Spain and Portugal: paradises for a carefree old age?

Do you dream of a quiet, relaxed life by the ocean, where the sun shines year-round and the prices are affordable? Then Spain and Portugal may be the perfect place for your retirement.

A recent survey by U.S. News found that these two countries were among the top 5 best places to retire.

The study involved nearly 17,000 respondents worldwide who rated countries on seven key indicators: affordability, standard of living, quality of healthcare, safety, tax system, climate and culture.

Portugal took an honorable third place, with Spain just below in fifth position. Switzerland, known for its high standard of living and stable economy, topped the ranking.

What attracts retirees to Spain and Portugal?

Affordable Prices: Life in these countries is significantly cheaper than in most European countries. This applies to both the cost of living and the prices of food, services and entertainment.
Pleasant Climate: Warm weather, mild winters and plenty of sunny days create ideal conditions for a comfortable life in retirement.
High quality of healthcare: Both countries boast a developed healthcare system, available at affordable prices.

Rich culture and history: Spain and Portugal are rich in cultural and historical attractions that attract tourists from all over the world.
Delicious cuisine: Mediterranean cuisine, rich in fresh seafood, vegetables and fruits, is famous for its health benefits and unique taste.
Hospitality: The Spanish and Portuguese are known for their hospitality and friendliness.

Don't forget about the nuances

Language barrier: Although English is spoken in tourist areas, knowing Spanish or Portuguese will make life much easier.
Bureaucracy: Moving and obtaining residence permits can take time and effort.
Tax system: Tax rules in Spain and Portugal may be different from what you are used to, so it is worth doing your research in advance.

Overall, Spain and Portugal are great options for those who dream of a quiet and comfortable life in retirement.

Explore information about each country with the support of Mercury Group experts, weigh all the pros and cons, and you will be able to find the perfect place for a well-deserved rest.