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Europe, ranked on cost

The Cheapest Places to Retire in Europe

The 14 countries we track in Europe, ranked by what a couple spends per month to live comfortably. Bulgaria is the cheapest at £1,200; Switzerland the most expensive at £5,100.

#CountryModestComfortablePremium
1Bulgaria£780£1,200£1,900
2Albania£750£1,200£1,900
3Turkey£1,150£1,800£2,900
4Montenegro£1,300£1,800£2,750
5Croatia£1,550£2,150£3,100
6Malta£1,600£2,200£3,300
7Greece£1,600£2,300£3,700
8Portugal£1,700£2,400£3,800
9Spain£1,800£2,500£4,000
10Cyprus£1,800£2,500£3,800
11France£1,700£2,500£3,800
12Italy£1,900£2,700£4,300
13Ireland£2,400£3,100£4,500
14Switzerland£3,900£5,100£7,000

Bulgaria

One of Europe's most affordable retirement destinations, with a mild Black Sea coast, mountains for hiking and skiing, and famously low costs. It adopted the euro in January 2026 and sits within the Schengen area.

Ownership: Foreigners can freely buy apartments and buildings in their own name, but under the constitution non-nationals cannot directly own the underlying land — a house with a garden is usually held via a Bulgarian company, or the building is bought separately from its plot. (EU citizens face fewer limits.)

Visa: Retirees typically apply for a long-stay (type D) visa and a renewable residence permit, showing a stable pension, adequate savings and Bulgarian health cover; buying property alone does not confer residency.

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