Why Are So Many Brits Moving Abroad?
When looking to relocate for work or even just a new start, there are plenty of elements to consider. With bills for shipping your goods, as well as travel and, of course, your new accommodation all adding up, it could seem tempting to apply for short-term payday loans to cover the costs. However, given that these should only be used for financial emergencies only, you will need to be smarter with your spending and Costa Rica could be the solution you need. Here, we are going to look at the reason why so many Brits are moving from the UK to Costa Rica!
Low Real-Estate Prices
When deciding where to live, the most important element to consider is the cost of real estate. In Costa Rica your money goes a long way; not only is the price of real-estate surprisingly affordable, but the cost of living overall is significantly lower than in the UK. Those looking to move here that might be on a stricter budget can benefit from favorable buying and renting prices, especially if you are only in need of an apartment or small property to call home.
No Income Tax
None of us enjoy paying taxes and for this reason, you’ll be thrilled to know that Costa Rica has no income tax whatsoever. This is a direct contrast to the tax system that is present in the UK that, as we know, results in as much as hundreds of pounds being taken from our wages per year. Although this may not seem like a decisive benefit, this amount of money can add up over a longer period of time, so you can spend your hard-earned cash how you deem fit. Whether this is to move into a larger home in the future, invest in the home that you have purchased or something else entirely, the choice is yours.
Politically Stable Country
In very uncertain times in the world of politics, it may come as good news that the political state in Costa Rica is extremely stable. This is ideal for those looking to move there for work or a fresh start, as you will be able to do so with minimal risk of any unrest in the future. This, in turn, means that the economy is much more stable and jobs are more secure than in the UK or elsewhere across the globe. This is great for British expats, as this means there is room to work their way up the job ladder with very little uncertainty, meaning that the process will be as stable as possible.
In addition to the above points, there is also the issue of affordable healthcare. Although it is not free like that of the NHS in the UK, it is more affordable than the US, for example, and typically sees much shorter waiting times. This comes as a benefit to British expats, as this then allows them to not only receive health care quickly but also do so in the knowledge that they are in safe, knowledgeable and comfortable hands.
Each of the above points is all key contributing factors to people moving abroad from the UK to Costa Rica. Both countries have their pros and cons and for some, the differences in lifestyle may be too vast for a comfortable move. However, for those seeking a bit more sun, more control over their money and improved job security, it could be a move worth making.