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Which European destinations offer the best lifestyle for retirees?

When seeking destinations that offer the best lifestyle for retirees, Ireland, Spain, Portugal, and Cyprus shine as top contenders. Each location is steeped in rich culture, natural beauty, and a welcoming atmosphere that makes retirement enjoyable and fulfilling. Ireland tops the list with a strong community feel, vibrant traditions, and ease of settling for British nationals.

Spain and Portugal are particularly popular for their stunning coasts and sunny weather, offering a vibrant lifestyle complete with numerous recreational activities and a vast array of gastronomy options. Imagine enjoying sunny terrace cafés paired with breathtaking views of the Algarve or experiencing tapas in the heart of Spain.

Also, these countries have excellent healthcare systems and social services aimed specifically at retirees, ensuring that your health needs are well taken care of. The cost of living typically aligns with a more manageable budget, especially in Portugal where living costs remain lower than in many other Western European countries.

Whether you’re looking for leisure, culture, or a friendly community, these destinations provide a robust lifestyle that caters to your retirement dreams. To explore the best properties available in these beautiful countries, reach out to us today!

Tuesday, 21 May 2024 - News
Which European destinations offer the best lifestyle for retirees?

For many Britons, retirement means moving somewhere new.

New analysis from relocation experts Property Guides has found the easiest locations for retirees, taking into account culture, visa requirements, cost and more. 

Landing in the number one spot is Ireland, with a lack of visa requirements, English-speaking residents and relatively "safe and happy" environment.

Spain, Portugal and Cyprus claim the next three spots on the list.

However, Spain is high on the minimum annual income requirement.

"Spain's is one of the most expensive. It is currently around €27,000 (£23,000) per year for the first applicant. Just over the border in Portugal, it is less than €8,500 per year. Turkey's is the cheapest, working out at a little over £5,000, while Italy requires over €30,000," Property Guides says.

Turkey also came out well for the low cost of living - unlike New Zealand.

 

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European countries in general offer visas aimed specifically at those receiving pensions or investment incomes, according to Property Guides.

Commonwealth countries such as Australia and Canada, however, actively restrict those over 55 from moving there, even if they have a high passive income (income such as pensions, that doesn't require a job). 

It becomes easier if retirees have children who are already legal residents.

"Golden visas", which encourage wealthy people to invest in a country, are becoming less common. 

"Most countries are now cancelling their residential investment option, including Cyprus and Portugal, and Spain will soon be closing its own. However, for now, you can still get one in Spain, Greece and Turkey, for as little as a €250,000 property, and these we have judged the easiest to retire to."

Property Guides also looked at health services. They took rankings from a Legatum Prosperity Index. 

"Top scorers were Germany, Italy and France, in that order. Bottom of the pile was the USA."

The research noted that state pensions are not uprated for retirees in Canada, New Zealand and Australia.

It also factored in "sunshine hours", with the top three being Cyprus, Portugal and the US. Ireland came last here.

 

Source: https://news.sky.com/story/money-news-latest-inflation-sky-news-blog-13040934?postid=7706934#liveblog-body

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