Where Brits want to live abroad

When asked where they would most like to live in the world, Australia was voted the most popular overseas destination by Britons at 10%, according to research from Bank of Scotland International.

The most popular overseas destination for people to move to in Europe was France at 6%.

Britons Buying Property In Australia

Of those surveyed, almost three fifths of people (59%) who would most like to live in Australia were under the age of 45 with just 16% over the age of 65 years.

Age Of Person - Percentage Of People

Under 25 - 13%
Over 25 to 34 years old - 21%
Over 35 to 44 years old - 25%
Over 45 to 54 years old - 15%
55 to 65 years old - 10%
65 years and over - 16%

14% of people wanting to live in Australia were from the North West, followed by London at 12% and South East at 10%.

Britons Buying Property In France

Of those Britons who would like most like to live in France, over three quarters of people (76%) were over the age of 45 with just 3% under the age of 25 years.

Age Of Person - Percentage Of People

Under 25 - 3%
Over 25 to 34 years old - 5%
Over 35 to 44 years old - 16%
Over 45 to 54 years old - 33%
55 to 65 years old - 22%
65 years and over - 21%

One fifth (21%) of people wanting to move to France were from the South East, followed by West Midlands at 14% and North West at 8%.

People Who Would Like to Move Or Buy A House Abroad

In total, over two fifths (42%) of respondents had considered moving or buying a home abroad. Almost one half (44%) of these people were below the age of 45 years whilst almost two fifths (39%) were aged between 45 and 64 years of age.

Age of person - Percentage Of People

Under 25 - 8%
Over 25 to 34 years old - 14%
Over 35 to 44 years old - 22%
Over 45 to 54 years old - 21%
55 to 65 years old - 18%
65 years and over - 17%

People Who Currently Own Their Own Home Abroad

4% of people surveyed already owned a home abroad and two fifths of these were under the age of 45 years (40%.) One in five people (19%) owning their own home abroad was over the age of sixty-five.

Age of person - Percentage Of People

Under 25 - 6%
Over 25 to 34 years old - 15%
Over 35 to 44 years old - 19%
Over 45 to 54 years old - 20%
55 to 65 years old - 21%
65 years and over - 19%

Bank of Scotland International offers a range of services to suit the needs of British expatriates all over the globe. This includes everything from offshore banking and savings accounts, offshore mortgages and financial planning.

Tony Wilcox, managing director at Bank of Scotland International, said: "It is the younger generation that continues to be attracted to moving abroad and Australia and France are clearly popular destinations.

"Living, working or retiring abroad can mean a whole set of lifestyle changes, including an impact upon your financial affairs. Expatriates have different financial requirements and when moving abroad it is important to have the right products and services in place."