Budapest among Europe’s best cities to spend your post-work years
Change language:
It can be difficult to choose the perfect place to retire, whether you are looking for a quiet seaside town or the cultural life of a historic city. To help those looking for the perfect place to retire where they can enjoy a full-value and comfortable environment, Moneypenny has revealed the best places to retire in Europe based on a number of factors, including average cost of living, required retirement savings and variety of amenities. Budapest is among the best places to spend your post-work years.
Of course, for some of us, one of the key parts of our retirement plan is to potentially up-sticks and move to an entirely new city, one that can perhaps better facilitate our hobbies or simply for a change of scenery, moneypenny.com wrote.
But with so many cities across the UK and Europe, how do you decide which city to retire to when the time comes? To lend you a hand answering this question, we conducted extensive research to uncover the cities in the UK and Europe which offer the best overall retirement experience!
By taking into account numerous factors, including average rent, cost-of-living index, number of green spaces, and how many cafés there are, we were then able to rank the top cities for spending your golden years in.
You may read about the best citied to retire in the United Kingdom HERE.
The best cities to retire in Europe
For those who have their hearts set on emigrating to a country in the EU when retirement time comes, we also ranked the top five cities for retirement in Europe.
For this, we used the same criteria as we did when researching the UK but there are also some key additions, namely the average retirement age and the percentage of healthcare access. These factors help to give a feel for how each city treats its elderly and what you can expect if you were to retire there:
1. Sofia
The capital of Bulgaria, Sofia has a cost-of-living index of 41.2 and a total score of 5.5. This is due to an average rent of £322.36 and utilities of £108.27 a month, which means your minimum retirement savings only need to be £126,301 (the lowest out of our UK and EU rankings).
Sofia has 69% access to healthcare, 27.85% green space, 25 fitness clubs, 2 golf courses and 246 cafés. With a male retirement age of 64.8 and women usually retiring when they’re 62.17, people can generally enjoy their nest eggs earlier than those in the UK.
2. Budapest
Hungary’s capital, Budapest, comes in as the second-best place in Europe to retire. The cost-of-living index here is 43.8 and the city’s total score is 5.1, which comes with a typical rent of £385.27 and utilities averaging at £120.90.
Notice: They are almost all the places that are still European, not infested with third-world illegal aliens menacing, robbing, rioting, and raping people, very much including seniors.
Rome, Marseille, Athens and London are not experiencing a lack of foreigners, legal and illegal, yet they’re also on the list. If we’re being honest, the real reason why CEE cities have not seen a marked tilt towards immigration comes down to weak local incomes and commensurately low living standards compared with cities further west. This is apparently both a blessing and a curse.