Rating: Greece is the best place to live in retirement

According to a study by the British insurance company REASSURED, Greece and Cyprus are among the ten most affordable and comfortable countries in the world to live after retirement.

According to an information document from the Greek Embassy in Cyprus, the said company studied six parameters that most retirees consider when considering the prospect of moving abroad. These include: number of sunny days per year (sunshine hours per year), average life expectancy, cost of living index, average cost of living, average cost of transport, and percentage of the population over the age of 65. According to the publication of the corresponding study, Greece ranks first, and Cyprus – seventh.

It is noted that due to the high cost of living in the United Kingdom many Britons intend to move abroad after retirementwhile this study, according to REASSURED director of corporate strategy Phil Janes, is aimed at identifying areas that retirees can choose to save a portion of their income.

In particular, Greece, Portugal, Slovenia and Cyprus are equal in the life expectancy category (81 years), behind Japan (85 years), Malta (83 years), Spain and Italy (82 years).

The number of sunny hours per year in Cyprus is 3314, in connection with which the country ranks 1st among ten countries. Besides average cost of living was £598.78 (about €677), which is the highest average as shown in the corresponding table, while the cost of living index reached 55.9 and was one of the lowest in the Mediterranean (5th in the top ten countries ).

Medium transport cost in cyprus is 35.38 pounds sterling (about 40 euros), in connection with which the country ranks third after Portugal and Spain. The country’s overall score was 6358, which places it at 7th most attractive place to live in retirement.

Of the other countries in the top ten, our country ranked first place with a total score of 6806with an average life expectancy of 81 years (5th place), a percentage of the population over 65 at 23% (2nd place) together with Portugal, 2773 hours of sunshine per year (9th place), and the average cost of living is 307 .66 pounds (about 347 euros), which makes her second cheapest country in the top ten after Albania.

Cost of living index rose to 54.6 for Greece (6th), while the average cost of transport is £26.68 (about €30), placing the country in cost at 6th in the top ten.

The top ten most affordable countries, with which both Cyprus and our country compete for attracting retirees, is closed by Portugal, taking second place with a total score of 6.712. At the same time, Malta is in third place with 6.689, Italy in fourth with 6.482, Spain in fifth with 6.467, Cuba in sixth with 6.366, Cyprus in seventh with 6.358, Japan in eighth with 6.288, Albania in ninth with 6.272 and, finally, Puerto – Rico with 6,264.

The most low life expectancy was recorded in Bulgaria, Romania, Morocco and Algeria, which also had the lowest percentage of the population over 65 years old – 6%. Algeria also recorded the lowest average cost of living at £87.19 (about €98.5), the lowest cost of living index of 27.6, and the lowest average travel cost of £7.20 (about €8). .1 euro).

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