A recent study conducted by Retirement Solutions, a specialist in equity release, has shed light on the top 10 countries that British individuals aspire to spend their retirement in.
The findings were based on an analysis of average monthly search volumes on Google related to retiring abroad.
Topping the list is Spain, with an impressive average monthly search volume of 1,050. Spain offers numerous retirement-friendly destinations, such as Alicante on the Costa Blanca. This city not only boasts a favourable cost of living but also provides abundant sunshine, with temperatures ranging from a pleasant 16°C in winter to over 40°C in summer.
Following closely behind Spain in second place is Australia. The country’s appealing weather, with cities like Sydney maintaining an average temperature of around 17°C during the coldest winter months, attracts retirees who enjoy embracing the outdoors.
Claiming the third spot is Portugal, with its captivating Algarve region. Renowned for its relaxing atmosphere, stunning beaches, and superb dining options, the Algarve has also gained recognition as one of the more affordable retirement destinations in Europe.
In fourth place is Thailand, offering two distinct retirement options. Chiang Mai, located in the northern region, boasts breathtaking scenery with its mountains and tranquil country roads. On the other hand, Koh Samui, a picturesque island, features pristine white beaches and a strong sense of community, making it an ideal tropical retirement location.
Canada secures the fifth position on the list. Not only is Canada known for its low crime rate, making it one of the safest countries in the world, but it also offers a plethora of remarkable retirement choices. Vancouver, for instance, presents ample opportunities for hiking enthusiasts, including the High Note Trail, which treats hikers to magnificent views of Cheakamus Lake and Black Tusk. Moreover, the city is celebrated for its excellent healthcare system.
France claims the sixth spot, with Lyon standing out as a culinary haven. Retirees who relish dining out will find Lyon to be a fantastic destination due to its reputation as the culinary capital of France.
What about other countries?
India ranks seventh on the list, with Pune standing out as an attractive city for retirement. Pune offers favorable weather, excellent healthcare facilities, beautiful parks and gardens, and close proximity to Mumbai. Additionally, the country’s diverse cities provide opportunities to savor a variety of mouth-watering traditional dishes.
New Zealand closely follows in eighth place, renowned for its high quality of life and relaxed lifestyle. Retirees can revel in the breathtaking natural landscapes found in places like Tongariro National Park and Auckland’s Piha beach.
Italy claims the ninth spot, with Basilicata, Calabria, and Molise identified as more affordable regions for retirement. However, those who are not constrained by budget considerations may find Tuscany to be an exquisite choice, offering indulgence in local wines such as Chianti and Brunello di Montalcino.
Finally, Greece completes the top 10 list. Boasting a rich history, Greece offers retirees enticing benefits, including low living costs, abundant sunshine, and tranquil beaches with crystal-clear waters. Moreover, retirees can explore a plethora of traditional Greek dishes bursting with flavor, such as tzatziki and soutzoukakia.
Commenting on the study’s findings, a spokesperson from Retirement Solutions stated:
“Retiring abroad holds immense appeal for many Brits, providing opportunities to explore new cultures, discover new skills, and embrace a different lifestyle.”
The study’s diverse results showcase the range of countries that Brits consider for retirement, from Canada’s scenic mountains and cold climate to Greece’s relaxing beaches and sunny weather. Regardless of the chosen destination, retiring abroad offers the chance to embark on a new and fulfilling chapter, including the acquisition of new skills and even learning a new language.
Retirement Solutions, which offers guidance and advice for homeowners considering equity release, provided this insightful information.
Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at the University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.