The Panama-based Live and Invest Overseas has announced its list of the 10 best places in the world where you can move in 2018 and live on the cheap. Topping the list of places where you can live on the cheap — Lisbon.
1. Lisbon, Portugal
Topping the list of places where you can live on the cheap — Lisbon. “This is a very pleasant place to be, its a noble and elegant city full of “awe-inspiring landmarks that were constructed during the Golden Age of Discovery.”
Lisbon — and all of Portugal, for that matter — offers a competitive cost of living that is among the lowest in Western Europe, thanks to an “enviable tax situation” and plenty of real estate bargains. It’s possible to live here comfortably but modestly on a budget of as little as $1,300 a month, including rent, food and more. If you want to buy, a 538-square-foot apartment in one of the lowest-cost neighborhoods can sell for $90,000.
Other things that make Lisbon appealing: centuries-old, pastel-colored stone structures, formal gardens, parks with elaborate fountains, roads laid with cobblestones in contrasting colors and “sea scenes that are like works of art.
2. Cali, Colombia
Medellín ranked near the top of last year’s list. This year, Cali has taken the spotlight, thanks to rental rates that are 25% to 30% less than in Medellín, making it an extra-attractive bargain.
Another appealing aspect of Cali: It’s located at an altitude of almost 3,300 feet, so it has an agreeable climate. “Afternoons can be hot, but with the approach of sunset a refreshing breeze sweeps through the city,Early mornings are crisp and perfect for being outdoors.
A beautiful city, you’ll find towering palms along wide boulevards, tree-shaded streets and plenty of parks and green spaces. And the people (Caleños) are polite and friendly. “Spending time here, you’re reminded how nice life can be when it’s built on these kinds of basic values.”
Just how affordable is Cali? A couple can live here for as little as $987 a month, including rent. And you can buy a three-bedroom, two-bath apartment in a great location for as little as $45,100.
3. Santo Domingo, Dominican Republic
The Dominican Republic has one of the fastest-growing economies in Latin America, and its capital, Santo Domingo, is the place to be. Established in 1496, this is the oldest European city in the Americas, and its charms run deep. The structures at the heart of this old town are classic Spanish colonial but simpler, statelier and somehow more refined than their counterparts across the region.
Look for lively streets, a busy harbor and a city that’s becoming the epicenter for tourism investment across this country. There’s a newly opened JW Marriott, and an Intercontinental and a Hard Rock Hotel are also underway. On the Plaza de España, you can dine at alfresco restaurants and watch the buzzing harbor. “Carnival is bringing a ship a day to Santo Domingo’s cruise dock.
All of this tourist growth translates into better infrastructure and modern conveniences like five-star restaurants, shopping malls and movie theaters. A couple can expect to spendabout $1,450 a month to live here, including rent and food.
Another highlight of moving to the Dominican Republic: It has one of the easiest and quickest residency and naturalization programs. “The country is rolling out the welcome mat for anyone interested in living here full time,” says Peddicord.