Half of over 50s would consider buying abroad

Half of people over 50 would consider buying a property overseas and the same number would consider making the move permanent, according to research from MRI Overseas Property.

The research carried out by MRI Overseas Property found:

50% of the over 50s would consider purchasing a property overseas and the same number would considering moving abroad


Of those considering it 55% would do so as a place to retire and more than a quarter would buy a property as a holiday home

The key reason the over 50s would consider moving abroad is to downshift to a healthier more relaxing lifestyle and of course the weather plays its part with a third wanting to live in a warmer climate

The most popular destinations for the over 50s to buy abroad is still our close European neighbours with almost half of people over 50 considering Spain and almost the same would look at France.

Darragh MacAnthony, Chairman of MRI Overseas Property says: “The dream of owning a property overseas is very much alive for people over 50. Whether it’s to retire in the sun, a holiday home for the family or as an investment, the demand for a home abroad is clear for the over 50s.

“Of course purchasing any property is a big decision and this is no different when buying overseas. It is crucial that buyers ensure they opt for properties sold by a reputable company who will offer top quality service and peace of mind.”