"If you have that money in southern Italy, you can live like a king, including renting or purchasing a property."
If you're hoping to retire in style while keeping costs low, a European retirement may be right for you.
That's true for luxury vacation hotspots such as Lake Como and Saint-Tropez, though you may not find what you're looking for in those places anyway.
So they have beaches, a walkable town, restaurants, bars, trains — they live on the main line," Sikes says.
"There are zero restrictions on Americans buying property in Italy or France," Sikes tells CNBC Make It.
Persons:
Tommy Sikes, Sikes
Organizations:
CNBC, European Union
Locations:
France, Italy, United States, U.S, York, Los Angeles, Europe, Paris, Rome, Milan, Como, Saint, Ireland, Cyprus