Prospective expats have revealed their dream retirement locations around the world – and Spain is the top choice.

Overseas property experts at YourOverseasHome.com surveyed their customers to find out, if money and logistics were no object, where in the world they’d love to retire.

Many people dream of retiring abroad, mostly in the hopes of a warmer, sunnier lifestyle where their pension goes further.

So will it be a tropical beach, maybe a desert island? Somewhere in the Caribbean or the South Seas perhaps?

Nope. According to Your Overseas Home’s new data, most people who took the survey from London said that Spain ticked all of their boxes, as almost four in ten named the mainland or its Balearic and Canary islands as their dream retirement location.

Londoners chose Italy as their second favourite, followed by France, Cyprus and Portugal.

Christopher Nye, senior content editor at Your Overseas Home said: “Retiring overseas has never been more popular. As 65 has become the new 50, people are realising that a move to a warmer, more relaxed lifestyle in the sun is an incredible opportunity for fun and adventure in later life. Post-Brexit procedures have been simplified, making a move abroad easy and cost-effective and a UK pension goes a lot further in most of our favourite overseas locations.

“So we decided to see where exactly people were dreaming – or even planning – to move to in their retirement. Spain came out on top as the number one choice for nearly 40% of respondents in London.

“It shows that exotic isn’t the biggest selling point. Spain has all the advantages of warmth, sunshine and lower cost of living, but it’s easy to reach all year and has an amazing social life waiting for you too, in its friendly expat communities.”

Here are Londoners’ top five dream retirement locations around the world:

Spain (incl. Balearic and Canary Islands) – 37.5%

Italy – 25%

France – 12.5%

Cyprus – 12.5%

Portugal – 12.5%