Greece comes first in the preferences of British pensioners, or those preparing to retire, as an ideal relocation destination, according to research by the British insurance company, REASSURED.

Due to the high cost of living in the UK, many Brits are planning to move abroad after retirement, in order to live a comfortable life and save some of their income.

In a company survey, Greece came first as an ideal relocation destination as it meets all the prerequisites: a) annual level of sunshine in the country, b) average life expectancy, c) cost of living index, d) average cost of living, e) average transport costs and the percentage of the total population aged over 65 years.

Greece is followed by Portugal in second place, Malta in third place, Italy in fourth place, Spain in fifth place, Cuba in sixth place, Cyprus in seventh place, Japan in eighth place, Albania in ninth place and lastly Puerto Rico.