Spain is still the most popular country for British people to retire despite the current crisis in the eurozone and those choosing to move there can buy property at a bargain price.
Spain continues to dominate as the destination of choice with France, Ireland, Cyprus and Australia also making it into the top five, a study by annuity provider MGM Advantage shows.
Spain has been voted the number one retirement destination on a number of occasions and it's easy to see why.
‘Certainly the weather is a major factor in people's decision making. Health too is without a doubt of great importance to this age group and Spain has an excellent healthcare system, although many overseas residents choose private healthcare to skip the queues,’ he explained.
He also pointed out that the strength of sterling against the euro has presented lucrative opportunities for British buyers today to purchase their ideal home in Spain for less.
However, it is not just Spain's most loyal holiday makers, the Brits who are buying second homes, German's are beginning to re-enter the market. ‘Germans have a long history of buying Spanish property. At one stage there was a dip but now this trend is reversing as Germans begin to invest in the nation once again especially on Mallorca.
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