We live in a world that is ever-increasingly defined by change and adaptation. At no time has this been more apparent than during the socio-economic problems encountered over the last five years. Companies have outsourced or downsized, wages can hardly keep up with rife inflation and there may be fewer domestic prospects for employment than in the past. Therefore, it should come as no surprise that many individuals are considering a move abroad. In particular, Spain has become an attractive option for countless expats who seek a change and a future that they may not find at home. Let us have a brief look at why expats should consider a move to Spain.
Cost of Living
This is one of the primary advantages that moving to Spain can provide. We must initially take into account the Euro/Pound ratio. Those who initially relocate to Spain will see their domestic money go much farther than it would in the United Kingdom. Furthermore, the prices for everyday essentials such as food, drink and petrol are considerably cheaper. Finally and due in no small part to the global crisis, housing prices have fallen by over one-third in some regions, thus making a purchase or rental very much a reality.
It would be remiss not to mention that the Spanish climate offers much more than the weather patterns in the United Kingdom. In many regions, particularly in the Mediterranean, the sun is shining throughout most of the year and is accented with agreeable temperatures. However, the importance of this fact goes far beyond comfort alone, it has indeed been shown in studies such as this one that an increased amount of sunlight leads to lower incidences of depression.
A Return on Your Investment
When speaking from a longitudinal point of view, Spain offers the ability to secure a financially sound future. For example, many expats have taken to the habit of purchasing a property in Spain for the sole purpose of a projected increase in future value. Although this could hardly be argued a few years back, the Spanish property market has hit a rock-bottom low. Thus, those who are considering purchasing a property at the present are much more likely to see the value of this holding increase over time.
These are just a few factors that are continuing to attract the attention of expats looking for a profound change of venue.