For the fourth year in a row, the Algarve has been named the “best place in the world to retire to” by the Live and Invest Overseas website. Lisbon is placed seventh.
According to the American website, the Algarve “has got everything the would-be retiree could want – great weather and lots of sunshine year-round; an established and welcoming expat community; top-notch medical facilities and health care, and an affordable (that is, downright cheap) cost of living, especially when you consider the quality of life on offer”.
It also highlights the “undervalued and bargain-priced property buys, including right on the ocean, and endless opportunities for fun, adventure, and enjoying rich, full, varied days out-of-doors”.
Also praised is the fact that a “great deal of English is spoken thanks to the longstanding British presence,” as well as the region’s “First World infrastructure; a new retiree residency program that rolls out the welcome mat for foreign pensioners; and easy access both from the United States and to and from all Europe.”
Live and Invest Overseas adds that at the current rate of exchange between the euro and the U.S. dollar, figures show that an (American) retired couple could “live comfortably” on the Algarve coast on “as little as US$1,700 (€1,448) per month”.