A stunning European nation has been unveiled as the most affordable retirement destination in Europe, costing pensioners a mere £422 per month.

This southeastern European country is brimming with ancient historical sites, breathtaking beaches and delectable cuisine, and was once the seat of a significant empire.

According to a 2023 study by Euronews, British retirees in Turkey never feel isolated, as the country has experienced an influx of visitors following the lifting of pandemic travel restrictions.

The nation, straddling both Europe and Asia, houses approximately 84 million people, including 34,000 Brits.

Istanbul, situated on the Bosphorus River – the dividing line between the two continents – is a vibrant blend of history, culture and impressive landmarks, where “the East meets the West”.

Noteworthy attractions include the awe-inspiring Blue Mosque and the Grand Bazaar, a labyrinth of intrigue. However, it’s the affordability of Turkey and its extraordinary cities that primarily attract British retirees.

With a monthly living cost of just £422, a UK pension would stretch at least four times further than in Britain, where the equivalent cost of living is £1,652.

In Istanbul – the priciest city in the country – the average price for a 100 square metre property is around £54,000.

Turkey also boasts lower crime rates, with a mere 214 instances of theft per 100,000 individuals – in contrast to approximately 280 in England and Wales.

Another significant advantage of retiring in Turkey is its relatively temperate climate. The warmth and hospitality of the Turkish people also feature prominently on the list of benefits.

Turkey, once the epicentre of the Ottoman Empire, which at one point extended as far as present-day Austria, is rich in history.

The Balkans are peppered with Ottoman-influenced landmarks – including in Bosnia-Herzegovina’s capital city Sarajevo, full of mosques, churches and synagogues.