Philippines is one of the best four countries to retire in Asia according to a report from Investopedia.
Investopedia is an online resource hub for investors, businessmen, market analysts, and free traders. The respondents on the survey were expert editors, writers, and on-the-ground reporters at Live and Invest Overseas.
Malaysia and Thailand got the best two spots, while Vietnam and Philippines are considered as “countries that are up and comers that may hit the charts next year”.
Investopedia mentioned that the cost of living in the Philippines is one of the lowest in the world — even lower than Vietnam. They cited the “hip university town” of Dumaguete where 4,000 expats live and scuba dive as one proof why expats choose Philippines. According to Numbeo.com, one can rent an apartment for just over $200 per month or buy one for under $40 per square foot.
Cebu and Makati are also cited as favorite places for retirees. Makati, which is considered as a “safe part of Manila”, has access to good shopping, excellent healthcare, proximity to beaches and outdoor activities.
Another place that was mentioned is Tagaytay. Retirees prefer the year-round cool weather and spectacular scenery of Tagaytay City where the Taal Volcano is situated, and its proximity to Manila area.
Another reason to include the Philippines in their top list is that Filipinos are generally good in English conversation.