New demographic group 'Freds' seeks value in Turkey

The problems faced by Freds include soaring UK living costs, a possible recession and a falling property market. Some Freds are also supporting children who continue to live at home because of the problems of obtaining an affordable mortgage. Many are now seeking relief in retiring abroad, with Turkey gaining in favour as a location where pensions and savings are likely to go further. Julian Walker, managing director of property agents Spot Blue, commented: “Countries that are less likely to be considered now because of the gulf between the weak pound and the mighty euro are Spain, France ...