Retiring


The Algarve named as the ideal place for retired expats

by Ray Clancy on September 29, 2014

In many countries there are groups of expats from all over the world who retire to find a dream home and place in the sun. Now, new research shows that the Algarve in Portugal is the ideal location.

The region has more than 100,000 resident expat retirees who love its medieval towns, fishing villages, markets, wine, beaches and weather, according to the annual Retire Overseas Index from online magazine Live and Invest Overseas.

Is the

The Algarve has over 100,000 expat retiree residents

In second place is Cuenca in Ecuador, followed by George Town in Malaysia, Chiang Mai in Thailand, Dumaguete in the Philippines, Pau in France, Medellin in Columbia, Abruzzo in Italy, City Beaches in Panama, and Istanbul in Turkey.

Cuenca, a colonial city in the highlands of Ecuador, is described as having a spring like climate all year round and a low cost of living. The index says healthcare is high quality and inexpensive and the country offers user-friendly retiree residency options.

George Town, a UNESCO World Heritage Site, is described as a busy, thriving city with a large expat community that has managed to retain its colonial charm. The report says it is affordable with a tropical climate, an intriguing culture, and is largely English speaking.

Chiang Mai has been luring expats from the West for many years with its low cost of living and weather. The report also says it has high quality health care, modern infrastructure and an abundance of Western amenities.

Dumaguete is a seaside university town that has cultural opportunities, with international standard healthcare in nearby Cebu. The primary appeal for the would-be retiree is a super-low cost of living. A retired couple could live on as little as US$1,000 per month.

Pau in south west France, close to the Pyrenees, has one of the highest ratios of greenery per square meter per person of any European city. It is described as ideal for expat retirees who can’t afford Paris or the South of France. The index says a retired couple could live on US$2,000 per month.

The industrial, economic and financial centre of Colombia, Medellin is also described as a literary and artistic city. The cost of living is affordable, though not super-cheap, the report says. The medical care is described as ‘excellent’, with five of the 35 best hospitals in Latin America located in the city.

Abruzzo is named as one of Italy’s secrets. It has golden beaches, the sea, mountains and is not overcrowded. The report says life hasn’t changed much over the years and calls it one of Europe’s best bargains. A couple could retire on as little as US$2,000 per month or less, including rent.

City Beaches, two hours west of Panama City, is the most developed, established, and fully appointed beach community in the country. According to the index, it offers a high quality beach lifestyle. The former weekend retreat is evolving into a fully-fledged retirement community with an established population of full-time foreign residents supported by a developed infrastructure, including good medical facilities.

Istanbul is described as being ‘exceedingly affordable’, perhaps the best place in the world to enjoy city living on a budget. The index says a couple could retire on a budget of as little as US$1,100 per month.

The index, which names the 21 best places to retire overseas in 2014 rates the Algarve highly for safety, infrastructure and healthcare. Portugal ranks as the 17th safest country in the world and the country has seen important infrastructure investments recently, specifically to do with the country’s highway network and airports, making it a great base for exploring all of Europe and Northern Africa.

Portugal’s health care is of an international standard, and medical tourism is a growing industry in the region. Also, due to the country’s strong historic and cultural links with England, English is spoken more widely in the country in general and even more so in the Algarve than you might expect.

The index also points out that the cost of living in Portugal is among the lowest in Western Europe; on average 30% lower than in any other country. A retired couple could live in the Algarve comfortably but modestly on a budget of as little as $1,500 per month.

{ 0 comments }

Thumbnail image for Retired Aussies tempted by expat life in South East Asia

Retired Aussies tempted by expat life in South East Asia

August 28, 2014 Asia

More and more retired Australians are moving to South East Asia to live because costs are up to 80% cheaper than their home country, it is claimed. With the number of Australians aged 65 and over set to reach eight million over the next 35 years, the trend is sparked by the dream of living [...]

Read the full article →
Thumbnail image for Spain is the top location for Brits retiring abroad

Spain is the top location for Brits retiring abroad

August 5, 2014 Britain

Over six million British adults are planning to retire abroad and most of them want to move to Spain, which is the nation’s top foreign retirement destination. New research reveals that Spain is still the most popular place for Brits to retire, with 26% opting for the country. In second place is France, with the [...]

Read the full article →
Thumbnail image for Retiring overseas could be cheaper for UK pensioners

Retiring overseas could be cheaper for UK pensioners

June 16, 2014 Britain

Higher utility bills and other living costs in the UK could be enough to persuade more people to retire overseas, research suggests. Pension experts at Expat & Offshore have analysed data from the Organisation of Economic Co-operation and Development and predict that emigration out of the UK will continue to rise if current pension savings [...]

Read the full article →
Thumbnail image for Currency fluctuations hit British expat pensioners hardest in Switzerland

Currency fluctuations hit British expat pensioners hardest in Switzerland

June 18, 2013 Retiring

British pensioners living overseas have potentially lost out on over £10.6 billion of their income since 2007 due to the falling strength of sterling, it is claimed. An analysis of the top 13 countries where over one million British expat pensioners live and receive state pensions by foreign currency specialists HiFX found that those living [...]

Read the full article →
Thumbnail image for Belize to continue with incentives for retired expats, official says

Belize to continue with incentives for retired expats, official says

February 18, 2010 Retiring

Officials in Belize say that incentives for retired expats in the Central American country are not being discontinued despite reports to the contrary. The country on the Caribbean coast between Mexico and Guatemala, has English as its official language and is popular with expats from the US and UK. Under the Qualified Retired Persons programme retirees are exempt [...]

Read the full article →
Thumbnail image for Expats cut back on luxuries due to global economic downturn but most have no plans to return home, survey shows

Expats cut back on luxuries due to global economic downturn but most have no plans to return home, survey shows

February 4, 2010 Retiring

The highest paid expats in the world are living in Asia but worldwide most expats have found that the global economic downturn has affected their finances especially in the UK which is one of the most expensive countries in the world for foreigners, according to the largest ever survey of expats. While Asia has the highest earners, the [...]

Read the full article →
Thumbnail image for Retiring in Thailand

Retiring in Thailand

August 6, 2009 Retiring

A New Life in Thailand For three years running, Thailand has managed to keep its position as the top tourist destination in the world. Despite the tsunami, despite the Muslim insurgency in the southern provinces, Thailand is still the destination of millions of tourists drawn to its tropical beauty, its hospitable people, and world-class services. [...]

Read the full article →
Thumbnail image for Retiring to South Africa

Retiring to South Africa

August 6, 2009 Retiring

To the rest of the world, South Africa is a kaleidoscope of images — apartheid and black empowerment, Nelson Mandela and Desmond Tutu, blood diamonds and de Beers engagement rings, Christmas festivities at the beaches and safaris where visitors can view, but not shoot, the big five wild game.  For people poised to retire from a job, [...]

Read the full article →
Thumbnail image for Retiring to Spain

Retiring to Spain

August 6, 2009 Retiring

It is spring in Spain. Freed from the iron rule of an aged dictator, the country is undergoing its own renaissance in all aspects of Spanish life, culture and art.  Although still burdened with such serious challenges as the separatist movement, Spain is vibrant and alive in the 21st millennium. This diverse country on the [...]

Read the full article →
Thumbnail image for Retiring in the Philippines

Retiring in the Philippines

August 6, 2009 Retiring

A New Life in the Philippines The Philippines is made up of more than seven thousand islands. The count actually varies, depending on whether it is high tide or low tide. A unique island is typhoon battered and ruggedly beautiful Batanes, where people live in low stone houses without any locks, use homemade lamps to [...]

Read the full article →
Thumbnail image for Retiring to Panama

Retiring to Panama

August 6, 2009 Retiring

A New Life in Panama Panama welcomes expatriate retirees with open arms.  It offers the Pensionado Program, a neat package of the best incentives for retirees in the whole wide world.  You don’t have to be sixty to qualify as you can be 19 years old and all you need to do is show that you [...]

Read the full article →
Thumbnail image for Retiring to Mexico

Retiring to Mexico

August 6, 2009 Retiring

A New Life South of the Border in Mexico The formal name is the United Mexican States and is popularly known as Mexico, now the fifth of the top ten destinations in the world for “international retirees” to become Expats in Mexico . More than a hundred thousand North Americans, mostly from the U.S. and Canada, [...]

Read the full article →