Having taken slightly early retirement about 4 years ago, just as the world’s financial systems entered a melt down of sorts it was with some nervousness that I looked at the future. Like many retirees I was looking at my bank balances carefully my savings and my investments, trying to figure whether it was best to put everything in to cash and if so where would be a safe bank to put it in. Even investments were not secure. As it was I decided to sit tight and not do anything to hasty.
Like a large number of people I had dreamed for a long time of retiring to a dream place in the sun. Like many I had equity in my home and as the property market recovered and things looked less bleak I started to dream again. The dream was at square one still and I new I had a lot of research to do before deciding where the best place to settle would be.
I considered many of the typical and not so typical destinations and fell in love with many of them including Belize, Thailand, Cartagena in Colombia, Mexico and Spain. See the travel page for information on some of the destinations I visited. While others have managed to settle successfully in each of these destinations one kept coming to the top of my list and ticked the most boxes – Spain.
Although my original feelings upon retirement had been that I could not have chosen a worse time to retire, by being patient and not rushing into things it enabled me to wait for sufficient time to be able to take advantage of the situation in Spain. At the time I started my search for a property many properties were priced far lower than 3 years earlier and some were priced substantially lower due to bank repossessions and the setting up of the Spanish Bad bank.
To be honest there is also a lot of rubbish out there at the moment, which although cheap are by no means bargains. You have to search carefully to find the right property and be patient and don’t get pushed in to anything. Sometimes it is just a case of being in the right place at the right time.
Even when you find the right property it is a bit of a leap in to the dark. The 18 months building up to the eventual purchase of my property in Spain Villa Mindoza did not prepare me for the the eventual purchase which I almost backed out of.
Fortunately, having now settled in the property and enjoyed the end of the summer here in Spain I am happy to say that I do not regret the decision I have made even though there were some bumps along the way, which I will write about at a later date.
There are so many considerations when moving abroad I hope my experiences and the information here about Spain, and retirement and staying healthy will help you make the right decision.