Retirees in the Canary Islands

Fuerteventura, Gran Canaria, Tenerife, and Lanzarote are the most popular islands not only for Italian retirees in the Canary Islands , but especially for Germans, Englishmen, and French.

Not only the climate of the islands of eternal spring is an accomplice to this phenomenon, but also the taxation in the Canaries .

Thanks to the numerous tax advantages and the mild climate all year round, retirees in the Canary Islands continue to grow in number .

And thanks to taxation in the Canary Islands , pensioners can get to the end of the month more relaxed after many years of hard work.

Living in the Canary Islands is the dream of many, but many wonder: what is it like to live in the Canary Islands?

The perfect climate, breathtakingly beautiful landscapes, breathtaking beaches, and unique attractions are what draw so many to a cruise holiday in the Canary Islands.

But when you decide to move to the Canary Islands you also get to know the culture, tradition, and generosity of the uniquely simple Canarian people.

Living in the Canary Islands means enjoying everything they have to offer, as well as an extraordinary welcome.

Is it still worth moving to the Canary Islands?

Moving to the Canary Islands to enjoy retirement in a more favorable environment is an increasingly popular choice among Italians. 

Although housing prices have risen in recent years and the cost of living is following this upward trend, retirees in the Canary Islands have many advantages.

These islands offer a climate considered among the best in the world, allowing for significant savings on heating costs.

Furthermore, the absence of gas and the predominant use of wind energy for electricity help to further reduce energy costs. 

Even winter clothing , such as coats and heavy shoes, is not necessary in this mild climate, leading to further cost savings.

As for accommodation , renting a two-room apartment by the sea can cost up to 1,000 euros, a figure sometimes higher than the average salary of a local resident. 

However, moving inland, prices become more affordable and good deals are frequent, thanks to a large and varied real estate market.

The health sector represents another strong point for retirees in the Canary Islands because:

• the cost of drugs is significantly lower
• All visits and tests carried out through the national health system are free and you don’t pay anything

The local environment is very safe, with low crime rates, which allows retirees in the Canary Islands to lead a peaceful daily life.

However, there are no highway tolls, the cost of gasoline is lower, and the road infrastructure is in excellent condition, keeping transportation costs low.

A key aspect for pensioners in the Canary Islands is the taxation of pensions .

By transferring your pension to the Canary Islands, you can benefit from a lower tax rate than in Italy, resulting in a higher net pension.

Social life in the Canaries is lively and cheaper than in Italy, and the Canaries are known for their courtesy and local civility:

• cars stop to let pedestrians pass well before they reach the sidewalk
• Cleanliness and order are the norm, with flowerbeds and flowers beautifying the streets

In short, retirees in the Canary Islands can simply enjoy an improved quality of life with numerous economic and social benefits.

What did pensioners in the Canary Islands answer to our questions?

Our editorial staff has repeatedly asked pensioners who have moved to Fuerteventura the reasons for their move and almost all of them have answered us like this:

• The first thing that struck us was the climate 
• Finally, with our pension we can do what we couldn’t do in Italy.
• In Fuerteventura the pace is slower 
• There is no need for gas on the island
• Water and electricity bills are no longer a problem
• Life costs less, even if living at Fuerteventura now is not like it was years ago
• We can spend more time outdoors
• Absence of crime and pollution
• The will to remain in Europe and in the European Community
• The Spanish language is very similar to Italian
• The roads are in excellent condition and there are no highway costs to pay.

Not all retirees in the Canary Islands , however, decide to move to Fuerteventura for the reasons listed above.

There is a large percentage who follow children and relatives  who already live on these islands and subsequently consider the possibility of moving permanently.

There are many destinations, offering all kinds of benefits to retirees, but the Canary Islands are the preferred choice for retirees from many European countries.

Naturally, what most attracts European pensioners is the taxation in the Canary Islands , which is lower than in all of Europe.

In the Canary Islands, pensioners can enjoy life in different ways such as:

• make friends with people who share the same interests and spend free time together
• relax on the most beautiful beaches in the Canary Islands , without having to spend anything
• do outdoor activities and in Fuerteventura retirees can enjoy the clean air of the island Biosphere Reserve
• the cost of living in the Canary Islands , significantly lower than in Italy, allows you to travel between the islands spending little ( residents of the Canary Islands have greater discounts)