The Mediterranean Islands
The Mediterranean Sea boasts over
10,000 islands, nearly 6,000 of which are located in the Aegean, predominantly
the Greek Islands, while the remainder are scattered across the Adriatic and
Tyrrhenian Seas.
Although many of these islands are uninhabited, the populated ones differ in terms of weather, climate, and culture.
Some are home to small local populations, others are renowned vacation
destinations, and some are large and densely populated.
The Best Mediterranean Islands for Long-Term Living
In our blog, we've carefully
curated a list of the best Mediterranean islands for long-term living. These
islands offer the most developed infrastructure, granting access to all
essential amenities and services for a comfortable lifestyle.
Moreover, all of these are
exceptionally welcoming and boast a significant international presence,
accommodating retirees, expats, and young digital nomads alike.
Furthermore, the property market
on these islands is very buoyant. As a matter of fact, some of these islands
even allocate certain incentives to those investing in real estate.
12 Best
Mediterranean Islands to Live in 2024
1. Mallorca, Spain
It has long been a popular retirement hotspot with its azure blue beaches, climate, and diverse landscapes.
And given
its close proximity to the mainland, it's also a great place to buy property as
it features all the modern-day services and amenities from mainland Spain.
Its capital
and largest city is Palma, an
attractive Spanish city known for its rich cultural heritage, Gothic
architecture, and resort vibes.
While its
terrain is mostly hilly and mountainous, with some flat areas in the north and
south, as well as the small islands off the coast of Mallorca, the crime rate
is low, and its friendly community makes it easier for newcomers to settle in.
The island
also promotes an active lifestyle, as one can partake in several recreational
activities, from a swim or hike in the mountains to golfing or even horse
riding.
Cost of Living: its cost of living is very high, and its property market is very
expensive. But nevertheless, basic necessities aren’t costly, and a retired
couple could live very comfortably on $4,500 to $5,000 a month.
2. Menorca, Spain
.jpeg "Mediterranean Islands")
Overview: One of the
lesser-known Balearic Islands, Menorca is located to the northeast of Mallorca
and is the least overrun and most tranquil of the Balearics.
With a
population of around 100,000, the island is dominated by visitors, particularly
during the summer tourist season of May through October.
Due to its
unspoiled beauty, it allows its residents the opportunity to discover new
localities and experiences.
Despite its
smaller size among the other Spanish islands, being just around 48 km long and
around 16 km wide, beachfront views are attainable from every angle.
Cost of Living: The cost of living on this island is also the cheapest out of all the
Balearic Islands, though it is still expensive compared to most of the areas of
mainland Spain. Currently, the average cost of living to reside comfortably on
this island is about $2,200 to $3,000.
Healthcare : When it
comes to the healthcare system, it is still limited, but then again there is a
public and a couple of private hospitals, so basic health checks can be easily
done.
Language is
also not an issue on this island, as almost half of the populace is of foreign
descent, with most from the United Kingdom, Italy, and France.
3. Corsica, France
Overview: Sardinia
is the French island of Corsica. It is the fourth largest island in the
Mediterranean, significantly smaller and less densely populated than the islands
of Sicily and Sardinia, with only 36 inhabitants per square kilometer.
Despite its
close proximity to France and Italy, the beautiful island of Corsica remains
distinct in both its history and culture, offering even seasoned travelers and
settlers a unique and memorable taste of the Mediterranean.
The island
is a haven for retirees and snowbirds alike, offering first-class golf courses,
yachting, and other recreational activities.
Cost of Living: Although accommodation is a bit expensive on this island, the cost of
food and other essentials can be relatively low, especially for those who
prefer to shop locally.
Transport: Public
transportation here is generally good, but owning a car can be costly due to
high fuel prices and high tax rates on private vehicles.
4. Sardinia, Italy
Overview: Sardinia is
the second largest island in the Mediterranean and is designated as a Blue
Zone, indicating it has one of the highest rates of centenarians and high life
expectancy.
In addition to its impressive longevity rates, Sardinia scores highly in various indexes such as happiness, well-being, and safety. Each location on the island offers a unique lifestyle infused with rich Italian traditions and culture.
Sardinia
boasts beautiful beaches, mountains, forests, small villages, larger cities,
and delicious local food and wine, catering to diverse preferences.
Cost of Living: The cost of living in Sardinia is 40% lower than in mainland Italy.
With over 300 communes, the island presents a wide range of property options as
well.
Condos and
townhouses can be purchased for well within $150,000, while larger houses by
the sea can exceed $350,000.
Notably,
Sardinia offers a variety of property prices to suit any budget, ensuring a
diverse array of choices for potential buyers.
5. Malta
Overview: With a population
exceeding 500,000 people and an area of 3,116 square km, Malta is the most
densely populated island in the Mediterranean Sea.
Overall, it has been a popular
jurisdiction for foreigners for many years. Warm weather, island life, and a
thriving economy are just some of the reasons people are drawn to its shores.
In addition, it has a high
employment rate and offers great working conditions with abundant job
opportunities in the fields of finance, logistics, pharmaceuticals, and
tourism.
As a sovereign EU state, its visa
policies are lenient for other EU citizens, while for non-EU citizens, a number
of residency opportunities can be accessed depending on one's means.
Whether you have a job in Malta,
money to support yourself, or you may have to invest locally, life in Malta is
very simple and a relaxed way of life.
People are not overly stressed,
you have the sea all around you, the vibe is overall very chill. Also, it's
super easy to find accommodation, and most of the time you don't need a car to
get around the island, as the local transportation system is top-notch.
But be aware the country is going
through inflation, so the median cost of living to reside comfortably can
easily exceed $2,500.
6. Cyprus
Overview: An island nation situated in the far eastern corner of the Mediterranean, Cyprus is renowned for its boundless hospitality, stunning beaches, superb cuisine, well-developed infrastructure, and attractive tax incentives.
Its mountainous interior and
breathtaking coastline draw the majority of the population to its 5 main
cities, allowing for ample space and tranquility in the less densely populated
areas.
Infrastructure and Investment: In recent years, it has emerged as a premier destination for property investment, with a growing influx of British and EU citizens investing in its real estate market.
The island's strategic location
at the crossroads of three continents enhances its appeal as a prime investment
hub. The country's robust infrastructure includes modern healthcare facilities
and efficient transportation networks, ensuring a high standard of living for
its inhabitants.
To top it off, the legal system
in Cyprus is based on English common law, which provides a familiar framework
for many expats, further facilitating the transition for new residents.
The combination of these factors
makes Cyprus an attractive option for both investors and those seeking a
vibrant yet relaxed lifestyle.
7. Corfu, Greece
Overview: Overlooking the Albanian coast at the top end of the Ionian Sea, Corfu is considered to be a real stunner.
It is often advertised to be the
cheapest of all the mainstream Greek islands, while it does still rank as one
of the most expensive places to live in Greece, it is yet relatively
affordable by most European standards.
Less than half the size of
Rhodes, Corfu can get a bit crowded and touristy during the summer months, but
it's a really good location with ferry links to all nearby countries.
As a whole, it's a nice option
for anyone looking for an outdoorsy island life with an international
atmosphere and great infrastructure.
Cost of Living: The average cost of living for a sole individual on this island is around $1,700, while the median home price on this island is around $250,000, be it an apartment or detached house.
8. Crete, Greece
Overview: The fifth largest
island in the Mediterranean and the largest of all Greek Islands, Crete is
increasingly gaining popularity as a destination for tourism, retirement, and
holiday homes.
This island offers an abundance
of attractions synonymous with island living, including world-class beaches,
charming seaside tavernas, and a relaxed atmosphere.
Development: However, what sets Crete apart is its highly developed infrastructure. Retirees can take advantage of modern healthcare services, shopping centers, recreational facilities, and educational opportunities available on the island.
Crete boasts a robust economy
with efficient transport links that ensure swift and easy accessibility
throughout the island.
The island enjoys over 300 days
of sunshine annually, providing an ideal climate for outdoor activities and
exploration.
Cost of Living: The cost of living in Crete is the same as most of the other Greek islands. A single individual can live comfortably for under $1,800 a month.
Real Estate: When it comes to real estate, beachfront properties in Crete are in high demand, with median prices for a detached house on the beach exceeding $300,000.
Nevertheless, there are numerous
gated communities further inland where one can purchase a midsize villa for
under $150,000.
9. Sicily, Italy
Overview: One of the prominent
regions, Sicily has no land
connections with mainland Italy, hence it is characterized as the largest
island of the Mediterranean Sea.
Transportation: Planes and ferries
are the most common routes to get to Sicily from the mainland, though one can
also get a train from Sicily direct to Rome in Naples that boards its very own
ferry.
Lifestyle: This region offers a
quintessential Italian experience characterized by medieval hilltop towns and
remarkably affordable properties.
Historically, it was often
overlooked by prospective residents, but improvements in travel connections
with the mainland and an enhanced safety index have gradually attracted more
individuals looking to reside permanently here.
Most of the times, the region
attracts seasonal retirees as the prospect of long-term residence still remains
less appealing for foreigners.
Cost of Living: However, the cost of living and property prices in this area are among the lowest in Italy. The average monthly expenses barely reach $1,200, while the median home listing price is around $75,000.
For those seeking luxury,
exceptional properties in southern Sicily can be acquired for approximately
$300,000.
Additionally, small stone houses
in the villages, most of which require significant renovation, can be purchased
for as little as $5,000 to $30,000.
10. Rhodes, Greece
Overview: Another notable
entry from the Greek Islands, Rhodes
is among the most touristic destinations in Greece, situated just a few
kilometers from the Turkish coast, bordered by the Aegean Sea and its stunning
turquoise waters.
Permanent Population: Rhodes has a permanent population of just over 120,000, a number that significantly increases during the tourist season.
Additionally, numerous snowbirds
from Scandinavia and Western Europe flock to the island each year, investing in
the local real estate market.
Affordability and Cost of living: Housing on Rhodes is surprisingly affordable, although there are several luxurious homes priced at over a million dollars. Apart from the property market, the cost of living on this island fluctuates throughout the year.
In peak summer seasons, prices for everything,
be it accommodation and eating out, rise exorbitantly. But to put into numbers,
a single person can reside quite lavishly for under $2,000 US a month.
All in all, Rhodes is a vibrant and dynamic
destination, offering a plethora of bars, cafes, dramatic landscapes, and
gourmet cuisine, ensuring there is never a dull moment.
It is particularly well-suited to
smaller families or older couples who seek a lively yet charming Mediterranean
environment.
11. Lesbos Island, Greece
.jpeg "Mediterranean Islands, Lesbos Island, Greece")
Overview: Greece's third
largest island, Lesbos, is situated in the northern Aegean Sea, approximately 6
miles west of Turkey. The distance between Europe and Asia narrows to just 7 km
here.
The island boasts a year-round
population and comprehensive infrastructure, including an international airport
and regular ferry connections, ensuring seamless accessibility throughout the
year.
Historical
Significance:
Lesbos is a captivating island that is steeped in history with ancient castles,
monasteries, Roman aqueducts, temples, and vast olive groves.
Unlike many other Greek islands
that are overrun by mass tourism, Lesbos retains its authentic, laid-back Greek
lifestyle with subtle Turkish influences.
Cost of Living: Despite its separation from mainland Greece, the island remains affordable, with inexpensive food products, vegetables, and housing. Additionally, there are no import duties, making the cost of living even more economical.
12. Krk, Croatia
Overview: Often referred to as
the Golden Island, Krk is located in the northern part of the Adriatic Sea and
is the largest island of Croatia. It is connected to the mainland via an
extensive bridge, making it one of the most accessible islands in Croatia.
Apart from the road connectivity,
there's also an international airport on this island hosting daily flights from
most major airports of Europe.
Besides, the island is very
well-developed as it offers all the modern-day facilities and services at arm's
length.
It is also famous for its diversity of scenic
landscapes, from bare regions in the north to lush green areas in the south
with Mediterranean beaches and small towns.
Its main town features a
fortified section with walls along its entire length. Inside the walls, there
are stone-cobbled streets with shops, coffee bars, souvenir and jewelry shops,
restaurants, and galleries.
Cost of
Living:
The cost of living on this island is the same as in mainland Croatia. A single
person can easily reside in any of its locality for just under $1,600 per
month.
The property market on the island
is also very buoyant, be it a luxury villa, a condo or cozy house, an
apartment, or perhaps a building plot.
