Just a 20 minute ferry away from busy Malta is Her biggest sister Island, Gozo. This much smaller island is very quiet and has become a haven for elderly couples looking to retire in safety, beauty and comfort. Property in Gozo is at a very attractive rate, especially when renting for a long period. Three bedroom apartments with a large terrace and 2 bathrooms is going for 350 euro per month! Everything is very close in the town but a car is recommended as each village is unique and has their own hidden beauties!
You may also be interested in the Retirement Scheme for EU residences where a beneficial tax rate can be availed of.