La Dolce Vita Means “The Sweet Life...” and Life Gets no Sweeter Than in Sunny Italy
Italy has a staggering amount to offer travelers...and residents. Romantic cities. Timeless hill towns. Snowy mountains, idyllic islands, and a rivetingly beautiful coastline. Plus, outside the major cities, homes start at a mere $50,000—or less.
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- Population: 61,482,297
- Capital City: Rome
- Climate: Predominantly Mediterranean; Alpine in far north; hot, dry in south
- Time Zone: GMT+1
- Language: Italian
- Country Code: 39
- Location: Southern Europe, a peninsula extending into the central Mediterranean Sea
Europe offers rich culture, history, sophistication and—with today’s strong dollar—affordable living as well. The InternationalLiving.com report points to the five best-value countries for a European retirement today.
The glittering, cerulean Mediterranean. Not a bad view every morning as you enjoy coffee and croissants from your terrace. Life is good. Sunny days. Freshcaught seafood. Crashing waves your lullaby every night…or for those drowsy, afternoon, after-lunch siestas. And salt-scented breezes keeping things cool.
Rome…3,000 years of culture, good food, and an appreciation of the finer things in life packed into one city… Today’s Rome still bursts with excitement, romance, and a cosmopolitan atmosphere, making it a great choice for retirees who appreciate convenience along with good food, great wine, and history.
One of the things I love most about traveling is that it can be a metaphor for other parts of our life. Outside of familiar surroundings, we are apt to be more alert, more conscious. In such situations we frequently gain new skills—like learning how we respond to unexpected delays and distractions. It was a discovery I made after spending 10 days with my siblings in Lucca, Italy. I planned to take a train to Venice, spend a bonus afternoon in my favorite city, and fly home the next day.
Not surprisingly, Europe delivers strongly on healthcare; in each of our five picks, you’ll find healthcare professionals and facilities of a world-class standard. But perhaps more surprisingly, the care on offer in these countries won’t leave you counting pennies. Many of these nations benefit from universal coverage and strong public healthcare systems, and even their private healthcare can be accessed for a sliver of the cost in the U.S. Doctors’ visits, for instance, can run well under $100, and other services are similarly reasonable.
The Lord of the Rings’ soaring mountains… Roman Holiday’s famous monuments and historic sites… and the tropical locales of Pirates of the Caribbean…it’s doubtful these blockbuster films would have had such an impact without those dramatic backdrops to the action. Even as CGI and green screens become more widespread, there is something about a real, physical landscape that can’t be replicated by bits and bytes.
If you thought Italy was beyond your means, this part of the sun-drenched south will prove you wrong. Whether it’s a cone-shaped trullo house in the olive groves or a city apartment, there are properties for every budget: $120,000 delivers a lot of options.
Right now the U.S. dollar buys more in Europe than it has in over a decade. It means that this is a smart time to buy property in certain markets—including Ireland, Portugal, and Italy—according to the live-overseas experts at InternationalLiving.com. A €100,000 property that would have cost $139,000 last March costs just $106,310 right now, a discount rendered by the currency-exchange rate alone. “In good-value markets that made sense at ‘full’ price, this favorable exchange rate is effectively putting properties on sale, and the bargains can be unbelievable. The timing is right for Europe today,” says InternationalLiving.com’s real estate expert Ronan McMahon.
When I imagine the perfect beach, I picture sunny Italy. There are plenty of options to choose from. Besides the multitude of sandy Mediterranean coves and the glorious sweep of Adriatic beaches you’ll see in glossy brochures, there are numerous white and golden beaches along Italy’s Ionian coast.
Property markets in Europe are moving again—and right now you can find some great bargains in stunning settings. At time of writing, the U.S. dollar is strong which means you get more bang for your buck. In fact, your U.S. dollar buys you 24% more euros than it did this time last year. And, right now your dollar goes further in Europe than it has in over a decade. If you’re looking to buy real estate on the continent, now is the time to buy. A €100,000 property that would have cost you $139,000 last March costs $106,310 today, a discount rendered by the currency-exchange rate alone.
With its glorious sun-drenched beaches, abundant historical sites, quaint mountain villages and cosmopolitan cities, Italy has a huge variety of lifestyles to offer retirees. But many aspiring expats are unaware of how stunningly affordable this country can be; if you know where to look, you can rent here for under $450, while a filling meal (with wine) will set you back just $13. And it’s not just in Italy where you can find affordable European living. In this month’s cover story, we explore five low-cost countries in Europe where you can enjoy the retirement of your dreams. All of these destinations boast a great climate, terrific healthcare, a wealth of cultural treasures for you to explore and costs low enough to live a comfortable life for less. In some of these places, you can live for under $2,000 a month all told.
Imagine the smell of freshly-baked croissants wafting through the air, or the satisfying swallow of wine made from grapes grown just down the road. Perhaps you muse about living on a sun-drenched Mediterranean beach or tucked down a cobbled lane savoring the cosmopolitan delights of a history-rich city… A retirement in Europe is a dream for many folks. And it can easily be a reality. If it’s culture, history, and variety you’re after, Europe has it all, and at a cost much lower than you may think… Over the next few pages we explore the five best low-cost options for enjoying your perfect European retirement.
Here’s a novel idea: What if parents, guidance counselors, and college career advisors had focused less on what you wanted to be when you grew up and spent more time helping you decide how you wanted to feel when you grow up? I call it the Life First – Work Second approach to career planning. It’s why I begin every business idea generation session with the same simple question: What do you want your life to look like?
There’s a statue in Rome whose history is of feuding artists. The fountain—called The Fountain of Four Rivers—is located in the famous Piazza Navona. When it was commissioned by the pope in 1651, the story goes that the project was first given to an artist named Borromini and then stolen away by his arch nemesis, a man named Bernini.
There aren’t many places that can hold a candle to the romance of Italian life. Each time I go back to Italy, there’s somewhere new to fall in love with. But my most recent visit rekindled an old love—the region of Puglia, in the country’s deep south. I first came to Puglia in the early 1980s, before anybody outside of Italy, bar a lucky few, had even heard of it. With much lower costs than northern and central Italy, prices in Puglia will astound you. I found bars with coffee for 50 cents…pizzerias where you can sit down and tuck into a full-size pizza for $5. And if you thought that a fabulous fish dinner with wine for $20 was the stuff of imagination, think again.
It was a lovely fall day as we strolled through Radda in Chianti, a beautiful walled medieval town in Tuscany. Seeing an ATM across the road, I decided to top up my supply of euros. Now, millions of people every day who are living or traveling abroad use a debit card from their native country to withdraw cash. But my card is truly international.
Doug and Diane Jones’ retirement dream had been a small organic farm in the Oregon wilderness… So it came as a surprise when, nearing retirement, they realized that they were tired of working sun-up to sundown on the farm and a new and unexpected retirement dream—of living in sunny, rural, authentic southern Italy—had taken its place. “We worked most of our lives because we didn’t come from money and we had to work for it. We always spent our vacations visiting family—you know, the guilt-trip thing. We never took trips abroad. We were too poor in both vacation time and money.
What’s the first place you think of when Italy is mentioned? Chances are it’s not Apulia (Puglia, in Italian), the region that forms the heel of the Italian boot. But after visiting the region last year, I want to sing its praises from the rooftops of so many places. Ostuni…Gallipoli…Martina Franca. As for lovely Lecce, with its baroque buildings of creamy golden stone and gloriously flamboyant carvings, I didn’t want to leave. Singing from the rooftops of Apulia’s fairytale trulli homes would be physically difficult—these beehive-shaped rural houses are topped by peculiar conical domes—but you get what I mean.
For as long as they could remember, Doug and Diane Jones’ retirement dream had been a small organic farm in the Oregon wilderness… So it came as a surprise when, nearing retirement, they realized that they were tired of working sun-up to sundown on the farm and a new and unexpected retirement dream—of living in sunny, rural, authentic southern Italy—had taken its place. “We worked most of our lives because we didn’t come from money and we had to work for it. We always spent our vacations visiting family—you know, the guilt-trip thing. We never took trips abroad. We were too poor in both vacation time and money.”
I still remember the day that my plane first touched down in Italy nine years ago. I was a bundle of nerves and excitement, and everything—even the simple train ride into the city—was beautiful to me. And I had the fleeting thought that perhaps I should have studied Italian instead of Spanish for the last few years. But I quickly learned that Spanish was even more widely understood than English here—both because many of the Italians I met spoke Spanish very well and because many of the words in Spanish are similar to, or even the same, as the Italian word for the same thing.
Vietnam has plenty to offer expats, including some of the best beaches in Asia, an extremely warm and friendly population, low costs, wonderful weather, and cultural and natural splendor unsurpassed anywhere else in the region. From its colorful and energetic cities to its lush, tropical rainforests teeming with exotic plant and animal life, Vietnam has become a magnet for tourists and an exciting destination for adventurous expats. In this month’s cover story we guide you through some of the country’s most appealing destinations, reveal how incredibly affordable it is, and provide a quick guide to retiring here part-time…
When I think about my winter in Italy, I think of cobblestone alleyways sparkling with rain, mist-shrouded cathedrals in the “hill country,” days spent with tourist attractions almost all to myself, and a pleasant chill in the air—cool, but not too cold. I based myself, during my five winter weeks in Italy, in the mid-sized university town of Perugia, which is the capital of Umbria, Tuscany’s lesser known but just-as-lovely neighbor. It’s a place of rolling hills, world-famous wines, and postcard-perfect mountain towns. Because Umbria is nestled in between Tuscany (where you will, of course, find pretty, popular Florence, as well as a sunflower-dotted countryside that has inspired writers, artists, and tourists alike) and Lazio (the region that houses historic, grandiose Rome), it was the perfect place to do a little exploring.
As North Americans, we have a few myths about Italy. We think of Italian men as Casanovas: handsome, suave, and maybe a little dangerous. We think that every Italian woman is sexy, self-assured, and passionate. We imagine that all Italians are loud, passionate people with hot tempers and strong opinions… And we believe that all Italian food tastes amazing. So when we arrive for that first time in Italy and stumble into a random osteria in Rome or a little café in Florence, we expect the best of the best. We expect to be transported in ecstasy through a taste experience unlike any we’ve had before.
The original Riviera (from the Italian word for “seashore”) sprang up in southern France and the bordering region of Italy. Upper-crust Brits, northern Europeans, and—later—well-heeled Americans flocked here for the beach resorts, casinos, and parties. Author F. Scott Fitzgerald had a villa here in the Jazz Age, although it’s said he was a horrible party guest. The term riviera has been adopted by regions all over the world, in places where the sun, surf, and vacation vibe live on. And when we hit the new-school rivieras in the developing world, expect to get a real bang for your real estate buck.
A view, good-value real estate, low cost of living, friendly locals…they’re all important as you search for a new community to settle in abroad. But if you have a green thumb, you may have some special requirements for your dream home. You’ll need good soil and the right light. Maybe you want multiple growing seasons, which is possible in some tropical areas.
Italy is home to the Cittaslow movement which combines “Slow Food” with the art of leisurely good living. As delectable dining is one of the great joys of Italy, make time to discover at least one or two of the network’s 70 small towns. Most Cittaslow communities come with historic treasures, but the big attraction is their strong sense of identity and spirit of place. To be accredited, they must have less than 50,000 inhabitants. With an emphasis on regional recipes, traditional agricultural practices and seasonal local produce, it’s an authentic taste of Italy guaranteed to make your tastebuds zing. Here are four inland and coastal gems to whet your appetite.
Last month I visited the historic Gangi in Sicily, a 14th-century hamlet voted ‘Most Beautiful Village in Italy” this year. I was there to scout out undervalued real estate—and you can’t get more affordable than what Gangi offers. I’d heard that Gangi was pretty special—besides being home to an incredible real estate opportunity, it’s a hidden gem whose beauty and historic significance has been overlooked by all but the savviest vacationers.
I’ve made a lot of money from e-book publishing…which I think would come as a surprise to my college English professor who gave me an ‘F’ in her course. But you don’t have to be a writer to make money in this marketplace. I’ve published almost 50 books written by others. Some were books I took from the public domain, which means I didn’t pay for them, and some were written by ghostwriters I hired for little more than the cost of a great night out.
Before moving to Italy, Georgette Jupe had what many would consider a glamorous life: She was living in star-studded Los Angeles, working in public relations, and rubbing elbows with the B-list celebrities that her firm represented. She had a good, steady, lucrative job. And who doesn’t want to live in sunny, coveted southern California? To the untrained eye, Georgette had it all. But secretly, she was missing Italy— where she’d spent one beautiful year studying abroad in pretty Florence back in her college days.
Imagine sleeping to the gentle bob of the tide or of a river current, then waking up to cast off the moor lines and set out for adventure. Or, more often, to stay at anchor, enjoying the lull of the water while having a fixed address and access to onshore services. That’s the life that houseboat living offers.
Have you taken the public ferry that calls into the flower-bedecked lakeside villages around Lake Como? Spent a day shopping for the perfect turquoise leather purse in Milan? Bathed in the thermal pools of Saturnia? Wandered pilgrim paths through the chestnut woods of northern Tuscany? Eaten pumpkin tortellini in Bologna or cuttlefish risotto in Genoa? Lolled under a shady ombrellone on Lido di Metaponto’s golden beach? Enjoyed opera under the stars at Verona? Seen glow-worms lighting the fields at night as you walk back from San Gimignano of the medieval towers?
Last year I traveled to nine countries. I stayed in Costa Rica for six months and Mediterranean Malta for three months. This year, I am once again dividing my time between Costa Rica and the Mediterranean…as well as visiting seven other countries. Right now, I’m in London, taking a break from the tropics and the glorious island life. My days are filled with visiting attractions like Buckingham Palace, Big Ben, and the London Eye…while stopping off at quaint English pubs for lunch and perhaps a beer or two. By night, I’m enjoying the buzz around Piccadilly Circus.
My next trip is Las Vegas. No complaints—I’m one of those sinners who enjoys Sin City. The trip is for an International Living conference where I’ll speak on Italy and its sweet life. I’m not wearing my travel-writing hat for this conference, but I’ve visited Italy so many times—at least 20—I’ve gained a great insight into places unknown to the tourist hordes.
Like so many from the U.S., when I daydream about traveling through Europe, I always imagine myself on a train: speeding quietly through the countryside, over the mountain passes, past charming, ancient towns, or along the shores of a massive glacial lake. Other forms of transportation—with their two-hour pre-flight check-ins, their bumpy, uncomfortable buses, and their too-close-for-comfort seating arrangements—always feel like a hassle.
The aroma of freshly-brewed cappuccino is an essential ingredient of the Italian morning. While this morning delicacy can be enjoyed anywhere in Italy, a quiet café in a small Umbrian town provides an opportunity to truly savor la dolce vita—the sweet life. Tucked away in the southwest corner of Umbria and exuding the same Italian charm of nearby Tuscan towns, Orvieto is a wonderful alternative to its more famous and sometimes overly pretentious neighbors.
Every day in my travel research I come across the terms “hidden gem,” “off the beaten path,” “unspoiled, authentic, undiscovered…” The Dordogne region of France is the only place I have been to date where it is actually true. Castles sit like crown jewels along the river banks. My family and I often found ourselves beating our own path through the oak forests toward the river bank.
Optimism and purpose, a low stress level, a natural diet and an active lifestyle…experts say those factors are three times as important as your genetic makeup when it comes to enjoying a long and healthy life. Luckily, it’s easy to embrace those elements when you’re living in a place where they come naturally. And they do in our top picks for the world’s healthiest places to live.
Pundits are divided on whether Spain’s property market will see further price falls. A huge overhang of unsold homes remains, but for the first time in seven years, sales in Málaga province showed an increase in 2013. Spain will always be a popular retirement destination for northern Europeans, and the number of U.S. citizens registered as living in Spain has increased, too.
In the summertime, socialites, celebrities, and tourists like to drop anchor in Portofino, Italy, to enjoy the picturesque coast of the Italian Riviera. One summer night, several years ago, I dropped half a month’s salary to stay at a posh resort, overlooking the harbor there…but ultimately got reimbursed for it. At home, I had a job working for a museum that didn’t pay well.
If you dream of life among rolling hills dotted with stone farmhouses and patchwork views of cultivated fields, sunflowers, olives groves, and grapevines, Le Marche is the place. There are no large cities; the biggest is Ancona, the regional capital, with about 100,000 people. Towns here are on a human scale, often small enough to get around on foot, by bike, or scooter. Most are large enough to have shops, restaurants, cultural attractions, and services, yet remain small enough to be personal and engaging.