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Living Abroad - Record Numbers Leave the United Kingdom

According to a report published by the Office for National Statistics (ONS), the number of UK residents leaving the country for a new life abroad has risen to a record high.

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An explosive trend towards emigration from Britain

The report, published on August 22nd 2007, states that over 385,000 residents left the United Kingdom during the year to July 2006, compared to 336,000 in the previous year.

Furthermore, when compared with the fact that during the same period in 2003/2004 only 180,000 residents left Britain for foreign shores, whilst in 1996/1997 the figure was a mere 15,000, it becomes clear that this particular trend is increasing rapidly.

But what are the main reasons for living abroad rather than in the UK?

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Ayios Ilias Church in Protaras on the East Coast

In a recent survey by one British Expatriate Association in Australia, the top five reasons for leaving the United Kingdom began to shed a little light on this particular matter.

Immigration Issues
Ironically enough, the single most cited reason for starting a life outside the United Kingdom is the country’s rapidly increasing immigration problem which, during the 2005/2006 period, saw 574,000 immigrants moving to the UK in search of a better life.

Healthcare
Next, and this is a major issue for many retirees, comes the quality of healthcare in the UK and the current state of the NHS. With even countries such as Thailand being praised for providing superior medical care to Britain, it comes as no surprise that this has become such a major reason for living abroad. Little wonder then that, given the Republic of Cyprus' reputation for an excellent standard of healthcare, so many British expatriates are choosing to make their home on Aphrodite’s Isle.

Taxation & Stealth Taxes
Although Britain does theoretically have a lower rate of income tax than most North European countries, it can also boast one of the highest rates of local taxation anywhere in the EU.
For instance, whereas the average council tax bill in the UK now stands at £1,300 per annum, it’s equivalent in the Republic of Cyprus ranges anywhere from C£80 to £130.
Additionally, VAT rates and other so-called stealth taxes in the United Kingdom leave far less money in the tax payer’s pocket than is commonly accepted.

High Prices and Cost of Living
While this particular topic is at least partially tied to taxation, it is commonly cited as a separate issue. The fact is that London is now officially the most expensive city in the European Union (second most expensive in the World, behind Moscow), where cost of living is concerned. By comparison, no city in Cyprus, not even Limassol or Nicosia, even makes it into the top 50.

British Weather
The figures released by the ONS are based on the year 2005/2006. If the weather was a main consideration during this period, this year’s floods, storms and unseasonably cold summer must surely reflect in next year’s statistics. In 2007 by contrast, the weather in Cyprus has (once again) truly lived up to its reputation and provided a long and sunny summer.
With an average 326 annual days of sunshine for the island as a whole, it truly is the ideal place for a sun-loving lifestyle.

To add a little touch of irony to this topic, my particular place of residence for the past two years has been the small village of Oroklini, just outside Larnaca. Despite the fact that the summer has been hot and without rain since the beginning of June, the village does not actually suffer from a hosepipe ban.

Whatever their reasons; almost 400,000 residents chose to leave the UK’s shores during 2005/2006 alone. And whilst the overall favourite destinations are still Commonwealth countries such as Canada and Australia, the Republic of Cyprus has seen its fair share of new arrivals during the past couple of years.

Speaking as one of the 385,000 expatriates in ONS statistics (I left the UK in August 2005), I have to say that I haven’t really looked back since coming to Cyprus. And although I return to the UK to visit friends and family about every four months, neither I nor my wife suffer from homesickness.

Sasch Mayer
aphrodite property sales. IT Director
27th August 2007

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Golf in Cyprus

But of course, living abroad is not the only motivation to buy overseas real estate. Indeed, there as been a growing trend over the past couple of years, towards buying villas and apartments in golfing complexes around the Mediterranean and indeed around the World.
Whilst golf in Cyprus cannot yet boast the kind of facilities found at Vale dos Lobos in Portugal or La Manga in Spain, developments are nevertheless underway to rectify this situation by constructing a number of spectacular golfing venues.

The most eagerly anticipated of these is without a doubt the Secret Valley Golf and Country Club, an existing facility which is soon to be expanded with the addition of a further three new courses along with a large variety of luxurious properties and associated amenities.

Cyprus Properties for sale

Although real estate markets in traditional Mediterranean destinations, such as Spain and France, have showed a marked slowdown in recent years, the demand for Cyprus Properties continues unabated.
Indeed, the continuing high demand for homes in the Republic has prompted certain banks and developers to offer special buy to let mortgages with only 15% deposit..

Disclaimer. The prices quoted on the properties featured in this website are displayed as guidelines only. They constitute neither an offer nor contract, nor part of same. E&OE

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