Retirement used to mean that the time had arrived for you to sit back and put your feet up.
You were able to relax safe in the knowledge that your hard-earned pension was sufficient enough to support you in your golden years. Sadly all this has changed because as life expectancies have increased, pensions have gone down.
With interest rates next to nothing and a startlingly low pension of just £5,587.40 per year, retiring Britons are looking for other ways to fund their retirement. This desire to maintain a steady income after they have given up their day job means that retiring couples are looking for renovation projects that can breathe new life into old building and thus, provide a handy extra income.
This trend of using your new property to generate income has led the Overseas Guides Company to investigate what is on the market that might be suitable. We came across this property for sale in Corfu, close to the village of Nisaki, which is divided up in to five apartments. Each room has two bedrooms, a bathroom, a kitchen and a balcony looking out over the blue ocean.
The property is on the market for £417,000 through leading agent Corfu Home Finders and has the potential to be run as it is or converted into two luxury apartments. There is also ample space to build a swimming pool for guests, and yourselves to enjoy.
If you wouldn’t call yourself a “people-person” but still desire a challenge and an additional income, perhaps this property for sale in Dordogne is for you. On the market through property agents, Beaux Villages, this property comes with 14.5 hectares of working vineyard and all agricultural equipment is included in the sale.
The main house has five spacious bedrooms which all benefit from large windows and beautiful high ceilings. There is a self-contained apartment within the house which can be used as an annexe or as holiday accommodation. The huge amount of land means that there is plenty of space for expansion. This could be your chance to run a thriving vineyard and can be yours for £573,000.
For details of properties for sale in France or Greece visit the listings on Rightmove Overseas. One way to save money when buying in France, or moving there, is to use a currency specialist when transferring your pounds into euros to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.
To understand the full step-by-step process to buying a property in France or Cyprus, collect an Overseas Guides Company’s Buying Guide. For France click here or for Cyprus here.