An expat told HSBC: “Transport of your own is a must. Let it be your first priority. Always keep some cash at home.”
Retired expats may prefer to live by the beach where they can enjoy good weather and a more relaxed pace of life.
However, despite the lower cost of living, expats will need to consider the quality of the Philippines’ healthcare before they move.
A Penfold spokesperson said: “The Philippines has the lowest costs within the countries listed, yet the worst quality of healthcare facilities.”
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