Me Vancouver, Canada and for my office room- mate Port Charlotte , Isle of Islay. However according to recent research carried out by the Bank of Scotland, Edinburgh is the destination of choice for people looking to buy their last home for retirement.
Over 3000 Scots were asked in a recent survey to name where they would like to retire, even if retirement was some years away and our capital city topped the poll at 8%, followed very closely by Glasgow, the Highlands and abroad all tying at 7%.
Future ‘Last Time Buyers’ aspire to live in the Stockbridge area of Edinburgh (13%) over any other part of the city. Being brought up in Edinburgh I know this area well and with its architecture, colony houses, proximity to the Royal Botanic Gardens and Inverleith Park, plus ease of access to the city centre I can understand its popularity.
The Bank’s research showed that there were three categories of ‘Last Time Buyers’ :
- the majority of people wanted to retire in the area where they currently live or have always lived. 55% of Fifers want to remain there. 44% of those living in Glasgow and 42% of those living in Edinburgh want to remain in their respective cities when they draw on their pension.
There is then a fairly even split between :
- those looking for a quieter life , either by the seaside or in the country
- those wanting a more vibrant city setting
Robin Bulloch, Managing Director of Bank of Scotland explains “As a stage of life not usually focused on, it’s interesting to see where people would like to settle and buy their last home,” he added “With such a diverse landscape, Scots are really spoilt for choice.”
I have over 20 years of experience in Property Law. If I can help you buy or sell your home please call me, Alison Gourley on 0141 552 3422 or email me at email@example.com