Picture a sun-drenched, white house with a shady courtyard, perched on a cliff-top site in Spain. With the deep blue sea beyond, and an olive grove nearby, it’s the stuff of which fantasies are made.
Beaches…mountains…fabulous cities…cracking festivals, and, of course, guaranteed sunshine. It’s not surprising that Spain is the most popular country for Europeans seeking a home overseas.
There’s far more to Spain than golf courses and a concrete sprawl of look-alike apartments. Venture a few miles into the Andalucian hinterland, into the far west, along the Bay of Biscay and along the Costa de la Luz and Costa Azahar. The “real Spain” is waiting for you.
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- Population: 47,370,542
- Capital City: Madrid
- Climate: Temperate; clear, hot summers in interior, more moderate and cloudy along coast; cloudy, cold winters in interior, partly cloudy and cool along coast
- Time Zone: UTC+1
- Language: Spanish
- Country Code: 34
At 2,800 years old, Málaga is one of the oldest cities in the world. Founded by the Phoenicians in about 770 BCE, it’s been inhabited by half-a-dozen major civilizations since then. As a result, it offers plenty for the history buff. Just past the Roman amphitheater is the Alcazaba, the medieval Moorish quarter. And you can take a bus up to the Gibralfaro, the Moorish-era fortress sitting above the city that offers one of the best views around.
Happily, the best of the “old” Málaga remains, as well. The sun still shines, there are miles of seaside, winter temperatures are balmy (days average 63 F in January), and sea breezes still blow off the Mediterranean, cooling the hot summer days. And Málaga is still cheerful and vibrant, oozing its trademark Andalusian charm. Best of all, it remains a very Spanish city, even in the prime tourist areas. So if you enjoy big-city life with laidback charm and a side of seashore, give Málaga a whirl. You can even get by in English.
We typically see Path of Progress opportunities in places that are on the up…we usually discover distressed opportunities by finding high-quality inventory somewhere that’s broadly in crisis. It’s rare that we see the convergence of both these trends—but today that’s the opportunity we have along a stretch of Spain’s Costa del Sol. San Pedro is a pleasant sleepy Spanish town of leafy squares and pedestrian streets. Marbella is 12 minutes away (by car…25 minutes by public bus).
As an antiques enthusiast, I like to ask dealers with different areas of expertise what’s hot and what’s not. A Spanish buff told me recently that Spanish Civil War memorabilia, once considered inappropriate and politically embarrassing, has now become collectible. Spain doesn’t have a great tradition of preserving reminders from its recent past. The Civil War was a complex and tragic period in the country’s history that divided families and set brother against brother.
Twenty years ago, when I first visited Málaga, it was the ugly stepsister of Spain’s Costa del Sol: a little scruffy and down-at-heels (though with gloriously sunny weather and a seaside location). So it was pure pleasure to return last summer and find it transformed into a Cinderella: one of Spain’s most livable—and affordable—cities for coastal living. Today’s Málaga is clean and bright, with a pedestrian-only city center and a revamped harbor area that is a joy to stroll. The city is brimming with museums, great dining, and plenty of shopping to suit all tastes and budgets.
This morning, I awoke to bright blue skies, crisp autumn air, and the slow, muted clanking sounds of cows wearing big metal cowbells and moving down the street just outside my window. You see, today I am living in a small town in the Swiss Alps. It’s October, which means the farmers are bringing their cows down from the high altitudes and into the low fields and warm barns for the winter. The air smells faintly of fields and campfires. And aside from the bells, all is quiet.
Penny Hierons didn’t think she was capable of learning another language. Now she makes a living as a Spanish-to-English translator…and she lives on the beautiful southeastern Mediterranean coast of Spain. “I assumed I just didn’t have the bit of the brain that involved doing languages because I’d never shown any inclination or talent for them. But that wasn’t true.”
Semi-retired and up for adventure, my wife Char and I have been traveling in South America for the last 11 months. We’ve rented a car for seven weeks to explore Chile; trekked in Patagonia; lived and cruised for one month in the Galápagos; ridden horses into a remote valley similar to Yosemite; hiked over a mountain pass to Machu Picchu; attended a gaucho festival (cowboys showing off their stuff); explored a remote Peruvian jungle; hung out in a grass shack on a beach; learned to cook Peruvian food; taken kitesurfing lessons; swam with baby sea lions; and cheered at soccer games.
Eileen McRae has lived in Spain three times. And during those trips her Spanish has gone from passable…to conversational…to fluent. It has allowed her to play basketball with a local team, visit Spanish friends in their own homes, and pick up a job as a nanny.
Rodney Evans’ tale of wanderlust includes midnight buses through Tijuana, Mexico…traveling around Europe and the Americas, making friends and playing music. Along the way he taught English in Spain and elsewhere. If you like Europe and its history…its romance and culture…then where better to base yourself with a live-anywhere income like teaching English than Spain?
Café con leche is the typical Spanish coffee. Now you could head to the American-style shop a few blocks from my apartment for a $7 plain coffee. However, I prefer the local café where you can sit outside on the cobblestone patio and sip leisurely while people watching.
It’s 1 a.m. and I’m sound asleep in bed when I hear a big boom. I’m startled awake, so I jump up, grab my robe, and run onto our giant balcony that overlooks the Mediterranean Sea. Directly in front of me the moon is shining bright and sparkling off the water.
Spend any extended amount of time in Spain and you’ll likely walk away having learned two of life’s important lessons: how to live in the moment and how not to sweat the small things. Spaniards are famed for their friendly and relaxed attitude, and their commitment to always putting family and friends first means life becomes fabulously freewheeling.
To some folks, home is a place on a map or a house filled with memories and possessions. But for Ellen and Hank Barone, “home, it turns out, is something internal and portable. We’ve traveled to all 50 states and six continents and are curious and comfortable in the world,” says Ellen. “So in 2011, when we began looking for a new place to live—it wasn’t restricted to the U.S.”
Salud! Ching, Ching! These three words are so simple, yet they hold so much meaning. Friendship, happiness, and a lifetime of health—that’s what we toast to as we raise our sparkling Catalan cava to the blue sky. A refreshing glass of sparkling wine is just what the doctor ordered to celebrate this sunny day with friends in Sitges.
I’d probably been trying to learn Spanish for a good year or more before I had a sudden realization that dramatically and instantly changed my attitude—and had me picking up new words faster than ever.
Spain is one of my favorite countries. It’s both a fascinating destination to visit and a great place to live (and I’ve done both). So when people ask me what’s so great about Spain, I can list a lot of advantages off the top of my head. But to get you started, here are my top five reasons why Spain is a great place to live:
I arrived in Alicante planning to stay just a few months, thinking I’d wait out Spain’s scorching summer months here beside the city’s languorous stretch of Mediterranean coastline, a chance to relax and recharge before returning to a larger city. My German landlord eyed me dubiously. He’d moved here almost a decade ago, planning to stay just one year.
I’ll admit it: I’m a sucker for traditional food markets. I seek out farmers’ markets in the U.S. and traditional food markets when I’m abroad. Belize, Mexico, Peru, Ecuador… I’ve explored markets in all these countries, thrilled at the colors, the smells, and the variety of wares, many of them exotic local fruits, vegetables, and more. And, of course, I’ve explored many markets in Spain.
I go to Spain whenever I get the opportunity; this is my third vacation there in the past five years. This time I’ll head to the North of Spain…to the little-known but very affordable region of Galicia. Previously, I’ve visited artistic Barcelona, historic Seville, and sun-soaked Malaga…three cities with their own distinctive characteristics, appeals, and benefits—and I’m anxious to follow up this vacation with another soon, to picture-perfect Valencia, the bull-running city of Pamplona, and the traditionally preserved hillside towns of Cuenca and Ronda.
With almost perpetually sunny weather, glittering stretches of Mediterranean coastline, and a relaxed, easygoing lifestyle, Spain has long been a favorite playground for Americans on vacation. But plenty of business-savvy Americans are extending that vacation into a way of life, and making a prosperous living here, too. In a country where even the Prime Minister struggles to speak English, locals are only too aware of the need to improve, meaning native speakers can easily find work as English teachers and translators.
Pundits are divided on whether Spain’s property market will see further price falls. A huge overhang of unsold homes remains, but for the first time in seven years, sales in Málaga province showed an increase in 2013. Spain will always be a popular retirement destination for northern Europeans, and the number of U.S. citizens registered as living in Spain has increased, too.
Ten years ago American health professional Jonathan Ahladas left Springfield, Massachusetts to make a new home in the Spanish capital, Madrid. He’s still glad he did. “In the States your routine is going to work, taking the car, driving home, and then you’re home for the rest of the day,” says Jonathan.
“I love the stimulation. Every time I take someone on a tour I learn something new about places I’ve seen hundreds of times before.” So says Helene Kahn who has loved Mexico since she was 10 years old. Now she lives in the artistic hub of San Miguel de Allende and gets paid for something she loves doing: showing people around her adopted country.
It’s a little embarrassing to admit but…I knew barely a word of Spanish last year when I arrived in my new home in Spain. I had plenty of time to prepare for the impending relocation but I’d busied myself working full-time and, like lots of other native English speakers, the few Spanish classes I did take just didn’t seem to stick.
Most North-American tourists to Spain visit Madrid, Barcelona, and perhaps Andalusia’s Moorish Triangle—Seville, Córdoba, and Granada. Relatively few get over to Valencia, the Mediterranean-port city that is Spain’s third-largest metropolis. And that’s a shame. Because Valencia has a lot to offer, as I recently had a chance to discover.
On a crisp, cool morning I met several Spanish friends next to a golden brick church in Salamanca, Spain. We were on our way to tour a bodega, a local winery, in Castile Leon. After a tour of the facilities, a cozy dining hall with dark-colored wood and long tables bedecked in white linen awaited. This homey room had been set aside just for the group to try more wines not available at the tasting, accompanied by rich, savory Spanish cuisine.
Steeped in memories of Moorish Al-Andalus, the narrow streets, shady gardens, and stunning architecture of Granada make it one of Spain’s most iconic cities. In the Realejo, the old Jewish quarter, a refurbished 913-square-foot apartment close to Campo del Príncipe (which has some wonderful tapas bars) is reduced from $162,000 to $134,000.
Two kisses: one on the right and one on the left. That’s how friends, relatives, and even acquaintances greet each other in Spain. It’s a daily reminder of how warm, friendly, and gentle the people are here. And that’s the best part about living in the land of the setting sun: the Spanish people are amazing.
If you’ve ever ordered fried anchovies and a glass of nuttily-sweet sherry at 10 a.m., did people stare at you like you’d gone mad? If so, then you should move to Arcos de la Frontera—a small white town clinging to the hills of Andalucia in southern Spain. (If not, you should still think about moving there…)
Thanks to Europe’s financial and economic crisis, you’ll find some of the best real estate values in the best parts of Europe right now—and some of the best opportunities to profit. Specifically, the deals are to be found in Ireland, Portugal, and Spain. These places were hit hard by the crisis—and pricings finally reflect that.
When it comes to hedging against dollar debasement, few things have performed better than gold. Holding some physical gold might just qualify as the very definition of “preparing for the worst.” But even though the historical case for gold is strong, the raw supply/demand case for platinum and palladium might be even stronger.
What’s not to love about cultural riches and cobbled charms? Throughout most of Europe, the property market remains in the doldrums, which means you can find bargains. From the Atlantic to the Mediterranean…from Ireland to Greece, there’s a tempting array of move-into properties that will leave you change from €100,000 ($137,000).
It’s called the “Old World” for a reason, and despite two world wars and decades of development, history is evident in the architecture of Europe. You can stroll cobbled streets where lords and ladies once rushed to galas, climb castle steps in the footsteps of armored knights, and explore villages preserved for 500 years or more.
Just walking down Málaga’s Calle Larios can lift the spirits. This pedestrian-only street at the heart of Málaga’s historic center is lined with shops and cafés that draw the eye. Overhead, several stories up, canopies strung across the street shade you from the bright Mediterranean sun.
I ’m putting my three-day weekends in Europe to good use. I’ve visited Germany, Britain, Belgium, Ireland, Sweden, Portugal, and the Netherlands…all from my Spanish base in the beautiful city of Salamanca in the region of Castile and Leon. Everywhere I go, I seek out cheap places to stay, eat, and play. I love traveling and my job gives me the opportunity to do so while still making some money.
Visit the old royal capital of Kyoto, Japan, the weekend of June 1 for Takigi O-Noh to celebrate Japan’s ancient musical-theater traditions at the city’s Heian Jingu Shrine. Burning torches illuminate the stage and the costumed performers. Across the East China Sea, the Dragon Boat Festival in Xiamen, China, falls on June 2. Gorge on sticky-rice snacks, watch the race, and place a rice parcel in the water in memory of ancient poet Qu Yuan.
You’ve just weighed anchor on another night of bliss, lulled to sleep by the gentle rocking of your sailboat in the calm sea. Before you is a small cove lined by craggy cliffs. Clear blue waters end at a white-sand beach. You’ve had it all to yourself for the last week. It was supposed to be just an overnight stop. But it was so beautiful, you decided to stick around. After a quick dip, you’re enjoying a cup of coffee and a light breakfast on deck as you contemplate which island paradise you’ll go to next.
Five months ago I spent two weeks scouting through Thailand—most of that was spent in Chiang Mai, for that is where the opportunity lies. This is a complicated market, as I explain in a special edition of Real Estate Trend Alert—ready to download here.
In this special edition, you’ll also discover… How to profit from inefficient markets… The condos in Medellin, Colombia that you should avoid… And lots more…
Six months ago, Lester Herrera, 31, was unemployed in the San Francisco Bay area…a victim of “down-sizing”, despite having a business degree from USC. He had been laid off from a non-profit organization where he worked as a career counselor. After several attempts at finding another job, he decided to retire early…to Spain.