Expats are happy with life in Tenerife and Spain
The “Happiness Index” survey carried out by Post Office International Payments suggested that 70 per cent of expats regard themselves as very happy with their new life, although almost two thirds admit to feeling pressure on their personal finances. 60 per cent of those who responded said they feel a greater sense of community in their new country compared to the UK.
Using Survey Monkey, the Post Office questioned 710 Post Office International Payments customers with properties abroad, of whom 233 were expats living permanently abroad. The survey showed that people from London and the South East are the most likely to emigrate – 39 per cent of all expats questioned were from this region. The most popular countries for those surveyed to emigrate to were France, Spain and the Canary Islands.
Reasons given for leaving included searching for a better quality of life, finding a place to retire or gaining new “life experiences”. Sarah Munro from Post Office International Payments said: “Though the vast majority of people who relocated abroad are much happier in their adoptive countries, even just moving across the Channel can feel like worlds apart from your old life in the UK.”
Source: Telegraph Online
By Angela
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Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife
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Tagged Canary Islands, Channel, France, Happiness Index, life, Post Office, quality, retire, Spain, Survey Monkey, Tenerife, UK|
September 29, 2009 – 4:27 pm
Pensioners in Tenerife and overseas are not smiling as much since the recession.
Almost half of Britons abroad who are sending money back to the UK are aged 65 and over – suggesting that those pensioners who retired to the sun have been hit hardest by the recession and are being forced back to the UK.
Currency specialists such as Moneycorp and HiFX has seen a 180% increase in the number of euro to sterling transactions and a 111% increase in the number of US dollar to sterling transactions in the past six months, compared to the same period last year.
Not only are more over 65s repatriating money, but they are also sending home larger amounts. This suggests that they are selling up property and returning home. In the last six months almost a third (32%) of the transactions over £70,000 have been made by over 65s. They have calculated that British pensioners living in Europe have potentially lost out on almost €10billion of their income in the last two years due to the falling strength of sterling. When faced with this drop in their income, it’s no surprise that some pensioners are finding themselves forced to sell up.
Certainly this has been seen in Tenerife and the Canary Islands allowing the fortunate few with cash to obtain great property bargains.
By Angela
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Posted in Economy, General, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized
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Tagged abroad, bargains, Canary Islands, currency, Euro, Europe, experts, global, HiFX, money, Moneycorp, pensioners, Property, retire, sell, sterling, Tenerife, UK|
