Where is the best place to live in retirement? A ranking of countries for retirees.

The portal International Living conducted a study and compiled a list of the best countries for retirees, evaluating 24 nations based on various important aspects. The analysis took into account key factors such as quality of life, offerings for retirees, climate conditions, and the level of medical services. Interestingly, the top spots were occupied by countries located in Latin and Central America. Among European countries, Spain, Italy, Portugal, Malta, and France made it into the best rankings. In this article, we will explore which factors were decisive for including these countries in the top 10 and what the cost of housing is in these most attractive countries for retirement living.

10. Malta

This small country attracts retirees thanks to its pleasant climate. The island boasts approximately 300 sunny days a year, making it quite appealing for those tired of gray winter days. The warm temperatures here last until the end of November. Additionally, English is widely spoken in Malta alongside Maltese, which makes communication with locals and daily activities easier.

Let's note thatthe cost of living in MaltaLower than in most Mediterranean countries. As reported by International Living correspondent Barbara Diggs, a couple can fit into a budget of around $2,700 a month. For example, renting a two-bedroom apartment in the popular town of Sliema will cost about $800, while on the picturesque island of Gozo, it will be around $600. Dinner at a mid-range restaurant will average about $25 per person, including a glass of wine.

It is worth noting the high quality of medical services in Malta, which are characterized by accessibility and development. Even with minimal insurance coverage, a visit to the doctor is easily affordable. A consultation with a general practitioner will cost around 20 dollars, while a visit to a specialist will be about 65 dollars.

Moreover, life in Malta promises to be vibrant and interesting. The island is rich in historical and cultural landmarks—from ancient temples to fortresses. There are plenty of opportunities for water sports such as yachting, diving, and snorkeling. Various festivals are held regularly, creating a festive atmosphere.

Foreigners can purchase real estate in Malta starting from $118,900 (around €110,000). For this amount, you can find a one- or two-bedroom apartment in resort areas such as Gzira, Marsaskala, or Mosta. Apartments with two to three bedrooms will cost between $300,000 and $500,000, while a standalone villa can be valued from $500,000 to several million dollars. A detailed study of the real estate market can be conducted using various reviews and analytical materials.

9. Portugal

One of the main factors attracting retirees to this country is its low cost of living and affordable housing. Portugal is steadily gaining popularity among retirees. Here, retirees are offered comfortable living conditions and opportunities for an active lifestyle.

Life in Portugal

According to Glinna Prentis, editor of the international publication International Living, living as a couple in Portugal seems to be quite a feasible task. If you can budget around $1,700 a month in less crowded areas, this amount increases to $2,200 for the capital, Lisbon.

Portugal boasts a mild climate, and its picturesque Atlantic coastline is famous for its magnificent golden sandy beaches. Although the country borders the ocean, the lifestyle of the locals closely resembles the Mediterranean style: key aspects of their existence include family, socializing, exquisite cuisine, and excellent wines.

Popular places to live

Among foreign residents who prefer Portugal, Lisbon stands out in particular. Many choose to live in cozy coastal areas, such as Cascais and Estoril, where a variety of entertainment options, excellent infrastructure, and access to an international airport are available.

• The variety of restaurants and cafes
• Cultural events, including museums and concert venues
• Ease of access to infrastructure

Although the port cities in the north of the country are less popular, they are in demand among those seeking a cooler climate. The Algarve region is famous for its beautiful golf courses and sunny beaches, attracting many fans of active vacations.

Adaptation and housing

Local residents generally speak English fluently, which significantly eases the integration process for those moving to live permanently, as knowledge of Portuguese is not mandatory.

In popular tourist destinations, you can find affordable apartments on the secondary market, with prices around80-100 thousand dollarsIf you want more comfortable conditions, mid-range apartments can cost from150 thousand dollarsFor those looking to buy a house by the sea with an area150 square metersIn the economy class price range, be prepared to pay at least.200 thousand dollarsIt's interesting that if you were attracted to buying old property in historic areas, then from...375,800 dollars(or350,000 eurosYou can expect to obtain a residence permit.

Changes in Nicaragua

Now let's turn our attention to Nicaragua, where significant transformations have taken place over the last decade. Old, broken roads have been replaced with modern highways, and wind power plants have been installed in the southern part of the country to generate electricity. The city of San Juan del Sur has become a landmark destination, attracting retirees.

With each passing year, as the flow of immigrants increases, we are seeing more positive changes in infrastructure and services. The process of obtaining a residence visa here is quite simple, poses no difficulties, and starting your own business is also manageable. For two people, your expenses can amount to around1500 dollarsper month.

The range of local stores has significantly expanded compared to the situation ten years ago, when the shelves mainly featured only rum.

Housing prices in Nicaragua

The prices for housing in Nicaragua are quite reasonable, with the starting cost of homes beginning at around100 thousand dollarsModern residential complexes by the sea, although they are not very common, can cost from150 thousand dollarswhen they appear on the market.

The appeal of Spain

And finally, it's worth mentioning Spain — a country known for flamenco and tapas, which also boasts a relatively affordable cost of living in Europe. According to Glynna Prentice from International Living, a couple can comfortably live in small towns for about1900 dollarsper month, including housing rent.

The Spanish greatly value their culture, art, and way of life, which certainly makes this country an attractive place to live.

Housing in Spain

You can rent an apartment with one or two rooms in sunny Spain starting from $500 a month. When it comes to buying property, the minimum price starts at $70,000, but there are often more affordable options available on the market.

The prices for food in the country are also quite affordable. The climate in Spain varies: in the northwest, it is cooler and rainier, while in the south, the weather is hot and dry. The southern regions boast the highest number of sunny days in the year.

The long beaches of places like Costa del Sol and Costa Blanca impress with their beauty and attract many tourists.

Culture and economy

Nevertheless, Spain is not limited to just seaside resorts. The country is full of picturesque cities with a rich historical and cultural heritage.

Introduction

In small coastal towns, you can find some very attractive housing offers. Colombia, known to us as a Latin American country, has gone through many historical events and is now confidently moving forward, opening its doors to foreign citizens and showcasing its rich cultural heritage.

Unique offers from Colombia

This country offers its visitors an endless array of unique experiences: from lush coffee plantations to picturesque beaches and vibrant colonial cities full of life and trade. However, Colombia's greatest treasure remains its people, known for their warmth and hospitality. They are always ready to welcome guests, joyfully invite them to dance, treat them to national dishes, and willingly share traditions during local celebrations.

Cultural events

In every corner of Colombian cities, festivals dedicated to various aspects of culture and the life of the people are regularly held.

Housing rental in Medellín

According to International Living correspondent Nancy Kiernan, who lives in a popular area of Medellín, the monthly expenses for an immigrant renting a modern three-bedroom apartment are approximately1250 dollars.

At the same time, this city offers a wide range of housing prices: you can find apartments starting from500 dollarsper month. Life in Colombia is vibrant and diverse, ranging from relaxing vacations on the beaches of Santa Marta to active cultural leisure in the capital, Bogotá.

Entertainment in Bogotá

• Theaters
• Churches
• Art galleries
• Clubs
• Shopping centers

For an amount starting from150,000 to 500,000 dollarsYou can purchase an apartment here with an area of75 square metersThe cost of a regular house can also be quite high, while luxury villas are significantly more expensive.

Retirees in Costa Rica

Costa Rica has been attracting immigrants for over thirty years, and its popularity among foreigners, including retirees, is certainly significant. This country warmly welcomes guests, and the local population is known for its good nature and optimism.

Unofficial motto

It's no surprise that the unofficial motto of the country sounds likepure lifewhich translates to "life is good." Here, there is indeed an opportunity to enjoy a peaceful and calm way of life.

Registration of residence permit

Obtaining residency in Costa Rica is quite simple. There is a special program designed for retirees, known aspensioneronly a regular minimum income (for example, a pension) is required in the amount of1,000 dollars.per month.

Pensioners' budget

As noted by International Living editor Jason Holland, a retired couple can live comfortably on a monthly budget starting from2000 to 3000 dollars.

• Expenses on food can amount to no more than35 dollarsper week.
• The property tax is only0.25%from the appraised value of the property.
• Lunch at a nice local restaurant will cost just5 dollarsper serving.
• The cost of renting housing starts from400 dollarsper month for fully furnished apartments.

Rental housing located in pleasant and cozy neighborhoods.

Medical care in Costa Rica

One of the main reasons why Costa Rica is becoming a popular destination for retirees is the high quality of medical services. The country has two main healthcare systems. For example, retirees who participate in the pensionado program can connect to the Caja system, which encompasses an extensive network of hospitals and clinics throughout the country.

After making the monthly payment, the amount of which depends on income, they can visit doctors without restrictions. In addition, there is the option to pay for treatment out of pocket or use health insurance. Even in the case of self-payment, the costs for medical services will be comparable to the price levels in the USA.

Housing conditions in Costa Rica

The prices for housing in the coastal area of the Pacific Ocean are not as high as they may seem at first glance. For example, a two-bedroom house located just a few minutes' walk from the beach can be purchased in Costa Rica for a starting amount of$250,000 to $350,000.

Ecuador and its advantages

Ecuador ranks third in this rating and is close in scores to the other leaders. Despite holding the third position, it surpasses its competitors in some aspects. One of the key factors is the climate. Being in close proximity to the equator, Ecuador offers a unique opportunity to adapt climatic conditions as latitude changes.

Medical services in Ecuador

The prices for medical services in Ecuador are particularly affordable, making them very attractive to foreign citizens, while the quality of healthcare is quite comparable to that of leading countries in the world.

Real estate and benefits for retirees

Moreover, there are many options in the real estate market for both buying and renting. This country has a well-developed system of benefits and discounts for retirees, allowing them to enjoy significant privileges:

• Save up to65%on flights
• To save50%for movie tickets or sports events
• To receive50%discount on public transport fares
• Using city phones for free when purchasing housing

On average, a couple only turns to$1500per month for a comfortable life in Ecuador. For example, a two-bedroom apartment in the Quito area can be purchased for an amount starting from$100,000 to $200,000, and the house — for an amount less than$150,000.

Panama: comfort and simplicity of life

Panama, when speaking about it in general terms, is a modern, comfortable, and culturally open country. Although it is famous for its renowned canal, the true magnet for retirees is the simplicity of life in this country.

The level of comfort and convenience of living is directly linked to international trade and high levels of migration, which are facilitated by the Panama Canal. Locals are accustomed to foreigners, so you won't have to face issues with integrating into a new society.

Pension program in Panama

One of the most attractive aspects of life in Panama is the pensionado program, which offers numerous benefits for seniors.

Conclusion

In conclusion, I would like to emphasize that choosing a place to live in retirement is a very individual process that requires consideration of many factors. Each retiree looks for something different: some choose a warm climate and seaside, others value developed infrastructure and cultural offerings, while some pay attention to the availability of medical services and the cost of living. Countries such asMalta,PortugalandNicaraguaThey offer numerous benefits that can make your retirement life comfortable and fulfilling.

It's important to remember that among Latin American and Central American countries, which many retirees consider, there are also unique opportunities for gaining new life experiences. For example, Nicaragua, with its friendly residents and low housing costs, can be an appealing alternative for those looking for something amazing and affordable.

Personal preferences

Nevertheless, it seems to me that the best choice depends on personal preferences. If you dream of independence during your retirement years and are ready to explore new horizons, then it’s worth considering the possibility of moving to one of these countries. Before making a final decision, I recommend conducting thorough research on the situation, familiarizing yourself with the local culture, and perhaps visiting the necessary places in advance.

Conclusions

In the end, retirement age is not the end, but the beginning of a new life full of adventures and opportunities. Thus, everyone can find their place where they will feel happy, regardless of the country they choose. The main thing is to remember that such a change can become one of the brightest and most memorable stages of your life.