Interdean Responds to New Retirement Survey

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The relocation specialists at Interdean have shared their comments on a new study revealing that the economic downturn has persuaded increasing numbers of future retirees to consider investing in property overseas.

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The number of people who would consider buying abroad has risen from 30% in August 2006 to 38% in 2013.

According to the Financial Reporter, a new survey questioning people aged between 45 and 64 and approaching retirement, demonstrates that the number of people who would consider buying abroad has risen from 30% in August 2006 to 38% in 2013. This equates to approximately 5.4 million UK residents. Furthermore, 1 in 10 respondents claimed they had definite plans to buy property overseas. 62% of those surveyed said they would continue to base themselves in the UK, using their holiday home for between 3-6 months of the year. Spain continues to be the top retirement hotspot followed by France, Italy, Portugal and Greece.

With over 50 years’ experience in assisting those moving to Europe and beyond, Interdean were interested to see such a jump in numbers since the economic downturn. A representative from the firm explains how this factor, combined with the current fall in prices of property around Europe has influenced people to buy abroad.

“The lure of a better climate and more relaxed pace of life is what often attracts future retirees to places like France and Spain, especially as they are only a short journey from home. In the past few years expats have found that overall living costs in these destinations tend to be lower, and they are also faced with lower interest rates. To lower expenses further, our advice to those contemplating retirement abroad would be to search for cost-effective international removal services such as those provided by Interdean.”

Thinking of Moving? Think Interdean

Interdean helps families, expats, backpackers, travellers and students moving overseas. Established in 1958, Interdean provides moving, storage, shipping air freight, excess baggage, visa and immigration, and full relocation services to worldwide destinations. Interdean is FIDI FAIM PLUS accredited and has over 123 offices worldwide.

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Ampreet Sandhu
Interdean
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