Moving Overseas Was Right Decision Say Expats

Nine out of ten Expats say moving abroad was the right decision and that they are comfortable financially.

London, UK (Pryce Warner International) June 21st, 2011 – A new survey has revealed that the majority of Expats living overseas feel it was the right decision, and that they are better off financially than they would be had they stayed in their home country.

Respondents from Britain were particularly happy with their decision, due to the increasing austerity measures coming into effect this year and little sign that the UK economy will regain it’s former strength for some time.

Expats living in China, Australia and the UAE reported the most confidence in their financial future, with 96% of Expats in China expecting strong financial growth. Despite economic problems in Australia respondents claimed that the overall quality of life was still very high. Those in the UAE reported continued confidence, in part down to the 0% income tax in the region.

However, Expats in Europe were not so optimistic. The bail-outs in Ireland and Portugal as well as the up-coming second bail out in Greece and the possibility of one in Spain, have meant that all the traditionally popular regions for Expats in Europe are seeing tough times ahead.

Even in regions where Expats are less than confident in their economic prospects, people are overall still optimistic that they will eventually overcome the immediate economic hardships as the global economy becomes more stable.

David Harra, a Senior Market & Investment Analyst with Pryce Warner International Group, a Financial Services Group for Expats commented: “It is encouraging that the majority of Expats are optimistic about their financial future. Even though Expats in Europe are less optimistic, overall they still believe that they will overcome their short-term financial hardships. It is perhaps characteristic of those that are optimistic enough to take a chance moving abroad in the first place that they would also believe that given time and patience they will see their circumstances improve. Any Expats that are concerned about their finances are in a strong position to take steps to improve them however. There are a variety of financial services available to Expats that can ensure a secure and steady income, especially for those considering retiring abroad.”

Pryce Warner International Group provide International Asset & Investment Management, Independent Financial Advice & QROPS Overseas Pensions.

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By: Aneil Fatania
Financial Editor
Pryce Warner International Group
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