10 Best Countries to Buy A House Under $100,000.
Buying a home overseas can be the beginning of a retirement adventure, even for those with a modest
budget. You don't need to be a millionaire to be able to own a home in another country.
In select destinations throughout the world you can buy a home for as little as $100,000 or less,
including, in some cases, at the beach. You may even be able to improve your retirement finances
by securing an affordable home overseas. Getting onto the property ladder has always
been one of the safest and best ways of securing long-term wealth. By purchasing property abroad,
you have added safety should the U.S. market fail. Especially in 2021, when the strength of the U.S.
dollar made overseas property great value for money. Unlike stocks and shares, real estate is a
tangible asset you can enjoy. Buy real estate in a country where you like spending time, and visit it
for vacations. The rest of the year you can rent it out for extra income. Alternatively, you can
buy real estate in a Southern Hemisphere country and use it as an escape from the U.S. winter.
Here are ten of the world's best places to buy a home of your own for under $100,000.
10. The State of Mississippi. Mississippi is a southern U.S.
state with the Mississippi River to its west, the state of Alabama to its east, and the Gulf of
Mexico to the south. Its Mississippi Delta region is considered the birthplace of blues music,
honored at the Delta Blues Museum in Clarksdale. Not all affordable properties require you
to move to a developing country where nobody speaks English. You can move to a developing
country where everyone speaks English instead! While you won’t be moving into a grand ‘oil
plantation house, you can get a decent bungalow and a quarter-acre of land for under $100,000,
The UN ranked Mississippi as a “developing state”, which rankled the tempers of Mississippians and
helped downgrade housing prices. The state is beautiful and the government works fine
and infrastructure is secure. Best of all, you won’t need to travel very far to visit home!
9. Costa Rica. Known as a Central American country, Costa Rica
is rugged, rainforested with coastlines on the Caribbean and the Pacific.
Where else in the world can you walk in as a foreigner, buy up property with no hassles,
and enjoy the same property rights as citizens? What other country in the world has no military
and requires no visas? Costa Rica is a real estate investors dream come true. Waterfront
houses in Santa Teresa and Playa Guiones costs about $100,000. That’s right in the middle of
tourist country, so all of the infrastructure and amenities are close by. Remember,
that’s waterfront property, with your yard facing a beach.
And you can spend your whole life there without ever being hassled by the Costa Rican “Man”.
8. Mexico. You used to be able to live
cheaply in Mexico, but the average housing price in Mexico City and around the Gulf has
risen dramatically in the past few years. You can’t find anything for under $100,000. You can,
however, look to the Pacific coast or down south. There you’ll find the
same kind of laid-back living that Mexico is famous for, and $100,000 will easily get you
a small villa or a nice air-conditioned condo with a couple of bedrooms. This probably isn’t
ideal for family living, but if it’s just you, why not take it easy for a while?
7. Vietnam. If you want more stability and
less crime and corruption than Cambodia offers, head next door to Vietnam. Although technically a
Communist country where the ownership of private property is outlawed, Vietnam has a thriving
real estate market. It seems all that Marxist mumbo-jumbo gets in the way of making money,
so now people can buy property in Ho Chi Minh City and Hanoi. A gated bungalow in Hanoi will cost you
$50,000, which means you can live like a king for many years with the other $50,000. Property
prices are rising very quickly, so if you’re going to get in for under $100,000, do it fast!
6. Cambodia. $100,000 in Cambodia
basically makes you an emperor. The country is one of the poorest in Asia but is currently going
through a boom. Standards of living are rising as are property prices.
Of course, it’s all relative. You can buy a 3-bedroom apartment in Phnom Penh
for $50,000, or spend all $100,000 on a beachfront condo in touristy Sihanoukville.
Be aware that a new law bans foreigners from owning property. This means you can
buy an apartment, but it can’t be on the first floor. With those views, however, who cares?
5. Albania. If you’re looking for a more
European-lifestyle than South America can offer, Albania might be right up your alley. They’ve got
beautiful Adriatic beaches, hundreds of miles of forest, gorgeous old-style European towns,
and a few cities with all the amenities and nightlife. You can buy a 3-bedroom townhouse in
Tirana for around $60,000. That leaves you with $40,000 in your pocket, which will give you an
extravagant lifestyle for two years! As members of the European Union, you get to travel to all
the rest of the continent while always coming back to your beautiful, cheap, beachfront home.
4. Bulgaria. The Jewel of Eastern Europe sits
on the Black Sea and has dazzling beaches. The capital, Sofia, is a beautiful city that mixes
classical elegance with modern glitz. You can live here for around $80,000! A house on the Black Sea
will cost you about $75,000, while a shiny new condo in Sofia will run you $90,000. According
to Numbeo, the average cost of living for food, utilities, transportation, and clothing is around
$200 a month. With a stable and growing market and the strong protections of the European Union, your
investment is well-protected. Plus you’ll get to learn some pretty funky traditional folk dances!
3. Thailand. Thailand offers something for everyone.
You could buy a $10 million luxury penthouse suite in a shiny all-glass building in the
heart of Bangkok, or you could enjoy a quiet, simple house on the coast for around $30,000.
The general rule of thumb is that the closer to Bangkok you get, the more expensive everything
is. You won’t find much for sale on the crowded tourist islands of Koh Samui or Krabi,
but head to Surat Thani or Rayong and snatch up a cheap house right on the beach. The political
situation in Thailand has stabilized a lot recently, so your investment should be protected.
2. The Philippines. Retirees have been flocking to
the Philippines in recent years due to the low cost of housing and the excellent health care.
You don’t need to be a Baby Boomer to buy a home here, however. If you have $80,000, you can get
a nice two-bedroom apartment in Manila. A house near a beach on one of Philippines 7,000 islands
will cost you about $60,000. Food is cheap, the weather is warm, and health care is affordable.
Just watch out of corrupt officials, such as traffic cops. And if you try driving on
Manila’s insane roads yourself, at least you’ll have some cash left for the hospital bill!
1.Ecuador. Imagine living in a condo on a beach
facing the Pacific Ocean. It’s always warm and breezy, and the locals are beautiful and cultured.
Also, it only cost you $75,000 for this lifestyle! If that sounds like a dream,
head to Ecuador and make it come true. Sure a somewhat-malign dictator keeps law and order with
an iron fist, but so long as you’re not dealing drugs or marching in Marxist demonstrations, they
won’t bother you. According to Global Property Guide, expect to pay between $75,000 and $95,000
for a shiny new air-conditioned condo, and $100,000 for a house.
Being able to acquire your own house overseas is a dream for everyone. When you
can get the opportunity to buy a home for a minimal cost of less than $100,000,then
you should consider yourself a great investor as you can rent it out and make more money.
The above mentioned countries have proven that with $100,000 and below, you can own a very good
home. We hope you enjoyed this journey with us through the 10 best Countries to
buy a house under $100,000. Don’t forget to like, share, subscribe,
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