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Bargain Global Real Estate

Kathleen Peddicord by Kathleen Peddicord
Jul 14, 2010
in Retirement/Living
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Pocket Money Real Estate

“Can you still find property for US$50,000 or less?” asks Overseas Retirement Letter Editor-in-Chief Lynn Mulvihill in the current issue.

“That was the initial challenge I set for myself for this month’s issue. Only I didn’t leave it at that…

“Of course you can find a building lot for less than US$50,000. And, if you look, you can find plenty of opportunities for small renovation projects for relatively small change…and closet apartments in fallen-down suburbs across the globe.

“But can a retiree find a comfortable home, in move-in condition, in a part of the world where he might actually want to spend time, for less than US$50,000?

“Those were the criteria for my search for real estate to feature in the property section of this month’s Overseas Retirement Letter. I turned up interesting results…

In Kaposvar, Hungary

The town of Kaposvar, in the Lake Balaton region of Hungary, has good infrastructure, a pretty town center, thermal spa, hospital, and a shopping center. The property in question is located 15 minutes outside Kaposvar, in a small village that is 20 minutes from the south shore of the lake. On just over an acre (with fruit trees), the rustic house has a lounge, two bedrooms, a bathroom, cellar, garage, and an outbuilding. Price: US$47,978.

In Antipolo, Philippines

This detached Western-owned and furnished home is part of the Maia Alta development, 10 minutes from the center of Antipolo town. More than 1,800 square feet inside, the house has a kitchen/dining/living room, two bedrooms, a maid’s room, bathroom, and a utility room, with air-conditioning in all rooms and mosquito screens fitted to all doors and windows. The development has a swimming pool, tennis courts, chapel, and a shop. Price is much lower than comparable new units for a quick sale. Price: US$40,000.

In Kroustas, Greece

This furnished country cottage is located just five minutes from Krista on the Greek island of Crete. Property includes open-plan living room/kitchen, double bedroom, and shower room. Too small for some, at just 327 square feet, it has the advantage of being close to the charming village of Krista with its little shops, tavernas, and cafés, as well as a doctor’s office, bank, and a school. The nearest beach is 6 miles away, and there’s regular bus service to the popular tourist spot of Agios Nikolaos. Price: US$31,464.

In Veliko Tarnovo, Bulgaria

Located in a big village, 3 miles from the Sofia-Varna Highway, this property is 15 miles from the amenities of Veliko Tarnovo and 10 miles from the town of Strajitsa. The village is in a peaceful area with opportunities for leisure and recreation and is well supplied with shops, bars, a post office, and regular bus transport. The house is fully renovated with two bedrooms, a large living room, kitchen, bathroom, and a large basement to serve as a tavern. The garden has a terrace with a mountain view. Price: US$43,566.

In Irsina, Italy

This charming property in Italy’s Basilicata Region is part of a sustainable tourism project backed by the local city council. The listed price includes the property purchase, restoration work, and furnishings, so the buyer would have a turn-key property at handover. Called “Casa dell’Impagliatore” (“House of the Basket Weaver”), this two-bedroom apartment is 708 square feet and overlooks the square at the heart of the village, which can be used for outdoor living and dining. Features include original marble tiles. Price: US$42,356.

Full contact details for each of these Pocket Money Real Estate finds are featured in the current issue of the Overseas Retirement Letter, in production now.

Kathleen Peddicord

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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