Thursday, March 20, 2008

Britons Searching for the Best Places to Retire

Where to Retire Is Determined by the Cost of Living

Britons who are retiring are not content to sit at home and relax, according to new research.

A survey of people nearing the end of their working life found they had a number of ambitions that they wanted to pursue as soon as they begin their retirement.

Interestingly, 19 per cent of Britons said that they wanted to relocate to a new area as soon as retire.

Of those who want to move, the majority are not satisfied to stay in England or the rest of the UK. Fifty-two percent said they want to move abroad.

One of the reasons that people want to relocate is that their cost of living can go down. Indeed, according to a recent poll by NatWest, nine out of ten British expats are financially better off since relocating abroad.

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