Cheapest Areas To Buy A Property In The UK part 2 – Part one is here.

10 Benefits of Buying Property in the UK

The world’s economic systems and market fluctuations can make it hard to determine whether it is a good time to buy or sell the property. If you are thinking, after reading all this, that now might be a good time to invest in UK property, the following information will be of interest.

Property prices in the UK are actually at their lowest point for 6 years. This makes now a very good time to buy property in the UK and means that if you were to invest in either residential or commercial property, then your investment is likely to grow considerably over its lifetime.

Investors who anticipate future trends and seize the moment to buy UK property when it is ‘on sale’ can win big in years to come. Now, let’s quickly walk you through the benefits of buying property in the United Kingdom.

1.    Capital Appreciation

The UK property market has historically risen at a rate of 1.25% per month – more than any other market in the world, so it’s easy to see why investors are keen to buy UK property. Moreover, the UK is a stable economy with modest inflation, a shortage of property, and an ever-growing population, making it a good place to invest in.

2.    Security

Historically, UK property has been very stable and not subject to violent fluctuations in price – quite the opposite of the stock markets. The UK property market has also had a high rental yield of 6%.

This is way above any other market and ensures that you can always sell your property for a reasonable price. Many investors like to use buy-to-let mortgages, which produce an income on their investment by housing tenants in their properties.

3.    Growth Potential

The UK population is on the rise and is expected to increase by more than 10 million people in 30 years’ time. This means that there will be a growing demand for housing, which means there will always be a high demand for rental properties and an increased demand for houses and flats to purchase.

4.    Fundamentals of UK Economy

The UK economy is currently very strong. Government debt is low, employment is at record levels, and the inflation rate remains within the government’s target band. These factors all contribute to a stable market, ensuring that there can be no dramatic price fluctuations.

5.    A Safe Haven for Your Money

With so many financial uncertainties worldwide, investors are increasingly looking to buy property as a haven for their money. House prices have not fallen substantially since the recession and so offer reassurance that it will be possible to get your money back when you need it.

6.    Good Rental Yields

As mentioned previously, the UK has one of the highest rental yields in the world at 6%. This figure is way above most other markets and ensures that if you were to rent out your property, then you would see a good return on investment. That’s why more and more landlords are choosing to buy UK property.

7.    A Growing Market

In the next 50 years, there will be a doubling in the number of people aged 85 or over. This means that elderly care will be a substantial part of the country’s service industry. In addition, with life expectancy on the rise, there will need to be a lot of care facilities across the country. This presents a good investment opportunity, as you can see there is a growing market for this type of UK property.

8.    A Strong Rental Market

The UK has one of the highest rates of homeownership in the world at around 70%. This means that even though buying UK property has become more accessible to more people, there is still a high demand for renting. This makes the UK rental market one of the most secure investment opportunities in the world.

9.    A Growing Population

The UK has seen some good growth rates over the last 100 years, and these are expected to continue on an upward trend for many decades to come. The European Commission predicts that by 2030, the UK population will have grown by over 1 million.

The reason for such a high growth rate is the increase in birth rates and an influx of immigrants. While it means busy roads and packed trains, it also means that there will be a growing demand for housing which again makes buying UK property a secure investment.

10. At Least You Can Make Use of Them

In tough times people will often say, “I’m not going to invest my money; I’m just going to spend it.” However, in a world where the cost of living is ever increasing, purchasing UK property that you can rent or live in is a very sensible investment. At least you know that when you buy, you can make use of it.

Frequently Asked Question about Buying Property

How do I buy a property in the UK?

Before you can purchase a house or flat, usually you need to have somewhere safe and secure to live. Most of the time, the best option is to rent a place first while saving money for your deposit on your new home. Besides, make sure you get all the necessary deposits to make your application.

How do I find a property to buy?

Many websites can assist you with finding your perfect home. Some sites include Rightmove, Zoopla, and PrimeLocation. These are all free to use and easy to use if you know what you are looking for beforehand. So, it is a good idea to make a list beforehand of everything you want from your future home.

What type of deeds should I get?

You will need three types of deed for your property purchase: the Memorandum and Articles of Association, the Transfer Deed, and the Lease if there is one. You can get a solicitor to do this for you, or the Land Registry will help. Also, if you are buying with someone, then the Transfer of Equity will be needed.

Can I buy a property without hiring an agent?

Yes, some private properties are sold ‘off-market.’ These privately owned homes are usually not up for sale on Rightmove or Zoopla, etc. Usually, bigger chain estate agents are used, and many people find these off-market properties through word of mouth or social media.

How much will I need for a deposit?

It depends on the price of the house and what lenders you speak to, but usually, you need at least 10% of the purchase price as a deposit to secure finance. If it is off-market, then 5% could be sufficient.

How much will a solicitor cost?

You can expect a solicitor to cost you around £600-£1000 per lot, so if there are 2 lots, then around £1200-£2000. If it is an off-market property, then more due diligence may be required, and therefore you would need a solicitor involved.

Conclusion

Buying a home or property is one of the most expensive transactions you can make. When it comes to buying, many people cannot afford the luxury of buying a home in one of the more expensive regions. However, you do not need to worry if you are looking for cheaper options. Refer to this guide to check what we’ve unleashed.

Cheapest Areas To Buy A Property In The UK part 1 – that will be the topic of today’s article.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

When you think of buying a home in the UK, do you picture yourself living somewhere rural but close enough to commute into London for work? Do you want to be able to travel by train every day? Or do you prefer somewhere with plenty of green space around?

As with all major decisions, it is important to think about your options and the facts before committing to anything. If you are seriously considering moving into a new house, there is no time like the present; we recommend checking out these great deals right now.

So, where can you find the cheapest areas to buy a property in the UK? Well, firstly, let’s talk about some of the things you might consider when picking an area. If you are on a budget, perhaps you want somewhere with plenty of green space around or somewhere very rural with low crime rates.

Perhaps what you are looking for is somewhere you can commute easily and regularly into the city. Perhaps you want to be suited and booted in five minutes? Or you would like a big mansion with space for all of your friends and family.

In fact, maybe that’s not what you’re looking for at all. So, here we bring you some of the cheapest areas to buy a property in the UK. Before that, let’s quickly walk you through the factors to consider when picking an area. Are you ready to explore? Let’s begin!

Factors to Consider When Picking an Area

If you’re looking to move, one of the things you’ll want to consider is where in the world you’d like to live. While this seems straightforward on its face, it’s actually a fairly complicated process with many factors to consider.

This article will outline 10 such factors that can help guide your decision-making process.

Job Availability

One of the biggest things to consider is how relevant a location’s job market is to your specific interests and skillset. If you’re a web developer looking to move to a new city, chances are you’ll want a location with plenty of tech jobs available. On the other hand, if you’re interested in working in the fashion industry, you’ll probably want to look at cities known for fashion, like New York or Milan.

Proximity

How close do you want to be to family, friends, and other support structures? Most people have a ‘comfort zone’ within which they feel most comfortable living. That means that if your best friend is an hour away, that might feel pretty far.

On the other hand, if your best friend lives on the other side of the world, then an hour might not seem like that big of a distance at all – and you may even enjoy talking to them over Skype often. So it’s important, to be honest with yourself about these types of things before you pick a city to live in.

Climate

Everyone has certain preferences about what kind of climate they like. Some people hate the cold and would much rather live in tropical climates where it’s warm all year round (or at least for most of the year). Others might prefer living somewhere that gets harsh winters where snow is plentiful (even though they don’t like cold weather). So you must pick a climate that you enjoy.

Safety

Safety is obviously an extremely important factor to consider, especially if you’re moving alone (which is more common among young adults than older people). Even if your safety isn’t at risk for whatever reason (like, even if you’re a guy in a neighborhood that’s known for being safe), it is something to think about.

People

This may seem like an odd factor to consider, but it’s actually extremely important in the long run. If you live in a city where everyone has one job and lives with their parents until they get married, this may not feel like the best place to be. Try to consider whether you’re moving somewhere that people would enjoy living – even if you won’t (and vice versa).

Fashion

Another seemingly odd factor, but fashion is also important. Wherever you move will likely have certain popular styles – and you should probably try to fit in so that people don’t treat you like an outsider (it’s uncomfortable). So consider where the ‘cool kids’ hang out and make sure you find out what kind of fashion they have.

Cost

While this factor is obviously a very important one – it usually goes hand in hand with the job market and things like proximity to support structures. But sometimes people may want to move somewhere where everything costs more, even if there aren’t any jobs available or the weather isn’t desirable. You should think about what you want out of a living situation and how certain important factors are before moving to any city.

Education

If you have children, it’s definitely something to consider as well. This goes hand-in-hand with the cost factor as well as proximity to support structures, but it may be even more important if your children are still young. You may want to look for a city with good schools or an area where the crime rate is low if your children are very young.

Culture

You may also want to consider culture – some people love living somewhere that has lots of history and interesting things to see while others would prefer living someplace modern. So if you know what you like, it’s important to look for a place where you can get that.

Food

Lastly, some people may care more about the food wherever they’re moving – or even if they can find restaurants that serve their favorite foods (or at least really good versions of them). If this is really important to you, make sure you consider it before moving to a new city.

Cheapest Areas to Buy a Property in the UK

Welcome to the UK. A country rich with history, culture, and natural beauty! Not to mention an economy thriving once again, making now a great time to consider buying property here. If you are thinking of buying a home in the UK, there are plenty of options, but what are the cheapest areas to buy a property in the UK?

To get to the bottom of this question, we need to ask what makes a cheap area. The price of a property in terms of average salaries is perhaps one way of considering affordability, and we should look at areas where the average wage is low. Not to worry, we will walk you through the cheapest area to buy a property.

South Central – The Cotswolds

The Cotswolds is full of many great areas for those who want to move to nice rural surroundings with relatively low crime rates and proximity to commuting routes into cities such as Oxford and Swindon. There are plenty of quaint towns and villages to choose from, with easy access to public transport.

North East – County Durham

If you are considering an area in the UK but away from all of the hustle and bustle of city life, then County Durham may be right for you. It is one of the cheapest areas to buy a property in the UK. This area also happens to be the greenest in the country.

Yorkshire – Ryedale

Homes in Ryedale are plentiful, and prices are very competitive, making it one of the cheapest areas to buy a property in the UK. The varied terrain provides easy access to the whole of Yorkshire, making this an ideal place to live for those who work in Scarborough, York, and Harrogate.

West Midlands – Dudley

Home to the Black Country Park, there are plenty of green spaces all over Dudley making it one of the cheapest areas to buy a property in the UK. This area is incredibly popular because your money will go further here than anywhere else.

Wales – Blaenau Gwent

Located along the border of England and Wales is Blaenau Gwent, one of the cheapest areas to buy a property in the UK. Situated just outside Cardiff and Newport, this area has beautiful countryside and picturesque scenery, perfect for walking, cycling, and outdoor activities.

North West – Tameside

Located just outside of Manchester, this area has some beautiful views and plenty of green space too, which makes it one of the cheapest areas to buy a property in the UK. The homes are relatively cheap here, so if you are thinking about moving with your family, then it is most definitely worth taking a look at.

Scotland – Aberdeenshire

Aberdeenshire is a popular choice for those who want to live close to the city of Aberdeen and one of the cheapest areas to buy a property in the UK! This area has plenty of green space and stunning coastlines, perfect for walks and outdoor activities.

East of England – North Hertfordshire

North Hertfordshire is a popular choice for those looking to move close to London but outside of the expensive price tag that comes with it. It is not as well-known as some other areas in the UK, so property prices are currently very low, and there is plenty of green space around.

Pembrokeshire – Wales

This Welsh county is near the Atlantic Ocean and is very popular with tourists. It features a rugged coastline and natural beauty unrivaled by anything else in the UK. This coastal county has stunning beaches and sleepy fishing villages combined with historical castles and attractions like Folly Farm, home to over 1,000 animals worldwide, such as meerkats, kangaroos, monkeys, and penguins.

There are plenty of activities to keep visitors occupied in Pembrokeshire, including kayaking, mountain biking, boat trips to local islands, and whale watching tours. This is also possibly the best place for surfing in Wales with many world-class beaches, so it’s no wonder that this county has become a popular tourist destination.

Wrexham – North Wales

Wrexham is a unitary authority area situated in the northeast of Wales. It’s actually closer to Chester than it is to Cardiff, being just over 20 miles from the Welsh border. The county town of Wrexham has a population of around 63,000, and there are other towns within Wrexham, including Llangollen, Ruabon, and Chirk.

Wrexham is surrounded by beautiful Welsh countryside with stunning mountains like Moel Famau, which looks down over the Clwydian Range Area of Outstanding Natural Beauty. There are several notable landmarks in Wrexham, including Belmont water tower, Wynnstay Hall – a 17th Century mansion and the Market Hall – a Victorian market building.

Can Expats Vote In UK Elections? All You Need To Know part 2 – Part one is here.

Overview of what living in the U.K Entails

Living in the U.K as an expat is great! There are so many positive things about being an expat, including fantastic work opportunities, various free activities to do, and there are always events happening. Getting your residency card is not too difficult either.

However, it’s best to arrange everything before you leave your home country, so you are ready to move on arrival. Moreover, there are some negative things about being an expat in the U.K, though. For example, it is very cold, and it rains a lot! Below are a few pros and cons of living in the U.K as an expat.

Pros

Great Public Transport System

People who live in the U.K can commute in comfort and style, using the underground or train systems to get around their city. The underground/train system in the big cities is efficient, clean, and comfortable. And with a range of easy-to-use apps available for iPhone or android, traveling around the city is simpler than ever.

Quality Education Can Be Found Across the Country

There are many top universities in the U.K that offer world-class educations to students from all over the globe. Whether you’re a student looking for a bachelor’s degree or a post-graduate program, the U.K has a university that meets your needs. Also, as an expat, if you have a child trying to find the right school to attend, many options are available.

There’s Always Something for Everyone

Whichever city you choose to live in as an expat, it won’t be hard to find things to do outside your home and work life. Whether it’s watching football at the pub with friends, drinking wine in a local bar, or taking day trips to see castles, there are many activities that you can partake in.

The abundance of Culture and History to Learn About

The U.K has played a major role in world affairs for centuries, so there are endless amounts of history to learn about. Not only that but there are endless opportunities for people who would like to see the culture and history in person. There are many museums and historical sites around the country that can be visited to expand your knowledge of the past.

Food Is Tasty and Affordable

There’s a reason why gastronomes come from worldwide to sample the unique foods available in the U.K. Whether you’re looking for a sit-down meal at a fine dining restaurant or something quick and cheap at a street food vendor, there’s an option for everyone.

The Climate Is Mild All Year Round

The climate varies depending on the part of the country that you’re in, but it can be said that the weather is mild enough to avoid seasonal extremes. This makes it possible to enjoy the outdoors during all four seasons without being too hot or cold.

Work-Life Balance Is Important For Most People

The work culture in the U.K involves a good deal of respect for employees to spend time with their families and focus on their personal lives. It’s not uncommon for people to take a few days off work to travel or relax without worrying about it negatively impacting their career.

Cons

Weather

The last two summers in the UK were both quite bad and wet. While England may have been better historically, it still gets cold, but not as cold as Siberia or other countries at similar latitudes. So if you are from somewhere hotter, this may seem like a big change.

Expensive Housing/Renting

In cities like London and Manchester, renting can be very expensive, especially renting by the week. However, other cities like Birmingham and Liverpool are much cheaper to live in. This can make it expensive to move around if you are not local.

Longer Commutes

If you live outside of London, expect your commute to be longer than before (and more expensive). Public transport is good, but services may not run as frequently as you are used to. Be prepared for a longer commute when you move to England from outside of London.

Food

In the U.K, food is more expensive and not as good as in some European countries or even in the USA (although this depends on where you go). If you have a family, be prepared for a bit of a shock when comparing food prices to what you paid before.

Driving On the Left Side of the Road

This may seem quite obvious, but it can be very dangerous if you are not used to this (although many people do it without noticing). It might also waste your time trying to get somewhere and keep forgetting which side of the road you are supposed to be on.

Frequently Asked Questions about Living in the U.K

What are the average prices of cars?

The average car in the United Kingdom costs around £9,000 – £10,000 to buy new, and a second-hand car will cost around £5,000. In fact, the price of a car in the UK is generally more than in most other countries, largely because of higher taxes.

Can expat live conveniently in the U.K?

Yes. The UK is highly developed with well-developed transport, telecommunications, and other infrastructure networks. Many expats choose to live in London, which has an international airport and excellent access to waterway channels along the River Thames.

How cold does it get in the U.K?

In general, this varies depending on where you are in the UK. However, temperatures can fall below zero degrees Celsius (32 Fahrenheit) in some places during the winter months. This is because the cold, damp air from the North Sea meets colder air coming down from Scandinavia and Russia.

How many people in the U.K speak English?

Around 98% of the UK population speaks English. The other major languages spoken in the United Kingdom are Welsh, Polish and Punjabi. More so, English is also one of the official languages in the Republic of Ireland, although only around 1.5 million people speak it.

Conclusion

The voting age in the UK is 18, as mentioned earlier. However, if you are registered to vote, and you leave the country for more than 15 years, then you may lose your right to vote. This law has been controversial, with many people claiming that it should be overturned. Nonetheless, refer to this platform for more information.

10 Reasons Why Britons Consider Moving Abroad

Moving to another country is a very serious decision, but it is one that many Britons are making. At the moment, there are more than 800,000 British people who have moved overseas, and they often cite the same reasons for moving abroad as their motivation.

Most of those who consider leaving Britain do so because of work or love interests, but others move with no other motivation than to start a new life in another country. There are, however, some common reasons for moving which keep cropping up over and over again. Here are ten of them!

1)    Work

The reason many Britons choose to move abroad is to find work. It’s certainly true that the UK has high unemployment rates considering its economic standing and many Britons feel that lack of career opportunities can be a big factor.

It’s not just working abroad that will do it – even finding work in another part of the UK would count – but people often mention their desire to move overseas as they feel this is more likely to provide them with an exciting and fulfilling job.

2)    Education

Another major motivation for moving is to access better education. Many Britons choose to move nations when they hit university age, especially if their parents are unwilling or unable to pay for an elite education in the UK. Some also move abroad when they are children to attend international schools. Others want to access further education opportunities.

3)    Love and Romance

The most common motivation for leaving Britain – and also what many that do so go on to regret – is love. Men and women often move abroad to live with a new partner or spouse. This rarely works out long-term as it can be very difficult to maintain a relationship between two countries. Still, it can be a fantastic short-term solution for anyone looking to escape their past life.

4)    Retirement

Many Britons retire abroad, especially to warmer European nations where they can enjoy the better climate and lower living costs that come with this decision. Again, moving abroad is rarely anything but positive regarding retirement.

This is because; it gives people a chance to enjoy their life while they are still relatively young and fit enough to travel, but it is a decision that needs serious consideration as living costs in many countries can be higher than those in the UK and pensions and healthcare might not be available.

5)    Lifestyle

Britons often move abroad because of the lifestyle benefits – including climate, culture, and cost of living – that come with moving to a different country. Many people who move abroad for no other reason than this also regret it, but others find that they enjoy their new life much more than their old one once they get used to the changes in lifestyle that moving brings about.

6)    The Cost Of Living

Another commonly cited reason for moving abroad is the lower cost of living. Many Britons are unable to buy property in the UK at the moment, despite their strong desire to do so, because prices are too high. While some choose instead to rent in their home nation, others move overseas where they can get more space for less money.

7)    Quality Of Life

Another reason people often mention when discussing why they want to move abroad is the quality of life. Living in Britain can be difficult because it is so crowded, there are too many rules and regulations which govern daily life, and it has terrible weather for half the year.

Moving to another country gives Britons a chance to experience all of this for themselves and discover that there are plenty of other places in the world where they would rather live.

8)    Healthcare and Pensions

Moving abroad can also be a great way to gain access to better healthcare and a better pension. Many Britons feel that the NHS is not delivering what they need and that they might do better elsewhere in Europe or further afield, while those who retire abroad often claim their pension will go further than it would at home.

9)    Tourism and Travel

For some, moving abroad is simply about the desire to travel and experience new cultures. Brits who move abroad to another country for this reason often return home after a short period, but others settle permanently and never look back. For those who move abroad as tourists, quality of life can be more important than the cost of living, and the weather might not matter much.

10) Job Opportunities

Many Britons move abroad to accept new job offers because they have been offered a position in another country which is hard to pass up. This can be an exciting opportunity for anyone looking to progress in their career, but it usually means saying goodbye to friends and family.

5 Cons of Living in the U.K

Every country has its pros and cons, but it’s better to relocate outside the U.K after Brexit. Above, we listed some of the best countries to reside as Brits. If you’re still unsure of this decision, consider these five cons below.

Taxes

The U.K.’s income tax rates are high compared to other industrialized countries. Income below £8,865 per year is taxed at 20%, and the rate increases incrementally to 40% for any income above £150,000. However, basic groceries and other necessities are exempt from this tax. Capital gains tax, inheritance tax, and value-added tax (VAT) are other costs associated with living in the U.K.

Commute Times

Compared to other industrialized countries, employees in the U.K have longer commute times — on average, 26 minutes compared to 22 minutes for all other industrialized nations. This is because many people rely on public transportation rather than cars.

Socialized Medicine

The National Health Service, or NHS, is the U.K.’s version of socialized medicine. Under this system, all citizens are insured for medical care via taxes paid to the government. However, due to a lack of facilities and resources, patients must wait several months before undergoing surgery.

Another con of the U.K.’s version of socialized medicine is that it can be very expensive for people who do not qualify for subsidies under this system.

Poor Weather Conditions

UK’s location on the western coast leaves it open to rain, fog, and cloudy skies much more often than many other industrialized countries. For example, London gets only 6.5 hours of sunshine per day on average, compared to 9 hours in Rio de Janeiro and 11 hours in Los Angeles.

Isolation from Mainland Europe

The U.K.’s location on an island off the coast of mainland Europe gives it relative insulation from terrorist attacks as well as immigration from mainland Europe. However, this isolation can also give rise to loneliness and a sense of being cut off from the world, especially if one does not have many friends or family nearby.

Frequently Asked Questions about Brexit

What Is Brexit?

Brexit is the term that has been coined for the British exit from the European Union, otherwise known as the EU. The referendum was held on 23rd June 2016, when 52% of the UK voted to leave. The UK has, in recent years, had a close relationship with Europe. It was one of the original six countries that formed the EU in 1958.

What was the result of the referendum?

The majority (52%) of people voted to leave the European Union. 48% voted to remain. Turnout for the vote was 71.8%, with more than 30 million people voting nationwide out of 46 million eligible voters. Most MPs wanted voters to stay in Europe, but the referendum result dictated that they would not.

What happens after Brexit?

The UK left the EU by January 2020 (two years after Article 50 was triggered), which means all current rules and laws within the country will no longer apply. Negotiations are still occurring between both parties, with trade deals a key priority. The impact on the UK economy will be closely monitored in the coming months and years, as the pound fell to a 31-year low following the referendum results.

Conclusion

Moving to another country outside the U.K is one of the many options that British expats will have to consider after Brexit.  For many UK nationals, expats, and retirees, the European Union (EU) permits freedom of movement to enable them to travel everywhere in Europe for business or pleasure. So, if you’d love to relocate to one of the best countries, refer to the ones listed in this article.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

The UK’s exit from the European Union has left many British residents and expats in a state of uncertainty. Many Brits who have lived within the EU for years have to consider their options, including whether or not they should remain living in the regions where they currently reside or if it would be more practical to relocate to another country.

As an EU member state, there were certain rights and privileges associated with residing in another country than one’s home nation. For example, the ability to freely travel within Europe was a major benefit of life as part of the Union. Now that Brexit has taken place, it is likely that these benefits will no longer be available to Brits living abroad – at least not without restrictions.

This leads many Brits to consider other member states of the EU that may offer them similar experiences while also allowing them to maintain ties with their home nation. France and Spain are popular alternatives to the UK for British expats hoping for a new life abroad; however, several other countries in the EU are becoming increasingly popular.

Today, we will walk you through the best countries for British expats to live in after the Brexit. Have you been looking elsewhere to get the right information about this context? Look no further! This is the right platform, as we’ve got you covered with the best tips and guides from an expert.

Top Countries for British Expats to Live in After Brexit

1.    Ecuador

Many British expats are starting to head south of the equator, as Ecuador is gaining an international reputation for being a hip yet a laid-back place where retirees can live out their days. The weather in Ecuador is around 80 degrees Fahrenheit year-round with little seasonal variation.

Healthcare is also much cheaper than in the United Kingdom, with medical procedures costing as little as a tenth of what they would back home. The cost of living is also extremely reasonable, with renting apartments being around USD 500 per month while typical food prices are at least 30% cheaper than in the UK.

Ecuador only recently abolished its military (in 2008), and therefore it boasts one of the smallest defense budgets in South America at about $50 million. Most of the country’s defense equipment is from the United States and will be replaced by newer equipment produced locally.       

2.    Australia

The second-best country for British expats to live in after Brexit is Australia, as the government has passed legislation to make it easier for retirees to gain citizenship there. The Australian Bureau of Statistics reported that people aged 65 and over grew by 14% between 2009 and 2010 alone, which demonstrates how much demand there is for retired expats.

Although the country does have a higher cost of living than Ecuador, that’s mostly attributed to its far higher wages. Citizens are also entitled to free healthcare and other benefits such as unemployment insurance. The biggest attraction for retirees choosing Australia is the weather, with temperatures ranging from 70-80 degrees Fahrenheit all year round and very low rainfall.

3.    Malaysia

Malaysia might be one of the more surprising picks for countries British expats should consider moving to after Brexit, especially since its closest neighbors are Muslim-majority nations where Sharia law is enforced. However, Malaysia is actually quite progressive regarding religious freedom and women’s rights, so living there as an ex-pat is much easier than it might be elsewhere.

The cost of living in Malaysia is also fairly reasonable, with rent typically around USD 300 per month and food prices being cheaper than in the UK. The weather isn’t relatively as temperate as Ecuador or Australia, but it’s still warm enough for people to enjoy running outside and gardening during the daytime hours.

4.    Canada

British ex-pats looking for cold weather may want to consider heading up north instead of further south, as Canada is an ideal destination for people who like winter sports and activities. This makes it especially attractive to retirees who plan on spending most of their time indoors. However, the northern climate does make it necessary for most retired expats to own their homes or pay for private accommodation.

Canada is also famous for its universal healthcare, which means that retirees don’t have to worry about how to afford medical treatment should something go wrong. Canadians are also known throughout the world as being very friendly, so there’s a good chance you’ll make some British friends once you move there.

5.    New Zealand

Another country for British expats to live in after Brexit is New Zealand, as it offers a high quality of life at very reasonable prices. The growing number of retirees moving to New Zealand has led it to create an Extraordinary Skills visa that allows people with those qualifications to move there quickly. However, it’s also possible to move without any qualifications.

Like Australia, New Zealand is very easy for people looking to retire outside of the EU. The healthcare system is open to all citizens and expats alike, with even foreigners paying the same rates as locals whenever they visit a doctor or hospital. Rent prices are low enough that even retirees on fixed incomes can afford to live in New Zealand for the rest of their lives.

6.    Belize

Another Central American nation that is fast becoming a hotspot for British expats looking to retire in the Caribbean is Belize, which has some of the most beautiful beaches and warmest climates in the entire region.

Since the country is located along several shipping routes, it can be reached relatively cheaply from North America and Europe. One thing Belize has going for it is its stable economy and low unemployment, which should make it easier for expats to find work as self-employed professionals.

The cost of living in Belize can be very reasonable, especially for those who like to spend their time fishing or relaxing on the beach. Belize offers a lot of value for the money and is a great destination for British retirees exploring other regions besides Europe and Asia.

7.    Mexico

British expats should definitely consider Mexico one of the top countries they can move to after Brexit, as it has become very popular with retirees in recent years. The vast majority of expats moving to Mexico plan to live in Cancun, Playa del Carmen, and Puerto Vallarta. However, there is a growing number of retirees who prefer to live inland where property prices are cheaper.

Mexico’s property market continues to grow every year, with many new developments being developed by foreigners looking for an opportunity to invest their money. Retirement visas can be obtained fairly quickly as long as an applicant has enough money to retire comfortably. Still, the main drawback of living in Mexico is that it doesn’t play host to too many British expats.

8.    Bulgaria

British retirees looking for cheap property and a warm climate may want to consider moving to Bulgaria, which like other Central European countries, has low real estate prices. Thanks to the ongoing development of its tourism and healthcare industries, Bulgaria is able to offer a higher standard of living than many other European nations, which means that British expats won’t have to worry about having enough money for their retirement.

Another thing that makes Bulgaria attractive to British retirees is its relaxed attitude regarding visas; as long as you can provide evidence of a regular monthly income, you’ll be able to move there and live in relative comfort.

Although Bulgaria is a relatively small nation compared to other European countries, it’s big enough for expats to find lots of great places to explore and enjoy the kind of life they’ve always dreamed about.

9.    Panama

Although it doesn’t have the same kind of weather that you can expect to find in other Central American nations, Panama makes up for it with its high living standards and excellent infrastructure. The nation’s economy is growing very quickly, which has led to an influx of foreigners looking for work – especially those who want to invest their money and retire there later.

Panama’s property market is also growing at a steady rate, which means that British expats who want to retire in the sunshine and live an active lifestyle won’t have any trouble finding great deals on land or property.

As long as you can provide evidence of a regular monthly income and make sure you don’t stay longer than 90 days without applying for an extension, you’ll be able to live in Panama without any problems.

10. Peru

British expats looking to retire in one of the most popular tourist destinations on earth can undoubtedly do so by moving to Peru. Although it’s considerably more expensive than many other South American countries, it’s definitely within their budget as long as they plan accordingly.

Considering how much British retirees spent per month before Brexit, they’ll find that Peru offers a lot of value for money. Even the cost of living in Lima is relatively low compared to London, which means that British expats should be able to save enough money for their retirement.

One reason why so many British tourists love holidaying in Peru is because of its rich history and fascinating culture. Although you can certainly see all of the country’s major tourist attractions during your first visit, it’s also possible to return on a regular basis without running out of things to see and do.