“Lima is not only appealing for its lower cost of living but also for its enriched quality of life,” Caballero said.
“So, for expats and retirees seeking both adventure and tranquility, Lima, Peru, stands out as a prime choice.”
Panama has become an increasingly popular retirement destination, especially in areas like Boquete and Coronado.
“This initiative provides retirees with numerous discounts,” he said, “spanning from medical expenses to leisure activities.”
Albertynas said Costa Rica's stunning scenery and wildlife are making it a popular retirement destination.
Costa Rica, which is known for its breathtaking landscapes and biodiversity, is also carving out a niche as a preferred retirement spot, Albertynas said.
For instance, Earle said the Czech Republic, Croatia, Slovenia and Romania are rapidly attracting American expats.
“They’ve got economic growth, a comparably low cost of living, and the cultural gap for U.S. citizens isn’t enormous,” he added.