An increasing number of retirees from Europe and the United States are opting to spend their retirement years outside their home countries. According to the U.S. Social Security Administration, over 700,000 Americans are now receiving their monthly pensions while living abroad. Europe has become an especially popular destination for retirees, and there are several reasons behind this trend.
Many retirees are drawn to Europe to experience the culture of their ancestors or to enjoy more time on the continent where they vacationed frequently. European destinations offer a variety of benefits, including lower living costs, pleasant climates, and high quality of life, depending on the country or city, reports tportal.
Given the many factors to consider when retiring abroad, experts recommend seeking professional advice on taxes and thoroughly researching healthcare options, visa and residency requirements, rental costs, infrastructure, and language.
Why Croatia is Becoming a Retirement Hotspot
Among the European destinations gaining popularity among retirees is Croatia, with the coastal city of Split recently making the list of top cities for retirement. According to the travel portal “Travel and Leisure”, Croatia is not only an increasingly popular tourist destination but also an attractive place for retirement. The country boasts approximately 5,800 kilometers of coastline, warm, dry summers, and mild winters, creating an ideal climate for retirees.
Split, Croatia’s second-largest city, offers easy access to some of the country’s best beaches and a rich cultural heritage, including the remains of Diocletian’s Palace, a UNESCO World Heritage site. The city also has a vibrant lifestyle with numerous restaurants, bars, cultural and entertainment venues, and a significant number of English-speaking residents, making it easier for foreigners to settle in.
Split
For U.S. citizens planning to stay in Croatia for more than 90 days, a temporary residence permit is required. After living in the country for five years, they become eligible for permanent residency. Americans are also permitted to purchase real estate in Croatia, adding to the appeal of retiring there. Healthcare in Croatia is considered adequate, with many English-speaking doctors available, which adds to the comfort for expatriates.
Other Popular European Retirement Destinations
Croatia is not the only European destination gaining attention from retirees. Other popular locations include the Algarve in Portugal, Bordeaux in France, Budapest in Hungary, Ljubljana in Slovenia, Alicante in Spain, Valletta in Malta, Kinsale in Ireland, and Prague in the Czech Republic. Each of these destinations offers its unique blend of lifestyle benefits, from cultural experiences and scenic landscapes to affordability and healthcare quality.
As more retirees seek to enjoy their golden years in scenic and culturally rich environments, Europe continues to be a top choice, offering a diverse range of locations that cater to various preferences and needs.
Source link : https://www.thedubrovniktimes.com/news/croatia/item/16843-growing-number-of-retirees-choose-europe-for-retirement-with-croatia-emerging-as-a-top-destination
Author :
Publish date : 2024-08-25 07:00:00
Copyright for syndicated content belongs to the linked Source.