Despite the stringent paperwork and visa requirements that Brexit has brought about, research conducted by Your Overseas Home indicates that Britons have not been deterred from retiring to European countries.
In fact, the number of retirees moving to Europe is approaching pre-Brexit levels. Since January 1st, 2021, UK citizens no longer enjoy freedom of movement within Europe and must obtain visas for full-time retirement abroad. While it is still possible to stay in Europe for up to 90 days without a resident’s visa, an ideal scenario for those with holiday homes, many people have been discouraged from living permanently in Europe during their retirement years.
Data compiled by YourOverseasHome.com based on a survey of 5,000 individuals purchasing property in Spain, France, Greece, Portugal and Cyprus suggests that there is an upward trend for people seeking permanent residence abroad. For instance, Greece has experienced a 15% increase in individuals planning to retire there compared to data from the previous year (2022). France has seen a rise of 14%, while Spain has experienced an increase of 10%.
Christopher Nye, Chief Editor at YourOverseasHome.com, commented:
“Retiring overseas is still popular. As 65 has become the new 50, people are realising that a move to a warmer, more relaxed lifestyle in the sun is an incredible opportunity for fun and adventure in later life.”
If you’re planning on relocating overseas and need a Liverpool removal company, talk with us at Merseyside Movers. Our team have extensive experience in transporting people and their belongings to Europe.