Many Britons Of Retiring Age Choose To Live In The Algarve

Many Britons who reach retiring age decide to spend the rest of their lives overseas in the sun, and for many that means Portugal. There are around 60,000 Britons living in Portugal, not all of them retirees. Those who go there to work very often go to Lisbon, which is a somewhat more expensive place to live than other parts of the country, but a lot of people who don’t need to work choose the Algarve. 

Many Britons who reach retiring age decide to spend the rest of their lives overseas in the sun, and for many that means Portugal. There are around 60,000 Britons living in Portugal, not all of them retirees. Those who go there to work very often go to Lisbon, which is a somewhat more expensive place to live than other parts of the country, but a lot of people who don’t need to work choose the Algarve. While property prices have risen there in the last five years, it is still possible to buy a home there for less than €200,000 (£170,000). So if you have just sold your home in the UK for £400,000 it leaves you with a nice little nest egg. 

Read More: Algarve removals to Portugal

More People Are Retiring To The Continent

The most popular countries for the British to retire to are, Spain, Portugal, France, Cyprus, and Malta, and despite Brexit there seem to be more people who want to go to one of these countries before the end of March.

And why not? Unless you move to the Alps, most of these countries have a much sunnier climate, and they can be a lot cheaper to live in. Algarve removals to Portugal are especially inviting. Average daytime temperatures there range from 16°C to 29°C and you can buy a three-bedroom villa with a pool for as little as £250,000. It has a non-habitual resident scheme which entitles you to tax advantages for ten years, so non-Portuguese pensions or lump sums are tax free. A three-course dinner for two at a middle of the road restaurant is only about £25, and there are some of the best golf courses in Europe. 

 

However, removals to France and removals to Spain are also increasing, as retirees want to settle in before Brexit day, because who knows what happens after that?

However, if you are considering removals from Lancashire to overseas, you should take the advice of an accountant because tax regulations can vary greatly. For example, if you live in Spain or Portugal but still own property in the UK or have any intention of returning, HM Customs and Revenue may consider you are still liable for UK income tax – even if you don't live here! A good website for information is  https://www.gov.uk/moving-or-retiring-abroad.

Moving Home Is Stressful, So You Need A Removal Company With Experience

If you are moving overseas from Lancashire, you will need to find a removals company with the necessary resources to move your complete home and belongings to wherever you are going. It can be an exciting thing to look forward to, yet there are always doubts and worries that can set in. In fact, it is said that moving home can be the most stressful thing you will ever do, and that’s just moving within the UK. When you are moving abroad you are uprooting the home of a lifetime, so the last thing you need to add to the worry is whether all your belongings will arrive in the right place at the right time and all in one piece.   

 

Let’s say you are moving to the Algarve. You will need a company that specialises in Algarve removals to Portugal if that is the part of the country to which you are going, and which is, indeed, a very popular destination. You don’t want to entrust all your worldly goods to a start-up, no matter how friendly the people might be.

Then there may be the question of storage in Lancashire. If you have sold your home and had to move out, but your new home in the Algarve is not yet ready, you need a company that can not only move your goods but store them for a few weeks until your new home is ready. It really is well worthwhile spending a little time on research rather than relying on the first company that appears on Google.