Spain, the world's second most popular destination last year, has ranked sixth in a list of 10 best retirement destinations in a report released by Ireland-based magazine International Living.
The 2025 yearly worldwide retirement index assesses elements including accommodation, visa policies and perks, expenses for daily life, medical care, weather conditions, progress indicators, government performance, and popularity ratings.
As stated in the report, Spain welcomed an unprecedented 94 million international visitors last year, making it the globe's second-most visited country following France. Reuters stands out as a leading choice for retirees because of its security and outstanding medical facilities.
Retirees from abroad can relish calm nights and engaging discussions with their peers without worrying about gun violence, political strife, or the need for a vehicle, it noted.
If you decide to live in Madrid, which ranks among Spain’s priciest cities, expect to pay roughly €850 ($911) monthly for a studio apartment, plus about €100 ($107) extra each month for utility bills.
Nevertheless, more budget-friendly choices can be discovered in lesser-known urban areas and near the coastline of the Mediterranean Sea. The report mentioned that in the coastal town of Alicante, fully equipped studio flats begin at approximately €750, whereas in Albufereta Beach, sea-view studios have a rental price of about €850 ($911).
The Spanish healthcare system is also a significant attraction, providing comprehensive coverage for all medical requirements without any deductibles and only nominal copayments.
Apart from healthcare and cost-of-living considerations, Spain presents varied climates and ways of life. With their 300 sunny days annually, both the Mediterranean and Atlantic coastlines offer seaside living.
The nation offers lenient visa regulations for retirees, featuring automatic issuance of permanent residency visas following a period of five years, along with teleworking visas that can be valid for up to three years.
According to the report, Spaniards are renowned for their warmth, their keen interest in American culture, and their eagerness to practice English, which enhances Spain’s appeal as an attractive destination for retirees.
Panama topped the list as the premier retirement haven according to the index, with Portugal and Costa Rica coming in second and third respectively. Also featured were nations such as France, Mexico, Greece, and Italy.