Located in the southern most region in Europe, Spain is the primary option for Europeans to settle their retirement. With its Balearic islands in the Mediterranean and the Canary islands in the Atlantic, making it the most ideal place to live in all of Europe. The cost of living is also a plus compared to other European countries. No wonder its listed as The Best Places To Retire Abroad 20201, which analyzes the best places in the world to retire according to different variants such as the climate, the cost of living, the health system and the law on foreigners.
The south coast and the east of Spain were the most preferred places for Spanish retirees and the trend has not changed. The majority of Europeans over 55 years old, are in a community with a coast, Andalusia, Catalonia, the Balearic Islands, Murcia, the Canary Islands and Valencia community. Only Madrid sneaks into this ranking as the only interior community.
Valencian Community – This includes the east coast of Spain from Valencia, Denia, Benidorm, till Alicante. This is the most preferred place for British Expats.
Andalucia – With friendly locals and sunny temperature, this is one of the best vacation places in Spain, even by Spanish from other regions. This region is highly accessible through all modes of transportation. From AVE bullet trains, to bus and by flight. Andalucia is also festive with its significant number of “fiestas”, you will always want to go for more.
The Canary Islands have the best weather In Europe, with its tropical climate with an average temperature of 22C all throughout the year. The north-east trade winds create a thermal inversion which avoids the clouds formation in the Canarian Islands. This generates the cleanest and clearest sky in Europe.
Balearic Islands – This comprises of 4 large islands – Mallorca, Menorca, Ibiza and Formetera. With its Mediterranean weather, Balearic Islands is more famous for its world class parties and nightclubs. However, foreigners can opt for a calmer side of the archipelago.
Catalonia – Located in the northeast part of Spain, this region consists of Barcelona, Girona, Lleida, and Tarragona. Though the weather is slightly colder than the rest of the coasts of Spain, Barcelona remains the most resided area for expats due to its business districts and rich culture.
Murcia – located in the middle of Andalucian community and Valencian Community. Murcia is known for its beaches and extensive heritage that dates back in the 8th century of the Moorish era. This region includes Aguilas, Cartagena, La Manga, Mazarron, Totana and Murcia city
among many others.
- In 1996 there were more than 86,000 citizens of the European Union aged 55 or over who lived in Spain.
- In 2011, the number of elderly foreigners residing in Spain rose to over 400,000, specifically 436,000.
- The British retirees are the most numerous in Spain, they are the Germans. Older pensioners from Sweden, Norway, Denmark or Austria complete the melting pot of nationalities that are in greater numbers residing in Spain.2
- Spain has the most British Expat population and has the highest number of expats aged over 65 years (40%).3
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2.Mapfre Retirement Guide, Sept. 2020