I would like a flat in Tenerife, not a third world shithole like Thailand, the people hate and despise foreigners, they simply tolerate us.
Jimmy
Why would you want to buy abroad unless you were living there. It doesn't make economic sense.
Many years ago I had the funds to buy (coincidentally in Tenerife, Los Crstianos), nice 3 bed apartment IIRC it was about £80k.
One of my old man's mates at the time, a wealthy property guy gave me the same advice. He suggested I buy a couple of cheap industrial units in the UK instead and then use the rent as a holiday fund. Fast forward 20 years on and those wee units have increased in price as well as spinning of good rent increases in line with inflation. And over these years they have given me some great holidays around the world as well as a nice wee eggy for my retirement.
They are fully occupied and as such don't need to worry about maintenance costs or what's happening when I'm back home.
I just don't trust foreign gubmints as history has shown they can fuck you up financially.