For Britons dreaming of a life under the sun, a new study has pinpointed the most affordable European destination, and it's not Spain or Portugal. Italy has been crowned the cheapest country for British expatriates to live in long-term, according to research from property experts YourOverseasHome.
Beyond the Tourist Trail: Everyday Savings in Italy
The analysis compared the cost of everyday necessities across six European nations and the UK. While acknowledging regional variations, the report concluded that living in a typical Italian town or village outside major tourist hubs offers the best value. "Italy is by far the cheapest place to live long term when you're not spending like a traveller," stated YourOverseasHome.
This affordability comes despite one significant caveat: energy costs are higher in Italy than in the UK. However, these expenses are more than offset by substantial savings in other areas. Grocery shopping is notably cheaper, with items like seafood, confectionery, and gin costing over twice as much in Britain. Housing costs also drop, as decorating materials and hiring a domestic cleaner are less expensive.
Brits can enjoy a classic cappuccino for an average of just £1 in an Italian café, compared to roughly £3.20 at home. Even consumer electronics like televisions and smart speakers carry smaller price tags in Italy.
How Other Popular Destinations Compare
The study, which also examined Germany, France, Greece, Spain, and Portugal, revealed a mixed picture for other popular relocation spots.
Spain emerged as the winner for affordable dining out, with a typical three-course meal costing around £13. Dental visits were also most budget-friendly there at about £21.50, starkly cheaper than Germany's £50 average.
Portugal offered savings on fuel, with 50 litres of unleaded petrol costing approximately £78, cheaper than the UK's £81. Greece recorded the steepest fuel charges at £86 for the same amount.
However, the UK still held advantages for some specific items. Paracetamol was nearly ten times more expensive in Italy, and iceberg lettuce was most economical in British supermarkets.
A Word of Caution for Prospective Movers
Christopher Nye, chief editor at YourOverseasHome.com, welcomed the findings but urged caution. "We know that thousands of Britons are considering moving abroad, more so than ever! UK natives are looking to jump ship to avoid high energy costs and neverending price rises," he said.
"But if you're moving under the assumption that you'll be getting more for your money, you could very well be jumping from the frying pan into the fire, as prices have shot up across the eurozone too."
Following the UK, Germany was ranked as the next most expensive place to reside, with Spain and France being more affordable but still trailing behind Italy in the overall cost-of-living ranking for British expats seeking a European lifestyle.
