40 Underrated Coastal Towns in Europe Ready for Retirement

32. Peniche, Portugal

A vibrant fishing town on Portugal's central coast, Peniche is known for its dramatic cliffs, pristine beaches, and world-class surfing. While it attracts surfers, it retains a strong local identity and authentic charm. Retirees can explore its historic fortress, enjoy fresh seafood directly from the harbor, and take leisurely walks along the rugged coastline. Peniche offers a lively yet unpretentious atmosphere, with a strong sense of community and an affordable cost of living, providing a dynamic coastal retirement off the main tourist trail.