Spain the Top Destination for Brit Retirees

Retiring to Spain – It is estimated that over 6,000,000 Brits plan on upping sticks and moving abroad once they are at retirement age.

Moving to Spain in your retirement

Moving to Spain in your retirement

 

Of this six million, a massive 26% state that Spain is their preferred location, meaning that over 1.5 million people are looking to descend on the country at some point in the future. Second in the list was France, with the United States coming in third place. Surprisingly, Australia only came fourth in the list.

Of course, it is absolutely no surprise to find that Spain tops this poll, as we all know that many people from the UK move there every single year. But why do so many people choose Spain as their ideal retirement location? Well, firstly they are drawn in by the excellent weather, which outstrips the UK climate by some way. Secondly, the financial pressures of life are much lower in Spain, with a UK pension stretching much further in Spain than it does back home. Finally, there’s the relaxed pace of life, which many older expats find suits their lifestyle better than the hustle and bustle of the UK’s cities.

With 1.5 million people looking to move to Spain in the future, the big question now has to be this: can Spain cope with this massive influx of Brits? The answer has to be a resounding “yes”! The vast majority add to the local economies and don’t cost the Spanish state a euro – something that this recession hit country can certainly do with. Plus there’s the fact that Spain has a large surface area and a smaller population than the UK, meaning it has the space to support all these extra people.

If you are looking to move to Spain though, don’t wait too long, as house prices are only going to rise from this point forward…

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