One of the things many of us do when we retire is move. Enable’s IFAs in Bishops Stortford know that this can feel like a fresh start and can free up some cash. One study recently was commissioned by Profile Pension to rank UK cities for how well they address the needs of retirees.
It’s interesting to reflect on what might make a good city for retirees? The study broke down the cities based on a host of factors including typical property prices (both for normal and retirement properties), crime rate per capita, the number of cafes and pubs, the number of parks and churches, and finally what level of entertainment and activities are available to older people.
It revealed that some of the top destinations for retirees should include the seaside town of Plymouth. It came out top with the study highlighting its “significant” number of parks, affordable homes, proximity to the sea and large number of religious centres as big selling points.
Another strong performer was Southampton, which performed well based on the highest density of cinemas and pubs of any of the cities investigated. It’s not all rosy though, it suffers from a “comparative lack of bingo halls” ‒ in fact, it has the smallest number of bingo halls of any city. Could be a good thing! The third spot went to Nottingham, with the study highlighting its affordable housing and easy access to a host of golf courses.
Here are the top 10 cities for retirees: Plymouth, Southampton, Nottingham, Cardiff, Derby, Liverpool, Leicester, Bristol, Wolverhampton, and Manchester. At the bottom 10 were: London, Milton Keynes, Doncaster, Wakefield, Leeds, Bradford, Rotherham, Sheffield, Swansea, Sunderland.
When planning where to make that last-time move, make sure you do your research on how well the area is going to meet your needs, not just when you first retire and are likely pretty active, but also as you get older. Enable’s IFAs in Bishop’s Stortford can help you look at your options.