In recent years, an increasing number of pensioners across Europe and America are choosing to spend their retirement years outside their home countries.
According to data from the U.S. Social Security Administration, more than 700,000 Americans currently receive monthly benefits while living overseas.
Europe in particular has become a popular destination for these retirees, and several factors explain why.
For some, retiring to Europe offers a chance to reconnect with the culture of their ancestors, and others may be attracted by the prospect of spending more time on a continent they enjoyed on holiday.
While it varies by country and city, European destinations offer a low cost of living, pleasant climate and high quality of life, all of which are highly appealing for those looking to make the most of their retirement.
Retiring to Europe can be attractive, but it's important to consider a variety of factors before moving. Different countries have different rules and agreements that may affect your financial situation, so we strongly recommend seeking professional advice regarding the tax implications.
Additionally, researching healthcare options, visa and residency requirements, rental prices, infrastructure, language barriers, and more are essential to ensure a smooth transition.
Recently, popular travel portal Travel+Leisure released a list of the 9 best places to retire in Europe.
One city in Croatia made it onto the list.
Split, Croatia: A top destination for retirement
One particularly attractive destination for retirees is Split, Croatia. As Travel + Leisure magazine points out, Croatia is becoming increasingly popular not only as a tourist destination but also as an ideal retirement location.
The country boasts approximately 5,800 kilometres of coastline, and its warm, dry summers and mild winters make it an appealing climate for those seeking year-round comfort.
Croatia's second largest city, Split, offers easy access to some of the country's most beautiful beaches.
The city is steeped in history; the Roman Emperor Diocletian built a palace here and its ruins are now a UNESCO World Heritage Site.
Split
A vibrant local scene with plenty of restaurants, bars, cultural and entertainment venues, combined with a significant number of English-speaking residents, makes adjusting to life in Split relatively easy for foreign retirees.
U.S. citizens who plan to stay in Croatia for more than 90 days must apply for a temporary residence permit.
After five years of residence, you can obtain permanent residency. Additionally, Americans are allowed to purchase property in Croatia, making it easier to settle there.
Split
According to a report by tportal, healthcare in Croatia is considered adequate, with English-speaking doctors available, meaning medical needs can be met without a major language barrier.
Other locations on the list include the Algarve in Portugal, Bordeaux in France, Budapest in Hungary, Ljubljana in Slovenia, Alicante in Spain, Valletta in Malta, Kinsale in Ireland and Prague in the Czech Republic.
