Planning for retirement in Cape Town comes down to a few factors. Just as retirement anywhere else in the world depends on your future goals, financial planning and current requirements, retirement in Cape Town will depend on these same factors. Over and beyond the basics of financial planning, there are a few other things to keep in mind if you have always dreamed about spending your later years in Cape Town. In this guide, we share some tips.
Location.
First things first, you will need to think about which part of Cape Town you’d like to retire to when the time arises. There are a few areas that have become popular with retirees, including the False Bay coastline and the Atlantic Seaboard area. For those seeking a quiet location that is still accessible to the city, the Cape Winelands is an excellent choice. This area is one of the most scenic destinations in the Cape while offering a variety of things to see, do and discover.
Housing.
The next thing to think about is the type of property you will need. Your choices here include apartments, free-standing homes, group living homes, and estates. Retirement estates or villages can be the ideal choice for numerous reasons, from security to access to healthcare. They can also provide a sense of community – something that is essential during retirement. As for the house itself, look for property that is safe and fully equipped with everything you need.
Cost of living.
Cape Town has a relatively high cost of living in some ways and a lower cost of living in other ways. If you are based outside of Cape Town or South Africa, you will get plenty to the Dollar, Pound or Euro. Yet another reason to choose a retirement village that there is a reduced need to spend extra on dining and activities, as well as travel costs as everything is accessible within the estate.
Health.
Finally, access to health care is another thing to consider. Cape Town is home to some of the best hospitals in South Africa, with a number of private medical centres to be found from coast to coast. In a retirement estate, you will be able to access health services around-the-clock.
Find out more about planning your retirement in Cape Town and contact us today.
