Malta Ranked Best Places to Retire in Europe

Malta Ranked Best Places to Retire in Europe

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Half of the Top 25 Best Places to Retire Are in Latin America

Despite all the mainstream’s media scaremongering, Latin America managed to place 13 countries in the top 25 best countries to retire.

Following Ecuador’s first-place finish, Panama, Mexico, Costa Rica and Colombia ranked second, third, fifth and eighth, respectively, while Uruguay, Belize, Nicaragua, Brazil, Honduras, Chile, Dominican Republic and Guatemala also joined the top 25.

Panama came in second thanks to its unique Pensionado Visa, a residency permit for retirees who make more than $1,000 per month in pension.

This particular visa grants holders a range of discounts “including 20% off medical services, 50% off entertainment, 25% off restaurant meals, 25% off air fare, and 25% off electricity and phone bills,” says Jessica Ramesch, IL’s Panama Editor.

Colombia, South America’s numero dos, is praised for its affordable yet world-class healthcare system.

Michael Evans, IL’s Colombia Correspondent, said, “In a 2014 survey, 18 Colombian medical institutions ranked among the top 45 in Latin America. According to the World Health Organization, Colombia actually has better health care than the United States or Canada.”

Ayuthaya, Thailand

Ayuthaya, Thailand

Malaysia and Thailand: Where to Retire in Asia!

Malaysia and Thailand represent Asia in the top ten, coming in fourth and tenth as best countries to retire.

Malaysia boasts of great cultural diversity and an exceedingly cheap cost of living with rent for a large apartment with swimming pool running at about $850 per month. Its location is also ideal to explore the rest of Southeast Asia and English is widely spoken.

Besides its delectable cuisine and natural beauty, Thailand also appeals to retirees with its low-cost healthcare system. According to IL, teeth can be cared for with $30 and a basic health insurance runs for $300.

Spain, Malta, & Portugal Ranked Best Places to Retire in Europe

In Europe, the Mediterranean dominates, placing Spain (6th), Malta (7th), and Portugal (9th) in the top 10 best countries to retire in.

These countries share many commonalities that make them preferred retirements havens. Even though they are more expensive than the Latin American or Asian countries, plenty of sunshine, culture, and outdoor activities, a wealth of cuisine and reasonably priced (for Europe) real estate make them an attractive option for many retirees.

Who Tops International Living’s List?

(Grades are out of 100)

#1 Ecuador – 92.7

Galapagos Islands Buying & Renting 100
Benefits & Discounts 96
Cost of Living 92
Fitting In 95
Entertainment & Amenities 98
Healthcare 82
Infrastructure 78
Climate 100
Galapagos Islands, Ecuador

#2 Panama – 90.6

Panama Canal Buying & Renting 80
Benefits & Discounts 100
Cost of Living 91
Fitting In 97
Entertainment & Amenities 100
Healthcare 89
Infrastructure 84
Climate 85
Panama Canal

#3 Mexico – 87.6

El Castillo (The Kukulkan Temple) of Chichen Itza, mayan pyramid in Yucatan, Mexico Buying & Renting 80
Benefits & Discounts 80
Cost of Living 90
Fitting In 95
Entertainment & Amenities 97
Healthcare 84
Infrastructure 85
Climate 89
Chichen Itza, Mexico

#4 Malaysia – 86.8

Cameron Highlands, Malaysia Buying & Renting 81
Benefits & Discounts 66
Cost of Living 90
Fitting In 97
Entertainment & Amenities 96
Healthcare 94
Infrastructure 95
Climate 76
Cameron Highlands, Malaysia

#5 Costa Rica – 86.6

Arenal Volcano, Costa Rica Buying & Renting 84
Benefits & Discounts 76
Cost of Living 90
Fitting In 97
Entertainment & Amenities 97
Healthcare 89
Infrastructure 82
Climate 78
Arenal Volcano, Costa Rica

#6 Spain – 86.1

Leon bridge in the Spanish Square (Plaza de Espana), Sevilla, Spain Buying & Renting 84
Benefits & Discounts 70
Cost of Living 89
Fitting In 84
Entertainment & Amenities 93
Healthcare 87
Infrastructure 100
Climate 83
Sevilla, Spain

#7 Malta – 86.1

Buying & Renting 78
Benefits & Discounts 84
Cost of Living 87
Fitting In 100
Entertainment & Amenities 78
Healthcare 86
Infrastructure 93
Climate 82
St John’s Co-Cathedral in Valletta in Malta

#8 Colombia – 85.4

San Agustin, Colombia Buying & Renting 84
Benefits & Discounts 68
Cost of Living 90
Fitting In 82
Entertainment & Amenities 91
Healthcare 88
Infrastructure 85
Climate 95
San Agustin, Colombia

#9 Portugal – 84.8

Lisbon cityscape, Portugal Buying & Renting 79
Benefits & Discounts 74
Cost of Living 90
Fitting In 86
Entertainment & Amenities 88
Healthcare 81
Infrastructure 98
Climate 82
Lisbon, Portugal

#10 Thailand – 84.6

Phanom Rung, Thailand Buying & Renting 76
Benefits & Discounts 68
Cost of Living 92
Fitting In 94
Entertainment & Amenities 100
Healthcare 89
Infrastructure 79
Climate 79
Phanom Rung, Thailand

Who Rounds Out the Top 25?

International Living Magazine's 2015 The World's Best Places to Retire.

Source: International Living Magazine’s 2015 Global Retirement Index – The World’s Best Places to Retire.

Best Countries to Retire: BBC Capital & The Telegraph

UK newspaper, The Telegraph, also released its own ranking, which surprisingly does not match International Living’s annual index.

In the UK publication’s list, Malta, Portugal and Spain took gold, silver and bronze as best places to retire. These Mediterranean locations were followed by Barbados, the USA, Australia, Thailand, Jamaica, Morocco and Greece, all countries (except for Thailand) that failed to make IL’s top 25.

On the other hand, BBC Capital listed their top destinations, all of which appear in IL’s annual index. Their unranked suggestions of best countries to retire in include Panama, Thailand, Malta, Belize, France Portugal and Malaysia.

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