Brits Moving And Buying Property Abroad

Seasonal depression is prompting many Britons to consider packing their bags and moving abroad, new research has found.

Foreign exchange specialist www.Moneycorp.com stated that January was widely regarded as the most depressing month of the year, due to issues such as the poor weather and post-Christmas debt.

A survey by the group found that 40 per cent of people were thinking of emigrating because they were feeling depressed or anxious because of financial concerns and the dreary weather conditions. The sense of disillusionment seemed to be particularly acute in the capital, with almost half of Londoners said to be contemplating life abroad. This compares with just one in three people north of the border in Scotland.

Commenting on the findings, Moneycorp's Nick Bull said they provided a "real insight" into the British population's "collective psyche" at this time of year. He remarked: "It's interesting to see that people consider something as life changing as a move abroad as the answer to their woes, financial and otherwise."

This follows a recent study by HSBC which found that Australia property is much cheaper than the UK, despite its comparable standard of living.

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