When you’re nearing the end of your professional career, choosing the best places to retire in Europe becomes a top priority. Europe offers a wide range of options, from historic cities to stunning beaches and excellent healthcare systems. The continent continues to dominate global retirement rankings, providing safe environments, diverse cultures, and attractive residency programs.
This guide reveals the 10 best places to retire in Europe for 2025, based on the Global Retirement Index from the Global Intelligence Unit at Global Citizen Solutions. This index evaluates critical factors like cost of living, healthcare quality, safety, climate, visa options, and quality of life, making it easier for retirees to find destinations that match their budget and lifestyle.
According to the 2025 report, Europe remains the leading region for retirees thanks to its stability and infrastructure. Portugal ranks first, followed closely by Spain and Austria, due to their affordability, excellent healthcare systems, and strong quality-of-life scores.
Choosing the Best Places to Retire in Europe
When planning to retire abroad in Europe, consider factors like culture, housing prices, healthcare quality, and retirement visas. Many European countries offer retirement visas with extended stays and lower living costs, helping savings stretch further. Metrics like the Global Citizen Solutions’ Global Intelligence Unit’s 2025 Retirement Report and the Quality of Life Index can help you choose the best places to retire.
According to the research done by the GCS’ Global Intelligence Unit, the world’s population is aging quickly and has put pressure on retirement systems. Over 770 million people, which is 10% of the world’s population, are now 65 or older. By 2050, this could reach 16% (about 2.1 billion people).
In the U.S., more than 17% of people are already 65 or older—up almost 40% in the past 30 years. This rapid aging makes retirement security a major challenge for the coming decades. Therefore, with the demand for retirement security, these indices evaluate factors like healthcare costs, safety, cost of living, and environmental quality, helping retirees find locations that align with their lifestyle, budget, and health needs.
The 10 Best Places to Retire in Europe
1. Portugal
- Global Retirement Index ranking: 1
- Quality of Life Index ranking: 6
- English Proficiency Index ranking: 6
Portugal is loved for its sandy beaches, unique culture, and liberal approach to life, making it one of the best countries and a perfect place for your retirement years.
There are two ways non-EU citizens can retire in Portugal: the D7 Visa and the Golden Visa. Both options provide individuals with residency rights in Portugal and can eventually lead to Portuguese citizenship. The Portugal Golden Visa offers residency with a €250,000+ investment, requiring just seven days of residency in the first year. It’s ideal for retirees wanting flexibility. On the other hand, the Portugal D7 Visa suits those with passive income like pensions or rentals.
Portugal is one of Europe’s most affordable countries, with monthly living costs from €1,000 to €1,500. Private health insurance costs €40 to €100. Popular retirement spots are Lisbon, Porto, Cascais, and the Algarve, which offer great amenities, English-speaking communities, and vibrant culture.
Category | Details |
Residency options | Portugal Golden Visa and Portugal D7 Visa |
Taxes | Pension income for non-habitual residents is taxed at a flat rate of 10%, but the taxation can vary for other types of retirement income. |
Real Estate Restrictions | Expats can purchase property in Portugal without restrictions |
Learn how the Portugal Golden Visa can open doors to Europe.
2. Spain
- Global Retirement Index ranking: 2
- Quality of Life Index ranking: 5
- English Proficiency Index ranking: 36
Spain has it all: beautiful scenery, stunning architecture, delicious cuisine, a lower cost of living, an incredible healthcare system, and more than one UNESCO World Heritage Site have earned its top one position as one of the best places to retire in the world and Europe.
According to our retirement report conducted by our Global Intelligence Unit, Spain is loved because it rarely faces any extreme weather. “This consistency in mild weather throughout the year makes both island groups particularly attractive for people considering relocation, providing a comfortable and stable environment conducive to a high quality of life.”
Non-EU citizens can retire in Spain with the Spain Non-Lucrative Visa. This option suits retirees with €2,400 monthly passive income for full-time residence. Living costs range from €1,200 to €1,500 per month, with private healthcare premiums between €50 and €200. Popular retirement spots like Valencia, Málaga, Alicante, and the Costa del Sol offer mild climates and English-speaking communities.
Category | Details |
Residency options | Spain Golden Visa and Spain Non Lucrative visa |
Taxes | Retirement income is taxed progressively, ranging from 19% to 47%, depending on the income amount. However, certain exemptions may apply for specific types of income. |
Real Estate Restrictions | Expats can purchase property in Spain without restrictions |
3. Austria
Global Retirement Index ranking: 3
Quality of Life Index ranking: 2
English Proficiency Index ranking: 8
Austria offers retirees an exceptional quality of life, combining cultural sophistication with breathtaking alpine scenery.
Cities like Vienna and Salzburg are known for their historic architecture, world-class museums, and vibrant arts scenes, while Innsbruck and other alpine towns provide easy access to outdoor activities.
Austria consistently ranks among the safest countries in Europe, and its healthcare system is considered one of the best in the world, offering efficient public services and excellent private options.
Monthly living costs range from €2,000 to €3,000, depending on location, and health insurance is mandatory, with private plans starting at around €200 per month. Non-EU retirees can apply for a Long-Term Residence Permit by proving sufficient financial means and health coverage, making Austria an ideal choice for those seeking security and cultural richness in the heart of Europe.
Category | Details |
Residency options | Long-Term Residence Permit for financially independent persons. |
Taxes | Progressive from 0% to 55%, with deductions available. |
Real Estate Restrictions | Non-EU citizens face some restrictions in specific provinces, especially for secondary homes. |
4. Italy
- Global Retirement Index ranking: 4
- Quality of Life Index ranking: 27
- English Proficiency Index ranking: 46
Italy is considered one of the best European countries to retire in. It is celebrated for its rich history, stunning landscapes, outstanding culinary traditions, and slow-paced lifestyle. Retirees interested in becoming legal residents can apply for the Italy Golden Visa, which requires a €250,000 investment in an innovative Italian startup.
The are many reasons Italy is considered the best place to retire in Europe. According to a study conducted by GCS’ Global Intelligence Unit (GIU), expats in Italy appreciate the country’s “welcoming environment, particularly in regions with higher international exposure and cosmopolitan attitudes.” English-speaking expats often settle in cities like Rome, Florence, and Milan, where active expat communities and many services are available in English. Living costs vary by region, but €1,500 to €2,300 per month is enough for comfort. Private health insurance costs around €1,200 per year.
Category | Details |
Residency options | Italy Golden Visa |
Taxes | Retirement income is taxed at a flat rate of 7% on foreign pensions. |
Real Estate Restrictions | Expats can purchase property in Italy without restrictions |
Secure your future in beautiful Italy with the Italy Golden Visa.
5. Slovenia
- Global Retirement Index ranking: 5
- Quality of Life Index ranking: 20
- English Proficiency Index ranking: 9
Slovenia is an underrated gem for retirees looking for an affordable yet scenic lifestyle. Its strategic location in Central Europe, bordering Italy, Austria, and Croatia, makes it perfect for those who enjoy traveling.
The country is famous for its natural beauty, including Lake Bled and the Julian Alps, as well as its charming capital, Ljubljana, which offers a mix of historic streets and modern amenities.
Living costs are moderate, averaging €1,200 to €1,800 per month, and private healthcare plans are relatively affordable at €50 to €150 per month. Slovenia’s public healthcare system is reliable, and English is widely spoken, especially in urban areas.
Retirees can apply for a long-stay visa and residence permit by proving financial stability and health coverage, making Slovenia a safe and welcoming choice for those who want a slower pace of life surrounded by nature.
Category | Details |
Residency options | Long-Stay Visa and Residence Permit. |
Taxes | Progressive rates from 16% to 50% depending on income. |
Real Estate Restrictions | Foreign buyers can purchase property based on reciprocity agreements. |
6. Malta
- Global Retirement Index ranking: 6
- Quality of Life Index ranking: 34
- English Proficiency Index ranking: –
Arguably, Malta is the best country in Europe to retire in and one of the best countries for Americans to retire. It has an incredible healthcare system, attractive property prices, fantastic tax exemptions and incentives, political stability, and a wide range of entertainment options. It also has the best year-round weather and a large English-speaking population, among other things.
Malta’s cost of living is moderate, with monthly expenses ranging from €1,800 to €2,400, while private health insurance premiums range from €1,200 to €2,000 annually.
For retirees, Malta offers the Malta Retirement Programme, which provides tax residency with a flat 15% tax on foreign pension income (minimum annual tax of €7,500) for individuals aged 55 and older, provided they remit at least 75% of their pension to Malta and meet property ownership or rental requirements.
Another option is the Malta Permanent Residence Programme (MPRP), which grants permanent residency through a combination of a government contribution, qualifying property purchase or rental (starting from €375,000 for purchase or €14,000 annually for rental), and a charitable donation. The MPRP provides long-term residency rights and Schengen travel benefits, with no strict minimum stay requirements, making it ideal for those who want flexibility while maintaining a European base.
Category | Details |
Residency options | Malta Retirement Programme and Malta Residency by Investment. |
Taxes | 5% tax on foreign pension income for qualifying retirees under the Malta Retirement Programme. |
Real Estate Restrictions | Expats can purchase property in Malta without restrictions, but there is a minimum property value requirement. |
7. Latvia
- Global Retirement Index ranking: 7
- Quality of Life Index ranking: 35
- English Proficiency Index ranking: 27
Latvia is a practical option for retirees seeking affordability, safety, and access to the Schengen Area. The capital city, Riga, is known for its Art Nouveau architecture, vibrant cultural life, and growing expat community, while Jurmala offers coastal living on the Baltic Sea.
The cost of living is among the lowest in the EU, with monthly expenses averaging €1,000 to €1,500. Private healthcare is affordable, ranging from €40 to €100 per month, and the public healthcare system ensures basic coverage for residents.
Non-EU retirees can apply for a retirement residence permit or choose the Latvia Golden Visa route, which requires property or business investment. With its low living costs, cultural charm, and easy travel access, Latvia is a great choice for those looking for a peaceful, budget-friendly retirement destination in Northern Europe.
Category | Details |
Residency options | Retirement Residence Permit and Latvia Golden Visa. |
Taxes | 10% flat tax on foreign pensions under favorable conditions. |
Real Estate Restrictions | Few restrictions for EU citizens; non-EU buyers have additional requirements. |
8. Greece
- Global Retirement Index ranking: 8
- Quality of Life Index ranking: 36
- English Proficiency Index ranking: 8
Greece is known for its rich culture, beautiful Mediterranean views, and easy access to the EU and Schengen Area. Retirees are attracted to its warm climate, affordable living, and English-speaking communities in cities like Athens and Thessaloniki. Monthly expenses range from €1,500 to €2,100, with healthcare costing €1,000 to €3,000 annually.
Individuals can plan for their retirement in Greece in two ways: by applying for the Greek Golden Visa or the Greek retirement visa, otherwise known as the Financially Independent Person (FIP) visa. For the retirement visa, retirees must provide proof of a steady income. At the same time, the Golden Visa requires a real estate investment of €250,000, grants residency, and comes with the flexibility of not being tied down to one place and freedom of movement.
Category | Details |
Residency options | Greece Golden Visa, Greece Retirement Visa |
Taxes | Retirement income is taxed progressively, ranging from 22% to 45%, depending on the income level. There are some exemptions for foreign pension income. |
Real Estate Restrictions | Expats can purchase property in Greece without restrictions. |
9. Albania
- Global Retirement Index ranking: 9
- Quality of Life Index ranking: 65
- English Proficiency Index ranking: 40
Albania is emerging as one of Europe’s most affordable retirement destinations, offering a combination of stunning Adriatic and Ionian coastlines, charming mountain villages, and a mild Mediterranean climate.
Its proximity to Italy and Greece makes it attractive for retirees seeking an affordable lifestyle with easy access to Mediterranean culture. Monthly living costs are exceptionally low, starting from €800 to €1,200, even in popular coastal towns like Sarandë and Vlora.
Private healthcare plans are very affordable at €30 to €60 per month, though public healthcare is less advanced compared to EU standards. Retirees can apply for a retirement visa with proof of income and health insurance, and foreigners face no major restrictions on property ownership. For those who want a relaxed lifestyle in a picturesque and budget-friendly setting, Albania is one of the best-kept secrets in Europe.
Category | Details |
Residency options | Retirement Visa for foreign nationals. |
Taxes | Foreign pensions may be exempt from local tax. |
Real Estate Restrictions | No restrictions for foreigners purchasing property. |
10. France
- Global Retirement Index ranking: 10
- Quality of Life Index ranking: 19
- English Proficiency Index ranking: 43
France will grab your attention with its art, history, and food. It offers a mix of landscapes – from Paris’ charming streets to Bordeaux’s vineyards, the snowy Alps, and the Mediterranean coast.
Known for its love of fine dining, fashion, and culture, France’s landmarks like the Eiffel Tower and the Louvre highlight its rich heritage.
You can enjoy the beautiful country with a monthly budget of €1,800 and €2,500.
France’s healthcare system is recognized as one of the best in the world. It provides comprehensive coverage through a combination of public and private contributions. It ensures access to high-quality medical services for all residents, with costs largely subsidized by the government. Those who want private health insurance pay about €1,200 to €2,000 a year.
To live in France, retirees can apply for the Long-Stay Visa for Retirement (Visa de Long Séjour pour Retraite), which requires proof of sufficient financial resources and health insurance. The temporary residence permit is only valid for a year but can be renewed.
Category | Details |
Residency options | Long-Stay Visa for Retirement |
Taxes | |
Real Estate Restrictions | Expats can buy property in France without restrictions, but additional taxes and fees apply. |
How Can Global Citizen Solutions Help You?
Global Citizen Solutions is a boutique migration consultancy firm with years of experience delivering bespoke residence and citizenship by investment solutions for international families. With offices worldwide and an experienced, hands-on team, we have helped hundreds of clients worldwide acquire citizenship, residence visas, or homes while diversifying their portfolios with robust investments.
We guide you from start to finish, taking you beyond your citizenship or residency by investment application.
Frequently Asked Questions about the Best European Places to Retire
Which European countries are best for retirement?
Portugal, Spain, and Malta are favored by retired expats due to warm climates, affordable living costs, and welcoming expat communities.
Where is the cheapest place to retire in Europe?
Some of the cheapest places to retire in Europe include Malta, Spain, Portugal, Turkey and Greece.
What is the cheapest and safest country to retire?
Portugal is one of the cheapest and safest countries to retire. It is actually ranked as the 6th safest country in the world according to World Population Review and the Global Peace Index. Other countries include Malta, and Spain.
How to retire in Europe as an American?
Americans planning on retiring in Europe can either do so by applying for a retirement visa, or by applying to the respective country’s Golden Visa program. The latter is more suitable if you’re considering placing a real estate investment in Europe.
Which European country is easiest to retire in?
Greece and Malta are some of the best and easiest places to retire in Europe, as they have large English-speaking communities. Other European destinations that are also suitable for retirement are Portugal, Spain, and Turkey.
What are the best places to retire in Europe?
The 10 best places to retire in Europe are:
- Tavira, Portugal
- Annecy, France
- Ljubljana, Slovenia
- Cascais, Portugal
- Paphos, Cyprus
- Kotor Bay, Montenegro
- County Clare, Ireland
- Paris, France
