Ever considered settling your retirement abroad?

Dreaming of your retirement plans? Would you take your retirement out of the country? If you contemplate the reasons on why people would love to retire overseas, the key factors would be; the weather, overall cost of living, and quieter and more peaceful areas to relax. You can embrace your new culture, new surroundings and have the ability to relax in a new environment.

Think about the improvement in overall weather temperatures. You could move away and escape overseas into the sunshine? Eliminating all the days of bad weather and embracing the heat when relaxing, is definitely something people would like to cherish and make the most out of.

Moving overseas for your retirement would be a dream come true, according to research from holiday home insurance company Schofields Ltd. More than half of people, 61% said life seems a better pace of life. 59% of people suggested the way of life is more affordable. Overall, 57% of people would contemplate moving across seas and settle their retirement.

It’s quite clear, hot sunny summers plays a major part into this statement. Supporting the idea, it was said, that it was more affordable to maintain day to day living costs.

Benefits of living abroad:

Hot weather
Newer surroundings/environments
Beautiful sea and beaches
Embracing the surroundings and exploring the culture
Different foods and drinks to try
Pick up the local language

Travelling is such a vital share of life, there are lots of stunning sceneries, cultures to embrace, opportunities to learn new languages and to gain experiences everywhere around us. There is so much to see out in the world, for some, settling their retirement abroad is a must do essential.

If you’re thinking of settling down and moving abroad, where would you go? Understandably where the sunshine is, but have you ever considered the financial side of things, when you’re considering the big leap? The best value for your money of where to settle, is places like Tenerife, Lanzarote, and Rhodes.

Overall, most places in Spain and Greece have shown a reduction in house prices. Currently they’re more than 100,000 British pensioners living in Spain, and the numbers are rising as time goes on.

Not only is this beneficial to you as you’ll be soaking up the sunshine, going swimming, taking on new environments and meeting other fellow Britons and locals. But you could also be getting better for your money. It’s shown in cheaper travelling costs, being a reduction of over 35% compared to the UK. This could possibly be a cost effective move on your half, as well has the benefits with the hot temperatures.