Moving Overseas - Why Do People Move Abroad?
A new study from Alliance & Leicester International (ALIL), the offshore savings bank, reveals the reasons why people are leaving the UK to live abroad.The main reasons quoted are:
- 52% are choosing to escape Britain's high cost of living, with the move designed to improve their standard of living.
- 40% of respondents said that they were moving abroad for a new start
- 40% of those questioned cited the UK's weather.
- 32% moved abroad because they were seconded as part of their job.
When it comes to deciding on a destination, the desert sunshine and bustling economy of the Middle East is an emerging expat hotspot, with over a 21% of people choosing to move there. Australia and the USA also remain popular destinations for expatriates to set up home, with Spain and France first choice in Europe.
Simon Hull, Managing Director of Alliance & Leicester International commented: "For the many people in a hurry to start a new life abroad, it is important to properly prepare for relocation. Moving country is not just a case of buying a house and packing your bags, it involves a lot of organisation. Those considering a move need to think about their financial arrangements, legal rights and other practicalities before waving goodbye to Britain. Often those tasks that appear most daunting, such as sorting out savings, are actually very straightforward."
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