World’s cheap­est places to re­tire

The Daily Telegraph - Property - - Front Page -

As any­one ap­proach­ing re­tire­ment age will tes­tify, there are two quite dis­tinct ques­tions with which one con­tin­u­ally grap­ples. First, where would I like to re­tire? Cue fan­tasies about French chateâux, vil­las in the Caribbean, in­fin­ity pools in Bali, and me­dieval palaz­zos with views of Florence. Sec­ond, where can I af­ford to re­tire? This a far more pro­saic line of in­quiry, lead­ing in­ex­orably to a bun­ga­low in Swan­age or a flat above a fu­neral par­lour in Tor­re­moli­nos. That is, of course, as­sum­ing that re­tire­ment re­mains a pos­si­bil­ity. The Gov­ern­ment now says it wants to in­crease the av­er­age age at which we down tools by six months ev­ery year.

My Aus­tralian wife and I live in Ox­ford, but fre­quently drive through south-west London. “Could we af­ford to live here?” she asks, in her in­no­cent way, as we pass mul­ti­mil­lion-pound prop­er­ties in Barnes or Wandsworth. I give a bit­ter laugh and tell her that semis in In­ver­ness are said to be sur­pris­ingly af­ford­able at the mo­ment. Ditto, Sene­gal. Ditto, parts of Siberia.

As­sess­ing your pri­or­i­ties as you near re­tire­ment age is one of the most com­pli­cated jug­gling acts you will ever have to per­form. Sell­ing up in the UK and buy­ing a re­tire­ment home thou­sands of miles away is rarely prac­ti­cal, ex­cept for those with few or no fam­ily ties. But can you live well on a mod­est pen­sion in an agree­able lo­ca­tion? In an at­trac­tive prop­erty for which you have not had to pay a for­tune? Yes and yes.

Here are 20 places where prop­erty prices are ridicu­lously low com­pared with Eng­land and where day-to-day liv­ing costs are cor­re­spond­ingly mod­est. You may have

Plain sail­ing: Hon­fleur in Nor­mandy of­fers prop­er­ties you can drive to from the UK

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.