Expats choose to invest in property to fund retirement
Property investment has been named as a major source of planned funding for expats retiring abroad, according to a new survey.
The results from the Alliance and Leicester International survey 6% of respondents said they would rely on rental income, 6% said they would sell a property they already owned and a further 2% said they would use equity release.
A better quality of life was cited as the main reason for choosing to retire overseas with 21% saying it was the most important factor.
The second most popular reason was better weather and value for money was third.
With the global property market just starting its recovery, prices are still low and are expected to rise in the next few years.
Finance specialists Shelter Offshore recently named Argentina as a top alternative retirement destination. It said that cheap property prices, well developed infrastructure and a good cost of living all made it an attractive prospect for investment.
Visit our off-plan property Argentina page.
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