Where to Buy Property Abroad With $250K

0:00Everyone's watching those videos of Japan old homes in villages and you know you can buy something worth $10,000 and $20,000 and people think it's such a good deal. The fact is a lot of those communities are unfortunately dying. If you're buying in a city, is the city growing or declining in terms of both population and economy? What happens is firstly the services start to shrink. So for instance, the local dentist goes away, then you know the local store goes away, then the supermarket goes away, then you have this home, which is probably alright, but then there's nothing else, no community, and then you're sitting on a really boring piece of land that you don't want to live in.

0:40Welcome to Own the World Podcast with Abhi Debas, powered by INTRIC Global.

0:58Hi, and welcome back to Own the World Podcast. I'm Kathy Mbau and I'm here today with Abhii Dabas, founder and CEO of INTRIC Global. So this episode is a little bit different because we are actually testing real buyer motivation and it's more of like a case study, and hopefully it helps solve or ask answer all your questions about buying your first property abroad. So what is constant here is that there's a specific budget that we'll be working on. So today is putting that question to the test. And that budget is $250,000. Um, but again, it will depend on where you are in your season of life. So Abi, let's get started.

1:40I guess how are we doing?

1:42Good. There are so many different considerations or factors when you're looking at your first property abroad. And it can't be just this is my budget, give me the best property listing in the specific country. So let's start with why actually would you even consider to buy a property abroad? And this first one, which is pretty close to my heart, it's always occurred to me to be a digital nomad abroad. So this is kind of more personal. But if you are to advise me, I'm early in my career, I'm building it, and I want to grow my career as a digital nomad. I want to hear your advice as to which countries or cities to look into and other financial considerations, given that I have a $250,000 US budget.

2:28Yeah, that's an interesting exercise. So let's do it. I think yes, uh, it's always good to ask yourself why you're moving, right? And especially if you're buying property, that means it could mean either you like the place enough or you think it's a really good destination for investment and you may want to spend more time there. So there could be different reasons. But when it comes to digital nomadism, I would say, I mean, there are so many exciting places in the world. But let's go. I would say if I have to pick five, I would say number one would be Chiang Mai in Thailand. Uh then we would have Alicante in Spain. We definitely would want to include Tbilisi in Georgia, Medellin in Colombia, and I would say Cebu City in the Philippines.

3:14And and there are there are many more, but let's let's start with these five.

3:19Okay, that's that's a bit surprising that you included our country, the Philippines. Okay, so one by one, why this country specifically? Is it because first they offer a digital nomad visa? Is that the first thing that you're considering, or is it more of like budget-wise, this is where your money or my money will actually thrive?

3:40I think this is less to do with uh visas, because again, you can find different visas, and I'm not an immigration consultant, but this is more about why you would want to buy property there. So, for instance, first things, what's important for a digital nomad? So, firstly, the the number one thing is community, internet speed, which time zone you're in. So, for instance, if you're working with the US clients, I think Medagine is really good. If you're working in European time, then Spain becomes quite interesting. If you're working with Asian clients, then of course Chiang Mai is interesting. If you're working with clients in the Middle East, then Georgia is quite interesting as well. And Cebu City, again, I would say in terms of cost of living, Cebu being such a gateway to some of the most beautiful islands.

4:25So all those things are quite important. So let's let's purely talk about how attractive or unattractive some of these places are as the destination themselves, and then properties. So let's look at uh Chiang Mai. So you have really good community, you will find a lot of very interesting people. So, of course, Bali used to be a very popular digital nomad hub. It still is probably one of the most popular ones. But the fact is, people do talk about traffic, people talk about it's getting more expensive, and it's it's just not as easy as it used to be. And so Thailand obviously has a lot of different kinds of visas. Again, not immigration advice, you should go and check and and stay lawfully wherever you're staying, please.

5:05And and and of course, there are some really interesting professionals that you can meet, you know, multicultural, so you can always build your venture. Then if you look at which neighborhoods, I would say that Niman, Haman neighborhood, I was actually quite enamored with it, and I I was almost on the verge of buying something there, and I had made an offer and and unfortunately wasn't accepted. But in hindsight, maybe that that was good. But a few things to keep in mind. I mean, again, I don't want to tell people that every market is fabulous to invest, so some things to be careful about. One is the fact that there is that haze, uh, you know, which I hear is becoming better for a couple of months every year in Chiang Mai.

5:46So that is something to be, you know, at least aware of. Uh, the second thing is Thai property prices. Have they been going up? And, you know, would you get a lot of capital gains? The answer is probably no. But, you know, Thailand is an aging population, and equally, you know, the capital gains have never been high in the last many years, except for a for a very short period in Bangkok. And even now, let's say if you talk about Bangkok, the ultra-luxury market is doing really well. So, again, there are always pockets to generate returns. But I'm saying by and large, if you want to look at a market, I would say Chiang Mai, you should not expect very high capital growth, but you can definitely expect stable rental income.

6:26And then, of course, uh Thai Baha is quite strong. So that is something quite interesting as well. So I think in terms of construction quality, that is very critical because what happens in a lot of cities is that it it should not be a depreciating asset, and you buy something, and five years later it looks like it's 25 years old. So you have to make sure you work with the right developer and then the project is well maintained. So there are quite a few things. We can just do an episode on Chiang Mai itself, but let's move on. So again, I think the other place that I would talk about Medellin. Again, I think it's a really good place, really good community.

7:01The property prices are still very attractive. Again, there are different schools of thought in terms of what the you know prospects are, but it's an absolutely stunning place. So I always feel sometimes for some of these places you have to look at and say, if I love it so much, how many more people would want to come here as well? And that that becomes quite interesting as well. So one thing to keep an eye on is the taxes, which can be relatively high. So you have to see where your tax residence is. So something to keep an eye on. And then of course, people have made uh significant returns in both Bogota and Medellin over the years, and that's something to always keep an eye on.

7:36But very good destination. If you it's a beautiful country, you the food is excellent, people are a very friendly US time zone, and and I think uh if you buy well, then you can get good capital gains as well. So moving on, let's talk about Tbilisi, Georgia. So Tbilisi has already seen, I think, the prices double in the last five to six years, but still there is a lot of room for growth. Uh the you cannot expect crazy capital growth, but you can still expect healthy capital growth better than most European cities. I think visa and residency, there are good options. It's relatively low tax and there is no stamp duty, and you can purchase digitally, and uh there are there are a lot of benefits, and you have to again pick the right project, high-quality project, so that it's easy to rent out.

8:28And and I mean that's true for all these markets. You have to ask yourselves the apartment or the home that you're buying. Would you be selling to a foreigner or uh a local uh in the future? And who would you be renting to? So all those things, you know, make that decision easier or more difficult. So and again, there are different neighborhoods, so you have to ask yourselves which are the best neighborhoods. There are there's a neighborhood around all the embassies that's quite interesting. And then there is the old Tbilisi where there is there are fewer projects, but some people still like to be in the heart of Tbilisi. There are some really good big projects coming up in Tbilisi, so that's interesting to keep an eye on.

9:07But you also have to ask yourself where we are in the cycle and what's the room for growth? And are some of the developers charging tomorrow's prices today? So, you know, it's not just about a good market or a bad market, it's about the timing and is the price that you buy at, right? So you make money not when you sell, but when you buy, basically. So if you buy at the wrong price, then that's it, you're not gonna make any money. So uh let's talk about Spain. I think Spain, of course, is a is a really interesting market. Again, some people may not be familiar, but if let's say if you're a Filipino, then you can get uh, you know, residence in two years.

9:44And uh so that's an interesting angle there as well. So that's one of the reasons I picked a Spanish market as well. Now, obviously, Spain is not the most tax-friendly uh country, and it's not really typically a place that a lot of young people move to, but it is the most popular tourism destination in the world, if I'm not wrong. I think the the number for last year for tourism was somewhere around 85, 90 million tourists. I could be wrong here, but it was some insane number, and I was just surprised and uh at just how massive that number was. So it's very popular. Of course, you can find something in Barcelona, difficult, but I would say there are parts of Spain where you can buy something for under 250,000.

10:27You have to again manage your taxes and visas smartly. Uh, there are a lot of people moving from other parts of Europe because, you know, of the weather. I mean, it's wonderful weather, and and that's something that you have to, you know, to take into account. But the fact is, you know, great lifestyle. You would enjoy your life. Is it a wealth creation market? Probably not. Can you get uh reasonably good yields? Yes, uh, if you buy in the right neighborhoods. And I would say you will probably have the time of your life in terms of the food, the culture, the people.

10:57Yeah.

10:58Right, right. And for a digital nomad, I think you also started with something very important, the community, because you want to grow your business and connect with like-minded individuals, get referrals and all that. So that's something to look for when deciding to move. Right.

11:16And that's why we we we should talk about Cebu City as well, which I did not. Yes. So we have to do it. Again, Cebu City, Cebu City is one of those places where you can find that community. There are a lot of good co-working places. Uh, you can you again have to ask yourself. So the Philippines market obviously right now is going through a bit of a lull. And, you know, I think the the demand crashed and there is a lot of oversupply. So you have to then see what price you're getting, maybe better to get secondary market. Or if you're buying from a developer, make sure you get a good discount. Uh, you very, very important to look at the construction quality because apartments can, if badly maintained, look really, really old, and then you would find it very difficult to sell.

11:58In terms of visa and residency, one of the easier countries to move to. And again, there are, you know, of course, it's easier for older people. So say for 45 and above, if I'm not wrong, the SRRB or SIRB uh visas. So look into that, and that would be an interesting way to do that. And of course, some of the the places are really upcoming, and I think there is still uh a lot of room for growth in the market.

12:24Right. Okay. First, you said community, definitely look into rental income. What can you potentially earn? Um, technology, of course, that's a given. You have fast internet, you have lots of co-working opportunities, but also even if you're like a digital nomad, you have to look at the longer term. Are you going to resell this property? Who will be buying it? And is it like with good construction quality that you can resell it in the future once you know you decide to move again? So those are a few things that you mentioned. Let's see if those factors will change with the next kind of buyer. They have young kids and they're considering off putting them up in a university abroad for better opportunities.

13:09Um, again, with the same budget of 250k, which countries should they consider? Um, especially if, again, they have young kids and they want a better life and select the best university for them.

13:22I think here the hands-down winner has to be the UK. So the UK has some of the best universities, and most towns and cities have really, really good universities. Now, criteria was 250,000 US dollars, so that'll be a bit tricky for some of the markets. So Manchester was possible a few years ago, not so much, but if you really try hard, you might find something in Manchester for under that price. Uh, you can find something in Birmingham as well. I think the two markets that I would probably look at would be Leeds and Sheffield, and actually I would say three markets and Liverpool as well. So Liverpool prices have gone up significantly over the last eight to ten years, but I still think that uh there's room to grow.

14:06And uh the best thing about the UK is of course that rental yields are very high and it's easy to find tenants, and uh the the cons on the other side are the new renters reform bills, so which again makes some things a bit more tricky for landlords. But by and large, I would say it's a it's a country with limited supply and very strong demands. So if you are looking to, you know, buy for yourself, great, you know, and obviously if you want to then let's say after university, if you want to then rent it out, then you'll never have a problem renting out. And the other thing, as I say, is the construction quality.

14:43So that is probably one of the best globally. So what happens is even if you're trying to sell your apartment 10, 15, 20 years down the line, that it would have held its value really well. So that's uh something to keep in mind. A few other things to consider about the UK, foreigners do pay slightly higher stamp duty, and uh, but equally they can also finance their property. So pros and cons, like for most markets, but that's something that that's worth considering. The next one I would say would be Leipzig in Germany. Uh you can find something for under 250,000. Very interesting place. In terms of the market, I would say uh the period of strong capital growth is kind of subsided.

15:25And so you have to think of it as a strong, stable market, the largest economy and in in Europe. And also the fact that's very interesting is that you can finance your property in Germany as a foreigner and some of the lowest mortgage rates if you're buying a residential property. So, again, pros and cons. Sometimes German cities can be tricky for landlords and they are generally more tenant-friendly. But as long as you know you're doing everything by the book, I think it should be an interesting one as well. So the third one, which again a lot of people are quite enamored with, is Fukuoka in Japan. And so Fukuoka is coming up. I think it's one of the most exciting cities in Japan right now.

16:07So everyone's watching those videos of Japan old homes in villages. And you know, you can buy something for $10,000 and $20,000, and people think it's such a good deal. The fact is, a lot of those communities are unfortunately, you know, dying. And that's why sort of there are no takers for these apartments, and that's why they are selling for so cheap. So if you you have to also ask yourself if you're buying in a city today, is the city growing or declining in terms of both population and economy? Because if the population is declining, then there'll be fewer takers for your property. And then what happens is it's not just about property. You can't just live in the middle of nowhere, right?

16:48So what happens is firstly the services start to shrink. So for instance, the local dentist goes away, then the local store goes away, then the supermarket goes away, then you have this home, which is probably all right with the fact that you probably bought it for 40,000, but then there's nothing else, no community, and then you're sitting on a really boring piece of land or a or a home that that you don't want to live in. So you I mean, I feel one of the best ways to look at where to buy is is the city growing or are more people moving there and where the economy is. And I think Fukuoka is a really interesting place in terms of government policies, and if you look at the amount of investment that's going into Fukuoka, that's really good.

17:31And so if you think that, you know, you're priced out of the Tokyo market or Osaka market, and which is bound to be the case, and especially for our this discussion of $250,000 or below, I think you should be able to find something interesting in Fukuoka. So that's something to uh consider. Again, some pros and cons. Uh, in Japan, you can finance a property as a foreigner. It's not that easy, but if you know what you're doing, you should be able to do that. The yen is weak, so you can definitely find that your currency will go much further. In terms of cons, if I'm not wrong, Japan has, you know, no terms for the tenancies.

18:09So, for instance, it's not like a 12-month tenancy, so the tenants are just gonna live till they want if you are renting it out. The yields are, I would say, low to medium, uh, and there is not that much capital growth unless you have identified the right spot and you have entered at the right time. So Fukoka presents a lot of opportunities, but more research is needed and you need to just time your purchase well. But otherwise, I think it's an interesting market. You don't need to be a Japanese resident to buy, but equally uh you have to remember that buying a property does not give you any residence. So you could if if you require a visa to go to Japan, you could probably have a home in Japan, but you may not be able to go when you want unless you have the visa.

18:55So some of those things are important. And I think the last one I would talk about in this uh list would be Poland. So Poland is a really, really exciting country. I I think it's it's not talked about enough. You know, Praga in Warsaw, very interesting neighborhood. 250 and below would be a bit challenging, but if you look around Warsaw and a few other parts of Poland, you would be able to find something, definitely. Some things to consider. Rental yields would be, again, I would say low to medium. You can expect some capital growth. It's a fast-growing economy, it's one of the younger and larger populations in Europe alongside Romania. So it's it's a it's an interesting market.

19:38It's really improved in terms of the quality of construction. And I was pleasantly surprised. I met some developers and a number of agencies in Poland, and I I was quite pleasantly surprised with the quality of construction. It's a very livable country, and if I remember correctly, if it continues to grow at the current pace, it'll overtake the UK in the next few years, maybe four years. I I'm not sure. But that's that's the trajectory in terms of growth. Few things to consider. I think difficult to finance your property, so you'll have to be ready for a cash purchase. You have to physically be present to buy property and may even have to go twice to buy the property.

20:21And uh but once you have your property, then I think it should be smooth sailing, and you can expect sort of low to medium rental yield. And hopefully, if you bought in the right neighborhood and caught the r right wave, then you can have some reasonable capital gains.

20:38So that would be not uh you did not mention distance. Is that because it's already a given or because I imagine the closer it is to the school or the university, it's gonna be more expensive.

20:51Yeah, absolutely. And and then the fact with all the destinations here in terms of university destinations is the fact that you will always have steady demand uh for students. So right, that's that's always important. So obviously it'll be more expensive, but equally, you know, the fact that uh, you know, when a city is vibrant and it has a strong student population, then you know it's it's easy to rent out. And the way I look at it is that if there is so for instance in Japan, it's quite easy to commute in most places, you know. So, you know, sometimes people are a bit too uh, I would say, concerned about how far is it from the university.

21:27But I think as long as the transport connections are and links are good, I don't think that you should uh limit yourself to that. Because the other thing that I look at is that if it's a strong student uh destination, you also have to look at in the long term, do you want to rent out to students? Because some people prefer that, some people don't. So, for instance, because it's seasonal, it's also the fact that you know sometimes students may not be able to afford something that you bought. So I the way I look at it is university destination is great, but it does not necessarily mean that you need to Buy something to rent two students.

22:02Because, you know, a university destination also means that it would have usually a thriving job market because a lot of people would complete their education and then they also get jobs there. And then overall, it's got a thriving economy. And so, you know, maybe you're not renting two students, but once they complete their education and they get their first job, then that's the time you're renting your apartment or your home to them as well. So my view is that university destinations do not necessarily mean student housing, because student housing has its own pros and cons. Across the world, of course, it's different, but usually you can get better rental yields, but then there is less room for capital growth as well.

22:44So if you want a healthy combination of both, then you should probably look at a university destination, but not necessarily next to the university to be rented to students.

22:54Right. Interesting. Because it's when you think about that, the less time to walk or to to drive to the university, the better. But then you also have to think on the long term. After four years, what happens? And that's why you mentioned to consider all other like the jobs. Is it thriving? Or maybe it's better for for the property to be closer to the where where people actually go and work.

23:20Yeah, absolutely. So and and again, I I just feel depends on you know personal circumstances and preferences as well. If the focus is completely for buying the property for your child to live while they are in university, then yeah, I mean based on their convenience, what they prefer. But sometimes also, you know, young students they prefer to be a bit further away so that they have more space and it's a better community, maybe a better neighborhood. So again, that's the depends on the city that they are in.

23:49Yeah.

23:50Great. So the last one is for retirees. I guess they're the most ready in terms of liquidity or at least budget-wise, but in the spirit of our exercise, we will stick to the 250k budget. Which countries would you recommend for people who are considering to retire?

24:08I think the number one always on the list is Thailand. And within Thailand, again, I don't necessarily need to specify which city, which neighborhood, because everyone has their own preferences. A lot of people love Buket because it's really good for healthcare and they have their community there. Chiang Mai, as we spoke earlier. But I think if we have to just talk about retirement, I would pick Huahin. Huahin is a really good uh retirement destination, really good golf. Some uh, you know, cost of living is lower, not too far from Bangkok, two hours from Bangkok. And again, there is a big retirement community there. So you can find properties well within our 250,000 range. Uh again, it's important to check the construction quality.

24:54There is a lot of average quality construction as well. So as long as somebody can identify a good developer and buy a development that ages well, then Wahin can be a really you know good retirement destination. Also, Wahin has some really good health care for a small city, which is surprising and quite good. And if you need anything else, then Bangkok is just two and a half hours away and not a flight, but an actual drive. So it's easier. And I believe there's some train connectivity there as well. So Wahin, I think, checks a lot of boxes again, as we speak about here on the podcast, that try it for a month or two and see how you feel before you actually buy something.

25:36The second one I would talk about, a bit unconventional. I would say Cambodia, I would say um Nompen, Cambodia or even Siamri. So Nom Pen, again, if you want a bit more energy, some people say is the you know Bangkok of tomorrow. That may not happen. Of course, a lot of people say uh this is the Puketh of tomorrow and this is the Switzerland of tomorrow. So I don't like to compare places like that because every place is quite unique. I think Nom Pen, I think, is interesting because I'm seeing some good immigration trends. A lot of European retirees are moving there and they are running their businesses or they are just happily living on their pensions, and they can buy a really comfortable place.

26:20250,000 will buy you something really, really high quality. So you can have a very, very good quality of life, some a condo with a gym and a pool and multi-story concierge and you know, 24 by 7 security and very close to supermarkets. Now, if you want a slightly quieter vibe, then I would say uh CM Rape is really good. Again, more historical, uh more tourist-driven, very, very multicultural. Again, if you are from Europe, you will see a lot of other Europeans who move to CMRIP and are happily living there. The only thing from a property point of view is this there's not much supply, not many new projects. So that's something to be aware of.

27:03So you may not always get what you're looking for. Price, 250,000 is a good budget, but it's just that you may not have a lot of new construction. So that's something to keep in mind. The next one I would want to talk about is Greece. I think Greece obviously is a fabulous place. Again, whichever way you look at it, if you like history, then Athens, you may struggle to get something in Athens for $250,000. But you have to see if you pick an island. Again, so many beautiful islands, but you won't get anything, I doubt, in Santorini or Mykonos or some of the bigger islands, but you can find something you can look at. So Piraeus is interesting, there is a lot of infrastructure coming up there.

27:44So if you want a bit of a combination of investment along with retirement, then that could be interesting. But otherwise, I think this is a lifestyle decision. So whichever island steals your heart and whichever place that you feel at home and wherever you find your community, I think Greece is good. And the other interesting thing about Greece obviously is the golden visa, and but it's not 250,000 is 250,000 euros, so you'll have to end up spending a bit more. But 250,000 will not be eligible for properties in Athens or the larger islands. That threshold I think has gone up to 800,000, and some other places are 400, so you'll have to go to some of the smaller islands in terms of both meeting the budget and also still being eligible for golden visa, because then that gives you a right to live in a Greece as well.

28:34And since we are talking about residency, so Cambodia, since we were speaking about, has a citizenship by investment program, and it also has a residency uh by investment program. So you can look into that. And visas generally are some of the easiest to get, and Huahin also we spoke about. Thailand has a lot of different visas. Uh, there's the uh there's the digital nomad visa, there is the there is the elite visa. There are a lot of other visas, investment visas as well. So it the rules keep changing for Thailand, so just make sure you get the right visa and so that you have a legal right to live there. Just uh one thing to note in most of these places, foreigners are not allowed to buy land.

29:16And when I say these places, I mean most of the Asian places other than Malaysia, it's difficult to buy. Uh so whether it's the Philippines, whether it's Cambodia or Thailand. So and people talk about all kinds of structures, but just work with a you know lawyer and just understand that whatever you're doing is by the book and you know, within it's it's it's legal because uh there's no point getting creative about some of these things, and so just do your due diligence. And since we were speaking about Malaysia, I think let's talk about Malaysia as the next retirement destination, probably one of the best, I would say. The place to invest in Malaysia would be Penang.

29:54Again, you can live in KB or Johorbaru as it's called because it's right next to Singapore, so that's quite interesting. It's seeing a bit of a data center boom right now, so it might be interesting. There are there's Malacca, you know, but Penang, I think, checks most boxes for me in terms of healthcare, in terms of culture, in terms of energy, in terms of being like a city that you would really want to be in. You know, you're not too far from the ocean and and just generally an interesting place to live. Now, Malaysia's low taxes, you have to get the residence, is the MM2H program. But the thing to keep an eye out in Malaysia is the currency, because uh the currency over the years has weakened, although it's remained relatively stable in the last year or so.

30:42So, for instance, you also have to see where your money is coming from. So if you're buying from a country where the currency is really strong, so you have to just be prepared for the fact that what you might gain in capital gains, you might lose in currency. And equally, there is no way for me to predict how the currency is going to be. But so far, in the last 18 months or so, I think Malaysia has been attracting a lot of capital, and so the currency has generally remained relatively strong. So that's Malaysia, and I would just like to add Portugal because Portugal is so fantastic when it comes to retirees. I personally know a number of retirees who live in Portugal, and again, depends on where you want to live.

31:23You can live in Algarve, you can live in Porto. It might be difficult to get something larger for 250,000 Lisbon, forget about it. Those days are gone. But that's that's something you know you should definitely consider. Again, you know, you can live in the wine region, you can live anywhere in Portugal. It's so, so, so beautiful. Pros and cons again, I think you can finance your property as a foreigner. So that's a good thing. Capital growth is a possibility if you catch the right wave. There are a lot of new flights starting from the US to Portugal and not just Lisbon to other places, so Porto and a few other places. So there could be an influx of tourists and in a lot of buyer demand.

32:04So if you time it properly, you may actually uh generate some capital gains. So that's that's an interesting story. Again, one thing which is not as attractive now is the fact that obviously property option was, you know, excluded from the golden visa a few years ago. And and now even uh you know the five-year period to get the passport has gone up to 10 years, and there is a fair amount of backlog. So so if if the objective is residency, then this investment would not help. But you could possibly look at some other visas and you know, a digital nomad visa or retiree visa or independent means visa, and then still buy property in Portugal, and you can still make I think uh good returns, and of course the quality of life is second to none.

32:52Great. So with this kind of buyer type, you mentioned something different. First of all, healthcare. I think that's a key consideration. Second, the option for a golden visa. Again, that's one way to enter a specific country that you're eyeing. And then the third that I you did not mention, but I just observed they all have great weather. So I think that's something to consider as well once you're like living there for the rest of your life. So to wrap this episode, Obi, you mentioned a lot of different countries. I know you chose Singapore, and in our previous episode you said you're quite happy there right now. If you were to retire, which country are you closely considering and why?

33:34For retirement, I don't have an answer, but I think based on my current plans, I think I'll probably do in retirement what I'm doing right now, which is divide my time in three or four different destinations. So, what I try to do is say four to six months in your primary residence, and then the remaining in two completely different destinations. So one would be in Europe, the other one could be either in South America and of course Asia where where I'm based in any case. So, I mean, that's my plan right now. If anything changes, who knows? There's no perfect place. I've not found a place where I say, wow, this is it. Absolutely perfect in all ways.

34:10There is no such place. So why not have the best of both worlds?

34:14Well, thank you so much for your knowledge and sharing those factors that of course you cannot really get from just reading online. Sometimes it helps you actually talk to a person that you know or may not know, but have actually lived this and observed this on the ground. So I hope you guys found it useful. If you do, please rate give us a five star rating and hit the follow and subscribe button. And thank you for your time today. We'll see you in the next one.

34:40Thank you. The world's best opportunities do not stop at borders. Subscribe to Own the World. Share this episode and stay informed on global investing and cross border real estate.