My pick would be Italy.
If your budget is small, you could still afford to retire in Italy if you opt for the Abruzzo. This region of Italy is enticing and affordable. Real estate prices here are up to 80 percent cheaper than in Tuscany and up to 50 percent cheaper than in Umbria. And while 75,000 euro (about $100,000) already sounds cheap to most people, in other villages of the Abruzzo, small but habitable village houses are on the market for as little as 28,000 euro. At current exchange rates, that's about $38,000.
There’s no over-crowding or heavy industry. Hiding away down its curvy roads are castles, vineyards and villages made of stone and memory. Life in the Abruzzo hasn't changed much over the years or even over the centuries. It's like wandering into a gentler, kinder yesterday, with little or no crime and neighbors who watch out for each other.
Families shop at open-air markets, not hypermarkets, and if they don't produce their own wine, they buy it from local vineyards. Sure, it's everyday wine, but at 8 euro (less than $11) for five liters, who can complain?
Relatively unknown to foreign visitors, the sparsely populated Abruzzo is where central Italy merges into the languid realms of this country’s deep south. Even though many parts of the area are only an hour or two's drive from Rome, this region clings to its secret, ancient feel.