Brexit Britain Sees Shift In Retirement Living As Nation Swaps Sun And Sea For Staying Put

  • 45% less likely to consider retiring in Europe since Brexit
  • 64% concerned about losing access to the NHS
  • One in three worried about lack of clarity over Brexit negotiations
  • UK retirement living enquires up by 641% since the Brexit vote
  • Hampshire retirement community gears up as Keble Court becomes ‘Costa del Keble’

New research, from housing and care provider Anchor, reveals Brexit Britain’s boom in interest for England’s retirement housing as concerns rise about retiring abroad.

The data reveals that 45% of people aged 50+, are now less likely to retire abroad.

And of those people that were previously considering leaving the UK to retire in Europe, 41% are now less likely to make the move following Britain’s decision to leave the EU.

At the same time, nine months after Brits voted to leave the EU, enquiries to Anchor’s retirement properties have shot up, with a 641% increase on last year’s figures. In the immediate six-month aftermath of the vote, Anchor can reveal its enquires increased by a huge 2762%.

Anchor’s research also captures the post-Brexit concerns and priorities of those over the age of 50 when thinking about retirement.

Asked what would be of most concern when considering retiring as an expat in Europe, healthcare undoubtedly tops the rank. Almost two thirds (63%) state they’d be most concerned about losing access to the NHS. While more than a quarter (26%) would be most anxious about a lack of suitable options for care in older age.

Other worries include political uncertainty of life living in the EU as one in three (23%) would be most anxious about the unclear future of Brexit negotiations. Of those previously considering leaving the UK to retire in Europe, concern over Brexit jumps to one in three (33%).

Anchor’s Chief Executive, Jane Ashcroft CBE, said: “Our research shows that people thinking about retirement want to feel stable and safe in older age. With so much uncertainty around Brexit deterring people from retiring abroad, we’ve seen a huge surge of interest from people wanting to retire in England.

“With a range of housing options across the country, Anchor’s retirement properties are an excellent option for people looking for a sense of community, safety, and security and we’d welcome anyone reconsidering expat life.”

 

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