By Harriet Murray • Cochran Real Estate• July 2012
Panama has a program to attract retirees called “pensionado.” This program provides for discounts for use in restaurants, hospitals and clinics, professional services. A 25% discount is given on domestic flights and more discounts on public transportation. There is no age limit for discounts.
In Mexico there are some of the best prices for homes and ideal warm weather year round. Snowbirds and retirees alike are attracted to this location and they are within driving distance, which is unique compared to many other retiree destinations.
Malaysia has a serious program to attract retirement by offering benefits and incentives as a government effort to attract residents. There is plenty of English spoken and quality internet, cell phone coverage and well maintained roads.
Colombia has a very large expat population in Medellin. The health care system ranks high and the cost of living is well suited for a fixed income. There are lifestyle choices of restaurants with different cuisines, cinema, and other entertainment.
New Zealand has English as its first language. Cost of living is low for every day as well as some luxury items. Low pollution and a healthy lifestyle are appealing to many expats.
Spain has the most expensive real estate of countries on this list, but it has culture, history, food, music and art, and a modern infrastructure with a dependable rail service.
Thailand has beautiful beaches and temperate weather all year long. There is an exciting culture with many entertainment options. There are lots of expats and English speaking people to help one adjust to living in an eastern mentality rather than western.
Honduras has a shorter flight back to the US, while providing beachfront with scuba, fishing, sailing, and kayaking.
Ecuador is the Florida or Arizona for the expat community. Retirees enjoy 50% discounts on transportation, utility bills, international round trip flights starting in Ecuador, as well as tickets for cultural and sports event. Foreigners can enroll in the country’s social security medical program for less than $60usd a month. There are a lot of expats and English speaking residents already there.
Studies to determine the cost of living, ease of assimilation, and proximity to family in North American were conducted by “International Living.”
This article is based upon legal opinions, current practices and my personal experiences in the Puerto Vallarta-Bahia de Banderas areas. I recommend that each potential buyer or seller of Mexican real estate conduct his own due diligence and review.