UK pensioners are migrating to Spain for retirement in large numbers. Over 74,000 British pensioners now live in Spain full-time. They are attracted by factors like the warm climate, low cost of living, and expatriate communities. Many settle in purpose-built housing developments along the Costa del Sol.
This migration benefits both the UK and Spain. For the UK, it relieves pressure on housing and reduces social services for the elderly. However, it also results in loss of experienced workers and grandparents for families. For Spain, it boosts the local economy through increased spending, but also places burdens on infrastructure and healthcare systems. Managing this cross-border migration presents challenges for both countries.