Looking overseas for a better lifestyle

British property buyers and France

According to figures from AXA insurance, emigration is set to hit record highs of over 500,000 this year, the equivalent of the entire population of Leeds crossing the Channel.

Figures from the Institute of Public Policy Research show that ‘better quality of life’ tops the chart for reasons to leave Britain, accounting for 37%, closely followed by ’better weather’ with 32% then ‘Britain too expensive’, 24%.

AXA has reported a 28.6% increase in the number of enquiries it received from Brits looking to relocate to the Continent. France, which has long been one of the most popular destinations for emigrating Brits, has seen a massive 103% increase in enquiries in the last year. France is a constant favourite for emigrating Brits due to its warmer climate, lower priced housing and more relaxed lifestyle.

Karen Teasdale, overseas and expatriate manager at AXA PPP healthcare, commented: “These figures highlight that more and more people are deciding to leave the UK and set up home abroad.” Meanwhile, Spain’s waning popularity is reflected in the 18% drop in enquiries.

Following two very poor summers and the threat of a recession it’s no wonder that more Brits than ever before are looking to relocate abroad. "Over the past year alone, we've seen a 23 per cent uplift in people using our services to start a new life abroad," says James Hickman, of Caxton FX, a foreign-exchange company that monitors property purchases by Britons around the world.

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