Sun? Check. Soft prices? Check. And, not unimportantly, is the health care a bit sound? Let MASTERS take you to retirement paradises on earth. After all, according to new research, these are the ultimate places to enjoy your well-deserved retirement.
The Annual Retirement Index focuses on retirement destinations abroad and bases its rankings on established expathubs with a proven track record of comfortable living. Several aspects are thoroughly assessed for each destination.
Thus, housing is considered first, focusing on the ease of buying and owning property as a foreigner and the value to homeowners. This includes factors such as the price of housing in expat-friendly locations and property taxes. 'Visas and benefits' are also a crucial category, analyzing the accessibility of a tourist visa, the speed and simplicity of obtaining it, its duration, and renewal and permanent residency options. In addition, special benefits such as retirement benefits, health care discounts and other expenses are also included.
Of course, it's nice to get some value for your hard-earned money. Thus, indexing also examines the cost of living. A lower cost structure results in a higher score.
Spain has consistently maintained its position among the top destinations for retirees and, according to International Living a unique blend of rich cultural experiences, a favorable climate and a high quality of life. Whether you prefer the mild temperatures of the Mediterranean coast or the sunny days of the Canary Islands, with 300 to 320 sunny days a year, it is one of the sunniest regions in Europe.
Panama has its problems and is still developing rapidly in several ways. But according to the study, there are few places on earth that offer so much with so little inconvenience. Consider a mild, sunny tropical climate, no hurricanes, a strong dollar economy, affordable quality healthcare, no foreign income tax and low property taxes. The country is also home to an active, welcoming expat community.
Mexico offers diverse natural beauty, a thriving expat community, and a friendly culture, all without the loss of luxury. In addition, the Mexican wine industry is among the best in the world. As for food, from street food to five-star chefs such as Jonathan Gómez Luna, Mexico appears to have everything for true foodies. Friendly real estate prices also make it an attractive destination for pensionados. Even in hotspots like the Riviera Maya, you can buy a new apartment for a scant two tons.
Portugal is among the safest countries in the world. Crime is low and gun violence is unheard of. In addition, survey participants expressed their love for the Portuguese people; one of the most friendly and authentic in the world. The country's natural beauty and mild climate also make it a suitable location to retire here: 'What Portugal lacks in size, it makes up for in diversity. From vibrant cities to quaint medieval villages, this little gem of a country has something for almost everyone.'
For the third time in a row, Costa Rica is the number one spot on International Living's list. Its casual pura vida atmosphere makes it "The perfect home away from home," according to the research firm. But it could also be because of its tropical beaches, Central Valley's mild climate or the fact that peninsula Nicoya is home to a Blue Zone. Perhaps ever heard of it; one of those places where people seemingly never age. In addition, the country's stability is much appreciated. For example, Costa Rica is hailed as the Switzerland of Central America. In 1948, the military was abolished and the money put into health care and education.
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