Best Places to Retire to in 2023

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Portugal, Mexico and Panama have been rated as the best places to retire in 2023 by International Living’s 31st Global Retirement Index, but what makes them so appealing?

More and more people are looking to retire to a place in the sun. The prospect of sun, sea and a more pleasant standard of living is seeing new retirees upping sticks and packing their bags. But what makes a great retirement destination?

International Living’s 31st Global Retirement Index is here to give a few pointers. The index includes plenty of familiar favourites, as well as a few surprising inclusions. Here are a few highlights.

Portugal

Top of the list of the best places to retire in 2023 is Portugal—outdoing its somewhat more famous cousin to the north. Recent years have seen people of all ages flocking here including the likes of Chris Evans, Scarlett Johansson and Madonna.

It has something for everyone. If you like city living, you can choose Lisbon—the vibrant metropolitan heart of Portugal.

Alternatively, you could head north to the historic town of Porto, famous for the production of Port.

Those wanting a bit of sunshine and sea have miles of gorgeous Atlantic coastline at their fingertips, including the Silver Coast— one of the fastest up-and-coming holiday destinations in Europe. Add to that great infrastructure, good roads, and healthcare and you can see why it’s International Living’s top pick for 2023.

Mexico

Only slightly behind Portugal is Mexico. This has long been a popular destination for the US but, with a growing number of global connections, its appeal is widening. It boasts good infrastructure and a wide variety of landscapes and climates—from beach resorts and cool weather cities in the mountains to deserts and forests packed with ancient Mayan ruins.

Meanwhile, the Yucatan Peninsula, and Tulum in particular, are forging a reputation as one of the most sought-after holiday destinations in the world.

What was once a little-known paradise is now full of luxury resorts. However, it still retains a laid-back, cool, lifestyle that makes it ideal for those looking to enjoy their golden years.

Panama

Third in the list of the best places to retire in 2023 is a country that until recently would have been known mostly for a canal and its hats. Now it’s finally being recognised for what it is—one of the best places to retire in the world. It ranks highly for safety, great infrastructure, and offers good value for money. Property costs much less than other major hotspots which means your dollar, euro or pound will go a lot further here.

Beaches look out onto the cobalt blue waters of the Pacific, while mountains and forests provide beautiful scenery inland, but the star of the show for many people is the capital: Panama City. This thriving metropolitan city has everything, including great food, drink, culture and vibrant nightlife.

Better still, its pensionado program offers great perks and benefits for anyone looking to retire. All you have to do is prove a monthly income or pension of $1,000 plus $250 for each of your dependants and you qualify for a visa that will allow you retire in Panama for as long as you like.


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best places to retire 2023