2 countries seem to be very attractive for me to buy a retirement property... Australia and New Zealand. Both countries coastal locations have dropped in market prices by almost 30 % to 40%. New Zealand is definitely a bit cheaper than Australia but both countries have no capital gains tax on the sale of a home... if the owner lives in it.
Rural property is attractive in those countries as a yield proposition, with the added benefit of a currrency play for foreign investors. Also attractive with first home owners grant for Aust & NZ citizens. Therein lies part of the benefit because that grant will push up rural properties since its equal to 20% of the home price (in cases). Its too soon to buy in the cities, as property prices were really ramped up by govt policy. These countries have a debt pyramid, so the opportunities are very specific.
