In recent years, an increasing number of pensioners from across Europe and the United States have chosen to spend their retirement years outside their home countries.
According to data from the U.S. Social Security Administration, more than 700,000 Americans now receive their monthly pension payments while residing in foreign lands.
Europe, in particular, has become a popular destination for these retirees, and several factors help explain why.
For some, retiring in Europe offers a chance to reconnect with the culture of their ancestors. Others might be drawn by the prospect of spending more time on a continent they enjoyed during their holidays.
Depending on the specific country or city, European destinations can offer a lower cost of living, a pleasant climate, or a high quality of life, all of which are highly attractive to those looking to make the most of their retirement.
While the allure of retiring in Europe is strong, it’s essential to consider various factors before making the move. Seeking expert advice on tax implications is highly recommended, as different countries have different rules and agreements that could impact your financial situation.
Additionally, researching healthcare options, visa and residency requirements, rental costs, infrastructure, and language barriers is crucial to ensuring a smooth transition.
Recently popular travel portal Travel+Leisure published its list of 9 of the Best Places to Retire in Europe.
Making the list was one city in Croatia.
Split, Croatia: A Top Destination for Retirees
One particularly attractive destination for retirees is Split, Croatia. As noted by Travel and Leisure, Croatia is gaining popularity not only as a tourist hotspot but also as an ideal place to retire.
The country boasts approximately 5,800 kilometres of coastline, and its warm, dry summers and mild winters create an appealing climate for those seeking year-round comfort.
Split, the second-largest city in Croatia, offers easy access to some of the country’s best beaches.
The city is steeped in history, with the Roman Emperor Diocletian having built his palace there, the remains of which are now a UNESCO World Heritage Site.
Split
The vibrant local scene, featuring restaurants, bars, cultural venues, and entertainment options, combined with a significant number of English-speaking residents, makes the adjustment to life in Split relatively straightforward for foreign retirees.
For American citizens planning to stay in Croatia for more than 90 days, applying for a temporary residence permit is necessary.
After five years of residency, they can qualify for permanent residency. Additionally, Americans are allowed to purchase property in Croatia, making it easier for them to settle down.
Split
Healthcare in Croatia is considered adequate, and there are English-speaking doctors available, ensuring that medical needs can be met without significant language barriers, as reported by tportal.
Other places on the list 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.
Source link : https://www.croatiaweek.com/croatian-city-on-list-of-9-best-to-retire-in-europe/
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Publish date : 2024-08-25 07:00:00
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