A leading newspaper has highlighted two African locations in its new guide to the ââ¬Ëtop 20 cheapest places to retireââ¬â¢. The Daily Telegraph has compiled a list of 20 unusual and cheap destinations for British pensioners to consider for their retirement and the list includes two African towns.
Increasing numbers of people looking to leave Britain
The newspaper reports that pensioners have been hit hard by the global financial crisis, saying: ââ¬ÅHaving banked on being able to live off a steady stream of interest from their savings, millions of people are discovering that the flow has turned into a muddy trickle. Retirement plans are having to be revised, and more of us are investigating the possibility of selling up and moving somewhere cheaper overseas.ââ¬Â
A leading website found that 2.5 million overseas property searches were conducted on its site in August 2011 whilst the Daily Telegraph reports that ââ¬Ë17 per cent of people with more than ã250,000 worth of savings and investments are considering leaving Britain.ââ¬â¢
If youââ¬â¢re looking for an African destination to retire to, the Telegraph highlights these two locations.
Marrakesh, Morocco
The newspaper reports that Marrakesh ââ¬Ëcan be very relaxingââ¬â¢ and recommends that you ââ¬Ësip mint tea on your roof terrace, then plunge into the bazaar and visit the cityââ¬â¢s pulsing main square, the dramatic Jemaa el-Fnaa.ââ¬â¢
A four bedroom, four bathroom property with plunge pool and large courtyard in the Old Quarter of Marrakesh would cost around ã370,000, according to the newspaper.
Sharm el Sheikh, Egypt
The popular uprising in the country has not had a major impact on this Red Sea resort. Retiring here guarantees you great weather all year round and the average sea temperature is 24C. And, a litre of petrol costs you just 21p.
A one bedroom apartment in the resort with terrace, balcony and communal swimming pool can be snapped up for just ã30-35,000.
Are you looking to buy property in Morocco ? Marrakesh , Essaouira , Marrakech , Safi , Tanger, Tangier
Are you looking to rent property in Morocco ? Casablanca , Marrakech , Essaouira , Fès , Tanger
Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.