Retirement news
Retirees 'dream of a home' with beautiful scenery and fresh air
7 February, 2007
People heading for retirement are desperate to get their hands on foreign property outside of a "sophisticated town" which offers good scenery, an enjoyable climate and clean air, according to property publication Amberlamb
The firm says that UK pensioners who are hoping to invest away from home are generally focused in the suburbs or outer-lying areas of towns.
The most popular cities for older people to retire to are currently Malaga, Melbourne, Paphos, Christchurch, Queenstown, Toronto or Vancouver, according to co-owner of Amberlamb, Rhiannon Williamson.
Recent research shows that Monaco is currently the most expensive place to invest in property in Europe. The Global Property Guide says that the average price for an apartment in this city is currently around €24,900 (£15,000) per square metre.
Central London locations are not far behind, where a super-luxury apartment can cost around €14,522 per square metre.
Retirees are unlikely to opt for these however as they are hoping for a "peaceful existence and be within relatively easy reach of shops, hospitals and cultural and social entertainment".
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