Overseas retirees 'must consider costs'

France is the ideal place for anyone thinking of retiring overseas but experts warn that as with any move away, it is important that roundtrip transaction costs are taken into account.

Experts are urging retirees to ensure they are up to speed on any legal issues, taxes or costs which may arise, after a report revealed that some European countries demand higher transaction fees than others.

Russia and Bulgaria have high transaction costs

This, according to the Global Property Guide, can make retiring abroad more expensive than it may initially appear.

The report cites countries such as Russia and Bulgaria as being particularly costly, with the roundtrip transaction costs for the former reaching as much as 25 per cent of the purchase price.

Retiring to France

France is still one of the best places for any pensioner to head if they want to remain close to family and friends in the UK but experience a new way of life.

Although learning a new language can get trickier the older you get, most UK expats recommend that retirees have a go at learning French before they head out.

It is also advisable to choose a home near shops and other people or a retirement village in France, especially if you have difficulties with mobility.

Breaking French Property News brought to you by 1st For French Property specialists in Dordogne property for sale.

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