Retirement can be an exciting chapter in most individual’s future; with the right choices it will offer a wonderful start to a new and amazing lifestyle. Spain’s greatest appeal is the high standard of living it offers expats; these include stunning countryside and beaches, all year – round sunshine and an economical cost of living; other benefits include inexpensive housing and healthcare.
MGM advantage (The marine and general mutual life assurance society) is a specialist in retirement income, based on research done by this firm, it was revealed that buying a property in Spain and retiring there is still attractive to those living in the UK.
A pension’s technical director at the MGM firm, Andrew Tully as stated: “Retiring abroad is a dream for many people. The thought of an easier pace of living, better weather and potentially cheaper than the UK can prove a strong draw.”
City living in Spain can be very affordable, except for the capital city Madrid and also Barcelona. However if you prefer the country life this will be very beneficial, but cost of living can get slightly more expensive during special events – such as festivals and holidays, generally utilities, rent and food shopping will be cheaper than in bigger towns.
The top 10 places in Spain to visit are:
10. Santiago de Compostela
According to a recent survey, Spain economy is improving, experts and real estate agents are predicting more property sales for 2014. Based on research an improved economy will lead to more stable property prices; the average house price in Spain is expected to continue falling in the future. Some experts are also predicting that the banks will start to lend again in the second half of this year. A lot of British buyers are returning to the Spanish market.
In 2013 the average property price was (£77,466) since this peak, the price dropped 40% to 55%, but if the bank lending improves, then the property market will increase across the board. The average property price in the south of Spain is around (£103,013), apartments and town houses are available for less. A survey which was done by the Confidence Indicator (This is a form of press release for business and consumer surveys) for November 2013; 46.4% of individuals think that Spain’s housing prices will be stabilizing in the year 2014, which signals a boost of confidence in the market.