Deciding on where to retire can be one of the hardest decisions you have to make in life. For goodness sakes, there are just so many countries and cities to choose between—where should you start? Well now, you’re definitely doing the right thing by researching different destinations on the internet. So now that you have ventured upon Thailand, let’s take a little time to run through just 2 essential facts as to why this country may prove to be the perfect cheap place to retire to.
1. Beautiful Places to Retire to in Thailand
The Kingdom of Thailand is a relatively large country located in Southeast Asia. The climate here is warm across the whole nation, however, the south is certainly hotter than the north and this might prove to be a deciding factor for retirees who are keen to escape very high temperatures. With this in mind, the city of Chiang Mai may prove to be the ideal option for you.
Chiang Mai is widely regarded as being one of the most beautiful cities in Thailand. It is based in a valley up in the mountains in the north of the country and is said to be one or two steps down from the hustle and bustle of the Thai capital, Bangkok. Chiang Mai still offers you absolutely anything you desire for a great life in retirement but at a much more relaxed and altogether agreeable pace.
Many people actually look at Bangkok as a retirement possibility but I have to be honest and say that I think they are totally mad! I found this city to be too hot, sticky and busy and cannot imagine that it would be great for retirees. If you would like to be close to the facilities of Bangkok, you might instead like to think about the resorts of Pattaya and HuaHin. Both resorts offer myriad cafés, restaurants, bars and shopping opportunities and it is worth noting that HuaHin is actually home to the King of Thailand.
Of course, the most famous Thai resorts can be found in the south of the country and these include Phuket and KohSamui. Both resemble paradise on Earth and are surrounded by abundant natural beauty. The white sandy beaches and azure-blue seas are simply divine and are guaranteed to keep any retiree thoroughly happy!
2. Living a Princely lifestyle but cheaply!
It is well known by now that you are able to live well in Thailand for a fraction of the cost you would pay in most other Western nations. This is definitely true, but you will find that the cost of living varies across the country—like anywhere else on this planet. For example, if you were looking to rent an apartment in the centre of Bangkok, you would be likely to find that prices here are on a par with many US cities. Move just a short distance outside of the central business district and you find prices will drop to more reasonable levels.
It is not recommended for you to purchase a property in Thailand without having visited the country extensively beforehand. There are some strict rules relating to foreigners purchasing property in Thailand, therefore professional and accurate legal advice should always be sought before you venture down this route. Rental prices can be very reasonable, though, and it is entirely possible to secure a one-bedroom apartment in many areas of Thailand for around 6,000 THB (which works out at around €146.00). A three-bedroom property will be around 15,000 THB (or €366.00 per month).
You should find that your day-to-day bills are considerably cheaper in Thailand compared with the US and Europe. To provide you with some good examples here you can grab a quick meal in a restaurant for around 60 THB (€1.49) and a meal for 2 in a mid-range restaurant will cost just 500 THB (€12.20). Transportation is especially cheap in Thailand and a one-way ticket on public transport will cost as little as 20 THB (€0.37). Tuktuks are not generally recommended in Thailand as there appears to be a propensity to exploit foreigners.
If you are able to adjust to the cultural differences in Thailand, you really can look forward to living in the ‘land of smiles’ like royalty. This is an immensely beautiful country and a land where many retirees have already made the move and adjusted to a totally different way-of-life. If this sounds like it might be right for you, get that flight booked to Thailand without delay and find out how you truly feel about spending your golden years here.