Eight European capitals where $2,500 a month makes you feel wealthy.
Which are the cheap places to retire in Europe?Four criteria are combined to come to a ranking:
- The national HDI (Human development index)
- The cost of livving.
- Weather (we reward mild winters and sunny summers)
- Taxes: taxation of foreign income, capital income and wealth taxation.
Results: The usual suspects: capitals from the less popular break-up republics of Yugoslavia and furthermore Tirana, Bucuresti, Sofia, Chisinau (Moldova) populate the list. But the cypriot Nicosia takes the top spot.
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