News
Moving overseas is 'a more serious consideration' for retirees
Wednesday 25 June 2008
As rising household bills and soaring petrol prices put pressure on homeowners, retiring abroad is reportedly becoming an option for some.
The Saga Group, which provide services for the over-50s, has said that moving to countries such as Australia is becoming "a more serious consideration for people".
Lisa Harris, spokesperson for Saga Travel Money, said: "The dream of retiring abroad has clearly become more realistic. House prices in the UK have increased significantly over recent years and many people sell houses in the UK and downsize at retirement or release equity from their main homes which gives them the funds they require to buy a property abroad."
Ms Harris explained that the comparative cost of living in areas such as Australia make moving abroad a more attractive option for some.
Australia also makes sense for those looking to get the best return on their property investment.
Whilst house prices have been falling in many countries, the latest Global Property Guide reported strong house price gains in Australia.
With an economy that has achieved uninterrupted economic growth from 1992 to 2007, increasing by 3.6 per cent on average, Australia remains an attractive option.
The Saga Group, which provide services for the over-50s, has said that moving to countries such as Australia is becoming "a more serious consideration for people".
Lisa Harris, spokesperson for Saga Travel Money, said: "The dream of retiring abroad has clearly become more realistic. House prices in the UK have increased significantly over recent years and many people sell houses in the UK and downsize at retirement or release equity from their main homes which gives them the funds they require to buy a property abroad."
Ms Harris explained that the comparative cost of living in areas such as Australia make moving abroad a more attractive option for some.
Australia also makes sense for those looking to get the best return on their property investment.
Whilst house prices have been falling in many countries, the latest Global Property Guide reported strong house price gains in Australia.
With an economy that has achieved uninterrupted economic growth from 1992 to 2007, increasing by 3.6 per cent on average, Australia remains an attractive option.
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