THE FIVE WORLD’S BEST PLACES TO RETIRE IN 2016
The ideal retirement spot should have all the recreational activities you’ve been longing for including golf courses, fishing, and plenty of outdoor trails. A good advice is to move to an attractive lifestyle features, like a good weather, rich cultural and educational offerings, and ample opportunities to stay physically active.
When you are no longer tied to your job you can finally take off for a warmer climate or pursue your favorite hobbies. Selecting a place to retire requires a great deal of thought and planning and we are going to help you choose.
TOP 5 OF THE BEST PLACES FOR RETIRMENT
Malaysia offers everything from tropical beaches and remote rainforests to the high-rise bustle of capital, Kuala Lumpur. The magazine International Living say that this country is among the cheapest places to live in its global cost of living index. It also reports that a couple can live in a spacious luxury apartment for less than $1,000 a month.
The healthcare and accommodation costs in Malaysia are very low. Malaysia is known as one of the world’s top “medical tourism” destinations attracting more than 700,000 healthcare travellers in 2013, according to the Malaysia Healthcare Travel Council.
The retiree residency is easy to obtain. The visa lasts for 10 years and extends to your spouse and children. The minimum monthly income requirement is 10,000 Malaysian ringgit (around $2,320).
Panama is the Central America tops 2016 global retirement havens listings compiled by International Living, with what the magazine describes as “hands down the best package of retirement benefits in the world”. Including discounts for retirees on entertainment, medicine and energy bills.
To receive these benefits all you need is a “Pensionado Visa”, for which you need to be over 18 years of age and have a pension of at least $1,000 a month to qualify. Panama has an internationally well-regarded healthcare system.
Living costs are low without these pension benefits, compared to many countries in Europe, and North America. According to numbeo.com, a website that tracks the prices of everyday items, a three-course meal for two in a mid-range restaurant in Panama can cost only $30. Property prices are reasonable, with foreigners having the same property rights as Panamanians.
Panama is relatively safe, compared to some Central American countries, according to Overseas Security Advisory Council, a body set up by the US Department of State.
The “Malta Retirement Plan,” allows EU nationals who take up residency to enjoy an income-tax rate of 15%. Malta offers a variety of visa options for non-Europeans wishing to live or retire on the islands. These visas, which are issued for one year and can be renewed indefinitely, are easier to get and can be applied for while in Malta on a regular tourist visa.
The country boasts a first-rate healthcare system (ranked fifth in the world by the World Health Organization) that is free to all citizens.
The monthly rent for a three-bedroom apartment in the capital, Valletta, is 990 euros ($1,080) and a three-course meal for two at a mid-range restaurant costs 50 euros ($55), according to the website numbeo.com.
Portugal is a beautiful country that have beaches and golf courses, to fishing villages and medieval towns. Lisbon, the capital, is one of the oldest cities in the world and ranks as of one of the world’s most liveable, according to the annual study by the Economist Intelligence Unit.
It also offers beneficial tax regimes. Under the country’s non-habitual resident’s scheme, foreign-sourced pension income can be exempt from income tax for a period of up to a decade.
Property prices are reasonable beyond the country’s luxury resort towns, such as Quinta do Lago or Vilamoura. According to website globalpropertyguide.com, the average monthly rents for a 350 m2 villa in the Algarve are around 1,635 euros ($1,790).
Retirees in Spain enjoy one of the finest climates in Europe, especially on the Mediterranean coastal region where the weather is sunny summers and mild winters. Spain also ranks high for its infrastructure according to International Living magazine, with its modern road networks, and extensive public transport coverage.
Although unemployment remains high, jobs are being created and estate agents are reporting rising demand for property in cities like Barcelona and Madrid. Real estate agencies estimate prices are still around 40% below the peaks reached in 2007, giving retirees the opportunity to potentially snap up a bargain.