5. Greece

The Mediterranean nation of Greece is packed with culture, history, and, obviously, sunshine. Whether you prefer the hum of urban life or the peace of the country, Greece has you covered, providing both bustling cities like Thessaloniki and Athens and charming stretches of countryside.

No matter what part of Greece you like the most, the cost of living here is quite low, which is great because you’ll be able to get the most out of your retirement income. While Greece tends to be more expensive than Portugal, it’s still a more affordable option than much of Europe.

The easiest way to move to Greece is via the Golden Visa program. You’re required to invest at least 250,000 euros in Greek property, which is much less than what you’re required to spend if you choose to move to another European country through the same program.

Greece is also planning to come up with a special program to attract foreign retirees by providing them with a flat tax rate of 7% for 10 years. What’s interesting about this program is that it wouldn’t require applicants to invest in Greek property, though they may still need to rent or purchase a home in Greece.