Housing is likely to be one of your biggest retirement expenses. One way to approach your search for the ideal overseas retirement haven is to focus on retire-overseas choices where housing is cheap. [Below I present five such places for your consideration.
So says Kathleen Peddicord in an article* which Lorimer Wilson, editor of www.munKNEE.com, has further edited ([ ]) ever so slightly for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. Peddicord goes on to say:
It’s important to note that, for these bargain rents, you won’t be getting a palatial or luxurious abode. I’m limiting my picks to places where you could rent something modest and cozy but reasonably outfitted from a North American’s perspective. Here are five places where you could rent for as little as $500 per month. [For those interested in retiring closer to home please read this article 0n the “Top 10 Places to Retire and Live in Mexico”.]
1. Leon, Nicaragua
Nicaragua has suffered serious bad press as a result of its troubled past and current president. Those unfortunate realities aside, this beautiful land of lakes and volcanoes has a great deal to offer the would-be retiree, including a new program of special benefits for resident retirees. There is also a growing and welcoming community of expats from around the world, top-notch health care in Managua thanks to the international-standard Vivan Pellas Hospital Metropolitano, and bargain-priced rentals.
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Leon is the second of this country’s two colonial cities, and generally less developed and recognized than its sister city, Granada. In many ways, Leon is preferable. It’s a university town with museums and theater that sits less than a half-hour from the coast. Because it’s been largely ignored until recently, it’s also a more affordable place to rent than higher-profile Granada. You could rent a two- or three-bedroom colonial house here for as little as $500 or $600 per month.
2. Medellin, Colombia
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