Greece named world’s best place to retire in 2026

Greece has been named the world’s best retirement destination for 2026, according to the latest Global Retirement Index released by International Living. The index ranks countries based on cost of living, healthcare access, climate and visa routes.

The report shows that Greece moved ahead of Panama and Portugal, which held strong positions in previous years. International Living states that Greece’s mix of living costs, healthcare options and residency pathways placed the country at the top of the list.

Read also: 10 cities around the world suitable for retirement

Greece now offers multiple routes for long-term stay, including the “Golden Visa”, the “Financially Independent Person” permit and a “Digital Nomad Visa”. Analysts note that recent visa changes in other parts of Europe helped increase interest in Greece, as retirees seek steady policies and clear entry rules.

Healthcare remains a key factor for older adults. Greece scored 89 out of 100 for its medical system. International Living reports that doctors in the country have recognised training, and that private healthcare services are widely used. One correspondent said private insurance for two adults came to about $288 per month.

Read also: 10 world’s most liveable cities in 2024

Living costs continue to draw attention. Rental homes near the coast can be found for $691 to $1,151 per month, depending on location and size. The report notes that a couple can live on less than $2,000 per month, covering housing, food, transport and basic needs. This, the index suggests, leaves room for travel, local food and cultural experiences.

Climate also played a role in the ranking. Winters in Greece are milder than in northern Europe, and many islands offer cooler conditions during the summer months.

Panama ranked second in the 2026 index, followed by Costa Rica in third place. Portugal moved from second to fourth. Other countries in the Top 10 include Italy, France, Spain, Mexico, Thailand and Malaysia.

Chisom Michael is a data analyst (audience engagement) and writer at BusinessDay, with diverse experience in the media industry. He holds a BSc in Industrial Physics from Imo State University and an MEng in Computer Science and Technology from Liaoning Univerisity of Technology China. He specialises in listicle writing, profiles and leveraging his skills in audience engagement analysis and data-driven insights to create compelling content that resonates with readers.

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