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The Best City in Spain for Expats NOBODY Talks About | Retire in Malaga & Andalusia

To retire in Málaga is an idea that has been gaining popularity since 2020. The reduction in wealth tax added one more benefit to this place, which many consider the best city to live in Spain as an expat retiree. How does it compare against cities like Barcelona, Madrid, or Bilbao? Why the cost of living in Malaga and Andalusia is so low? We answer all that, and also present some interesting alternatives for retirement in Spain, like Torremolinos and Rincón de la Victoria. Win for free the Ebook "Moving Abroad: What I Wish I Knew Before Sitting on a Plane" by subscribing to our list here: https://bit.ly/win-ebook 💡Subscribe to ‪@the_expat‬, we upload new episodes every week! Video-based on this article: For traveling, I recommend these 3 providers that I personally use: ⚕️Travel insurance: Ekta https://ektatraveling.tp.st/8C2dGJXE ✈️Airline, hotels, and train tickets: CheapOair https://cheapoair.tp.st/QYxto0v2 📸Tours, museum tickets, and fantastic attractions: Viator https://viator.tp.st/Gqsg96gg 🧳 Luggage storage all over the world(never walk with your luggage around!): Radical Storage https://radicalstorage.tp.st/DCGYzdBe Subscribe to our channel (it is free)! Planning to move abroad? Read one of these 3 📚books BEFORE: 📚 1 - https://amzn.to/3UkgWUn 📚 2 - https://amzn.to/3U6gacp 📚 3 - https://amzn.to/441oWwJ ➡️X: https://x.com/an_expatriate 📚Best-selling books about living and traveling abroad @ Amazon https://www.amazon.com/Levi-Borba/e/B... ➡️Podcast "The Expatriate": https://www.spreaker.com/podcast/the-... 🚨 QUESTION - Which country or city you would like us to talk about? 🔴 ** ABOUT THE CHANNEL ** From ten years living as an expatriate in the Middle East, South America, and Eastern Europe, to facts from reliable sources. Straightforward, no-nonsense guides for every expat. Some of the links posted and mentioned may be affiliate links, meaning that the author will have a commission for any transaction. 💡 TOPICS IN THIS VIDEO 💡 best places to live in andalusia, best places to live in malaga, cost of living in malaga, how to retire in spain, living in malaga, moving to malaga, retire costa del sol, retire in malaga, retirement in malaga, retirement in spain, retiring in malaga spain, rincon de la victoria, torremolinos, wealth tax in spain, where to live in malaga, where to retire in spain 🔎 EXCERPT 🔎 Have you ever thought about retiring to a place where the sun shines almost every day? The cost of living is half of the cost of Florida, and 60% cheaper than London, England And this place is safer than ANY state in the US (it is even safer than Maine) After taking the opinions of numerous locals and other residents, I discovered why Malaga, and the region of Costa del Sol in Spain, became such an attractive destination for expat retirees. And today you will discover all these reasons - some of them never crossed my mind BUT… At the end of this video, I will also tell you an essential aspect to consider if you ever thought about retirement in Spain So with no further ado, let's jump into the reasons that make Malaga an insanely good cost-benefit for retirement abroad. And here is a tip: It is not only about the sun, or only about the cost of living. It goes way beyond that, and the first positive aspect we will talk about is proof of that It is that in 2022, the autonomous community of Andalusia, where Malaga is located, introduced several tax benefits for foreigners and residents. They implemented a 100% rebate on the wealth tax, effectively eliminating this tax for residents and non-residents who have assets in the region. Their idea is to attract more high-net-worth individuals to establish their residence in Andalusia Andalusia also reduced other taxes, like inheritance tax and property transfer tax. For example, imagine that you buy a house in Andalusia, and then your children inherit it later. If the house costs less than 1 million euros, they will not pay ANY inheritance tax. Remember that these incentives are valid only for Andalusia. In other parts of Spain like Madrid or Barcelona, the tax code is different. The second positive thing about this region is the private healthcare.

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