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All prices are in U.S. dollars. We are not associated in any way with the owner or developer of the property listed below. Buying property in a foreign country can sometimes be tricky, so please do your due diligence before purchasing any real estate abroad.
Today's Real Estate Abroad:
What: Garden Condos
Where: Coastal village of Sosua, Dominican Republic
Price: From $66,000
Contact: GardenCondos@gmail.com | Web Site
Description: This attractive community has a large pool, and units have cable TV, air conditioning, granite kitchen countertops, tile floors. Close to beaches and shopping.
Dominican Republic Stats:
The Dominican Republic is located on the island of Hispaniola, part of the Greater Antilles archipelago in the Caribbean Sea. It shares the island with the country of Haiti and is the most popular tourism destination in the Caribbean.
Population: 9.5 million
Capital: Santo Domingo
Government: Unitary Presidential Republic
Monetary Unit: Peso
Languages: Spanish
Ethnicities: Mixed race 73%, White 16%, Black 11%
Literacy Rate: 87%
Air Travel Time from Santo Domingo to Miami: 2 hours and 15 minutes
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Retirement Abroad
Retiring abroad is not for everyone. It takes a certain kind of person to leave his or her country for retirement in another one, even one close to home. The primary reason that people retire in another country is to find a lower cost of living. Many South American and Central American countries, including Costa Rica, Belize, Uruguay and Panama, offer just that. It is true that many parts of these countries have been "discovered" and are nearly as expensive as areas of the U.S. and Canada. Yet it is still possible to find reasonably priced spots where real estate remains affordable. As is the case in most countries, property near the water usually costs more than property inland.
People considering retirement abroad are also often looking for a less stressful lifestyle, warmer climate and universal health care. While life in the U.S. and Canada offers conveniences and opportunities not found in large swaths of the world, a stressful and hectic lifestyle often go with them. And by retirement time, many folks just want a place where they can relax, sit back and watch the waves, leaving the trials and tribulations of modern life to others.
Often people travel to foreign countries on vacation and think that the country would be a great place to retire. This may indeed be true, but vacationing in a country for two weeks is much different from living there day to day and using the local public transportation, learning the language and being completely immersed in the culture. Make sure you have extensively researched the local ways and customs before making any permanent move. Better yet, rent a house for six months before relocating to a new country to make sure that it is the right place you.
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