Spanish Residency Benefits Include a Lower Cost of Living

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What do you look for in a Residency by Investment programme? Perhaps you’re after a bit more bang for your buck, to receive more value when you make regular purchases? If so, read on to discover how Spanish Residency benefits include a lower cost of living.

The Cost of Living Overseas Index 2024

This index analyzes the cost of living in the 13 most popular countries for expats. So, it compares prices across Australia, Canada, Cyprus, Germany, Greece, Ireland, Italy, New Zealand, Portugal, Spain, the UK, and the US. Spain, Italy, and Portugal were the cheapest countries, and New Zealand, Australia, and the UK were the most expensive across categories including the key ones below.

1. Supermarket Savings

When shopping for essentials, your average bill will be about €60. That’s half the price of the median spend in the UK. Whilst the range is smaller, markets offer fresh produce grown on Spanish soil at a bargain price.

2. Healthcare Deals

Going to the dentist? Buying nappies or stocking up on paracetamol? Along with purchasing tampons, they’re all cheaper in Spain with an average saving of €10.

3. Going Out Giveaways

A three-course meal in a traditional no-frills restaurant costs a mere €17,50. Look out for the lunchtime money-saving hack of a menu del día, a set lunch that all eateries offer that can be as low as €10. A trip to the cinema retails at under €10.

The View From RIF Trust

Our COO, the Galician-born-and-bred David Regueiro knows all about Spanish Residency benefits. “When you’re estimating costs in Spain, round down rather than up,” advises Regueiro.

 “If you’re paying in cash in Spain, you’ll enjoy the reassuring jingle of loose change in your pocket.” “The savings you can make with an Iberian base explain why Spain is such a family-friendly country.”

How to Take Advantage of Spanish Residency Benefits

Before you can enjoy the advantages of Spanish Residency, you’re going to have to invest in a Spanish Golden Visa. We’re European Residency by Investment specialists and can walk you through every step of the application process. So, don’t delay and contact RIF Trust today.