For many of us, the pandemic was a shock to our system. Gone are the days where you can just board a plane and fly off to a new destination. As the pandemic progresses, many of us are now thinking of the possibility of living somewhere else, especially thanks to the flexibility many are now experiencing as they work remotely. In fact, according to the US State Department, an estimated 9 million U.S. citizens live overseas. Many of us are yearning for new adventures, love the lower cost of living, and let’s not forget political, professional, or romantic reasons.
The rise of new technologies and resources makes it even easier for people to connect and work. With social media and organizations that help with expats, connecting with each other has alleviated many of the traditional stresses of moving. While a Covid-free Palau might not be your cup of tea, there are other places in the world that offer attractive reasons for moving or investing in real estate.
Here are our top picks:
Affordable living costs, beautiful beaches, and the Costa Ricans’ mantra of “Pura Vida”(translated pure life) make this country a magnet for American retirees to live. Its proximity to the mainland U.S. also makes it a highly attractive option. Costa Rica is recognized as one of the most peaceful and positive countries in the world with no army since 1948. Need I say more?
The vast wildlife, temperate climate, and low cost of living make this country a top pick for many. Its cultural heritage sites such as the Amazon Rainforest, Galapagos Islands and not to mention the 12 hours of daylight, 365 days a year makes it an attractive place to live. With its many festivals, social activities, family-oriented lifestyle, and welcoming locals, it is no surprise that in a recent Expat Insider survey, it ranks among the top 5 countries worldwide on the subject of feeling at home.
If investing in real estate is of interest, France might not be the obvious pick. However, the U.S. dollar is still creating Euro bargains for American buyers looking to invest. Prices go up and down as with everywhere else in the world but one of the most appealing features of the French property market is the availability for foreigners to receive in-country financing. Good food, great wine, excellent healthcare, amazing culture and history, and access to the rest of Europe all in one package.
While Portugal is an ocean lover’s paradise, with its golden sand beaches you are also able to immerse yourself in a country that is rich in history. You’ll find culture everywhere as it is dotted with castles and cathedrals and Roman ruins. According to International Living, the cost of living even in big cities in Portugal runs around the $2500 to $3,000 USD per month while Forbes calls Portugal the easiest place in the world to make friends. If you are looking to become a resident, visas are available for self-employed individuals, investors, and retirees. This is a place where your dollars will stretch but where the quality of life is high with excellent healthcare and a welcoming place.
Now that we’ve whet your appetite for a taste of living outside the U.S., a global payments company is a great partner to have as you consider moving abroad, buying property, retiring in the sun, or getting married overseas. Reach out to us to discover some of the key tools and services to help you make the most of your international payments with moneycorp.