The Best Places to Retire in Spain

8 August 2017 0 Comments Category: Active Lifestyle

Retire in Spain

The great weather, the sun, the culture, the food… It’s no wonder Spain is crowned the world’s third most popular tourist destination. In addition, Spain is favoured by many Europeans as an ideal retirement destination. This is owed to the fact that as well as its excellent climate and to-die-for cuisine, prices in Spain are significantly lower than in the richest European countries.

This means that a German retiree with a good pension living in Spain will have a much better quality of life than they would back home. House prices are cheaper, the food is exquisite and cheap, the healthcare system is one of the best in the world… Perhaps, because of all this, according to International Living, Spain ranks in the top eight of preferred retirement destinations. Thus, you could always opt to stay here.

If you’re considering your retirement, you’re no doubt already aware that there are various destinations ideally suited to this stage of life, but be that as it may, it’s always a good idea to have a financial buffer – some savings to supplement your pension and therefore allow you to maintain a better standard of living. Also, it’s a good time to think about your health and family, so we would always advise that you look at taking out private health insurance before making the decision. In Spain, there is a public healthcare system in place, however, if you require any kind of comprehensive coverage and want to avoid waiting lists, it’s worth considering going private as an alternative option.

Currently, Brits are the largest group (around 200,000) of retirees, comprising 46% of the total retired expatriate population resident in Spain. Germans are not far behind, accounting for 20% of the total. The remaining nationalities each account for percentages equal to less than 10% of the total figure. Nevertheless, there are areas in which rather large enclaves of various nationalities have formed, including the Swiss, Norwegians, Danish and Austrians.

MOST SOUGHT-AFTER

90% of immigrants aged 55 or above are registered as resident in seven communities (Andalusia, Catalunya, Balearic Islands, Madrid, Murcia, Canary Islands and Valencia), six of which are coastal areas.

BEST FOR QUALITY OF LIFE

The Costa del Sol

Malaga, right in the heart of the Costa del Sol, is one of the preferred areas for those who wish to retire to a life in the sunshine by the sea. Its city council is dedicated to fulfilling the needs of this demographic and offers a whole host of activities tailored to their interests. Senior residents who wish to can thus turn their hand to painting, music, arts and crafts, excursions or travel.

The Valencian Community

With its Mediterranean climate, thriving social and cultural scene and delicious food, it’s no surprise that the Alicante and Valencia area is one of the most sought-after retirement destinations. There are a variety of services adapted toward senior citizens: the beaches and mild temperatures, the opportunity to do a lot of outdoor sports. Herein lies the appeal of the Costa Blanca for those coming from abroad to live in Spain.

The Balearic Islands

The Balearic Islands are always a good choice. Palma de Mallorca is a city favoured for its climate, quality of life and environment; hence the reason why Brits and Germans feel right at home here.

Another famous island is Ibiza, a place which caters to all people, no matter what you’re looking for, be it Mediterranean-style tranquillity or a vibrant entertainment and party scene.

The Canary Islands

Mild temperatures all year round, sun, clean air or natural resources which can help to boost your health: the Canary Islands are a unique and exclusive destination, ideal for those looking to enhance and revitalize their health and wellbeing.

If it’s peace and tranquillity within an enchanting natural environment you’re after, we recommend Lanzarote. If you prefer a combination between city and nature, Tenerife or Gran Canaria are the islands for you. La Palma, Gomera and El Hierro would be best suited to those in search of seclusion and solitude.

Costa Brava             

Playa de Aro, Begur, Roses or Pals are enchanting villages where retirement is all about getting a healthy dose of R&R. These areas boast an excellent climate with a vibrant cultural scene ideal for both jazz lovers and painting enthusiasts alike.

San Sebastian, the Basque Country

Although the cost of living is relatively expensive, San Sebastian is a charming city characterized by its gastronomy and famous ‘pinchos.’ What’s more, you’ll be lucky enough to have the resplendent “La Concha” beach on your doorstep.

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