The top ten places to retire in the UK have been revealed.
With rising inflation, retiring in the UK is becoming more expensive, leaving millions of retirees out of pocket.
Where are the most affordable and enjoyable places to retire in the UK right now, as costs rise across the country?
The government’s recent decision to eliminate the triple lock pension has thrown a wrench in the plans of more than 12 million retirees.
Finding an affordable and inviting place to retire is becoming increasingly difficult for retirees across the country as the cost of living rises and pension payouts fall.
New data has revealed the most desirable retirement destinations based on cost and quality of life, but where did the top spots rank?
Gale and Phillipson, a financial planning firm, has gathered new data to help retirees across the UK find the best places to spend their golden years.
The rankings took into account a variety of factors, including the cost of local restaurants and pollution levels.
Overall, the data revealed that the North of the United Kingdom outperformed the South in terms of best retirement destinations, based on the following criteria:
Bangor, Wales, ranked first in the test, with the lowest cost of living and low crime rates.
Bangor’s average house costs £181,752, which is 5% more than in 2020, according to Rightmove’s latest house price data.
The historic county of Caernarvonshire (Sir Gaernarfon) in north-western Wales is home to the Welsh cathedral city.
This small town has a variety of restaurants, bars, and shops that provide an affordable day out while overlooking Snowdonia.
Bangor is close to Anglesey, making it an affordable and inviting place to retire.
Bangor was closely followed by a slew of northern cities, including Dundee and Newcastle-Upon-Tyne, which came in second and third place respectively.
The top ten retirement destinations, according to Gale and Phillipson’s research:
Dundee, Scotland’s fourth largest city, offers a diverse range of properties and opportunities for people of all ages.
Dundee has been cited as a desirable retirement destination due to its high standard of living, wide range of larger properties, and retirement villages or communities to choose from.
The historic city has been named one of the safest in the United Kingdom.
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