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Record number to emigrate from UK
The overseas property industry is not dead. Britain is expected to suffer the most severe brain drain for five decades, according to reports in The Daily Telegraph this weekend. A growing number of people are becoming fearful of the threat of increased taxes to finance the Labour governments economic policies, the persistent claims of doom and gloom in the media, the weather and a sense that state pervasiveness of our lives is growing. Another concern for young families is the quality - and cost - of education in the UK. The Organisation of Economic Co-operation and Development claims we're experiencing the largest exodus of professionals for fifty years.
France, Australia, Canada, New Zealand and Spain are amongst the most popular emigration destinations, but Britons are investigating countries around the globe. This is good news for the overseas property industry and also, good news for Britons who are thinking of emigrating but concerned about where to start. Clearly, there are a number of companies out there who can offer help to émigrés, and an increase in emigration will go some way to compensating for a drop in overseas property purchases for investment or as a holiday home.
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