Packing up and heading off for a retirement overseas is now becoming a more serious consideration for people", as the cost of living across he UK keeps on rising.

That is according to the over-50s services group Saga, which explained hat the current economic climate means that even those people who had originally intended to spend their golden years at home are now looking broad as they struggle to make ends meet.

Lisa Harris, spokesperson for Saga Travel Money, said: "The dream of retiring abroad has clearly become more realistic.

"House prices in the UK have increased significantly over recent years and many people sell houses in the UK and downsize at retirement or release equity from their main homes which gives them the funds they require to buy a property abroad."

According to the latest figures on the subject from the Institute for Public Policy Research, more than 3.3 million British pensioners are likely to be living abroad by 2050, a massive increase on the 252,000 that retire to the sun in 1981.

Australia, Spain, France and the United States are among the most popular destinations.


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