The Algarve was once again highlighted in the American press as one of the best places in the world to retire. The portal US News & World Report, which specializes in publishing rankings, lists and investment suggestions, suggests the Algarve region as one of the best places in 2016 for Americans to spend their retirement “overseas”.
In an article by Kathleen Peddicord, who is the founder of the Live and Invest Overseas group who, in the last two years, considered the Algarve region as the best in the world to pass the reform, it is stated that «the Algarve has a low cost of living, a cheap real estate market and a good climate».
The issue of language is also not a problem, according to the publication, which states that "it is possible to live speaking only English, thanks to the strong historical and cultural links with England".
In addition, “the region has the beautiful Algarve coast, medieval towns, fishing villages, as well as open air markets and regional wine. It also has cobbled streets and whitewashed houses with chimneys with latticework».
The issue of good weather is reinforced by Kathleen Peddicord: “the climate is very good, with 3300 hours of sunshine a year. There are more sunny days than anywhere else in Europe, allowing you to enjoy well-preserved beaches. The Algarve has 100 miles of coastline with lacy rock formations and award-winning beaches. Additionally, it is a top golf destination, with 42 courses in less than 100 miles».
About the cost of living, "one of the lowest in Western Europe", the publication says that "a retired couple can live comfortably on 1500 dollars (about 1400 euros) per month. With a budget of 2000 dollars (about 1800 euros) a month or more, you can enjoy a more luxurious European lifestyle».
In addition to all these factors, Americans who make the decision to live in the Algarve will not feel alone: “a move to the Algarve will be facilitated by the expatriate community already installed. […] The Algarve is home to more than 100 thousand resident foreign retired people», concludes the article.
Comments