With its great windsurfing and stunning beaches, the town of Cabarete, on the Dominican Republic’s north coast, draws thousands of visitors each year. Its sand, sun, and surf were what first enticed expat Peter Orr to this part of the Caribbean. And today they bring a regular stream of customers to his business—a beachside hotel. “While working in Barbados in the early 80s, I got to experience the Caribbean lifestyle and windsurfing. I formed a dream of buying a little hotel on a Caribbean island when I was done working for someone else,” says Peter. More than 20 years later, Peter did exactly that.
In this Editor's Debrief—exclusive to International Living VIP members—IL Uruguay Correspondent David Hammond talks with International Living’s emcee, Dan Prescher, about his editorial trip to Paraguay.
The Dominican Republic, with its pristine tropical beaches, attracts more vacationers than any other Caribbean island. Most stay at all-inclusive resorts, where you can eat from the buffet and let the staff pamper you. But maybe you’re after a more authentic Caribbean experience…a chance to sample this region’s many delights away from the tourist throngs. If so, Las Terrenas is the perfect place for you. Famous for its 11 miles of world-class beaches, Las Terrenas is on the north shore of the lush and mountainous Samaná Peninsula.
When the cold New York winters got too much for Nino Marzano and Maria Postell, they started thinking about turning their favorite vacation spot into their new home. And, in 2011, they made the transition—letting go of the stress and the cold to live full-time in one of the Dominican Republic’s premier vacation and expat hotspots: Punta Cana-Bávaro. With its white-sand beaches, reef-protected crystal waters, coconut palms, and resort infrastructure, it was the perfect antidote to New York.
Nestled in an Andean valley at 6,000 feet, the Bolivian city of Tarija is truly one of South America’s great undiscovered gems. You’ll find colonial architecture, a near-perfect Mediterranean climate, and vineyards outside town stretching to the horizon. It’s also one of the most affordable cities in the Americas: you can live a comfortable retirement in a centrally-located apartment for $1,200 a month, including rent, enjoy a delicious three-course meal for as little as $4, or visit one of its many medical facilities from $20. Tarija is home to 235,000 people, among them a small community of around 250 expats— mostly from Europe, North America, and New Zealand.
With stress-melting coral-sand beaches, warm tropical seas, an eclectic mix of welcoming locals and friendly expats, and international dining, the Dominican Republic epitomizes the laidback, sun-kissed lifestyle the Caribbean is known for. And you don’t have to be rich to buy a home here. I explored two up-and-coming beach towns, Cabarete and Las Terrenas, which offer exceptional Caribbean island value; you’ll find newer condos starting at $100,000, sometimes even less. Even better, many properties on these sumptuous stretches of coast will cover all your ownership costs and could even make you a profit. This is among the very few places left in the Caribbean where you can buy affordable, quality properties and take advantage of a robust rental market.
If you’re the pioneering type, a small business in Bolivia might offer just the kind of lifestyle you’re looking for. You can live well in Bolivia for less money than just about anywhere, and you don’t need bags of cash to start an enterprise here. Historically, Bolivia ranks alongside the poorest countries in the region, but things are changing. Today it is among the most hopeful economies in the hemisphere…its economy is growing steadily at around 5% a year… inflation (5.19% in 2014) and debt (32% of GDP in 2013) are under control. Bolivia’s oil and gas industry helps keep energy costs low.
Bumping along on the back of an ox cart, I’m wondering why some of the locals look amused. “Well, usually it’s the kids who like riding in Domingo’s ox cart,” says my new friend and guide, Adrian. “They don’t usually see a gringo in it.” In fairness, they probably don’t see all that many foreigners anywhere in the beautiful colonial town of Santa María de Fe. On the site of a former Jesuit reduction (mission town), Santa María de Fe is a small town in Paraguay’s Misiones Department, 152 miles south of the capital, Asunción. Paraguay is one of the least-known countries in Latin America. And the little that people do know about this landlocked country at the heart of the continent is often about its history of eccentric dictators and military coups.
Latin America is home to many scenic colonial towns with a low cost of living. But every once in a while, a location crosses our radar that truly stands out. Bolivia’s southernmost city, Tarija, is just such a place. Tucked away in a mountain valley, with vineyards stretching to the south, Tarija is one of the continent’s hidden treasures. For a start, there’s the cost of living. A couple can live in Tarija, including rent, for $1,000 a month. For $1,200 to $1,500 a month, you can live in a centrally-located apartment, dine out, buy wine, join a gym, go to the movies, and get manicures. You’ll find places where you can enjoy a delicious and filling three-course meal for less than $4.
Getting a small business loan can be a challenge anywhere. It’s especially tough in a new country where you may not have a credit history or collateral. Fortunately, there’s a way to raise money for your business abroad that bypasses banks altogether. It’s called reward-based crowdfunding. With crowdfunding you fund your business idea without taking out a loan, going into debt, or sharing equity with a financial partner. It’s a perfect solution for many expats because it enables you to fund your business across borders. You can raise money from backers anywhere in the world for a business activity in the country of your choosing.