“Brits living in Spain are particularly affected by the struggling property market with many owning holiday homes and letting out their Spanish properties.”
Add the plummeting pound and limited job opportunities, the survey has fuelled fears that there could be a widespread exodus.
“Brits living in Europe are feeling the effects of the weak pound as they are more likely to be reliant on income from their British property, UK pension and other regular sources of funds,” said David Kerns, Head of Private Clients at Moneycorp.
“Brits living in Spain are particularly affected by the struggling property market with many owning holiday homes and letting out their Spanish properties.”
Meanwhile, the survey also revealed that more than a third of expatriates in Italy, Germany and France are also mulling over moving back to the UK.Kerns added: “Our research shows that British expats have had a tough time and the findings reveal that no country has escaped unharmed from the economic downturn.”
The survey interviewed 250 Europe-based UK expatriates and was conducted from October to November 2009.
1 comments:
The Moneycorp article (as seen in the 'Daily Telegraph') was what is known in newspaper circles as a 'puff' - pretty much an 'advertorial' for the moneychangers (Bless 'em). I put a poll in a local Albox forum (the place with all 'the illegal houses') and got the following rather different results:
10 February 2010 at 03:2342 (21.6%) wanna go home
152 (78.4%) wanna stay here.
I would imagine in the other parts of Spain, where property threats from the Junta de Andalucía goons are less in evidence, figures for going 'home' would be even lower.
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