Retired UK citizens could leave their home country to avoid the recession.
By Tenerife Real Estate Blog | December 11th, 2008 | Category: NEWS | No Comments »Already over 400.000 Brits planned to leave Britain to try and become a better way of life or also for financial reasons, and now on top of that, pensioners of over 50 think of doing the same as they find it financially very hard to tie the ends together in UK.
Lower living costs also add to making the decision to live abroad, no or lower heating costs, a better climate, cheaper housing, etc.. Add to this that the European Commission confirmed Spain would recover faster from the economic recession, and you have all the pluses for people to go live abroad.
Rentals are also recently gaining popularity, mainly because there is a big gap between salaries and purchase prices.