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Overseas Health Insurance News: Fewer expats plan to return home

Fewer expatriates have plans to return to the UK than ever before, with those in Australia most likely to stay put in their lives abroad.

This is according to research carried out by Lloyds TSB International, which found that 79 per cent of expats intend to live abroad indefinitely.

When a similar study was undertaken two years ago, 60 per cent of expats said they did not expect to go back and live at home.

Further to this, of those expats questioned in Australia, nine out of ten said that they would continue to live in their adopted country.

In terms of quality of life, 74 per cent of all those included in the study said that it had improved since moving abroad, with just seven per cent saying it hadn't.

France is the destination where the most expats said that they were happy with their quality of life when compared to their experiences in the UK.

Another aspect of the research was designed to find out the motivation for moving abroad in the first place, which led to 26 per cent of respondents citing the economic downturn as the main reason.

This is an increase from 17 per cent who blamed the situation on the economy when asked 18 months previously.

Richard Musty, private bank director at Lloyds TSB International, said: "Expats are increasingly turning temporary overseas work into a permanent move and it does seems that the UK is losing its allure for many people who have experienced different cultures and lifestyles.

"Availability of jobs and the cost of living certainly plays a role, but as our research shows, lifestyle factors can also be decisive in where people chose to live."

The research took the opinions of 1,168 British expats, living across 13 different countries, into account.

When contemplating moving abroad it is a good idea to talk to others who have relocated in order to understand the types of challenges that can be expected.

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