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Wealthy Brits want to move abroad
Wealthy Brits want to move abroad
| Published: | 2 Oct at 2 PM |
More and more wealthy Brits are considering moving abroad, according to a new study. The de Vere Group, an expat wealth management firm, has reported that they have received 36 per cent more enquiries about relocating abroad from Brits under 40 in the third quarter of this year compared to the same period of 2011.
Nigel Green, the company’s chief executive, said the increase in interest between July and September this year has been “staggering”. He added that it is bad news for the British economy, as the majority of the people in question are wealthy and successful.
Although Green reports that it is usually mainly pensioners who choose to move abroad to places like Malta, France, the US and Spain, an increasing number of people of working age are now looking to start new lives overseas. People are thought to be looking to places like Russia, Dubai, Abu Dhabi and Asia for work opportunities, while “push factors” like high taxes and bad weather at home are persuading those who are unsure to take the final step.
The group handled almost 2,000 enquiries about moving abroad between July and September this year, according to the report. Mr Green said that the majority of potential movers think they will be both happier and better off living in another country.
Nigel Green, the company’s chief executive, said the increase in interest between July and September this year has been “staggering”. He added that it is bad news for the British economy, as the majority of the people in question are wealthy and successful.
Although Green reports that it is usually mainly pensioners who choose to move abroad to places like Malta, France, the US and Spain, an increasing number of people of working age are now looking to start new lives overseas. People are thought to be looking to places like Russia, Dubai, Abu Dhabi and Asia for work opportunities, while “push factors” like high taxes and bad weather at home are persuading those who are unsure to take the final step.
The group handled almost 2,000 enquiries about moving abroad between July and September this year, according to the report. Mr Green said that the majority of potential movers think they will be both happier and better off living in another country.
