A new study has revealed the top five European destinations to retire and the savings you need to live comfortably there. Picking the best location around where to "enjoy your later years" can be difficult when considering all the factors that can influence a decision. Industry experts Moneypenny has drafted a new list of the top locations for Britons to retire based on average rent, number of green spaces, and the local cost of living index.
The study highlighted a variety of top hubs where British retirees can fully embrace their new lives away from the workspace. Sofia Bulgaria 's capital topped the list with a total score of 5.5 thanks to its cost-of-living index of 41.
2. Average rent comes up to £322.36 while utilities would set you back approximately £108.
26 a month – meaning Brits would only need £126,301 in minimum retirement savings to set up their new life. Sofia boasts incredible beauty and is one of the continent's most pedestrian-friendly cities. Noteworthy attractions include the Aleksander Nevski Cathedral , Sofia City Garden, the ancient Serdica complex, and Sveta Sofia Church.
Direct flights to Sofia are available from both London and Birmingham. Budapest Following suit is Hungary 's capital with an overall score of 5.1 and a cost-of-living index of 43.
8 The average rent is approximately £385.27 with utilities averaging £120.90.
The study estimates £175,420 would be needed to start in the city. Among the city's most sought-after attractions are sunset.