W Cape great for retirees

Comfortable Lifestyle: Why Province is a Top Retirement Destination for Foreigners

- Hardi Swart

After spending a month in Australia with my family in December last year, I realised that South Africa, especially the Western Cape, is an incredible place to retire, particularly for foreigners earning their income in dollars, pounds, euros, or Australian dollars.

Here are five financial reasons why the province is an attractive place for expats to retire:

1. Affordable cost of living with a high quality of life Compared to places like Australia, the Western Cape offers an affordable cost of living while maintaining a high standard of living. Housing, utilities, and health care are far less expensive.

Housing: Property prices in Cape Town, Stellenbosch, and Knysna are significantly lower than in high-cost cities like Sydney, London, or New York. Whether buying or renting, foreigners can enjoy luxury living without the hefty price tag.

Day-to-day expenses: Dining out, leisure activities, and transport are generally more affordable, allowing retirees to enjoy a comfortable, active lifestyle without overextending their budgets.

For retirees with income in strong foreign currencies, the Western Cape enables a higher standard of living at a fraction of the cost, making it a financially rewarding destination.