No place like home?

The strong euro has changes plans for those living and wishing to live in Tenerife and Spain

The strong euro has changes plans for those living and wishing to live in Tenerife and Spain

It seems there really is no place like home. New research has discovered that UK expats are returning home in their droves as the weak pound has sent the cost of living in the Eurozone soaring.Over the last year, there has been a huge rise in the number of expats living in Europe looking to return home to the UK.

Research  for home-movers, has seen an uplift in demand for removal quotes from those expats wanting to relocate back to the UK - a big turnaround from the exodus of Brits in recent years to enjoy warmer climes and cheaper property prices elsewhere. The number of people requesting quotes to move to the UK has increased by 37 per cent, while there has been an 18 per cent decline in the number of people moving from the UK to the continent in the space of a year

Spain has  seen an exodus in the past year, with a 39 per cent increase in the number of quotes to move to the UK. Traditionally the most popular haven for British expats seeking to retire in the sun, Spain has suffered from a devastating property crash, leaving many owners with depleted equity and high living costs due to UK pensions being paid in pounds not euros.

Many expats have had their dreams shattered by the current economic crisis and are finally realising that they can no longer afford to live in Europe with the weak pound. For those who kept their options open by retaining a property in the UK the situation is not so desperate but for many who sold up completely and are now unable to sell their European home, their only option is to rent back in the UK.

We have seen a sharp decline in the number of people moving out to the continent in the past twelve months as a result of the weakening pound and stretched finances in the UK. This has resulted in many would-be expats putting their aspirations of retirement in the sun on hold until the markets recover.

British Expats gain better quality of life and are financially better off

British Expats enjoy a better quality of life in Tenerife

British Expats enjoy a better quality of life in Tenerife

British expats who have moved abroad are gaining a better quality of life and becoming financially better off.

That’s the view found by the latest NatWest International Personal Banking Quality of Life Index, carried out in conjunction with the Centre for Future Studies.

They surveyed British expatriates from across the world and discovered that, despite the global economic downturn, 98 per cent said they had made a good decision when they chose to move abroad.

For 62 per cent of people, the move abroad was triggered by a feeling of dissatisfaction at home. Life abroad is better than expected for 86 per cent, and 92 per cent claim to be happier living abroad than they were back home in the UK. Encouraging news for anyone thinking about doing the same.

It’s good news on the financial front too, as 87 per cent of expats said they believed they were better off now, despite the recession. Sixty three per cent of people had left the UK with less than £5,000 in savings, but working abroad doesn’t seem to have posed too much of a problem – seven out of 10 people now earn between £50,000 and £85,000 per year.

The research also looked at the countries offering the best quality of life. The number one spot was taken by New Zealand, which was rated top-notch for its low cost of living, low property prices and favourable tax regime.

Spain and Tenerife in particular are still very popular because of the great climate, particularly Tenerife and the quantity, price  and ease of flights from and to the UK

The grass is not always greener!

The Grass is always different, if not greener!

The one thing that seems to unite this growing wave of émigrés is not age, or class or even wealth, it’s the shared opinion that the UK is going to the dogs and the politicians seem oblivious or powerless to do anything to change it! This is translating into an attitude of ‘the grass is greener’ abroad and there appears a huge head of momentum for us to desert Blighty and flock to a place in the sun.

In many cases the seeds of these ‘dreams’ are sown on holiday. After a few days in the sun, unwinding and relaxing, you suspend the reality of your life back home and enter that blissful, dreamy, stress-free state of “no shoes no news”. The school runs, the office politics and the bad weather temporarily fade becoming a dim and distant memory. This is a dangerous place to be, at least psychologically. Your guard is down; all the things you hate about your life and circumstances back home are suddenly and painfully magnified by the perfect life you could lead abroad. Right here, right now, under the shade of this palm, cocktail in hand, looking out over the shimmering azure horizon. The really crazy thing is that you’re normally risk averse, sensible and sober partner, is also seeing the possibilities and actually agreeing with you for once……….

Grant and Jemima, fantasising about their escape to Tenerife….. “Darling just think for the price of our terrace house in Battersea we could buy a farm, pay off the mortgage and put £150k in the bank for a rainy day”. “Tabitha and Tarquin can learn Spanish, I can paint water colours and you can do odd jobs and a bit of writing, what do you think?” “Yes! We could grow our own vegetables, keep a few goats, pick olives and tread the grapes. It’s a much healthier outdoor life for the children. Have another glass of Rioja darling”……..

Or Kevin and Shaza from the North West of England, deciding to start afresh with their kids Britney and Dylan, by opening an ‘All day breakfast’ bar in Benalmadena. This despite the fact that their only previous experience of bar ‘work’ was getting bladdered every weekend in the local!………”Well Shaza it’s sunnier than Bolton, Blackburn or even Blackpool! The beer, fags and rent’s cheap and more people speak English here then back ‘ome. We’ve nuthing to lose!”

As an abstract dream it all works. However, as the end of the holiday looms and with it the realisation that they are going to return home, to clamber back onto the treadmill of their daily lives, the haze of optimism is soon replaced by the ‘black dog’ of reality. There is however always the lifestyle media, ably led by Channel 4’s ‘A Place in the Sun’ and ‘Pay off your mortgage in a Year’ (by seemingly trebling your debt to buy over-priced property abroad, on the assurance of a commissioned sales person that it’s a good investment), to lift your spirits. These and a plethora of other ‘foreign adventure’ programs such as BBC 2’s, ‘Get a new Life!’ try before you buy emigration program only serves to reinforce the idea, that a better, utopian existence awaits them abroad.

It seems that there is a push and pull effect in action. The push to leave is driven by people’s negative perceptions of their work/life situation at home in modern Britain: - bad weather, high taxes, increased immigration to the UK (ironically), crime, European regulations (loss of power to Brussels), high cost of living, poor schools, poor health service, the pensions crisis. Also New Labour’s style/spin over substance (now being copied by the Conservatives), lack of a credible opposition party, long working hours, traffic congestion etc. Basically it appears that the materialistic, consumption driven, rat race we are all caught up in at home, has led us to an overwhelming sense of helplessness. This feeling of not having sufficient control over our lives leaves us feeling unhappy about the quality of life we are leading. We feel unfulfilled and guilty about the sort of present, let alone the future, we have created and are creating for our children. These feelings manifest themselves as increased anxiety and stress levels and this is one of the main causes of so many people looking for an escape route or way out.

On the other hand there is the pull to arrive in a new sunny place and start a new life: - better weather, lower taxes, lower crime, a slower pace, lower cost of living, better schools, good health care and generally a better quality of life. Immigrants! Well we’re the immigrant, so what’s the problem?

It appears many wage slaves are saddled with an omnipresent sense of “so much more of life’s millstone to tread”, ahead of them in Britain. They view a life in the sun with rose tinted glasses, as if to blind. This rose tinted view is encouraged and enhanced by the polar opposites of what people want to escape from and what they believe they are escaping to. This is to ignore the perceived wisdom, that when you live and work in a place where you’ve previously holidayed, the place you thought you knew and understood as a tourist, is often very different in reality. This is to state the obvious, but often overlooked fact, that living and working abroad is a whole different circumstance from holidaying, down timing and chilling.