With Great Britain in recession, youth
unemployment at an all-time high and the volatile weather verging on
apocalyptic, there are many reasons why someone would consider leaving the United Kingdom for greener pastures and greater prospects abroad. It would seem that many
people have done so, with figures showing that an estimated 4.7 million Brits
currently live abroad.
We may have previously assumed that
slinking off to sun-drench destinations was as synonymous with retirement as
slippers, a pipe and a pension. However 93% of emigrants are of working age, so
a new life overseas can be suited to anyone.
If you find the idea of packing your bags,
upping sticks and emigrating enticing, there are things to consider. Moving
away from your native country is a huge leap, and not something to be taken
lightly. By weighing up your options and considering important points of the
move, not only will you know if emigrating really is for you, but you’ll also
know how to make the transition go as smoothly as possible.
Photo courtesy of Michael Dorausch on
Flickr
Choosing
your new home
With the world quite literally your oyster,
you can carefully consider where you would like to make your new home. The
country that you choose to move to will be impacted by your reasons for
emigrating. For example, if you’re looking to make progress in a career, a
place like Australia could be ideal. The economy is performing well having only
experienced one quarter of negative growth since the global recession began,
and the unemployment rate is hovering around a relatively
low rate of 5% - miniscule when compared to the UK rate of 7.8%.
Destinations such as Spain have proven
popular with those seeking the sun, having remained one of the top choices for
emigrating Brits over the past 20 years. The laid back lifestyle and ease of
access from Great Britain make Spain an attractive choice for those looking for
a better quality of life, and 4 out of 5 expats polled in Spain said that they
also enjoyed a lower cost of living than they did in the UK. If relaxing in the
sun and saving dosh whilst you’re at it sounds attractive, then perhaps
relocating to the Costas and Balearics is for you.
Buying
your perfect property
Buying a home in your own country can be
stressful enough, but throw in foreign currency and making deals overseas and
things can suddenly seem all the more daunting. However, there are some great
bargains to be had overseas, and if you do you research and plan carefully you
could own your dream home for a fraction of what you would be expected to pay
in the UK.
For example, £250,000 can buy
you a 6 bedroom house in Orange County, Florida. Moving to America also
means that the language barrier is removed from the buying process, therefore
making it that little bit simpler. However keep an eye out for any additional
taxes that could sting you if not looked into properly – for example, a 5% tax
applies on property purchases in Florida.
The recession has caused a lot of
scare-mongering headlines and employment issues, but has also meant that
property prices in some countries are at an all-time low. For example, house prices
across areas in France popular with expats have dropped
quite dramatically. This includes a 9.7% drop in Burgundy and prices now
4.6% lower in Brittany. Therefore if you are emigrating, you can find a home
overseas that may surpass your expectations but still stay comfortably within
your budget.
However with all good things, there is a
catch. Lower prices now means that the re-selling value may also be low if the
economy doesn’t recover. This won’t really affect you if you are planning on
emigrating long-term, but is definitely something to consider if you think that
you may be moving on again in the near future.
Looking after your money
Visiting potential emigration locations,
buying property and shipping your life across to a completely different country
– these things all come at a cost. Therefore making the most of your money is
imperative when emigrating. There are several organisations who can help you
when exchanging foreign currency who specialise in bulk transfers, as is needed when buying property. By
utilising services such as these, you can sometimes choose options to get a
fixed exchange rate so to avoid fluctuations in the market and also have
someone assigned to make transfers for you. However, ensure that you shop
around to make sure that you are getting the best exchange deal for your money.
Setting up bank accounts in your new
country for direct debits is also a good idea to avoid exchange fees every time
that you have to make a payment. This will also encourage you to settle into
your new country by using their services.
Home
comforts and homesickness
Whilst emigrating can potentially offer you
a better quality of life and more promising career prospects, it does also mean
that you are leaving the UK behind and all of those in it. Chatting with
friends and family over a cup of tea will be replaced with scheduled Skype
calls and you will be challenged with settling into a completely environment.
Britons relocating overseas cited English
chocolate, fish and chips and a proper pint as some of the things that they
miss the most about the UK after they have emigrated. Sometimes the change can
be just too much for some expats, and they return sooner than intended; a poll operated by Global Visas found that 33% expats came back to the UK
after emigrating. During a multiple choice question 47% gave homesickness as
the reason for their premature return, with 44% saying that cultural difference
was to blame.
Therefore, consider the magnitude of
starting a new life in a new country carefully before making the leap. If you
are sure that you want to emigrate and plan to have people visit to punctuate
homesickness, ensure that your new home is conveniently located to airports, is
easily accessible and has room for guests. After all, a cottage based in the
mountains of Mallorca may give fantastic views, but is it convenient if you
have elderly relatives or young family members visiting?
By contemplating these keys points, you
should be able to determine if emigrating is definitely for you, and make
well-informed decisions if you do decide to make the leap.
Rosie Percy
writes for a diverse range of topics including travel, health and finance.
Rosie has previously written for the Guardian and lifestyle blogs, and
currently lives and works in Brighton.
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