Where to live on pension - top-5 in Spain

Where to live on pension - top-5 in Spain

Retirement is considered by many to be a “golden time”. The opportunity to devote time to yourself, your hobbies, to feel the sea breeze in the morning or to enjoy delicious cuisine is a dream of many. In Spain, more than 300,000 people retire each year and many of them are looking for alternative places to live during this period.

CONTENT:

HOW MUCH DOES IT COST TO LIVE IN SPAIN?

The first factor that we assess when deciding whether to move is the cost of living in a new location. Spain is a very popular destination for retirees. Many foreigners settle in the coastal regions of the country. The average pension in Spain is 1,300 euros per month, which in many cities may be sufficient for a fulfilling life.

The Basque Country, Catalonia and Madrid are the cities where housing is the most expensive. In Barcelona, ​​the price per square meter is set at 3.316 euros.

Living in Spain costs an average of 800 euros per month. However, keep in mind that cities such as Barcelona, ​​San Sebastian, Madrid or Palma de Mallorca are 14-30% more expensive.

In addition to housing, the budget should include the costs of electricity, water and gas bills, accompanied of course by the price of the grocery basket; this is another of the projected cost items that also vary by province. For example, bread can cost € 1.20 in Palma de Mallorca or Pamplona, ​​and only € 0.40 in Albacete.

The cost of a grocery basket in Spain is 6759 euros per year, while in cities such as Bilbao or Las Palmas de Gran Canaria, it exceeds 7.000 euros. On the contrary, the cheapest basket is in Murcia with 6.520 euros per year.

We offer the top 5 interesting places in Spain for the life of retirees:

  • Costa del Sol,
  • Castellon,
  • Bilbao,
  • Canary Islands,
  • Navarre.

COSTA DEL SOL: THE BEST PLACE TO LIVE ON PENSION

Why not move to the Costa del Sol to live in retirement? White sandy beaches and warm weather for most of the year make it one of the most desirable places to live. In fact, the region boasts 300 days of sunshine a year. Thus, its name is “Sunny Beach”!

The average air temperature on the Costa del Sol is 19ºC. That is why it is an ideal place for people with arthrosis and rheumatological diseases.

Malaga Airport has many connections to other airports in Spain and the world, so it will be easy to keep in touch with family and loved ones living outside of Spain.

The city of Malaga is one of the ten cities with the highest quality of life in Spain according to the Eurobarometer (a semi-annual survey of public opinion in dozens of EEC countries) of the European Commission. If you are looking for a quieter place away from the noise, then the municipalities of Mijas, Benalmadena or Fuengirola are also worthy options.

CASTELLON: RETIREMENT FOR ANY BUDGET

Costa del Azajar, in the province of Castellón, is also a place worth visiting. It is interesting to consider cities such as Benicarlo, Peñiscola, Vinarose and Benicasim.

Quality of life and over 120 kilometers of Mediterranean beaches have made the province of Castellón the third-choice destination for retirees. In addition, the area has ideal road and rail links to other cities in Spain.

The city of Castellón has one of the lowest housing prices in Spain: the cost per square meter is about 973 euros on average (three times lower than in Barcelona or Madrid!).

BILBAO: GASTRONOMY AND CULTURAL OFFER

Bilbao has been named one of the best cities for retirees in the world by Forbes magazine.

If you are a fan of northern Spain, Bilbao is definitely your destination with a wide cultural offer: visit the Guggenheim Museum of Contemporary Art or enjoy theaters and shows, as well as great gastronomy. You can taste all the typical pintos in the area!

However, moving to Bilbao requires some savings. It is the fourth most expensive city in Spain. The average price in 2021 for buying a house is 2,394 € / m2.

CANARY ISLANDS: 365 GOOD WEATHER DAYS

The Canary Islands are one of the favorite tourist destinations. Each of the 7 islands washed by the Atlantic has something to fall in love with: volcanic spots of Lanzarote, black sand beaches of Tenerife or wilderness of El Hierro island.

In addition, the Canary Islands are an ideal place to live due to their relaxed life and low crime rates.

Do you think that you will be here away from your family? Do not worry! You can return to the peninsula in just three hours. In addition, having a resident status, you can count on a special fare for air tickets.

Another reason many people decide to go to live in the Canary Islands is a special tax regime.

However, there are also downsides. Almost all of the food consumed is imported, so shelf life is shortened. You will need to plan your diet well so that you do not spend a lot on food.

NAVARRA: LIVING ON A PENSION WITH IRON HEALTH

Do you know that Navarra leads the ranking of the best healthcare communities in Spain? This makes it a very attractive place for a good quality of life. A temperate climate and abundant precipitation prevail. Due to the humidity in this area, transmission of viruses and bacteria is reduced. In addition, the climate protects the respiratory system and mucous membranes as it acts as a filter against pollution. Good medical insurance will allow you to count on the best care when you need it.

Navarra, however, is not the most economical area in Spain. The price of the house is about 1.561 € / m2 in Pamplona.

If you want to enjoy the tranquility of nature, you will love the rural surroundings of the Cantabrian valleys! Moreover, it is ideal place for lovers of fine cuisine. Enjoy a variety of local vegetables such as white asparagus, artichokes, or piquillo peppers.

WE WILL HELP YOU CHOOSE AND BUY PROPERTY IN SPAIN

Are you looking for property in Spain to move? Spain-Real.Estate specialists will help you choose the best offers of apartments in popular residential complexes that will ideally suit all your requirements. Location choice will depend on the budget and preferences of the expat looking for intense activity or, conversely, a more relaxed lifestyle. Be that as it may, in Spain everyone can make their own ideal choice.

Contact us by phone number or using the feedback form.

Share
Subscribe to newsletter
Subscribe