For Brits considering retiring abroad, the options seem endless – but some destinations have been found to stand out as the best. New research has named one neighbouring country as the top pick for UK retirees, a result that some may not have typically expected.
After examining 20 popular locations across a variety of key factors such as cost of living, healthcare, property ownership, and safety, Ireland emerged as the clear frontrunner, scoring an impressive 87 out of 100. According to the report, published by international financial advisory and wealth management firm Hoxton Wealth, the country holds an undeniable appeal post-Brexit for its “unrivalled access, legal simplicity, and cultural familiarity.” As the report notes, Britons continue to enjoy special rights under the Common Travel Area (CTA) agreement, which allows them to “live, work, retire, and access public services in Ireland without restriction.”
This straightforward migration pathway gives Ireland “especially appealing to those who want to remain close to the UK while living abroad,” a notable advantage over other European countries.
The country also boasts a high quality of life, with the study highlighting its “fast-growing and modern” economy, led by sectors like tech, pharmaceuticals, and finance.
In addition to a thriving economy, Ireland is touted as having a “very safe, welcoming environment,” ensuring that retirees can enjoy a secure and friendly lifestyle.
Hot on Ireland’s heels, Portugal and Cyprus shared the second spot in the rankings, each scoring 85.
Portugal is popular for its mild winters and sunny summers, making it a year-round destination for those who want an outdoorsy, relaxed lifestyle. Expats often flock to areas like the Algarve, the Lisbon coast, and Madeira for their beauty and welcoming communities.
Similarly, Cyprus, with its warm climate and beach-centric lifestyle, is a strong contender, with popular expat hubs like Paphos, Limassol, and Larnaca.
