New “Best Value Europe” Report Reveals: Southern Spain Packs Affordable Punch for Retirees—

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Cosmopolitan cities, glorious sunshine, delicious cuisine, and low costs—as a retirement destination, Spain is hard to beat, according to a new report from the retire-abroad experts at

Malaga, Spain

People often assume Europe is too expensive to be a viable overseas haven for budget-minded retirees. But Southern Spain debunks that misperception.

People often assume Europe is too expensive to be a viable overseas haven for budget-minded retirees. But Southern Spain debunks that misperception, according to a new report from

This region is most famous for its beaches and resort towns, and the southern province of Andalucia, particularly the area around the Costa del Sol, is the epitome of good-value, romantic Spanish living. It offers long sandy beaches, white-washed hill towns, a sunny climate…and a surprisingly affordable cost of living.

Three-course meals for two cost as little as $22, rent can be found from $540 a month. All in, a couple can live comfortably on $2,000 a month.

It means retirees who might be forced to scrimp and save in the States in order to live comfortably on such a modest budget, could instead take their funds to southern Spain and upgrade their lifestyle in a place where the sun shines, the ocean is near, and the pace of life is relaxed and low-stress.

Marbella is the glitzy heart of this stretch of coastline, attracting tourists and the wealthy jet set from around the world. But despite its glamorous reputation, Marbella is still affordable. Two-bedroom apartments about a 10-minute walk from the town’s popular beach can be found from $157,000, and properties closer to the sea start at around $225,000.

Just a short drive from the coast, hidden among the green hills, are some of Spain’s most enchanting and affordable towns. Midas sits on a hilltop 20 minutes from Malaga. Founded in the second century, it’s held onto its traditional Andalusian atmosphere: narrow cobblestone streets, crammed on either side by whitewashed stone buildings. Many are boutiques, local artisan jewelry stores, and expat-owned chocolate shops.

Here a two-bedroom, two-bathroom apartment a short walk from the town center is available for just $92,400. Rentals are equally good value. A two-bedroom apartment in the heart of the village start at around $565 a month.

The full report on this affordable area of Spain can be read here: Beaches, Romance, and Rent of $540 a Month in Europe.

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