Increasing numbers of UK workers are working abroad, tempted by further career opportunities and potential higher earnings, according to the NatWest International Personal Banking (NatWest IPB) Quality of Life Report.

This increase represents another opportunity for overseas property investors who can rent out accommodation to workers who are only staying a short period of time and so do not want to buy a place themselves.

The report, undertaken in conjunction with think tank, Centre for Future Studies, researched British expatriates from across the world. It revealed an increasing ‘talent drain’ from the UK to work abroad.

In 2006, over 200,000 British citizens left the UK to live abroad. Of them two thirds went to work abroad. Of those surveyed four in 10 (42 percent) were professionals or managers, and a further quarter (25 percent) were in other jobs.

Results of the survey suggest that the typical expat abroad is no longer necessarily a retiree in the sun, but has a professional career, is aged 43 and earns an average salary of £67 000.

It seems one of the biggest motivators for moving out of the UK is in fact the lure of a better job from abroad rather than dissatisfaction with the job market in the UK, as only four percent of expats surveyed thought the UK provided lack of career opportunities.

Dave Isley, Head of NatWest International Personal Banking said: “The study demonstrates the popularity among Britons working abroad, particularly those who are highly skilled. This trend will increase as countries continue to seek out the talents of British workers and entice them to foreign climes with career opportunities and the chance to experience life abroad.

“Whether it is a permanent move abroad, or for a short period of time, it seems working abroad is an opportunity increasingly open to more employees.”

The NatWest Quality of Life Report reveals a number of reasons driving the flows of employees out of the UK and for the trend to continue. These include:

A decade of solid economic growth in the UK leading to a strong pound and soaring house prices meaning people moving abroad to get more for their money
Opportunities for highly skilled Britons to migrate are likely to be sustained or even increase. ‘Points based’ immigration systems are ideal for skilled, English speaking people.

Recruitment agencies from abroad are targeting Britons through regular expos and conferences, highlighting work and lifestyle opportunities.

Phenomenal rise of offshoring and outsourcing will increase the need for managers and trainers to work and live overseas to set up operations.

As EU member states become more politically and economically integrated, new opportunities for British workers to relocate abroad becomes easier.

Britain has also been cited as having more skilled workers travelling abroad for career purposes than any other country.

The ‘Quality of Life’ report was carried out for NatWest International Personal Banking by the Centre for Future Studies in September 2007.

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