Cuenca offers UK expat retirees everything at great prices

Published:  19 Nov at 6 PM
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As popular European destinations become more expensive and less accessible due to Brexit, UK retirees are being urged to consider crossing the Atlantic and heading south!

Whether it’s Brexit, diminished savings due to the financial crash or poorly-advised investments, an increasing number of British retirees are fearful their monthly pensions won’t cover their expenses in the UK or in Europe, especially should private healthcare insurance become mandatory. Dream retirements after a lifetime of work definitely shouldn’t include money worries, but many are finding their long-planned retirements are threatened through no fault of their own.

For decades, countries such as Ecuador and several other destinations well south of the USA/Mexico border have been popular retirement hubs for American pensioners, and are now being looked at seriously by Britons and other Europeans. The US state pension is far more generous than its UK equivalent, with the majority of US expat citizens living a life of comparative luxury as a result, but those on smaller allowances can still live very well In Ecuador.

The expatriate community in Cuenca, whatever their average pension incomes, are there for many more reasons than just the warm weather. Notably cheaper accommodation, cheaper meals out, cheaper travel and far cheaper health insurance are all part of an attractive parcel. Living large involves luxuries such as a weekly housekeeper, massages, facials and suchlike, luxurious accommodation, meals out in good restaurants and spare cash for special treats. In all, a retired couple can live the dream for around $1500 to $2,000 a month, far cheaper than in the home country.

If the high life isn’t an absolute necessity, a British retiree couple could cope very well on their combined state pensions, just using capital for emergencies or holidays elsewhere in the region. As regards getting around, local transport for pensioners costs literally a few cents per ride, and local taxis can be had for between $2 and $3 for a cross-town journey. Most importantly, utility bills cover electricity, sewage and water for around $60 a month, but the best bargain of all is Ecuador's 100 per cent coverage healthcare plan for around $80 a month, including pre-existing conditions and with no age restrictions. Another bonus is the generous return on investments, at present running at around 9 per cent per year. Cuenca may well be a refuge for USA expats, but it’s also perfect for British pensioners.
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