Latin America has become a popular destination for people seeking investment opportunities, lower taxes, and a more adventurous lifestyle. One of the benefits of buying property in Latin America is that it can offer affordable beachfront opportunities. With property prices sky-high right now in many Western countries, buying a property in Latin America can offer a great value. The following are few countries in Latin America with some of the cheapest real estate.
Nicaragua is the first on the list. It is a quirky and colorful beach town on the Pacific coast of Nicaragua. San Juan del Sur is an authentic place with numerous different beaches, expat communities, and more local communities. You can find a one bedroom, one bath casita just 5 minutes on the beach for $85,000. Nicaragua has a very affordable residence permit in Central America, with very flexible, foreigner-friendly tax laws.
Santa Marta is Colombia’s oldest surviving city, located on the Caribbean coast with a permanent population of less than 40,000. It’s becoming a sought-after destination for tourists and retirees. A two-bedroom, two-bath, 925 square-foot apartment on the fifth floor with balcony, parking, 24-hour security, sauna, and swimming pool can be bought fully furnished for $86,000. You can buy a property in Colombia and get a residence permit with more flexibility on how much time you need to actually live there.
It offers one of the country’s best real estate investment markets and the most popular, most upscale, for Ecuador, beach lifestyle. Salinas is Ecuador’s largest coastal resort and is sometimes called Little Miami Beach because of the plethora of white, mid, and high-rise condominiums that sprout from the sand and curve around a crescent bay. You can get a two-bedroom, two-bath condo for $84,000 with an ocean view from the rooftop Jacuzzi. Ecuador offers a path to citizenship with some presence in the country.
Honduras is another country to consider. Roatán is an island in the Caribbean where you can buy affordable property. It has been popular with sporting types, especially those diving. Honduras also offers resident options with moderate tax rates, and you can work towards citizenship by living there. You can live on the English-speaking, Creole-speaking part of Honduras that is detached from the crime that is present on the mainland. Quality apartment near the beach will set you at $100,000.
Mexico is also an option to consider. It has many opportunities along the beach with lots of different destinations, such as Ixtapa, Portico, Los Cabos, and Riviera Maya. Mexico has a huge coastline, and many of these places are some of the safest places in Latin America. You can get a residence permit in Mexico, whether you’re making an investment or whether you simply have some money in the bank or have an income, and you can work towards citizenship by living there.