“Selling up and moving back to Britain may not be as simple as it seems”.
Around 785,000 Britons currently live in the EU, according to the Office for National Statistics. Of this total, just over a quarter are pensioners, drawn by sunnier weather, a lower cost of living and cheaper property prices. But has the spectre of Brexit ended this dream for many…….?
….it may make sense to move back to Britain but that’s not such an easy proposition for many Britons, particularly if they don’t own a property in the UK. While many property markets in Britain have soared in the previous decades, the slow rate of house price growth across much of Europe means that returnees may lack the equity to get back on the ladder……
Returning retirees re boosting the number of clients of Carol Peett, an agent at West Wales Property Finders http://www.westwalespropertyfinders.co.uk. She is currently busy searching for properties for a burgeoning group of older house-hunters returning from France, Italy and Spain.
“This trend began immediately after the referendum”, explains Peett, who finds most returning retirees fear difficulties accessing pensions and free healthcare as the reality of Brexit becomes apparent.
Many of Peett’s clients moved abroad between five and ten years ago, in pursuit of warmer weather. “After the referendum they decided to move back, partly due to perceived difficulties living there post Brexit but also, in many cases, because they think the UK will be a nicer place to live once Brexit takes place”. “Returnees typically can’t afford to move back to the South East so West Wales – with its low crime levels, community spirit, Gulf Stream weather and affordability – makes it a good choice”, she says. “It also closely replicates the old fashioned country lifestyle many had chosen in places like rural France”.
https://www.telegraph.co.uk/property/retirement/hidden-house-price-growth-trap-awaiting-brexit-expat-returnees/ – The Daily Telegraph – Saturday, 1st February 2020
If you are looking to move to West Wales, or buy a property in Pembrokeshire, Carmarthenshire or Ceredigion, give West Wales Property Finders a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and often money too. http://www.westwalespropertyfinders.co.uk
