OVERSEAS HOLIDAY HOME OR A PERMANENT PLACE IN THE SUN: BRITS ARE CHANGING THEIR SUNSHINE DESTINATIONS
As the number of British expats passes five million, a new league table from the United Nations shows the top 10 Brit populated countries
Aside from warmer climates and a better way of life, 26% of Brits would chose to buy property abroad to help ensure a better diet
New report from A Place in the Sun shows little correlation between current expat populations and Brits aspirations
The United Nations reported in 2013 that over five million Britons are now living outside the UK, however a new report published by A Place in the Sun has revealed that the actual figures do not correlate with Brits’ aspirations to live abroad or to own a holiday home overseas.
The United Nations league table of the top ten countries with the most expat Britons shows that countries where English is the primary language unsurprisingly come out top: Australia, USA and Canada. The rest of the top ten comprised of the popular holiday destination Spain, followed by New Zealand, South Africa, Ireland, France and a surprise to most, Germany at number nine.
A Place in the Sun’s annual top ten table compiled of the most searched for and enquired property destinations of 2015 shows different results with Spain, France, Portugal, Italy and Florida making their top five. This is in stark contrast to the UN migration figures and interestingly highlights a disparity in Brits’ preferences when looking for a holiday or retirement home compared to a permanent abode abroad.
Andy Bridge from A Place in the Sun says: “2015 saw a dramatic increase in the number of Brits looking to buy property abroad following the steep decline since the economic woes of 2008. With that seemingly behind us, with overseas property searches doubling between 2014 and 2015, buyers were clearly taking advantage of low prices and a beneficial exchange rate to buy overseas property. Not all property purchased by Brits outside the UK is bought as a primary home, for our property portal users it’s for holidays, retirement and to some extent, investment."
To delve deeper, A Place in the Sun asked 2,000 over 45 year olds why they would consider emigrating and found that Brits did so for a better way of life (74%), a warmer climate (70%), because they felt they could get more for their money (26%) and a better diet (26%).
Andy Bridge continues: “We have seen an increasing number of property searches in recent years. When comparing the top ten most searched and enquired locations against this UN data, there are more differences than similarities. The USA does feature, with Florida the key destination, however the majority are closer to home; France, Portugal, Greece, Cyprus with Thailand also creeping into the top ten. This can be attributed to the reason behind the purchase – a holiday home.”
To find out more about the possibility of buying abroad including the latest news and guides for all the top ten destinations, go to www.aplaceinthesun.com or visit one of the exhibitions held throughout the year in Manchester, London and Birmingham.