Spain topped the survey with Australia and Cyprus also featuring in the top five.
Despite the Eurozone crisis and weak economy in Spain, it has been revealed as the top retirement destination for Brits.
This was the findings of MGM Advantage after the retirement income specialists conduct research revealing that buying a property in Spain and moving there at retirement is age is still proving to be a popular choice for pensioners.
France was the second choice whilst Ireland, Cyprus and Australia also made the top five choices.
It seems that many Brits are keen to up sticks and head to a sunnier and warmer destination when they finish working, unsurprising considering the continual poor weather in the UK.
Pensions Technical Director at MGM Advantage Andrew Tulley said: “Retiring abroad is a dream for many people.
“The thought of an easier pace of living, better weather and potentially cheaper property than the UK can prove a strong draw.”
These recent findings correspond with recent reports from Marc Pritchard, Sales and Marketing Director of Taylor Wimpey de Espana who highlighted the fact that people who were potentially thinking of moving to Spain should look at the merits of doing so now and should ‘strike while the iron is hot’.
Pritchard added: “A favourable exchange rate between sterling and the euro combined with Spain’s dip in real estate prices have meant that Spanish property is more attractive to buyers than ever before.”
He also added that current pensioners should make a purchase now as a potential tax increase could come into force as early as January next year.