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Brits shun retiring to Europe

New research reveals post Brexit boom in demand for retirement housing in UK as concerns rise about retiring abroad

According to housing and care provider Anchor, some 45 per cent of people aged 50+, are now less likely to retire abroad.

And of those previously considering leaving the UK to retire in Europe, 41 per cent are now less likely to following Britain’s decision to leave the EU.

In the nine months since the referendum, Anchor reports an increase in the number of people inquiring about their retirement properties; some 641 per cent increase on last year’s figures.

The residents at one of Anchor’s retirement properties, Keble Court in Hampshire, have even dubbed the community ‘Costa del Keble’ to add a bit of Spanish charm and welcome the 41 per cent of retirees that are reconsidering a retirement overseas. 

Anchor’s research also captures the post-Brexit concerns and priorities of those over the age of 50, with healthcare coming out tops. Almost two thirds (63 per cent) said they would be most concerned about losing access to the NHS. While more than a quarter (26 per cent) would be most anxious about a lack of suitable options for care in older age.

Other worries include political uncertainty of life living in the EU.

Looking into the top priorities for retired life, the research shows that, while a quarter of those surveyed would list warm weather as desirable, having a stable income  and access to good, affordable healthcare were more important.

Other concerns include feeling safe and secure in one's home and neighbourhood, having loved ones living close by and good access to transport.

Anchor’s Chief Executive, Jane Ashcroft CBE, said: “Our research shows that people thinking about retirement want to feel stable and safe in older age. With so much uncertainty around Brexit deterring people from retiring abroad, we’ve seen a huge surge of interest from people wanting to retire in England.

"With a range of housing options across the country, Anchor’s retirement properties are an excellent option for people looking for a sense of community, safety, and security and we’d welcome anyone reconsidering expat life.”

For more information about Anchor visit www.anchor.org.uk

 

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