Where Brits want to live abroad
15/05/2007
198,000 British citizens moved out of the UK during 2005, but when living, working or retiring temporarily or permanently abroad, the prospect of handling your finances overseas can be both a daunting and confusing prospect.
Britons Buying Property In Australia
Of those surveyed, almost three fifths of people (59%) who would most like to live in Australia were under the age of 45 with just 16% over the age of 65 years.
|
Age Of Person |
Percentage Of People |
|
Under 25 |
13% |
|
Over 25 to 34 years old |
21% |
|
Over 35 to 44 years old |
25% |
|
Over 45 to 54 years old |
15% |
|
55 to 65 years old |
10% |
|
65 years and over |
16% |
14% of people wanting to live in Australia were from the North West, followed by London at 12% and South East at 10%.
Britons Buying Property In France
Of those Britons who would like most like to live in France, over three quarters of people (77%) were under the age of 45 with just 3% under the age of 25 years.
|
Age Of Person |
Percentage Of People |
|
Under 25 |
3% |
|
Over 25 to 34 years old |
5% |
|
Over 35 to 44 years old |
16% |
|
Over 45 to 54 years old |
33% |
|
55 to 65 years old |
22% |
|
65 years and over |
22% |
One fifth (20%) of people wanting to move to France were from the South East, followed by West Midlands at 14% and North West at 8%.
People Who Would Like to Move Or Buy A House Abroad
In total, over two fifths (42%) of respondents had considered moving or buying a home abroad. Almost one half (44%) of these people were below the age of 45 years whilst almost two fifths (39%) were aged between 45 and 64 years of age.
|
Age of person |
Percentage Of People |
|
Under 25 |
8% |
|
Over 25 to 34 years old |
14% |
|
Over 35 to 44 years old |
22% |
|
Over 45 to 54 years old |
21% |
|
55 to 65 years old |
18% |
|
65 years and over |
17% |
People Who Currently Own Their Own Home Abroad
4% of people surveyed already owned a home abroad and two fifths of these were under the age of 45 years (40%.) One in five people (19%) owning their own home abroad was over the age of sixty-five.
|
Age of person |
Percentage Of People |
|
Under 25 |
6% |
|
Over 25 to 34 years old |
15% |
|
Over 35 to 44 years old |
19% |
|
Over 45 to 54 years old |
20% |
|
55 to 65 years old |
22% |
|
65 years and over |
19% |
Bank of Scotland International offers a range of services to suit the needs of British expatriates all over the globe. This includes everything from offshore banking and savings accounts, offshore mortgages and financial planning.
Tony Wilcox, managing director at Bank of Scotland International, said:
"It is the younger generation that continues to be attracted to moving abroad and Australia and France are clearly popular destinations.
"Living, working or retiring abroad can mean a whole set of lifestyle changes, including an impact upon your financial affairs. Expatriates have different financial requirements and when moving abroad it is important to have the right products and services in place."
Editors' Notes
For further information about Bank of Scotland International please visit http://www.bankofscotlandinternational.comor call 01534 825050 .
Research undertaken by GfK financial. A representative sample of 1321 were surveyed between 24th and 30th April 2007.
