British Expat Report 2024: Why More Brits are Leaving the UK
Dreaming of escaping the UK and starting fresh abroad has become a reality for more Brits than ever. But what’s driving this trend, and what does the expat life really offer? Currencies Direct’s British Expat Report 2024 gives valuable insights into why Brits are leaving the UK, where they’re going, and how this life change impacts their overall wellbeing.
The Motivation Behind Leaving the UK
With 39% of Brits considering a move overseas due to the rising cost of living, it’s clear that financial pressure is a major motivator. Beyond economics, the post-pandemic landscape has reshaped priorities—22% of Brits feel a fresh start in a new culture would improve their mental health. And of course, the famously dreary British weather drives 37% of potential expats to seek sunnier shores.
Top Destinations for Brits
Europe remains the top choice for Brits looking to move abroad, thanks to its proximity to family and friends. Spain leads the pack as the number one country for Brits, with Canada, Australia, and Portugal also ranking high on the list. These countries not only offer a better quality of life but are also strong contenders in affordability, with Spain ranking second in property purchasing power.
What Expats Worry About
While many are excited about the expat life, concerns remain. Missing friends and family tops the list, followed by financial worries, the language barrier, and the fear of regretting the move. However, once settled, 49% of British expats report improved mental health within six months, and 38% have no regrets about their decision to move.
The Best Countries for Quality of Life
For those seeking an improved quality of life, Switzerland, Iceland, and The Netherlands top the list. These countries offer great healthcare, low crime rates, and high levels of life satisfaction. Spain, while not in the top five, still performs well in cost of living and offers plenty of perks for expats.
Ready to Make the Move?
With so much to gain and plenty of countries offering a great lifestyle and affordable living, the expat life could be the fresh start you’re looking for. The British Expat Report 2024 provides all the facts to help you make the best decision.
For more detailed insights, check out the original British Expat Report 2024 by Currencies Direct.
