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Retire To Costa De Oro, Uruguay

Kathleen Peddicord by Kathleen Peddicord
Aug 01, 2011
in Retirement/Living
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Costa De Oro–Affordable First World Beachfront Retirement

“You probably thought that the days of finding a house on the beach for US$75,000 were over…but they’re not,” writes Latin America Correspondent Christian MacDonald.

“I’ve been living in Uruguay for several years. This is a jewel of a South American country, boasting many world-famous beaches along its Gold Coast. I’m fortunate enough to call one of them home.

“However, there’s another section of this coast that I’ve only more recently discovered. This region of Uruguay’s Costa de Oro has been overlooked since the 1950s. It’s like it was left back in time.

“Here you’ll find what I believe to be the best seaside values available in any First World setting, 30 miles of uninterrupted golden sands, gentle sweeping coves, and uncrowded beaches.

“What makes the region even more noteworthy is that it also hides some of the country’s best coastal towns for full-time retirement living. Small, friendly communities with shady, tree-lined streets and stately homes from another era.

“These are towns where you can enjoy going out to eat, find excellent shopping, and meet up with a handful of fellow North Americans from time to time. Towns with drinkable water, high-speed Internet, and generally First World infrastructure.

“Best of all, again, this overlooked coastal stretch is in Uruguay, a country that’s emerging as an important 21st-century haven.

“Uruguay offers a peaceful, genuinely laid-back culture, plus, increasingly appealing, distance from the world’s troubles. Uruguay is also a place where expats can obtain residency easily, and even a second passport.

“It’s a country that offers a solid (and still-confidential) financial center, with an economy that actually grew during the recent worldwide recession. Uruguay is attracting increasing attention from investors the world over seeking financial and political safe haven.

“All things considered, I’d say that you can’t beat this country–a beautiful coastline with First World infrastructure, a solid democracy with a healthy financial system, and shady seaside towns where the beachfront homes are available for as little as US$75,000.”

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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