February 21, 2007
Brits head to Cyprus for retirement holidays
It comes to no surprise at all. Present trends show British retirees opting to settle in east European-Mediterranean countries rather than the traditional places of Southern France and Spain. Which eastern European country tops the list for British retirees? Cyprus.
Property experts noticed that in the last five years, British retirees prefer heading to the east of Europe – in this case Cyprus - because of its affordability and seeing the best returns come alive in their property investment. Nonetheless, retirees who are more conservative prefer to stick to established property markets in western Europe.
Aside from avoiding financial risks, retirees look at the social welfare or basic service packages they can avail in their chosen retirement destination. Call it being more discerning and prudent but some retirees would like to be secure in their retirement age.
It is important for retirees to have good infrastructure and reliable medical services in areas or destinations they retire to. For them, it is more reassuring in case their health fails and gets in the way of their enjoyment.
This is why France is still a strong and favorable destination for retirees. A survey that determines the quality of life being offered in a country, indicated that France provides affordable housing and quality health care. It even has accessible cultural amenities to fill in the open schedules of retirees. It observes and mandates high environmental standards, which outweigh taxes and high costs of living.
Even then, Eastern Europe – most especially Cyprus - has immediately recognized this and is quickly addressing and putting in place infrastructures to provide these basic needs and services for retirees.
Aside from the developments in the Cypriot region, retirees flock to it because of historical and colonial ties. English then is a second language spoken, which makes living easier and conducting all sorts of transactions easy.
Posted on: Cyprus
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