Investing in property on the Mediterranean coast of Spain has become more affordable today than it has been in many decades
Many international guides are calling Spain one of the top if not the top retirement destination for expats around the world. The country offers Europe’s best bargain for first world living at the price it costs in some countries in Latin America.
Banks in Spain have made it easier to send international banks transfers for transfer of large sums of money. That in turn makes it easier to purchase a retirement home, villa or possibly a centuries-old vineyard.
Since the recession has been ongoing in Spain, many parts of the country have much lower real estate markets than other parts of Europe. On much of the coast of Spain, a beach condo can be purchased for as little as $150,000.
If someone has fears of purchasing land as an expat in another country, then there are many long term rentals for as little as $550 per month in the city of Alicante and for around $850 in the city of Malaga. Both destinations cater to tourists, but both are vibrant cities, with markets, shops and theaters and can feel like home in no time.
Even prior to the deep recession the country has faced, Spain was one of Western Europe’s least expensive destinations.
While in Spain eat like the Spaniards. The Mediterranean diet is now considered one of the healthiest and buying from local markets will not only take off extra pounds, but will trim you grocery bill as well.
Regardless of where one lives in Spain, access is easy to the entire country and for that matter the rest of Europe. High-speed, modern trains can take you from one end of Spain to the other in only seven hours. Bus fares are low, routes crisscross the country and are very safe. International airports have connections to the rest of Europe and North America.
Due to fierce competition in the telecommunications world in Spain, prices for phones have plummeted making it much less expensive to call anywhere in the world. Many companies are offering cell phone, cable and Internet service for less than $60 per month.
Once a resident or naturalized citizen, public healthcare is available which is excellent, with good hospitals in every metropolis.