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44% expats in UK considering returning home, says survey

Almost of half of expatriates based in the UK are considering returning home in light of the current financial crisis, according to the latest expat survey from HSBC International.

The expat explorer report which surveyed over 3,100 expats from more than 50 countries reveals that 44 per cent are considering returning home in response to the economic crisis.

The survey, which explores expats’ economic quality of life finds that expats in the UK generally have lower incomes, with 20 per cent of expats in the UK earning £37,000 or less.

It also says that expats in the UK also have less disposable income than their counterparts elsewhere, experiencing a much higher increase of 79 per cent in the cost of accommodation than 48 per cent amongst expats moving to other regions.

Emerging markets scored strongly as the best markets for expat finances with Russia, Qatar and Saudi Arabia topping the charts on annual salaries, disposable income, access to and owning of luxuries and the ability to save.

HSBC Bank International head of marketing and communications Paul Say says: “Despite expats in the UK and US considering a move home we also found that the majority of expats are staying put despite growing employment uncertainty across many regions.”

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