Where Would You Want To Retire?
by Ritchie Mehta (10 August 2009)
Getting the best value for money out of retirement can lead many of us to look at settling abroad, however the favourite destinations of choice for retirement may surprise.
Getting a visa to retire in a foreign country such as the US or Australia is hard work even for us Brits. The rules and procedures involved with getting a green card or residential permit are often daunting to say the least. So where else would you think about retiring?
In an interesting report on where Brits would most want to retire, Turkey is set to overtake the long standing favourite, Spain, as the destination of choice. The report published by Shelter Offshore suggests that Turkey has already seen a huge boost in the number of British tourists visiting the country. It boasts an impressive climate and the locals are said to be among the most friendly in Europe, so one can see the appeal in holidaying in Turkey.
But why stop there? With the Turkish Lira not performing particularly well against the Great British Pound and property prices still quite affordable in some parts of the country, Turkey is certainly an interesting prospect for those looking to retire abroad. So much so that the Lira, according to M&S’s Travel Money Report, is the third most popular selling currency behind the Euro and US Dollar.
The report suggests a number of other destinations that may be attractive to Brits to retire too. Poland came up as a strong contender, although it remains largely undiscovered by the tourists. It has some incredible countryside, mountain ranges and incredibly affordable housing. In addition, it is located at the heart of Europe with great links to France, Germany and the UK.
Other destinations, include those in the former Soviet Republic such as Russia. Particularly, as it is turning into one of the key global power houses in the new aged economy. Countries such as Thailand and Fiji also featured on the list as possible destinations as both these countries currencies have not gained much ground against the Pound. With so many choices available which country would you go for?