When you hear the word "Spain", many positive images come to mind. Great weather, amazing cuisine, and friendly people - these three factors alone are enough for some to consider the country an idyllic paradise. That is why so many ex-pats, from all over the world, live here.
Of course, it is not only the abundance of sunlight, delicious food and drinks, and the mentality of the locals that have made the country so popular. Here are the top five reasons why ex-pats prefer to buy a property in Spain and stay here permanently.
- High Quality of Life
- Low Living Costs
- Food and Beverages
- Real Estate
- Entertainment and Historical Sights
The high quality of life that Spain offers is justified by many factors, the most significant being:
- A reliable healthcare system. There have been several studies and surveys that have proven the Spanish healthcare system to be in no way inferior to other European countries. The government takes care of its citizens, as evidenced by the free services offered by public hospitals. The health of residents is positively affected not only by medical institutions with modern equipment and highly qualified personnel but also by the culture and climate of the country. The abundance of sunlight, the healthy Mediterranean diet, and the country-wide habit of spending a lot of time in the fresh air have a positive effect on the well-being of Spaniards and ex-pats who live here.
- Healthy corporate culture. Spain is an ideal choice for those who want to enjoy life, forgetting about the hustle, stress, and over-strain. Most local organisations begin their working day around 10 am and end no later than 8 pm. Given that lunch breaks are two hours long, on average, locals work approximately 35 hours a week. Thus, this sunny country offers the perfect work-life balance.
- Mild climate. As mentioned above, Spain offers an excellent climate, which not only creates comfortable living conditions but also has a positive impact on human health. The locals enjoy about 320 sunny days a year. Expats who don't like the heat can move to the northern part of the country, where temperatures are cooler in the hills.
In Spain, the cost of living per person is approximately 900 euros per month, which is much cheaper than in other popular European countries such as Germany or Denmark. This is great news, not only for students and retirees but also for working ex-pats, because the average monthly salary here is 2,710 euros.
You can view the approximate costs that residents of Spain might pay in the following table:
|Goods or Services||Average Cost (EUR)|
|Eating in a mid-range restaurant for one person||12,00|
|Milk, 1 liter||0,83|
|Loaf of fresh wheat bread||1,04|
|Chicken fillet, 1 kg||6,35|
|Apples, 1 kg||1,81|
|Potatoes, 1 kg||1,21|
|A bottle of still water, 1.5 liter||0,65|
|A one-way ticket for public transport||1,40|
|Taxi, 1 km||1,10|
|Gasoline (petrol), 1 liter||1,65|
|Internet (60 Mbps and more)||35,94|
|Gym membership per adult||98,12|
|Monthly rental of a 1-bedroom apartment in the city center||740,99|
|Cost per square meter in the city center||3249,8|
The cost of Spanish goods and services varies from one place to another. It should be borne in mind that in the central part of any city, prices are usually higher. Also, potential ex-pats should understand that a lower cost of living means lower wages compared to other European countries.
Speaking of the benefits of living in Spain, it is impossible not to mention the local food and drinks. Most foreigners know that food is an integral part of Spanish culture. The locals are very proud of their cuisines, such as wine and olive oil, but when it comes to the famous meat and seafood dishes, their pride is on a completely different level.
For people whose meal is not complete without drinks or wine, Spain will be a paradise! Dishes such as paella, gazpacho, and Spanish tortilla are classics here and those who like to cook on their own can count on affordable fresh fruit and vegetables sold at local markets. Please note that most of the locals follow a seasonal diet, meaning they consume foods that are available at certain times of the year.
Spaniards are always ready to tell you where you can find the best bellota (Iberian ham), cochinillo (spit-cooked suckling pig), chuleton (ox meat steak), or Pescado Frito (fried fish). They are also able to talk with great enthusiasm for a long time about the local dishes of their pueblo (small town or village).
Even tourists who have only been to Spain once have probably had the opportunity to try numerous dishes and wines from various regions and find something they love. Moving here allows foreigners to embark on a culinary journey that will create wonderful memories and allow them to better understand this aspect of Spanish culture and the local people.
Apartments and houses in Spain attract both investors and ex-pats due to the following advantages:
- Numerous amenities. The COVID-19 pandemic has significantly changed the needs of real estate buyers. Now people require facilities that offer more space and numerous amenities. Spanish developers were among the first to take these changes into account and began to implement properties that could satisfy the buyers’ desires. As a result, large houses with spacious rooms and outdoor areas, such as terraces or balconies, and apartment complexes with public amenities, which may include swimming pools, gyms, gardens, and recreation areas, have appeared on the local market.
- Investment opportunities. Real estate located in Spain is not only perfect for living but also for investment. If the buyer makes the right choice and invests in a high-quality residential unit that offers numerous amenities and is located in a coastal area or another popular tourist destination, such a person will surely receive some profit. Investors can count on both stable rental income and capital gains.
- Wide range of residential property. The Spanish real estate market offers a wide selection of residential units. Buyers have the opportunity to choose between compact studios, apartments, penthouses, townhouses, villas, duplexes, and other property types. These real estate units may offer numerous amenities such as a swimming pool, a gym, a sauna, a garden, a barbecue area, and a playground, as well as proximity to beaches, schools, shops, hospitals and healthcare centers and other critical infrastructure. Everyone here will find a residential unit that will suit his or her personal preferences.
The art and history of Spain have already enchanted many travelers from all over the world. Cities like Valencia offer modern entertainment including IMAX cinemas, planetariums, amusement parks, science museums, and art centers. Granada, on the other hand, attracts lovers of ancient palaces, throne halls, and gardens. The beautiful beaches, cathedrals, sculptures, art galleries, and modern landmarks are what make tourists who come here decide to purchase a house or an apartment in Spain and remain here forever.