Poll Finds 70% Of British Expats Unlikely to Return Home

Poll Finds 70% Of British Expats Unlikely to Return Home

With the wonderful sunshine and Mediterranean lifestyle

its no wonder why no one wants to go back to the cold of

northern europe

The decision to become an expat is not something one takes lightly. It can be stressful to uproot your entire life. If you plan carefully however, then you’ll likely have a positive experience. Things are so good for expats, in fact, that a recent poll of British expats suggested that 69% of them had no intention of ever returning home.

The survey was conducted by the financial services organisation deVere Groups. It found that many British expats are very happy with their current lives as only 10% said that they would consider moving back home to the UK, with only 21% answering “maybe” they would go back.

One of the main reasons that Brits move abroad is to findwork, with just under a quarter of those polled saying they moved for their jobs.

The survey looked at around 1,000 Brits living abroad in countries such as Spain, Australia, the UAE, and South Africa. It shined a light on the main motivating factors behind Brits moving abroad, what the expat life is like, and their long-term plans.

One thing of note was the discovery that 72% of Brits still send some money back the UK regularly, either adding to their savings account or supporting their family members. Of the people polled, 87% of respondents said that they had an easier time saving money after moving, while the majority added that they had a better quality of life compared to life at home.

The CEO of deVere Group Nigel Green says that more Brits than ever are living outside of the UK. There are now officially 5 million Brits living overseas, but it’s believed that the real number is higher as many expats don’t take the time to register themselves with the authorities of their new countries.

Green added that if one were to extrapolate the data from the poll and put it against the number of official British expats, it would mean that around 3.5 million Brits living outside of the UK had no desire to ever come home.

Green said the survey shows that many people considering a move abroad can expect to have a fulfilling and rewarding experience. There are a number of reasons for this, including better career opportunities, a lower cost of living, a higher quality of life, top-notch education and childcare, lower crime levels, and great weather.

Even though many expats currently believe that they will stay outside of the UK – and precious few studies have been conducted on the return rate of long-term expats – there is evidence that suggests more than the 70% of expats indicated in the survey will come home to the UK one day. ManyBritish retirees living in Spain will usually return to the UK when they near the end of their lives, in order to spend time with their family.

70% of Homes sold in Malaga Between January and July Sold to Foreign Buyers

 70% of Homes sold in Malaga Between January and July Sold to Foreign Buyers

Costa del Sol will always be in demand due to

location, lifestyle and the weather

People have known for a long time that the Costa del Sol has always been the main interest for foreign homebuyers and tourists looking at Spain. It’s the home of golden beaches, various resorts that fit all budgets and tastes, and the best and most affordable homes across Spain. Overall the Costa del Sol stands above, and beats out, the competition.

The providence of Malaga encompasses some of the biggest regions in Spain including the Costa del Sol, Nerja, Marbella, Estepona, and Malaga itself – which stands as a beautiful atmospheric city filled with culture and ancient wonder. There are also inland areas to Malaga so it’s no wonder that foreigners are always looking towards it.

Data released this week shows just how popular the property markets in Malaga truly are. The Notarie’s Assocation of Spain say that 70% of all the homes bought in Malaga between January and July were sold to foreign buyers.

To put it into actual numbers this accounts for 4,978 property transactions by non-Spaniards; an increase of 16.9% over the same time period in 2015. Across the whole of Andalucía, which includes Seville, Cádiz, Seville, and other provinces, there was an increase of 18.9% in foreign buyers in 12 months.

When taking domestic buyers into account there was a 10.1% increase in overall property sales in Andalucía between January and July compared to 2015. House prices were on the rise as well; an increase of 2.6% which is double the 1.3% national average.

Brits were responsible for a quarter all of the homes sold to foreign buyers in the Costa del Sol, further showcasing the love affair that Brits have with the Costa del Sol and Spain as a whole.