Expats heading abroad to be better off

Almost half of British professionals who head abroad expect to be better off, according to the results of a new survey.

Findings from Natwest reveal that the average wage for an expat is £67,000 compared to the UK average of £47,000.

The United Arab Emirates tops the expat wealth ranking with professionals earning an average of £79,000 a year while Portugal, at the lower end of the scale, has an average wage of £58,000.

David Isley, head of NatWest International Personal Banking, said that the wage packets of expats were very encouraging for those tempted by a move overseas.

“The expat wealth rankings shows that people who are willing to move abroad not only benefit from bigger earnings in countries such as Spain and Italy, but also have the advantage of a lower cost of living,” he continued.

Meanwhile, nearly half of first-time buyers would consider moving abroad in a bid to make their first step onto the property ladder.

Tags: expat wealth rankings, david isley, international, NatWest International Personal Banking, earnings, Political philosophy