Europe offers some of the best places for American retirees because of the available affordable housing and cost of living. Now, they don’t have to empty their savings account in an instant after they retire.
Live and Invest Overseas is helping American retirees to find the perfect destinations for them. They considered the following categories: cost of living, crime and safety, how often English language is used there, entertainment, environmental conditions, the expat community, health care, infrastructure, recreation, residency options, taxes, and real estate.
Weather is also an important factor to consider since retirees are often looking for places with warmer weather to settle into. Here are the five places in Europe, in no particular order, that American retirees should consider moving into.
Budapest is known for world-class architectures and thermal spas, which are perfect after a long day of sightseeing. It is also near to other cities in Europe such as Vienna. A monthly rent of 2-bedroom apartment will cost retirees $846, while groceries for two could cost $301.
The region has a growing expat community due to its above average healthcare and medical services. The cost of living is also affordable. English is widely spoken there, and a monthly rent for a 2-bedroom apartment would only cost $1,005. Groceries good for two will only cost $295 monthly.
Contrary to popular belief, not all parts of France are expensive. The south of France promises warmer weather, beaches, and nearness to Spain. According to Oyster.com, Toulouse is 30 percent cheaper than Paris in terms of cost of living. Another great way to consider France is their healthcare system, which is accessible to foreigners after just three months of residency.
This tiny Mediterranean island offers sea, sunshine and English-speaking locals. Valletta is warm even in winter. It also has historic buildings and highly-rated restaurants. Monthly rent starts at $450. Groceries are priced incredibly low; milk, bread, and other groceries can be bought for only a dollar, while good wine retails for $6 a bottle.
Culture, food, weather, and history are the advantages Spain has to offer for American retirees. Moreover, it offers public and private healthcare for foreigners. Living in Alicante is much cheaper than Madrid or Barcelona. Experts claim living in Alicante is 44 percent less expensive than in Dallas, Texas.
Some other places in Europe worth mentioning are Saint-Chinian, France; Lisbon, Portugal; Citta Sant’Angelo, Italy; Chania, Crete, Greece; Bled, Slovenia; Bari, Italy, Porto, Portugal; Galway, Ireland; Dubrovnik, Croatia; Prague, Czech Republic; and Heidelberg, Germany.
Additionally, there are more options to choose from such as Macedonia (cost of living, per month: $1677.74), Montenegro (cost of living, per month: $1349.73), Romania (cost of living, per month: $1274.46), Bosnia and Herzegovina (cost of living, per month: $1207.11), and Serbia (cost of living, per month: $1133.86).
The unemployment rate in DR Congo could skyrocket
The difficulties and bankruptcies generated by COVID-19 have had a devastating economic and social impact in Africa.On the private sector...
Alantra increased its income in the first quarter of the year
Alantra's net profit fell 13.5% during the first months of the year to $5 million (€4.5 million’). However, the company's...
Three Valencian startups selected for EIT Health’s Headstart program
EIT Health, selected 89 initiatives throughout Europe, to take part in the Headstart program. The companies will be able to...
The Corona crisis could bring momentum to the Swiss crowdfunding market
In 2019, almost $624.8 million (CHF 600 million) was brokered in Switzerland via crowdfunding platforms. That means the market continued...
Containment boosts electronic invoicing in Belgium
Forced to work at a distance, many companies have taken advantage of this period to make the leap to electronic...
Business7 days ago
The importance of empathy-based marketing
Crowdfunding3 days ago
The Municipality of Milan launches a call to co-finance civic crowdfunding campaigns
Crypto6 days ago
Is the Bitcoin course in a phase of consolidation?
Featured5 days ago
The economic woes on the stock markets could be long-lasting