Brits dream of owning a place in the sun

Tuesday, January 18, 2011

Brits dream of owning a place in the sun

Nearly three in four Britons - 72 per cent - would consider moving abroad to a warmer climate, with Australia top destination for emigrants, according to research conducted by foreign exchange provider, Moneycorp.

Australia is the favoured destination for Brits seeking a new start abroad, with 27 per cent of those surveyed eyeing up a life down under. Australia is particularly popular amongst the middle-aged, with 33 per cent of those individuals looking to move to Australia aged between 35 and 44. Other popular destinations include the USA (12 per cent), Spain (nine per cent), Canada (seven per cent), France (seven per cent) and New Zealand (four per cent).

The most, the British weather is the main reason to escape overseas, with a quarter – 24 per cent - of those considering emigrating citing climate as one of the reasons for going. The most popular reason is general quality of life, with over half - 52 per cent - of respondents suggesting that a lifestyle change would tempt them abroad. Other key factors include the UK economy - 16% - and the UK political environment - 12%.

David Kerns, Personal Client Dealing Manager at Moneycorp, comments: “Government cuts, tax increases and one of the coldest winters on records have made many people in the UK dream of starting a new life abroad. As we move into what is thought of as being the most depressing time of year, we expect to see a rising number of enquiries to Moneycorp from those looking to make a new start in places such as Australia, the USA and Spain.”


A Place In The Sun