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Depression drives Brits abroad - 25 January 2008

A new survey has shown that up to 40 per cent of British people consider a life away from the UK as a result of the depression they feel in January, officially the worst month of the year for 48 per cent of those polled.

The research, conducted by currency exchange specialists Moneycorp, asked a sample of the public about their motives for looking for property overseas, and where they would consider buying if they had a free choice for moving permanently overseas.

The reasons for the depression felt by most of us through the month of January vary from the weather and the lack of money after the Christmas period, to the economy in general and the state of politics in the country. Also cited as important factors are the state of the country in general, with respondents saying the state of the NHS, the impending threat of a credit crunch and/or a recession, and uncertainty in the housing market.

The most popular destinations for an escape to a better life are Australia and New Zealand, with Brits favouring English-speaking destinations for permanent relocation, as Canada and the USA follow up as the third and fourth most popular respectively. Somewhat surprisingly, Spain comes in only at number five in the list.

Nick Bull, Head of Marketing at Moneycorp, commented on the results: “This research provides real insight into the collective psyche of the British population at this time of year. It’s no great surprise that January is the most depressing month, but 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.”


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