Forbes: Portugal is the best place to retire
A study developed by International Living, a magazine dedicated to Americans living overseas (according to the definition of Business Insider), places Portugal has the best country to retire in 2020. Forbes reproduced the article.
Annual Global Retirement Index
International Living has been publishing its study yearly. The research includes ten categories, including healthcare, climate cost of living, and so on.
According to Forbes, the team at International Living made a couple of changes to the study. The climate category does now benefit countries with milder climates, or where there is a possibility to have a “cooler highland option”. This has undoubtedly helped Portugal, and especially Algarve, where the weather while being warm to hot all year round, does not get to humid, as it’s not tropical.
Forbes quotes the executive editor of International Living, who says that “Portugal is the best-value destination in western Europe today (…) where the quality of life is high, healthcare is excellent and low-cost, the pace is slow and pleasant, and the populace is unendingly welcoming.”
Also in Business Insider
The Business Insider website also mentioned the International Living findings. In its article, Business Insider underlines the personal experience of Tricia Pimental, the correspondent in Portugal for International Living. She has provided the data used to elaborate Portugal’s position in the ranking. Pimental and her husband have been living in Portugal since 2012, which gives them a really solid knowledge about the country.
Portugal among Latin American countries
The second European country in the Annual Global Retirement Index 2020 is Spain, but it comes only in the 8th position. The study places several Latin American nations in the immediate places after Portugal, while Malaysia comes in 7th. France got 9th and Vietnam, the former enemy of the United States, is in 10th place.
Given the size of the American market, this could well be the beginning of a very positive trend for the Portuguese real estate sector, as the “Yankees” are coming to grips regarding Western Europe’s jewel.