Retirement is often viewed through the lens of settling down in familiar territories or trending tropical paradises. However, as we roll into 2024, a surprising shift has been observed in the choices of retirement destinations for Americans and Brits, breaking the traditional mold. Let’s dive into the less traveled roads that are becoming hotspots for retirees, starting with an unexpected leader – Bulgaria.
Why Bulgaria? A Hidden Gem Unearthed
According to the Bulgarian real estate website Realistimo, more and more English speakers relocated to Bulgaria after the pandemic. Bulgaria might not first spring to mind when you think of retirement havens, but it should. This Balkan beauty is fast becoming a preferred destination for those looking to stretch their retirement funds while enjoying a high quality of life. The cost of living here is significantly lower than in most of the U.S. and the UK, yet it offers a lifestyle that rivals many Western European countries. The real estate properties in Bulgaria are among the cheapest in the European Union. Imagine sipping a fine local wine that costs less than a latte back home, or owning a property with a view of the mountains or the Black Sea without breaking the bank.
The relocation expert Manuella Irwin, author of a couple of books on moving home, from the moving companies website My Moving Reviews shares that more Americans are looking for long distance and international moving companies to relocate them to European destinations with lower taxes to retire to. Bulgaria’s tax regime is friendly for retirees, featuring a flat tax rate that makes financial management straightforward and predictable. Healthcare is another strong suit, with affordable services and increasing standards that align well with Western expectations.
Moreover, the natural landscape—from serene beaches to rugged mountains—provides not just scenic beauty but a playground for the active retiree. Bulgaria’s rich history and vibrant culture offer endless exploration opportunities, from ancient ruins to contemporary art scenes
Portugal: The Sunny Side of Retirement
While Bulgaria steals the spotlight, Portugal remains a solid choice for retirees seeking mild weather and a relaxed pace of life. The country’s Algarve region, with its world-renowned golf courses and stunning coastlines, continues to draw retirees from across the globe. Portugal’s healthcare system is ranked highly and is bolstered by a growing number of English-speaking medical professionals, catering well to expatriate communities.
Additionally, the country’s Golden Visa program offers a path to residency through property investment, making it an attractive option for those looking to maintain an EU base.
Mexico: A Blend of Warmth and Tradition
Crossing over to the western hemisphere, Mexico remains a favorite, though it’s often overshadowed by more exotic Asian and European locales in discussions about retirement. Its appeal lies in its cultural richness, affordable healthcare, and close proximity to the U.S., making it ideal for those who seek frequent visits from family or wish to go back home without much hassle. Places like Lake Chapala and San Miguel de Allende are teeming with expat communities that offer a support network for new arrivals, making the transition smoother.
Further Advantages of Bulgaria for Expats
It is especially easy for Brits to retire to cheaper countries, especially after the Brexit fiasco. The UK removals website Removal Reviews sees more and more people looking for international removal companies to move them from the UK to Spain, Bulgaria or Portugal.
Delving deeper into what makes Bulgaria particularly attractive, aside from the cost and natural beauty, are the less talked-about perks. For one, the country has a surprisingly temperate climate. Unlike the harsh winters of the northeast U.S. or the unpredictable British weather, Bulgaria enjoys four distinct seasons, each with its own charm and possibilities for outdoor activities.
The culinary scene is another unsung hero. Bulgarian cuisine is a blend of Slavic, Greek, and Turkish influences, offering a variety of flavors that cater to all palates, often made with organic, locally sourced ingredients. Imagine dining on fresh salads like the famous Shopska, hearty stews, and delicious pastries at prices that are hard to find back in the UK or U.S.
Safety is a priority for many retirees, and Bulgaria boasts one of the lowest crime rates in Europe, allowing expats to feel secure in their new surroundings. The local communities are also known for their hospitality towards foreigners, making it easier for retirees to integrate and feel at home.
As part of the European Union, Bulgaria is about to become part of the Eurozone and its local currency is about to be substituted with the Euro.
Lastly, Bulgaria’s strategic location in Europe allows retirees easy access to other European countries, perfect for those who view retirement as a stage for adventure and exploration.
Of course, there are many reasons not to move for retirement, but there are even more pros to doing it as soon as possible. When thinking to move internationally, make sure you prepare as this could be quite stressful if there is not much planning involved beforehand.
As we rethink what it means to retire in 2024, Bulgaria, Portugal, and Mexico present compelling arguments to step off the beaten path. These countries offer not just a place to live but a lifestyle to be embraced—a blend of affordability, culture, and comfort. For Americans and Brits looking beyond the traditional retirement script, these destinations promise a retirement that is as enriching as it is surprising. So, why not venture a little differently? After all, retirement is not just about settling down; it’s about setting off into new experiences and making the most of every moment.
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