The idea of retiring overseas might seem appealing to you with its inexpensive living and the chance for a new adventure. Kathleen Peddicord, publisher of the Live and Invest Overseas site and the Overseas Retirement Letter estimates that 1.4 million American retirees are doing it.
But where in the world should you retire to?
The beachfront Algarve region of Portugal, according to Peddicord’s newly-released (and somewhat surprising) 2014 Retire Overseas Index.
“It’s the most affordable option in Europe for retirees,” says Kathleen Peddicord, publisher of the 2014 Retire Overseas Index and the Overseas Retirement Letter. Her researchers estimate you can live in the southernmost province of Portugal on $1,500 a month. Other pluses: old world culture, some of the best beaches in Europe and stable weather.
Faro: Fascinating history, fine cuisine make picturesque city a unique getaway
Elisa Mala from the Canadian “The Province” just published an article uncovering Faro, the Algarve’s capital.
The initial paragraph makes you want more about the city, don’t you think?
Nestled on the southern coast of Portugal, Faro is the heart of the country’s Algarve region, where cerulean waters and mouth-watering cuisine rival those of the French Riviera or Italy’s Amalfi coast.
Rick Steves just wrote a great article for the Seattle Times about his “favorite stretch of Iberian coastline”, the Algarve.
The Algarve was once known as Europe’s last undiscovered tourist frontier. But it’s well discovered now, and if you go to the places featured in most tour brochures, you’ll find it paved, packed and pretty stressful. Still, there are a few great beach towns left along the coast, perfect for soaking up rays from May through early October.
Rick made a point of revisiting his favorite hideaway, the little fishing town of Salema.