THE PRICE OF REAL ESTATE AND YOUR RETIREMENT
The evolution of new residential property prices saw the strongest increase in Ireland (+27% in 2015 compared to 2014, after having already increased by +31.7% in 2014 compared to 2013), and in Spain (+10.6%).
The most expensive cities in Europe? London (€18,126/m2!), Paris, and far behind, Munich, Moscow, Milan, Rome, and also Lyon and Marseille.
Do you want to retire abroad, invest in real estate there, enjoy the sun, pay significantly less for your daily expenses, and still stay in Europe?
According to the Deloitte study, Portugal and Spain (despite the price increase) are still excellent choices. And don’t forget that Spain includes the Canary Islands, the islands of eternal spring.
These are countries where life is much less expensive, particularly in the Canaries, where VAT is not applied, and all goods are very affordable.
Please be aware, however, that Greece and Malta are not included in the results, and it doesn’t take detailed studies to see how cheap these countries are.