'It has it all': Country in Latin America crowned best for retirees due to affordability and 'spectacular scenery'

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Solen Le Net

By Solen Le Net


Published: 26/08/2024

- 09:00

Peru has been named an excellent place to build a new life as a retiree

When deciding where to retire, Britons often have three things at the forefront of their minds; affordability, sun, and healthcare. Many countries tick these boxes, but researchers believe one takes the crown for its affordability.

According to relocation consultant Kristin, Peru is an excellent place to build a new life as a retiree, and for several reasons.


In a recent clip, the expatriation expert named several perks of living in Peru, including excellent food and unmatched healthcare.

Peru is the third largest country in South America, located on the western stretch of the continent along the coast of the Pacific Ocean.

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Kristin rates the Latin American hotspot

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“From the Amazon rainforest to the Andean mountains and coastal plains, Peru has it all,” claimed Kristin.

“Known for its archaeological treasures like Machu Picchu and its culinary excellence, Peru is an affordable place to retire with some of the most spectacular scenery, culture and history in the world.

“It’s also very affordable,” explained the expert, noting that a meal will set you back as little as $4 (£3).

“A cell phone plan might cost you £7.50 per month,” she added. “Monthly utilities can run around $50 (£38).

“You can find a monthly efficiency or studio from $175 to $250 a month (£132 to £190), even $500 (£378) would go a really long way in Peru.”

Of the healthcare system, Kristin said: “Peru’s healthcare system is decent with good facilities in cities like Lima where a doctor’s could run as low as $35 (£26.50).

“Overall, it’s the second cheapest country in Latin America and living here is more affordable than 89 per cent of the countries in the world, so you can really save a lot and have a really comfortable lifestyle.”

Peru is home to a vast array of climates which set it apart from other nations on the continent.

Other parts of Central and South America are typically significantly hotter throughout the year, explained Kristin.

Thanks to its large rainforest, however, Peru enjoys milder temperatures throughout the year.

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Kristin rates the Latin American hotspot

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“You also have the mountains,” added Kristin. “Although the altitude can definitely be a problem and take some adjusting to.”

Some years ago, Peruvian authorities introduced a Rentista Visa welcoming foreign retirees with a low monthly income requirement of £1,000 per month.

“You can also apply for permanent residency there after a few years but this is a country that wants to see that you’re actually living there before they give you permanent residency,” said Kristin.

One downside is the country's poor infrastructure, which sees some rural towns struggle without water and electricity.

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