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by Rebecca Ann Hughes Contributor
Rebecca Ann Hughes covers travel, culture and food in Europe.
Bulgaria’s buzzing capital is the best city in Europe to retire per new study GETTY
Moving to Europe for retirement can be the dream of a lifetime for some. But whether you’re seeking a serene coastal town or the cultural buzz of a historic city, choosing the ideal location can be difficult. This is where a new survey by business solutions company Moneypenny might come in handy. It has ranked the best locations in Europe to retire based on a number of factors that include the average cost of living, retirement savings needed, and a variety of amenities.
Moneypenny compared the 50 most populated European Union cities to come up with the ranking. Factors taken into account include retirement age, average rent cost, amount of free space, healthcare access, number of fitness clubs, number of cafes and number of gold courses.
Sofia, Bulgaria, ranks in first place as the best city to retire in Europe. The average retirement age in Sofia is lower than the other cities included in the ranking, with men typically retiring at 64, and women at 62. The city is a particularly great option for retirees looking to make their savings stretch further, with the minimum retirement savings needed to live comfortably being €148,590 ($163,035) with other cities in the ranking requiring double the amount if not more.
Full article HERE
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