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At the rate we’re going, most Londoners working now will be lucky to retire in their 70s. But if you’ve already reached retirement age, congratulations, and listen up. A new study has named the top 20 places to retire in Britain, and one is here in the capital.
Pensions firm Legal & General ranked constituencies across the UK taking into consideration six different measures for wellbeing in retirement, which include housing, health, community, finances, nature and access to amenities. This was based on an analysis of a wide range of existing data including Office for National Statistics (ONS) figures, census data and housing and house price reports.
According to the analysis, most of the best places to retire in Britain are in the south east of England. As for the capital, the only location named in the list of 20 was Ruislip, Northwood and Pinner in outer London. This northwest London constituency came in 14th place with an index score of 68. London scored highly across the board when it came to access to amenities like pharmacies, supermarkets, post offices, banks, libraries and theatres, but the city was let down when it came to financial security and house prices.
Residents of Ruislip, Northwood and Pinner have access to plenty of green spaces, including Ruislip Lido and Pinner Memorial Park. According to Rightmove data, the average house price in Pinner is £733,053, while the average flat sold for £411,115 in the past year. House prices in Ruislip are a bit cheaper, averaging at £575,770 for the past year. But in Northwood it’s even more expensive, with the average house selling for £873,301 in the past 12 months.
The outer London constituency was beaten by Chesham and Amersham in Buckinghamshire, Beaconsfield in Buckinghamshire and Dorking and Horley in Surrey, which came in first, second and third respectively.
Lorna Shah, managing director, retail retirement, at L&G, said: ‘This research gives us a more complete picture of what shapes a happy later life. It’s not just about one factor – it’s the combination of health, social connections, environment, and financial security that all play a part in retirement wellbeing.
‘Financial security in particular, is an enabler for many of the other measures, giving people the freedom to choose where and how they want to live in later life.
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