By Staff writer
Singapore, Hong Kong and the UAE are among the favoured destinations for quality of life, according to new research
A new survey has found the number of British expats who move abroad for life has dropped by nearly 50 percent, with the majority now aiming to move home after a few years earning their savings overseas.
A survey by lender NatWest in 2008, at the height of the global recession, found that two thirds of British expats considered their move abroad as permanent and few returned home.
However, a similar survey carried out this year found the number who plan to move abroad for good had dropped to less than a third, with the majority planning to return to the UK once they had earned enough money.
The research, which questioned around 2,600 expats, found that half of those surveyed were working on ‘temporary assignments’ abroad, compared to just one in 10 in the survey in 2008,
The demographic of British expats has also changed, with one in four aged between 25 and 35, compared to the age group accounting for just one in six four years ago.
Women now also account for half of British expats, compared to just a third in 2011. When asked which locations were the best for quality of life, Singapore topped the list, followed by the UAE and China.
The survey of 2,600 expats revealed that over eight in ten British expats in Singapore had seen an increase in their overall quality of life since moving to the island nation.
“Our index has seen your typical expat change significantly,” Dave Isley, of NatWest International Personal Banking, was quoted as saying by the Daily Mail.
“Previously, moving abroad was a huge life commitment which would entail a complete upheaval for all involved. With the advances in remote working and new means available to keep in touch with family, people are more prepared than ever to pack their bags in search of both adventure and a way to improve their career prospects.”
Its time to read between the lines
What with this article, and others on increased inflation and moving out to the suburbs, it all adds up to a worrying time, again.
Interesting to see what will happen once the VAT is eventually introduced.
Rising Rents, Food Inflation, Increasing Water/ electricity Rates, Job dissatisfaction, No pay raises, Regional Wars, Low International Oil Prices ( though DEWA, ADEWA now charging more) , polluted hazy air,high school fees---do i have to go on and on.
Atleast in the UK, with my 40% tax, i get lower food prices, stable rents, property ownership, property appereciation, pension plan, free schools, free school lunches, free college (Scotland), free healthcare...
In other words have nothing to show for my Middle East stay