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06/09/2011

Seeking the good life abroad?

 Best overall locations:

Singapore, the United Arab Emirates and the United States are the three countries to emerge as best expat locations overall in our expat survey.

The United Kingdom and France were amongst the lowest rated destinations, scoring poorly on their levels of luxury and accommodation.

 

Earning and spending:

Expats spend more whilst still being able to save.

Over half (58%) of expats surveyed save and invest more than they did in their country of origin.

Comparing their country of residence to their country of origin expats spend:

·          52% more on food.

·          49% more on shopping.

·          45% more on socialising in their new country of residence.

Where six-figure salaries are the norm: Expats based in Hong Kong and India have the highest salaries in the world; with close to half earning more than £100,000 p.a. Interesting thing to discuss in the beginning of next year with my boss !!

The highest paying professions were in finance and management with 43% of people in these industries earning a six figure salary.

 

India scores quite well, 9 out of 14. This is due to the fact that expats in India can save (they are paid high to face hard conditions?? ;) ). For instance a V.I.E. (kind of contract for young expats) will get 2 360€ per month in Mumbai and 3 000€ in New York. So ok renting a place in Mumbai is super expensive but the rest is really affordable…

 

Another thing to notice is how long people stay in India: 1 year!! So India actually ranks very high in “luxurious” which is mainly related to employing staff. Apparently having a driver and a maid won’t make anyone stay in India though!!

 

 

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Source: http://www.offshore.hsbc.com/1/2/international/expat/expat-survey/expat-existence-report-2008

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