Things To Consider Before Retiring Abroad In Cape Verde

Many people choose to retire in another country

, often because they have found somewhere with a warmer climate and a cheaper cost of living where they can live in relative luxury on their pension. Locations such as Cape Verde are a possible choice for a retirement home.

However, retiring abroad isnt as simple as selecting a property in Cape Verde and packing your bags; there is a lot to keep in mind when making this important decision. Here are some of the things that you should consider when looking for a retirement property in Cape Verde:

Will you be happy living away from your friends and family?

Moving to your new real estate in Cape Verde will likely mean that you will not see your friends and family as often as you are used to. Of course, you will have the occasional visit, especially because Cape Verde is only a short flight from the UK. Also, with free internet phones such as Skype, keeping in touch from your Cape Verde property has never been easier. However, missing family is one of the main reasons why people who retire abroad give up and come home.

Do you know what it is really like?

Staying at a resort in Cape Verde for a week during the peak tourist season and having a great time is different than living in a Cape Verde property year round. Will you still love the location throughout the year? Before you decide to move to Cape Verde, it is recommended that you take a few longer stays at different times of the year to get a better picture of what it is like.

How adventurous are you?

Be honest with yourself. Are you eager to immerse yourself in a new culture, or are you happiest when you have all the comforts of home? Life in Cape Verde might be very different than you are used to, and whether or not you embrace the culture here will determine whether you are happy or homesick.

What can you afford?

While it is true that the cost of living in Cape Verde will be lower than in the UK, there are many extra costs associated with buying real estate in Cape Verde that you must consider. You will likely need to pay land registry fees, taxes, and surveyors fees on your real estate in Cape Verde, as well as bank charges, legal fees, and notary costs. Make sure that you have a realistic picture of your finances before you go.

Before you jump on a plane to Cape Verde, it is important to consider these points before purchasing a retirement home abroad.

by: James P Martin

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