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So, is it worth the effort to build a new life in retirement?
Some 73,800 foreigners holding the Philippines Special Resident Retirement Visa seem to think so.
Here are some of the reasons.
On that count, the Philippines is a true standout.
Its rent index is even lower, at just 15.1%.
Costs can get even cheaper if youre willing to live in more rural areas.
Its also used in many business and legal situations.
This can help make the transition to retirement feel much less foreign.
The more than 7,000 islands in the Philippines are blessed with pristine waters and idyllic shores.
But there are countless equally stunning and much less crowded options for more adventurous retirees.
While the Philippines doesnt allow foreigners to own land outright, it does allow them to buy condo units.
This can make the country feel more familiar to U.S. retirees, perhaps easing the transition.
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