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Best Country To Retire Abroad

Comprehensive research conducted by The Homebuyer and Property Investor Show compared the top ten locations for UK pensioners to retire abroad. The results saw Cyprus and Panama coming tops based on tax, ease of residency, healthcare and average property costs.

It is fact that the UK is seeing large numbers of Britons leaving the country to live overseas. Years of being in the UK housing market has left many retirees with large amounts of equity in their homes and a desire for better things.The office for National Statistics in the UK show that 200,000 people left the country for good last year, the huge majority of these were retirees.

The report shows the vast differences in taxation, inheritance laws and the availability of healthcare, how many of us know that France for example has income tax rate of up to 49.8% and inheritance tax rate of 30%.

Cyprus tops the list of destinations because it has an income-tax rate of just 5% on pensions for retired residents, as well as low property prices and no inheritance tax. It also scores highly on related issues such as ease of gaining residency, low property buying and selling costs and benefits for pensioners.

Nick Clark, managing director of Homebuyer Events, said: “Not only does Cyprus offer a warm, sunny climate, it also benefits from favourable taxation and healthcare policies.”

Panama, now infamously the chosen destination of “back from the dead” canoeist John Darwin and his wife Anne, comes a close second. This is largely thanks to its pensionado scheme, which offers attractive discounts for pensioners.

Property in Panama

Property in Cyprus start from about £77,000 – although the island is rapidly catching up with prices in more established retirement hotspots such as France and Spain. Stamp duty is 0.15% for properties worth up to about £130,000 and 0.2% on more expensive homes, compared with 1% to 4% in Britain. However, there may be property transfer fees of 3% of the first £65,000 or so, 5% on homes worth between £65,000 and £130,000 and 8% on those valued at more than £130,000

Overseas Property For Sale in Cyprus

Cyprus

EUR 115,000

This one bedroom, one bathroom

Cyprus

EUR 845,000

LUXURY HOLIDAY HOME FOR SALE This

Cyprus

GBP 365,000

This spacious 9 BEDROOM MEDITARRANEAN

Cyprus

GBP 229,950

Why have the headaches or unfortunately,

Cyprus

EUR 425,000

Our Cypriot 3 bedroom villa has

Cyprus

GBP 80,000

Desirable Cypriot property with

Cyprus

GBP 210,000

Detached 3 Bedroom house for sale

Cyprus

GBP 95,000

There are seven beautiful two

Other Overseas Property Destinations...

Spain France Portugal Turkey Bulgaria Cyprus Italy United States Greece Malta Egypt Dubai Brazil Cape Verde Hungary Croatia Thailand Germany Poland Morocco

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