Torres de Serranos city gate, Valencia, Spain
A Recent study The great Old World Spain dominated the rankings when it got here to the happiness of expats world wide.
Valencia was named the primary city for expat quality of life, while Malaga, Madrid, Alicante and Barcelona all ranked in the highest ten.
Additionally, Spain ranked second when it got here to countries with the happiest expats (just behind Mexico).
The Spanish cities of Madrid and Barcelona also rank first recently published report on emerging trends in global real estate as two of the highest cities to think about for real estate investing this yr.
As founding father of Live And Invest Overseas and editor of our annual Global Retirement Index, Spain’s success story is not any surprise. In fact, Valencia also took the highest spot in our 2024 rating of the world’s best destinations to retire abroad.
The second largest country within the EU after France, Spain is a ravishing, diverse nation with a wealthy culture and proud traditions.
The kilometer-long coastline extends to the Mediterranean, Cantabrian Sea and Atlantic Ocean, and you may drive to neighboring Portugal or France.
One of the most important misconceptions North Americans have about expat life in Europe is that it’s financially out of reach. Luckily, Spain is one of the crucial inexpensive regions in Western Europe. Here you may profit from a mean cost of living that’s 49% cheaper than within the USA
In Valencia – Spain’s third largest city and residential to 800,000 people – a monthly budget of $2,477 would allow a pair to enjoy a snug lifestyle.
This geographically blessed region has a few of one of the best weather on the earth, with around 2,700 hours of sunshine – greater than 300 days of sunshine – per yr.
Long known for its architecture, a stroll through its streets is a journey through 2,000 years of wealthy history. But this can be a spot that moves with the times, offering its residents reliable and well-maintained infrastructure, from convenient public transport systems to inexpensive, world-class healthcare and world-class connectivity and utilities.
This is not a spot to rest on its laurels either. Numerous developments and initiatives are planned far into the longer term, with a deal with renaturalization, reducing town’s carbon footprint and expanding car-free zones.
Another vital aspect here is security. Spain is the sixth safest country in Europe and the twenty ninth safest country on the earth the United Nations Office on Drugs and Crime.
Valencia has the bottom crime rate amongst major cities in Spain. Safety in on a regular basis life isn’t an issue, a indisputable fact that contributes significantly to the enjoyment and satisfaction of the expats who call town home.
Add to that delicious local cuisine, a variety of entertainment options, a Mediterranean beach and a welcoming area people, and it is not hard to grasp Valencia’s popularity with expats or its nickname because the ‘City of Joy’.
The average rent for apartments is around 1,000 euros per 30 days – having risen by around 14% last yr as a result of increasing demand. If you wish to buy, you may still find apartments for under 100,000 euros. For a house with a sea view, you will want to extend the budget to €250,000 or more.
There are not any restrictions for foreigners wanting to purchase property in Spain. The country encourages foreign real estate investment through its Golden Visa program.
Spain doesn’t have a selected visa for retirees, but its Non-Lucrative Visa (NLV) is geared toward retirees and people with passive income who can support themselves financially.
To qualify, you could display a monthly income of around $2,400. According to this NLV, you’ll receive a one-year residence permit that could be prolonged for 4 years.
For those in search of sunshine, opportunity and a pleased life in Old World Europe, look no further than Spain.
