Published On: Thu, Oct 31st, 2019

Pension: Best and worst countries for retirement in Europe revealed – where does UK rank? | Personal Finance | Finance


From the weather and scenery to the proximity of family, there’s countless reasons why a person may opt to live in a different country. For some, retiring may bring the opportunity to make the move elsewhere. In fact, the EU alone predicts to have a population of 520 million by 20170, and the expected cost is set to reach 26.7 percent of total GDP.

Spain has a Crime Index of 31.07, with the cost of living coming in at 54.74.

In this country, live expectancy is 83.3, while house prices were weighted at 9.48.

The percentage of the population over the age of 65 in Spain is 19.7 percent.

Coming in at the second best place for retirement in Europe was Finland, with a final score of 3.52.

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Here, the percentage of population aged over 65 is slightly higher, at 21.6 percent.

The Crime Index is lower here, at 22.75, while the cost of living is up compared to Spain, at 72.18.

House prices were measured at 7.88, while life expectancy is 81.4.

Where is UK on the scale of best and worst countries for retirement in Europe?

According to the report, the United Kingdom ranked at 17 in terms of the best country for retirement in Europe.

While Spain may have scooped the first place overall, there were a number of other countries noted for particular factors in this report.

Iceland, for instance, scooped the titles of best country for house prices, according to Blacktower Financial Management, with the lowest house prices on average across Europe.

Italy stood out for having the largest population over the age of 65, while Switzerland has the highest life expectancy rates across the entirety of Europe.

Here, the average person lives to over the age of 83.

Should the cost of living be a priority, the report said Georgia came in top, with the country boasting the lowest cost of living across the entirety of Europe.

Country – Final score

1. Spain – 3.58

2. Finland – 3.52

3. Italy – 3.48

4. Slovenia – 3.43

5. Netherlands – 3.37

6. Portugal – 3.35

7. Germany – 3.34

8. Greece – 3.33

9. Denmark – 3.32

10. Austria – 3.30

11. Malta – 3.27

12. Belgium – 3.25

13. Estonia – 3.24

14. Estonia – 3.22

15. Iceland – 3.16

16. Cyprus – 3.16

17. United Kingdom – 3.12

18. Switzerland 18 – 3.126

19. Czech Republic – 3.11

20. Poland – 3.08

21. Croatia – 3.08

22. Ireland – 3.03

23. Norway – 3.01

24. Bulgaria – 3.01

25. France – 2.99

26. Luxembourg – 2.97

27. Slovakia – 2.95

28. Romania – 2.94

29. Latvia – 2.89

30. Hungary – 2.85

31. Bosnia And Herzegovina – 2.80

32. Lithuania – 2.79

33. Montenegro – 2.68

34. Albania – 2.67

35. Georgia – 2.66

36. Macedonia – 2.60

37. Belarus – 2.60

38. Turkey – 2.57

39. Serbia – 2.47

40. Armenia – 2.45

41. Russia – 2.36

42. Ukraine – 2.29

43. Moldova – 2.10

44. Kazakhstan – 1.92

45. Azerbaijan – 1.73



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