THE cheapest countries for Brits to retire in have been revealed – with some being half the cost of the UK.
As the cost-of-living crisis continues to wreak havoc, more people, including pensioners, are choosing to relocate to other parts of the UK.
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Searches for “best country to retire to from the UK”According to a report by The Economist, they have increased by more than 90% in the past 12 months. Euronews.
Penfold analysis has shown the top countries Brits should move to in order to improve their quality of living.
Financial experts looked at the top countries retired people have seen and compared them using 12 lifestyle factors such as exchange rates, healthcare costs, and how much money is required to apply for a Visa.
The Philippines, Thailand, and South Africa were the most affordable countries. Their prices were half that of the UK.
Croatia was the most affordable country in Europe.
The cost of renting and the daily expenses of living were found to be nearly half that of Brits who remain at home.
The financial requirements for visa applications were one of the lowest (around £2,839) and healthcare costs were also low.
The country’s flights were also relatively inexpensive and took on average just over two hours.
Spain was second, which is a popular choice for Brits who want to retire there.
It was known for its beautiful beaches, warm climate, and ease of access by train and plane for family and friends to visit.
It scored high for safety and happiness.
Ireland was third on the list thanks to its good healthcare system, many green spaces, and proximity to the UK. This compensates for the less than ideal climate.
It was also one of the happiest and safest countries to settle in with retirees only needing €7,000 (£6,060) in their bank account to apply for a visa.
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