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January 2011

Saturday, January 1st, 2011

Surprise Winner in the Quality of Life Index

 
There’s a new champion. A surprise winner of our annual Quality of Life Index.

Eleven months of the year, we consider where you can live well for less, pay less tax, enjoy better weather and leverage the growth of emerging markets. Where you can best escape, retire, start over, and take off on a grand adventure…

But each January, we take a different perspective. We scour official sources and statistics, considering every number we can get our hands on, tapping into outfits like the World Health Organization, government departments, UNESCO and many more to rate and rank almost every country on Earth and ask: How do they stack up against one another?

This year we cleaned house on our data sources, adding brand new ones for our culture and health categories and we revamped our environment category to make the most of new in-depth research from Yale.

This Index is unique. It’s the only one of its kind…and this year’s winner?

The good ol’ U.S. of A.

We know…not exactly what you’d expect.

But the numbers tell their story. On a macro level, it’s this: The U.S. has more paved roads than anywhere else, more airports and a lot of cell phones. It’s got good Internet access, the world’s biggest economy (though not necessarily the best), and it’s got tens of thousands of doctors and hospitals (if you can afford them). The numbers say: The United States has a convenience that’s hard to match.

Of course, thousands of satisfied expats are living proof that, in return for sacrificing a little of that convenience, a truly healthy, happy and more affordable life overseas is possible.

If a cheap cost of living and a good climate are what matter most to you, then bear in mind that’s only 30% of the weight we give a country. This Index is big-picture stuff. It paints a “broad strokes” picture of the quality of life…and there are seven other categories considered here in addition to climate and cost of living: Culture, economy, environment, freedom, health, infrastructure and safety. Each have a significant effect on the final outcome.

So a word of caution: Numbers and stats about a nation’s development can’t reflect what’s going on in specific communities on the ground.

If your budget is $2,000 a month and you want a great lifestyle, a perfect climate, friendly neighbors and good health care, but can live without those convenient extras like late-night pizza delivery, and Wi-Fi in every café, then head to Cuenca, Ecuador, or Merida, Mexico—they’re better options than the Index winner, the U.S.

If, like us, you eschew convenience for opportunity then study our Quality of Life Index with your priorities in mind and you’ll find out a lot of what you need to know.

Our 2011 Quality of Life Index can’t tell you where to find a midnight steakhouse, a 24-hour convenience store or a mall with everything under one roof. What it can tell you is that with a warm, dry Mediterranean climate, low crime rates, good medical facilities and English-speaking population, Malta is a good place to start looking for a life overseas.

Or that New Zealand is a First-World retirement haven. It tells you that you can find an amazing climate in Mexico, and that it’s one of the culturally richest countries in the world. It shows you that Uruguay, 22nd overall this year, earns solid marks in infrastructure and health (which is partly why more and more potential expats consider it an attractive option.)

 Here are some highlights from this year’s Quality of Life Index winners, in the words of Americans who are living there:

• Choosing to live in this year’s runner up country was one of the easiest decisions of Chris Tell’s life: “It’s English speaking…an un-crowded and beautiful environment where I can enjoy the fruits of my labors without sacrificing a healthy lifestyle…”

• Health care is so good in our health category winner that it’s “almost a pleasure to get sick” according to Adrian Leeds. “You can call for an at-home visit by a doctor who arrives within 30 minutes, all for the cost of a normal office visit. Or, be rushed to the nearest hospital and no one asks to see your proof of medical insurance prior to treatment! And drugs are so inexpensive; it’s a joke by comparison…”

• It does well every year but never wins. For Robert Presiko though, quality of life in our 10th-place country will always top his list. “Health care is much cheaper here. My wife required major surgery soon after our arrival, and the cost was half of what it would have been in the U.S. We find that most food is cheaper, too. When we last visited the U.S. we experienced sticker shock in the supermarkets…”

• Michelle Nott and her husband felt like lottery winners after moving to our 6th-place country, and in a very real sense they were as the cost of living was so low…

• Two countries tie at first place in our climate category. They’re both English-speaking but only one has a flat 15% tax rate, great health care and ocean views…

• One Latin American country where many IL readers live comes fourth in climate and 10th in culture…if you already live there, you’ll know why…

Get the full and unabridged Quality of Life Index issue when you subscribe to International Living magazine here.

April 2010

Thursday, April 1st, 2010

Where You Can Still Buy in Panama From $16,500

Timing is everything.” They say it about wine. About fashion. And, of course, about real estate. I’m ill-qualified to comment on the first two. But when it comes to property investing, I’d agree. Timing is everything. And the timing is right in a handful of pockets around the globe right now.

They’re places where there’s a disconnect between the perceived and the actual values. And in that disconnect, you’ll find a bargain. We profile three such value plays this month in the current issue of International Living magazine. Even better, they’re good for more than simply a smart deal. All three are places you could easily enjoy life a few weeks or months a year—full-time if you’re in the market for such an escape.

First, to Cerro Azul, a quiet mountain town in Panama just 35 minutes from Tocumen International Airport. It’s a place where orchids grow on trees and where Swiss A-frame cottages overlook lush jungle valleys. And you can still buy here for just $16,500. See page 20.

Next, our overseas real estate expert, Ronan McMahon, visits Rocha in Uruguay. This stretch of coast is set to be the next Punta del Este. When that happens, property prices will skyrocket. But right now, you can still buy a half-acre lot for just $49,000. See page 6.

We shine the spotlight once again on Nicaragua this month. Correspondent Lee Harrison reports that when he first visited there in 2004, he found beachfront lots for less than $40,000. Since then prices have shot up (by as much as 610% in two years) and then cooled off again.

On page 8, Lee writes that Nicaragua is now on the up again…and still offers surprisingly good value.

Read all this and more in the April issue when you subscribe to IL magazine right now.

William Bonner
Founding Publisher, International Living


Also in the April issue of IL magazine:

Win at Auction and Save Thousands on Your Travel Expenses
By Suzan Haskins

For a decade now, I’ve been telling anyone who will listen about my favorite online travel auction site. Thanks to this website, I’ve enjoyed a long list of inexpensive vacations. The first auction I won, back in 2000, was for roundtrip airfare to Puerto Vallarta from Dallas with accommodation in a two-bedroom condo at the luxurious Mayan Palace. My winning bid: $226 per person. Subscribe now to read on…

Health Care in Panama: U.S. Standards for a Fraction of the Cost
By Josef Woodman

Does it really make sense to have medical treatments in Panama? My answer: Absolutely. I’ll give you the reasons why in a moment. First, let me share with you a story about a woman named Sandra, who traveled from Arizona to Panama for surgery and would happily do it again. Subscribe now to read on…

Grab French Property at a Fraction of Its Value
By Adrian Leeds

A viager is a French term for a property sold on a reverse annuity basis. Put simply, anyone in France can sell their property in exchange for a down payment and regular cash installments for the rest of their life while they continue to live in their house or apartment. When they die, the property is surrendered to the buyer. The down payment the buyer makes for the property is a fraction of its market value. Subscribe now to read on…