Are you seeking a fresh start in an exciting new location but unsure where to look?
Our guide has been written for you if you want a blend of adventure, comfort, affordability, and quality.
We’ve curated a rundown of affordable and reputable housing destinations abroad that cater to various preferences and budgets. Here, you will find information to make your housing hunt hassle-free and enjoyable.
We’ll explore various destinations around the globe, evaluating their housing market, cost of living, and perks. Whether you’re looking for an urban city vibe, a relaxed beachfront lifestyle, or the tranquility of the countryside, we’ve got options for you.
Housing abroad: the basics
Finding ideal and affordable housing as an expat can be a complex task. Let’s break this down.
Multiple factors affect your choice of housing, ranging from your personal lifestyle preferences to budget considerations, the cost of living in the new location, residential legal requirements, and even the cultural norms of your new country.
Each factor plays an elemental role in shaping your housing experience abroad.
Your housing options will typically range from renting apartments, condos, and houses to outright homeownership, depending on the duration of your stay and the applicable laws of the host country.
Each type of housing option has its pros and cons. Renting offers flexibility, especially for short-term stays, but may not give that “homey” feel that you might desire. On the other hand, buying a home can make you feel part of the community but comes with additional responsibilities like maintenance and the need to sell should you decide to move again.
Always factor in the proximity of your chosen housing to essential amenities like public transport, healthcare institutions, schools (if you have children), and your place of work. If you visit a location on a weekend, ensure you know the traffic situation during the week. A short drive can quickly turn into a daily gridlock.
In a nutshell, affordability, comfort, proximity to amenities, and integration into the local community will define your choice of housing abroad. It might seem like quite the puzzle, but as we unravel the process, you’ll realize it’s not as daunting as it may initially seem.
Calculating your cost of living abroad
Understanding the cost of living abroad involves two main components: general living expenses and accommodation costs. Also, remember that fluctuating exchange rates may significantly impact your budget.
Consider groceries, transportation, utilities, and health services for general living expenses. Remember that these costs often vary considerably depending on the city and country.
Regardless of the country, accommodation costs are always determined by its physical location. City centers usually have the highest prices, while suburban or rural areas are generally more economical. Consider what matters to you most—convenience and accessibility or budget-friendly accommodation.
Research tip: Use online cost-of-living calculators like Numbeo or Expatistan to calculate your monthly expenses in various destinations worldwide.
The key to finding affordable housing abroad
Finding affordable housing abroad isn’t always a walk in the park—it’s often shoe-leather exploring mixed with a dash of luck and a good understanding of the local housing market. Here are some strategies to help you search for a budget-friendly home.
1. Start researching early: The earlier you begin your search, the better your chances of finding a good deal. A great place to start is online real estate websites. Check out forums and social networks that cater to expats in your destination. They can provide valuable information about cost, location, and housing availability.
2. Localize your search: While international real estate websites can provide a general overview, local websites often have more listings and will give a more realistic picture of what is available and at what price. Furthermore, locals might be able to provide insider tips that help you find hidden gems that aren’t listed on the more significant sites.
3. Consider sharing accommodation to start: Sharing a house or apartment is a common way for expats to cut costs. Not only can you split the rent, but utilities, groceries, and other household expenses can often be shared, which can significantly lighten the financial load.
4. Be flexible: Consider living further away from major city centers or famous tourist beaches. While the commute may be longer, you can often find substantially cheaper homes.
5. Use agencies that cater to expats: Some agencies cater exclusively to expats. These can be especially helpful as they often better understand your needs and any constraints you may face when looking for housing.
6. Negotiate: Neither rent nor purchase prices are set in stone. Don’t be afraid of offending anyone in your new country by negotiating for the best deal.
Factors to consider when choosing reputable expat housing
Convenience and accessibility
Consider how easy it is to get around from your potential residence. Look for areas with an efficient public transportation network or major facilities like shops, hospitals, and schools nearby. A centrally located residence can save you time and travel costs in the long run.
Local community
Engage with the local community before settling down. Are they welcoming to expats? Your interactions with the local community will significantly shape your experience living abroad.
Security
It goes without saying that nobody wants to live in a neighborhood where their safety is in question. You need to invest time and thoroughly research the safety and security of potential locations. You can find crime statistics for most countries and cities online; however, these statistics don’t always tell the whole story. Locating and reaching out to expat retirees living in the locations you’re interested in can be invaluable.
Local laws and regulations
Be aware of any peculiar laws or regulations regarding rental and property ownership in your target destination. Each country has rules that can impact your housing decision. Legal assistance may be required to understand these regulations fully.
Climate
Your chosen location’s climate will heavily influence your lifestyle and potentially impact certain health conditions, if any. It’s not just about the temperature, check for other climatic risks such as forest fires, hurricanes or flooding.
Language barrier
Not understanding the local language can significantly hinder your housing search. If you don’t speak the local language, consider hiring an interpreter or working with a bilingual real estate agent.
Affordable housing destinations for expats in South America
1. Ecuador
Looking for affordability without compromising on quality? Ecuador should be at the top of your list. Known for its rich biodiversity and friendly communities, Ecuador offers a lower cost of living than many Western countries.
Housing options range from downtown apartments in cities like Quito and Cuenca to quaint beachside cottages in coastal towns like Salinas.
A city center apartment in Quito can be found at prices between $500 USD and $800 USD.
Find out more in our Living In Ecuador guide.
2. Colombia
Next on our list is Colombia, a country that has been consistently garnering the attention of expats.
Whether you prefer the pulse of city life in Medellín or the relaxed lifestyle of coastal Santa Marta, Colombia offers a blend of affordability and lifestyle that is hard to pass up. Healthcare is also commendable, with the country having one of the best healthcare systems in Latin America.
A city center apartment in Santa Marta costs between $450 USD and $700 USD.
Find out more in our Living In Colombia guide.
3. Argentina
Situated in the southern half of South America, Argentina’s diverse scenery, from bustling metropolitan cities to quaint wine regions, is tempting for any expatriate.
Buenos Aires, often called ‘the Paris of South America,’ offers European-style architecture at a fraction of the European cost. An added perk? The country’s world-renowned steak and red wine.
A city center apartment in Buenos Aires can be found at prices between $550 USD and $1000 USD.
For more information, read our Living In Argentina guide.
4. Peru
Last but certainly not least is Peru. This country offers a blend of ancient history, stunning landscapes, and low living costs. Peru’s capital, Lima, combines modern and colonial architecture, world-class gastronomy, and affordable housing options.
Suited for the adventurous expat, Peru is a cost-effective choice without compromising on a thriving cultural scene. In smaller cities such as Cusco, apartments start at around $500 USD
A city center apartment in Lima can be found between $650 USD and $1200 USD.
Spotlight on Asia: affordable destinations for expats
There’s no denying the allure of Asia, with its bustling cities, serene landscapes, and rich cultures. The cost of living in several Asian nations remains quite reasonable, making the region a coveted destination for expats.
Let’s delve into some standout locales offering affordable and reputable housing options.
1. Vietnam
Vietnam’s charm lies in its mix of urban vibe and rustic countryside. Housing, in particular, is significantly more economical compared to many Western countries.
A city center apartment in Hanoi can be found at prices between $500 USD and $1100 USD.
2. Thailand
Thailand, the land of smiles, is an expat favorite for diverse reasons—the warm climate, relaxed lifestyle, great food, and affordable housing. You can secure a comfortable condo or apartment, including utilities and groceries, and expect to live comfortably in Thailand for around $1400 a month.
Living in Bangkok can be a bit more expensive as there are more luxury housing options and more demand.
A city center apartment in Chiang Mai costs between $500 and $1000 USD.
For more information, read our guide on the cost of living in Thailand.
3. Malaysia
Many expats have been making Malaysia their home, attracted by its modern amenities and affordable housing. Malaysia’s government supports expat relocation with their Malaysia My Second Home (MM2H) program, offering long-term visas and tax advantages.
A city center apartment in Penang can be found at prices between $500 USD and $750 USD.
Europe on a budget: reputable housing options for expats
1. Portugal
Known for its sublime coastlines and passionate culture, Portugal offers affordable living without skimping on lifestyle. Cities like Porto and Lisbon blend historic charm and modern amenities.
A city center apartment in Porto can be found at prices between $1100 USD and $2000 USD.
Find out more about prices and various locations in our guide to living in Portugal.
2. Spain
Vibrant, diverse, and teeming with culture, Spain offers several affordable cities. In addition to the appealing coastal regions like Costa del Sol, localities such as Costa Blanca, Murcia, Seville, and Valencia offer cheaper housing options.
A city center apartment in Serville can be found at prices between $1000 USD and $1800 USD.
Check out our Living In Spain guide for more information.
3. Poland
Poland continuously grows in popularity among expats and offers a cost-effective European adventure. Warsaw and Krakow are well known for their friendly expat communities and low living costs.
A city center apartment in Krakow can be found between $950 USD and $1700 USD.
4. Bulgaria
Bulgaria is one of Europe’s lesser-known treasures. It surprises with its low cost of living and rich cultural experiences. Sofia, the capital, is popular with expats, and affordable apartments are available for rent.
A city center apartment in Sofia can be found at prices between $600 USD and $1000 USD.
For more information, read our guide on living in Bulgaria.
5. Hungary
Budapest is the heart and most affordable city of Hungary. With splendid architecture, thermal baths, and a diverse food scene, it attracts expats looking for a balanced mix of work and leisure.
A city center apartment in Budapest can be found at prices between $700 USD and $1200 USD.
Living the American Dream: Affordable U.S. cities for expats
Moving to the United States isn’t the cheapest option, but it doesn’t have to break the bank. Several cities across the country offer a balance between cost and quality that expats find appealing.
1. Buffalo, New York
Buffalo provides a cosmopolitan lifestyle with a neighborly feel. The city boasts of affordable housing options and a decent cost of living. Marvel at the architecture, savor the diverse food scene, and, come winter, engage in snowy wonderland activities.
A city-center apartment can be found at prices around 1600-3000 USD per month.
2. Cincinnati, Ohio
Cincinnati offers a low cost of living with the benefits of a buzzing city—impressive galleries, fascinating museums, reputable universities, and a thriving job market. If you’re an expat with a family, you’ll appreciate the city’s excellent school system and family-friendly activities.
A city-center apartment can be found at prices around 1500-3000 USD per month.
3. San Antonio, Texas
Culture-rich and affordable, San Antonio has a unique charm that attracts expats. The housing cost falls below the national median. You’ll live in a city where historic attractions meet modern-day conveniences, and Tex-Mex cuisine is on every corner. That’s San Antonio for you.
A city-center apartment can be found at prices around 1800-2800 USD per month.
4. Omaha, Nebraska
Omaha is a desirable destination favored for its low cost of living yet high standard of living. The city is also applauded for its vibrant music scene, foodie culture, and job opportunities in innovative sectors like tech and healthcare.
A city-center apartment can be found at monthly prices of around 1600-3200 USD.
5. Wichita, Kansas
Notably economical, Wichita offers a wide range of housing at a price that might surprise you. It combines small-town friendliness with the amenities of a big city, including diverse dining, artistic expressions, and pulsating nightlife.
A city-center apartment can be found at monthly prices of around 1100-2600 USD.
Africa revealed: affordable expat destinations
1. South Africa
South Africa is known for its modern metropolitan areas and stunning natural beauty. In cities like Johannesburg and Cape Town, expats can find many affordable accommodation options, from single studio apartments to family-friendly houses. The cost of living here is comparatively lower than in many Western countries, allowing your dollar to stretch further.
A city center apartment in Johannesburg can be found at prices between $400 USD and $700 USD.
2. Morocco
Morocco combines enriching history, tantalizing cuisine, and mesmerizing landscapes. The cost of living in Morocco is moderate, and it’s easy to find affordable housing options, especially in cities like Marrakech and Casablanca. Living expenses, including groceries and utilities, are relatively cheap, making it a practical choice for expats on tight budgets.
A city center apartment in Casablanca can be found at prices between $600 USD and $1000 USD.
3. Tunisia
With its Mediterranean charm, North African culture, and French influence, Tunisia offers a budget-friendly lifestyle for expats. Rent in Tunis is substantially less expensive than in many global cities, and groceries, dining, and other everyday expenses are also notably cheaper. With warm weather and sunny beaches, Tunisia can be a good choice for expats seeking affordable living.
A city center apartment in Tunis can be found at prices between $300 USD and $600 USD.
4. Kenya
Kenya, known for its lush landscapes and diverse wildlife, harbors vibrant cities like Nairobi, where expats can find reasonably priced housing. Overall, the cost of living in Kenya is much lower than in many Western countries, and you’ll often find that your money goes further. English is widely spoken, making it an appealing option among expat destinations.
A city center apartment in Nairobi can be found at prices between $500 USD and $900 USD.
5. Ghana
Ghana, a rapidly growing and developing country, also makes it on our list. Accra, Ghana’s capital, provides plenty of housing options for a reasonable price. Groceries, utilities, and healthcare are also affordable, making Ghana a suitable choice for many expats looking to make the most of their budgets.
A city center apartment in Accra can be found at prices between $450 USD and $950 USD.
Striking the balance: cost and quality in housing abroad
Striking the perfect balance between cost and housing quality may seem daunting, especially in a foreign country. However, with the right approach, it is achievable and can be a rewarding experience.
Compare and contrast: Start by comparing prices in different areas. Expensive doesn’t always equal better. Look for locations that offer quality services, are safe, and match your lifestyle preferences. Research extensively and leverage cost-of-living calculators to assess affordability.
Negotiate: In many countries, negotiating is an accepted part of the rental or buying process, which can sway affordability in your favor. Learn the art of convincingly arguing your case; you may save significant money.
Plan your space needs: Assess your need for space realistically, keeping your budget in mind. If you’re living alone, perhaps a cozy studio apartment is all you require.
Consider the big picture: Besides rent or purchase costs, consider additional costs such as utilities, maintenance, and transportation to work, schools, or other amenities.
Remember, it’s the small details that often make a significant impact. Don’t rush your decision. Instead, take your time to explore all possible options and choose wisely.
Rent or buy? expat housing dilemmas
Let’s tackle a common predicament confronting expats – should you rent or buy a house abroad?
Firstly, let’s consider renting. Renting allows you to move on short notice, which can be crucial if you’re not planning to stay for more than a few years. You’re also spared from the burdens of property maintenance. Financially, you can avoid getting tied up with a mortgage, letting you save or invest your money elsewhere.
Renting, however, is not without drawbacks. Changes in landlord policies or rental prices, limited control over the property, and the inherent impermanence can prove challenging.
Moving on to buying, home ownership abroad can become a profitable long-term investment, especially if property values in the area are on the rise. Homeownership gives you stability, freedom to customize your living space, and potential tax advantages depending on the country’s housing laws.
The downsides, however, can be considerable. Purchasing a property is a big financial commitment that could limit your cash flow. Additional expenses such as property taxes, home insurance, and maintenance costs could pile up. Let’s not forget the possibility of a tedious home-selling process should you choose to move.
When considering whether to rent or buy, consider what matters most to you in terms of your personal situation and goals. Weigh up the pros and cons and make the best choice for your lifestyle, career plans, and financial health.
Financial checklist for expat housing
Moving abroad is a significant step that requires considerable planning. Any oversight can turn your adventure into an expensive endeavor. Keeping an eye on your finances when considering housing options is vital.
Here is a financial checklist to ensure your move stays affordable.
1. Assess your budget
First, you must determine what you can afford. This means evaluating all your income sources and tallying that against your projected living costs. Once you understand your expenses in the destination country, you must adjust your budget accordingly.
2. Currency conversion
Ensure you are fully aware of how your home currency converts to the local currency in your new country. Monitoring currency fluctuations is also helpful, as changes can significantly affect your rent and living expenses.
3. Taxes and legalities
You will need to understand the tax implications of your move, both at home and abroad. Determining if you’ll need to pay taxes in both countries is crucial. Consult a tax specialist, if necessary, to ensure you don’t encounter any surprises.
4. Health insurance
Do not forget to factor in the cost of health coverage. Private health insurance can be costly in some countries, while it may be relatively cheap in others. Make sure you have a clear understanding of what healthcare will cost in your new country.
5. Setting up your new home
Take into account the costs associated with setting up your home. This may include security deposits for utilities, furnishing costs, and maintenance fees. These costs can often be overlooked in the excitement of moving abroad, but they can quickly add up.
With this list, you are better prepared to embark on your new journey. Remember, preparation is vital when it comes to moving abroad. Make financial planning a priority, making your move less stressful and more economical.
Expat relocation: making your new house a home
No matter where you’ve relocated, feeling at home in your new environment is crucial to a fun and joyful experience. Surprisingly, this has less to do with your physical property and more with making connections, familiarizing yourself with the local community, and developing a new routine.
1. Getting active in the local community
Getting involved in local activities and community events is an excellent way to feel part of your new place. Find classes, clubs, or hobby groups to join. Not only will this help you meet new friends with similar interests, but it’s also a fantastic method of learning more about the local way of life.
2. Keep familiar objects
Retaining familiar items from your previous home, such as photographs, ornaments, or even specific furnishings you’re particularly fond of, can also help ease the transition. Remember, it’s the small touches that often make a place feel truly personalized and homely.
3. Creating your new routine
Establishing a new routine is another significant component of making your house a home. Whether you find your go-to coffee store or favorite grocery shop or carve out a jogging route, routines create familiarity and comfort with your surroundings.
4. Be open to new experiences
Lastly, remember to keep an open mind. After all, being an expat is all about embracing a new environment and culture. Take opportunities to explore, experiment, and try new things. Bring those experiences back home and share them with your family.
Remember, it’s perfectly fine if your new place doesn’t feel like home immediately. Give it time, make connections, create a routine, and don’t stop exploring. Soon enough, your new house will feel like your very own home.
You might find useful:
- Thrifty Guide To Cost-Effective International Removals
- 5 Aspects To Consider When Choosing A Country Abroad
- 12 Best Countries To Live In For Expats (2024 Update)
- 12 Key Benefits Of Retiring Abroad: Health, Wealth, And Lifestyle!
