Irish pensioners move to Italy

The Irish Independent newspaper revealed the government official figures that the number of people claiming the state pension abroad increased by 17% last year. That means more than 36,000 pensioners from Ireland are now collecting their privileges in another country.

Italy is highlighted as popular destinations for retirees, followed by France, Portugal and Cyprus. The reason for Italy as one of the main hotspots for senior expatriates is said to be largely because it offers several lifestyle attractions that are highly conducive to a pleasant retirement. Italy is famed for its laidback lifestyle and relatively low cost of living. The good climate is one of the main factors in its favor, as it offers pleasant weather all year round.

The high price of property in Ireland and the potential for capital growth in Italy drives the property investors and retirees to Italy. However, Italy is now attracting more lifestyle buyers rather than property investors, as the physical and cultural attractions of Italy are also in demand.

Mark Slaviero of professional property sales service Homes in Italy believes that Italy could prove to be wise investment choice for anyone looking for an overseas property purchase.