The Algarve has been recognised as highly affordable to retire to with the added advantages of fabulous beaches and weather.
Kathleen Peddicord, publisher of the Live and Invest Overseas website, has chosen the Algarve as The best place in the world to retire to having recently-released 2014 Retire Overseas Index. The Algarve has number one spot of a seven-place list, and has further been acknowledged in an article by the American magazine Forbes.
It further advises that Portugal has recently made residency easier for expats and now allows those who qualify to receive pension and foreign income in Portugal tax-free for 10 years.
This recognition is on top of the international praise about the beaches such as Ponta da Piedade in Lagos and Praia da Marinha in Lagoa that have been featured by CNN and The Huffington Post.
The top-seven best places to retire list is as follows:
George Town, Malaysia
Chiang Mai, Thailand