There has been a notable increase in the number of people wanting to step off the property ladder and rent in retirement because of the various benefits it offers, but where in the UK can people expect to enjoy the best quality of life in retirement?
Fresh analysis carried out by Prudential has identified West Sussex as the number one county where pensioners have the highest quality of life.
The Prudential Quality of Retirement Index, which reviewed nine indicators of ‘happiness and comfort’ for people in retirement in England and Wales, also ranks Dorset and East Sussex in its top three most attractive retirement counties for pensioners.
Prudential used data to rank places including disability-free life expectancy, access to healthcare, crime levels, pension income, weather and happiness.
However, these locations are also some of the most expensive places to live in the UK, which can price out retirees looking to downsize and move.
Gillian Girling, chief executive of Girlings Retirement Rentals, said: “The South Coast has an enduring appeal for retired people with beautiful countryside and coastal scenery, good weather and vibrant towns and cities. However, the popularity of the area is reflected in the higher than average property prices, which can be a barrier for people looking to relocate.
“A more affordable option than purchasing a retirement apartment is renting on an assured tenancy. Assured tenancy renting really suits retired people as it offers long term security as people can choose to stay as long as they want.
“There are other benefits too – people no longer need to worry about any property maintenance or service charges.”