April 22, 2014
"Kathleen, I was reading your best places to buy and wondered why you had not suggested Turkey. I myself am selling a property there right now, at a loss I might add. "They are overdeveloping in parts of Turkey just like they did with Spain, in particular around Alanya. I am unsure if I have done the right thing by deciding to sell now, having heard that it is the best time to buy and that prices are likely to go up! "I wondered if you had any thoughts on this. Also many Russians are buying into this area, and I do hear that some people are selling because of that alone. I would really appreciate your thoughts. "Thank you so much." --Beth N., United States Resident global property expert Lief Simon replies: I haven't paid much attention to the Turkish real estate market until recently. I know that, yes, as you suggest, some parts of that country's coast have been developed like the coast of Spain has been developed—which is to say badly and without proper planning. However, I do think there could be opportunity in Turkey now and that prices could be poised to appreciate. Kathleen and I are planning a two-week visit to the country in early July. I'll have more to report then.
April 17, 2013:
"Kathleen, we saw you on Fox Business Channel. Very impressive. Thanks for letting us know you would be on."
--Armand B., United States
"Kathleen, enjoyed watching you on the Bloomberg interview! Well done.
"In the interview, you focused on Panama. Have you changed your opinion on Belize in favor Panama considering citizenship, ease and taxation of consulting business, currency, financial stability, and cost of real estate/living?
"I almost have my wife convinced to make an exploratory visit to Belize. Should I flip her over to Panama?"
--Randy J., United States
No, no, I haven't changed my position on Belize, not at all. Both Belize and Panama are great choices. Which one might be better for you depends on what you're looking for.
Belize is my top pick for a place to go to leave the rest of the world behind and one of the best places in the world to pursue what I refer to as a resilient lifestyle. Also, the language in Belize is English, which can be a plus if you intend to do business.
Belize is also a tax haven...but so is Panama. And the way is well paved in both countries. That is, both Belize and Panama are home to sizable and growing expat communities.
The healthcare is better in Panama than in Belize.
In Panama, the folks speak Spanish (mostly) but use the U.S. dollar as their currency, meaning retirees have no exchange rate risk, which can be a big plus.
Panama is a country mid-boom. Belize is, has been, and I'd say always will be boom-free.
Residency is easy to establish in both countries. Note, though, that neither the pensioner's visa in Panama nor the QRP in Belize leads to citizenship. Other residency options in both countries can, though.
Again, both Belize and Panama are great choices. It all comes down to what's important to you.
"Kathleen, I'm working on a very long to-do list and planning to make my move to Panama first week of July. Very exciting and just a bit scary at the same time. 'Ballsy' for a single woman 69-years-old, but what the hey? Life should be an adventure, and I'm all in."
--Libby H., United States
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Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.
Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.
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