4. Spain

Spain is an ever-popular retirement destination for Europeans. Some go for the golf and Mediterranean beaches, with their 320-plus days of sunshine. For others, it's fiestas, flamenco and dreamy Moorish architecture.<br>
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The cost of living is another attraction. Even for those on fixed pensions, eating out doesn't have to be an occasional treat. Not when you can get a three-course meal with a bottle of wine for $14.<br>
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Spanish health care is good, but North American retirees will need private insurance. Annual premiums with a Spanish provider are likely to be around $1,500 for 55- to 60-year-olds, depending on medical history.<br>
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In seaside towns such as Torrevieja, you can pick up a two-bedroom garden condo for less than $100,000. Many expats initially rent. A one-bedroom apartment in a complex with a pool in Benalmadena on the Costa del Sol is $625 monthly.<br>
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But on the Costa Almeria, even town houses are advertised for about $400 monthly.

( Andrea Pistolesi )

Spain is an ever-popular retirement destination for Europeans. Some go for the golf and Mediterranean beaches, with their 320-plus days of sunshine. For others, it's fiestas, flamenco and dreamy Moorish architecture.

The cost of living is another attraction. Even for those on fixed pensions, eating out doesn't have to be an occasional treat. Not when you can get a three-course meal with a bottle of wine for $14.

Spanish health care is good, but North American retirees will need private insurance. Annual premiums with a Spanish provider are likely to be around $1,500 for 55- to 60-year-olds, depending on medical history.

In seaside towns such as Torrevieja, you can pick up a two-bedroom garden condo for less than $100,000. Many expats initially rent. A one-bedroom apartment in a complex with a pool in Benalmadena on the Costa del Sol is $625 monthly.

But on the Costa Almeria, even town houses are advertised for about $400 monthly.

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