Things You Should Research Before Retiring Abroad
Aside from pondering where the time has gone when you reach the age of retirement, there is plenty to think about. Arguably one of the great milestones of your lifetime, you may be wondering exactly how you want to enjoy your retirement. For many, the thought of moving abroad is an alluring prospect and if this is on the cards for you then we’re highlighting some key things you should consider.
With so many countries to choose from, how do you know which one to choose? You may already have your heart set on somewhere specific, but even if you do, here are some pointers that can help you decide whether it’s the right choice.
What are the house prices like?
If you want a luxury sea-view apartment but have a modest budget, then it’s worth researching which places can offer more for the money. Places like Spain for instance tend to offer more affordable property prices for British home seekers.
What is the cost of living?
You’ll also want to factor in the cost of living. If you want your retirement to be filled with nights out enjoying the local bars and restaurants then researching how expensive it is to do activities like this will be important. After all, you wouldn’t want your monthly retirement budget to disappear too quickly and neither would you want to feel too restricted with your spending.
Lifestyle and pace of life
Do you want your retirement to be filled with long days on the beach, meandering along pretty streets and unwinding with a glass of wine and great food at the end of each day? Or are you after a more adventurous lifestyle that offers plenty of sporting activities and day trips to explore new places and try new things? Part of finding a suitable retirement destination abroad is seeking somewhere that offers the sort of activities you enjoy doing and that matches the pace of life you desire.
Is there a British-friendly community?
If you want to live somewhere that doesn’t feel too disconnected from your life back home in the UK, you may want to seek a British-friendly community. Countries like Spain for instance offer an array of popular areas for British expats and this can help you overcome the language barrier and help you meet fellow Brits with ease.
This is a big one. Even if you’re in relatively good health now, if you’re planning to completely up sticks and retire abroad, knowing that there is sufficient healthcare will be an important consideration. Researching exactly how you can access health services as a British expat and what costs are involved will prevent any nasty surprises or panic moments when you finally come to move. It may also influence your decision on where you want to live.
Whether you’ve got your heart set on an apartment with a swimming pool in Spain or a villa in Italy, when it comes to retiring abroad from the UK there are plenty of options. Whilst some people are relieved to finish work and can’t wait to embrace their newfound freedom, for others it may take a while to figure out what they want to do.
If moving abroad is part of your retirement plan, Reads Removals can help get you moving. We’ve successfully moved thousands of homebuyers across England and Europe.