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    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
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    • Belize
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    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

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    • Living & Retiring Overseas
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    Follow Us:

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    Buying Real Estate For Cashflow

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  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Greece Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    LEARN MORE
    DISCOUNT
    LEARN MORE
    PRE-REGISTER
    LEARN MORE
    PRE-REGISTER
    • MORE EVENTS

    Contact Our Events Team

    Toll-Free U.S. and Canada:
    1 (888) 627 8834
    From Outside North America:
    1 (443) 599 1221
    Working Hours
    Monday – Friday 08:00 am – 17:00 pm EST.

    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

    Unlock The World

    • Access Your Library

    Overseas Havens Reports

    • Expats' comprehensive destination guides

    Conference Kits

    • Hours of coverage  from our latests conferences

    Lahardan Books

    • Titles on living and investing around the world
    • Explore Our Store
    Your passport to a life well-lived abroad

    Services

    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
    Global Property Advisor Global Investment Opportunities

    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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Live and Invest Overseas
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Home Real Estate

Best Countries To Own A Second Home

Top Options For Owning Another Home Overseas

by Live And Invest Overseas
Nov 30, 2024
in Real Estate
0 0
Beautiful sunrise over tropical beach and palm trees in the Dominican Republic. caribbean haven Best Countries To Own A Second Home

AdobeStock/sborisov

Owning a second home overseas comes with a lot of benefits. But what are the best countries to buy in?

Everyone will have a different idea of what a dream home overseas will look like. For that reason, we will take a look at some different countries, with a variety of options available. From beach to mountainside and city to country. Our list spans North and Central America, the Caribbean, South America, and even Europe.

We take a look at some of the best countries to own a second home and the reasons why you might want to buy there.

Panama

an empty beach san blas panama
iStock/Simon Dannhauer

Panama is a country with a choices for just about every type of second home buyer. Panama City is a major city and you can buy luxury apartments of houses, or more modest dwellings. There are mountain living options in Boquete and Volcan, where Spring-like temperatures last all year. The rich volcanic soil makes growing fruit and veg incredibly easy.

Coronado is an expat beach town on the Pacific Coast, with a lots of bars, cafes, and services aimed at expats. In some places there are more people speaking English than Spanish. One hour from Panama City, this is a safe and convenient place to enjoy the beach.

Pedasi or the Azuero Coast are where you can find the most affordable real estate, and many of the best beaches. Most expats don’t make it this far, so you will need to speak Spanish. This area is far less developed and much more of a countryside lifestyle.

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Portugal

Portugal seaside town of Sintra. Best Countries To Own A Second Home
iStock/Xantana

Owning a second home in Portugal comes with the added advantage of a European residency visa. This visa allows you to travel freely within other EU countries. It also comes with the potential to apply for a Portuguese passport further down the line.

The best places to buy a second home in Portugal are Lisbon, Porto, and the Algarve. Lisbon and Porto are historic cities with solid infrastructure. They’re both safe and vibrant places to live. Both a vibrant cultural scene, you can find great cafes and restaurants as well as museums and galleries.

The Algarve is one of Europe’s major tourist destinations. Each summer, vacationers from across the continent head to the Algarve to enjoy the hot weather and pristine beaches.  Despite this, you can find stretches of the coast that remain quiet. Inland areas are typically tourist-free too.

Dominican Republic

Best Countries To Own A Second Home
iStock/Preto_perola

The Dominican Republic has one of the easiest residency programs in the world. Prove that you have a guaranteed source of income, and are free from contagious and you are likely to be accepted. Within 2 years you can apply for naturalization.

The Dominican Republic is also one of the last affordable places in the Caribbean. The beaches are the equal of Barbados, Jamaica, or any of the name-brands too. If you like the idea of retiring in the Caribbean but thought it  was too expensive, then the Dominican Republic could be the answer.

The Dominican Republic government is working hard to turn the country into a major tourist resort. Money is being poured into infrastructure projects including roads, health care, and airports. Perhaps the best place to live is Las Terrenas, which is an expat town with a European feel. Santo Domingo and Monicon are other interesting options.

Colombia

colombian city of medellin mountains in background
iStock/Alex Farias Photo

Colombia has two places that we like to recommend for owning a second home. The first is Medellin. If you’ve been reading this site for a long time you will know that the ‘City of Eternal Spring’ is a long-time favorite. Medellin is a tranquil, leafy city, and offers a really high standard of living. Real estate is very affordable, and will stay that way for as long as the dollar stays strong.

The Caribbean city of Cartagena is the other option. Cartagena is an historic port-town full of brightly painted buildings. This is a lively city that is being positioned to be a major tourist town. A second home here means buying into the path of progress.

A second home in Colombia opens up other Colombian investments to you. Agricultural investments in Colombia like coffee and timber have been generating steady returns. This is a great way to diversify your portfolio. On a personal level, it means you can have money in your bank account waiting for you when you arrive in Colombia.

Mexico

guanajuato in mexico colonial city
iStock/SL_Photography

A second home in Mexico comes with one big advantage over the others on this list. You can jump into your car and drive to it. The convenience of this shouldn’t be underestimated.

Mexico is a great option for people setting out on their first overseas adventure. The culture has a lot in common with the United States, and there are plenty of places where English is widely spoken. It’s also a well-travelled path, and you can easily find people to help you out with the administrative details.

The tourist towns like Playa Del Carmen and Cancun are solid choices but we tend to recommend other places. Mazatlan is a charming beach town with colonial architecture that is mostly off the map. Prices are low and there are fewer tourists during the peak season.

Durango is a mountain town that offers bargain real estate and a pleasant way of life. It’s another off-the-radar town with lots of colonial architecture and low prices. Durango is only a couple of hours drive from the coast.

Tags: 'invest in panama''overseas property investment''real estate overseas'best places for international livingbuying property in Portugal
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Live And Invest Overseas

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

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HOME

Top Countries

  • Spain
  • Portugal
  • Panama
  • Belize
  • Colombia
  • Cyprus
  • Mexico
  • France
  • Montenegro

Best For:

  • Health Care Abroad
  • Retirement Living
  • Cost Of Living
  • Investing in Real Estate
  • Establishing Residency
  • Gun Ownership
  • English Speakers
  • Safety
BROWSE ALL COUNTRIES

Budgets

How Much Will It Cost
To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

Resources

Global Living

  • Living & Retiring Overseas
  • Raising A Family Abroad
  • Foreign Residency & Citizenship
  • Offshore & Diversification

Making Money

  • International Real Estate
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  • Employment
  • Investing
Meet Our Experts

Real Estate

Overseas Property Alert 

 

How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

VISIT SITE

Buying Real Estate For Cashflow

 

Discover tips and strategies used by global property investing veterans

READ MORE

Explore Our Latest Posts

 

Learn how to invest and purchase property abroad…

EXPLORE

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VALENCIA, SPAIN Sep. 17-19, 2025
LEARN MORE
DISCOUNT

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PANAMA CITY, PANAMA Oct. 15-17, 2025
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PRE-REGISTER

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VIRTUAL Nov. 13, 2025
LEARN MORE
PRE-REGISTER
MORE EVENTS

Contact Our Events Team:

Toll-Free U.S. and Canada:
1 (888) 627 8834

From Outside North America:
1 (443) 599 1221

Working Hours
Monday – Friday 08:00 am – 17:00 pm EST.

Reach us with your questions by email at: events@liveandinvestoverseas.com

Store

Overseas Havens Reports

  • Expats' comprehensive destination guides

Conference Kits

  • Hours of coverage  from our latests conferences

Lahardan Books

  • Titles on living and investing around the world

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