the market. With descriptions such as private waterfall, mountain views, and short walk to the beach, it’s no wonder the small town enjoys a buzzing expat community.
In this ever-changing world, technological advances enable more and more of us to work remotely. If it’s something you could do and you’re tired of winter, offices and big city life, why not consider writing the next chapter of your life? There are fantastic beach towns dotted around the world, offering affordable property and the chance to live life to the fullest!