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The South East is the most popular destination for retirees in 2008, according to SmartNewHomes.com, which has compiled a list of the top ten retirement destinations based on the searches for new homes over the last six months.
Retiring to the coast used to be the standard option for retirees looking to downsize or release equity from their existing home to enjoy their retirement, with little choice of property elsewhere. Now, however, developers are providing many more options away from the coast to meet demand.
Inland property with good connections to towns and cities has become just as favourable as coastal areas. The bright lights of the city are no longer just attracting young professionals but retirees who want a slice of the action and easy access to museums, theatres and shops on their doorstep.
David Bexon, Managing Director of SmartNewHomes.com said: “Areas that have been typically popular amongst retirees such as Devon and Dorset are still ranked in the top ten because of their seafront activities and surrounding countryside with pretty villages. However, compared to data last year which showed that coastal destinations topped the wish list, now it shows that bustling towns and villages of the Home Counties are the most highly ranked.
“In Surrey, ranked number one and including prime locations of Cobham and Reigate, prices are in the region of £244,950 to £429,950 for one and two bedroom apartments. The baby boomer generation is increasingly opting to remain living near to family and friends as well as having good access to airports as many have second properties abroad.”
The SmartNewHomes.com site provides detailed, up to date information on a whole range of retirement properties, across the country covering all budgets and tastes, and including advice on investing and assisted living.
See Also: Press Releases (371)
Date Published: 05 March 2008
