Grey pound crowds the coast - TheMoveChannel.co.uk

(EMAILWIRE.COM, July 29, 2009 ) UK - Â‘Oh we do like to be beside the seaside, yes we do like to be beside the seaÂ…Well, tough - seaside towns across the UK have become so popular with retirees seeking some bracing sea air that they are too full to accommodate any more Â– forcing more and more to take their money inlandÂ…

My 85-year old Grandmother refused to have tea with me in the Wishtower cafÃ© on Eastbourne seafront as it was Â‘too full of old people.Â’

SheÂ’s got a point. Eastbourne on the South coast is one of the most popular places for those seeking a seaside retirement and its boardwalk and town centre are both full to bursting with the power of the grey pound.

But, before you start packing your smalls and dreaming of a new life by the sea, just hold on a second. The majority of the popular seaside resorts such as the aforementioned Eastbourne, Bournemouth and Worthing are so chocca that they are hanging out the Â‘no vacancies sign.Â’

Thus, many retirees are now being forced to ditch the seaside dream and move to a place further inland, or buy a home in a smaller and less well-known coastal town.

The sheer number of pensioners has gone off the scale over the last few years as the average life expectancy has risen almost by 20 years over the last 50 years. The number of OAPS is even expected to increase by another 2.4 million over the next decade.

Now, new research from consumer research company Experian has found that there are five types of retiree.

At one end of the scale is those enjoying a Â‘Golden retirementÂ’ on their various assets and moving to popular areas such as Exeter, Chichester, Norwich and Canterbury.

In the middle are the Â‘Beachcombers,Â’ Â– those who seek out smaller coastal or riverside towns; and at the other end of the scale are the Â‘Bungalow QuietudeÂ’ lot, which include those with fewer assets who moves to less popular areas such as Peterborough or Lincoln.

For more information on UK property and the market in general, please visit http://www.themovechannel.co.uk/

-ENDS-

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Dan Johnson
Managing Director
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0207 952 7650

TheMoveChannel.com
Dan Johnson
020 7952 7650
dj@themovechannel.com