No one will argue with the fact that today's retirees are becoming more advanced. Retired people are not by hearsay familiar with modern technology, had time to partake the liberal values and even see the world during tourist trips. These people are more free to choose their own destiny, unconstrained by the unnecessary conventions and are not prone to stereotypical thinking. It is no wonder that more and more people who are going to retire, look for a warm and pleasant place where you can meet old age quietly. Most often, this place is found abroad. ee24.com decided to look for options that modern pensioner can take advantage of.
Friendly Bulgaria
Ironically, the Russian pensioners are just beginning to discover Bulgaria. Despite long-standing and close ties between our countries. And yet, this is the most successful choice for retirees who wish to move to a country with a mild climate, friendly, culturally closest population, and the most favorable legislation. The legislation worth to be considered in more detail. According to the law Russian retirees are entitled to a residence permit and may stay in Bulgaria for a long time after the passage of a number of simple procedures for the transfer of pension savings from a Russian bank in a Bulgarian one.
Bulgaria itself is famous not only for a positive attitude to russians, understandable language and the Orthodox culture, but also for its famous health resorts, which can significantly improve the physical condition of the elderly. It is even nicer that the apartment of 22 sqm in the resort Pomorie region can be bought for €26,000. The apartment on the Black Sea coast with area of 36 sq.m. will cost about €28,000.
The Black Sea coast, Bulgaria
Fabulous Hellas
Cyprus and Greece in recent years have become a symbol of financial instability and public discontent. Fortunately, the the real situation in these countries is slightly different from the images being imposed on the media. As for Cyprus, despite all the hype around the bank deposits, tens of thousands of retirees from around the world who have long settled on this sunny island, not in a hurry to leave their homes. Moreover, a law is still valid under which an investor that buys property worth €300,000, is granted a residence permit. For example, a flat area of 78 sq.m. in Famagusta can be bought for €83,000.
Corfu, Greece
In Greece itself, property prices are falling for many years in a row, while turmoil and related inconveniences are unique to the capital. And on the coast of the Aegean Sea is still the same good old fairy Hellas with perfect weather, friendly people and no-crime. It attracts people who want to spend their life in warmth and comfort. Especially since the apartment of 30 sq.m. in the region of Macedonia and Thrace can be bought for €30,000.
Hospitable Pyrenees
Spain as a whole is not the cheapest country. However, each year it attracts more and more people of retirement age from different countries. Interest to the bank's customers is real estate in the resort regions of the country. For example, one-bedroom apartment of 30 sq.m. on the coast will cost you only €33,000.
In Portugal, a market recovery after a prolonged crisis is coming. More and more housing complexes designed for retired foreigners is built. An important role is also played by the law, which allows to obtain a residence permit for investors who have bought property for €500,000. Portugal is also preferable to Spain, due to less tourist attraction. Here you can still find a quiet, picturesque area without too much fuss and bother. For example, an apartment of 45 sq.m. near the ocean can be bought for €80,000.
Lisbon
In general we can say that retirement in the European country is no longer the stuff of science fiction. To date, with minimal savings or pension accumulations you have a real opportunity to buy your own home in a warmer climate and live in comfort and joy even to a hundred years. Especially because European retirees are doing this for many years. Why we can not do the same?
Of course, it is better to attend to the purchase of the house in just a few years before retirement. At least you can start choosing your personal residence right now. So that when the time comes to enter a new life you’ll do it with confidence and dignity, anticipating a long years, filled with sunlight and fresh air near the sea shore or in a shady grove.
Text: Ivan Ulitin, ee24.com