Dream Retirement, Can You Swing It? The True Cost of Retiring to Spain

Has Brexit got you down? Maybe the recent political decision has got you thinking about life outside the U.K.

It’s every Brit’s dream to escape the cold weather and live of a life of sun, sea, and sand on the Costa-del-Sol or the beautiful beaches of Barcelona. But how much does retiring to Spain cost and can you afford it? 

The truth is that like all places, whether you can afford to retire in Spain depends on where you choose to live. Some places are more affordable than others. Here are some of the affordable places to retire in Spain and what they can offer a British expat.

Seville 

Located in the south of Spain, expats living here notice the difference compared to living in the wealthier and more touristic North. There is history to behold around every corner and a much more traditional pace of life. 

Alcazar Castle, built in the 14th Century, stands tall over the city and is one of three UNESCO world heritage sites in the city. 

With a population of 700,000, you will never be short of people to meet as Seville is Spain’s fourth largest city. 

You can rent an apartment for around €650 a month, which is much cheaper than in many places in Europe. 

Temperatures can get as high as 35 degrees in the summer months, though this is still cooler than in some places in Spain. 

Malaga 

If this city on the Costa-de-Sol meets your requirements as one of your affordable places to retire, you won’t be disappointed. Here you’ll find the perfect blend of city, beach, and greenery.

There are ruins of a once bustling Roman City as well as a beautiful botanical garden.

One thing to think about is that Malaga can reach highs of 40 or 41 degrees in the summer. This might make it a little too hot for some expats. 

Valencia 

This is a modern looking and vibrant city that is an affordable alternative to Madrid and Barcelona, which can often be out of reach to those on a tighter budget. 

Looking around the harbor, you can almost forget that this city was founded in 138BC, with buildings like the glass-fronted City of Arts and Sciences dominating the skyline.

There is plenty to do in terms of nightlife. Valencia is Spain’s third largest city, so this is not the place to come if you’re looking for the traditional sleepy Spanish village. In fact, like much of Spain, many people here don’t eat until midnight. 

Almeria  

A city of the Moors dating back over 1,000 years, there are parts of this city that can make you feel as if you have crossed the sea to Morocco. 

Perhaps the cheapest places to live in Spain, a meal can set you back as little as €9.50 and a beer only €2. 

Renting an apartment is also a lot more affordable than in both the big cities and the rest of Europe. A one bedroom apartment in the city center can cost as little €270. 

Retiring to Spain: Find the Right City For You

Making the move to a new country is no easy feat, but you can make the move easier if you find a city that you like and you know you can afford.

How much does it cost to live in Spain? That depends on the city or town you wish to settle down in. But you also need to think about what you want, not only the cost. If you want history and a quieter place to live then Seville might be the place for you.

But if you want somewhere with a bit of nightlife to make you feel young again then a vibrant city like Valencia might be for you.

If you’re thinking about retiring to Spain be sure to consider Right Casa Estate Service. Contact us today to find out more about how we can help you find the property of your dreams.