Two African locations in the Top 20 places to retire

A leading newspaper has
highlighted two African locations in its new guide to the ‘top 20 cheapest
places to retire’.  The Daily Telegraph has compiled a list of
20 unusual and cheap destinations for British pensioners to consider for their
retirement and the list includes two African towns.

Increasing numbers of people looking to leave Britain

The newspaper reports that
pensioners have been hit hard by the global financial crisis, saying: “Having
banked on being able to live off a steady stream of interest from their
savings, millions of people are discovering that the flow has turned into a
muddy trickle.  Retirement plans
are having to be revised, and more of us are investigating the possibility of
selling up and moving somewhere cheaper overseas.”

A leading website found that 2.5
million overseas property searches were conducted on its site in August 2011
whilst the Daily Telegraph reports
that ‘17 per cent of people with more than £250,000 worth of savings and
investments are considering leaving Britain.’

If you’re looking for an African
destination to retire to, the Telegraph
highlights these two locations.

Marrakesh, Morocco

The newspaper reports that
Marrakesh ‘can be very relaxing’ and recommends that you ‘sip mint tea on your
roof terrace, then plunge into the bazaar and visit the city’s pulsing main
square, the dramatic Jemaa el-Fnaa.’

A four bedroom, four bathroom
property with plunge pool and large courtyard in the Old Quarter of Marrakesh
would cost around £370,000, according to the newspaper.

Sharm el Sheikh, Egypt

The popular uprising in the
country has not had a major impact on this Red Sea resort.  Retiring here guarantees you great
weather all year round and the average sea temperature is 24C.  And, a litre of petrol costs you just
21p.

A one bedroom apartment in the
resort with terrace, balcony and communal swimming pool can be snapped up for
just £30-35,000.