1. Algarve, Portugal
Why it’s on the list: The Algarve region in Portugal is known for its stunning coastline, low cost of living, and friendly locals.
Cost of Living: The cost of living is reasonable, with affordable housing and dining options.
Taxes: Portugal offers tax incentives for retirees, including a reduced tax rate on foreign pension income.
Climate: Algarve enjoys a Mediterranean climate with mild winters and warm summers.
Medical Availability: Portugal has a well-developed healthcare system, and English-speaking doctors are readily available.
Housing: The region offers a range of housing options, from coastal apartments to countryside villas.
Languages Spoken: Portuguese is the primary language, but English is commonly spoken in tourist areas.
Expat Retiree Community: The Algarve has a thriving expat retiree community, providing a sense of belonging for newcomers.
