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BUSINESS Retirement Words | Jane Slade Veterans with vigour


People are as keen as ever to retire to the sun – and they are getting younger. They are also prepared to travel to new destinations and try out new ideas


JANE SLADE:


www.retiremove.co.uk Tel: + 44 7860 536432


he term ‘retirement market’ may be associated with people who have stopped working and are looking for a home in the sun where they can put their feet up; yet little could be farther from the truth. That’s the view of Jane Slade, the founder and editor of www. retiremove.co.uk, a property and lifestyle website for the over 50s. Far from being a creaking, ailing,


T


crumbling generation, the modern British retiree is fi tter, dynamic and establishing more new businesses than his/her children.Furthermore, by 2020 one-third of the working population will be over 50 with a sizeable proportion not retiring before they are 70.


Many will have also been married more than once and will have had children later in life. This dramatic change in the population means that the kind of lifestyle and overseas properties they are seeking varies from investment apartments in sought-after European cities to family-sized villas in Florida or Spain.


According to the UK’s Offi ce for National Statistics more than 60% of 60-64 year olds own their homes


outright and have GBP 1 trillion tied up in housing equity. So it is hardly surprising that they are the biggest investors in overseas property. The demography is shifting further, with 60% of over 75s being single, so there is another growing sector of the population to consider; one more interested in buying in gated, resort


The modern British retiree is fit and dynamic


developments or retirement villages where English is the main language, such as the ones Danny Silver is introducing in France. Mr Silver, of The Villages Group of The Villages Group (www. thevillagesgroup.com) says, “People will retire earlier because their pensions are not going to be worth any more if they work longer. Because of this we are reducing the eligible age to live in one of our villages from 55 to 50. In America


they are doing the same. “We have a typical buyer from Saatchi and Saatchi who is 52 and only needs to be in the offi ce once a month. They want to buy in France because of the lifestyle and culture and also because it is cheaper.” Silver is building the fi rst retirement village in France designed for British residents, comprising 106 bungalows near the Canal du Midi. “Selling has been slower than I thought,” he admits, “but I know this kind of community living is the future for retirees.” He plans to build four villages in


fi ve years based on this American ‘retirement village’ concept. There won’t be any ‘nursing facilities’ on site but developments will be within close proximity of doctors and an emergency hospital. He sees the retirement village becoming a popular concept for British ‘retirees’ who want to live in a better climate with like-minded folk. Mr Silver has based his village on the fi rst one built in 1992 in Tampa, Florida. Next month we’ll speak to some more experts – and look at the ‘wheres’ of retirement along with the ‘whens and whys’.


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