Brits planning to retire abroad are being advised to look beyond traditional hotspots like central Lisbon, Palma, or the Costa del Sol to find more affordable options. Jonny Christie, co-founder of The Property Buying Company, suggests that moving to smaller towns, even 30 or 40 minutes away from major cities, can lead to significant savings on housing.
Christie highlights that retirees who are flexible on location can find considerable savings without compromising on sunshine, amenities, or quality of life. He notes that moving half an hour inland can substantially reduce the cost of buying or renting a property.
Additionally, Christie strongly recommends renting in a location for a few months before committing to a purchase. This allows individuals to gain a better understanding of the area, including healthcare, transport, and everyday living costs, which may differ from a short holiday experience.