John Mason +44 (0)151 449 3938 International House 35 Wilson Road Huyton Business Park

Asia

Hong Kong voted top place to relocate by UK’s young professionals

The global financial consultancy organisation, the deVere Group has published a study into the top relocation destinations for UK young professionals and Hong Kong came out as number 1. The following cities comprised the top five destinations in the poll:

 

  1. Hong Kong
  2. Dubai
  3. New York
  4. Cape Town
  5. Sydney

Other popular locations of interest noted in the survey as possible overseas destinations included Abu Dhabi and Tokyo among others.

The list is dominated by the world’s largest business hubs and cities which could be classed as ‘global cities’. Living in a business hub has advantages for expatriates, namely good infrastructure for travel and career opportunities.

Almost 8 out of 10 people surveyed in the study said that they have seriously considered, are considering or could be tempted to move abroad.

The CEO of deVere Group, Nigel Green, said that young professionals in the UK are likely to be looking for destinations where they can get the best remuneration package as well as favourable personal tax rates. Low personal taxation is a common reason for emigration to the UAE by British nationals.

It seems evident that there are both push and pull factors at work with regards to emigration from the UK by British professionals. UK Government policy concerning taxation also has an impact on British professionals deciding to stay or leave the UK.

Nigel Green also noted that the top destinations have common characteristics i.e. they all have large expat communities, good ICT and infrastructure including good transport links to the UK. He also suggested that Hong Kong is slightly higher than the other destinations in the survey due to a slight increase in familiarity of it as a business location as a former British colony.

The survey demonstrates what some academics will fear will become a UK brain drain. In fact, a summit was held in February of this year with regards to if the UK should have an emigration policy to combat this trend. This has occurred in other countries such as Malaysia who set up a Talent Corporation with the purpose of encouraging Malaysians who had moved abroad to return home. The organisation also encouraged skilled professionals to remain living at home. Around 5 million British citizens live abroad at the moment and the majority are of working age.

The survey polled hundreds of UK professionals under the age of 35. Further information about the study can be found here:  Young UK professionals vote Hong Kong as number one relocation city.

Leave a Reply

Your email address will not be published. Required fields are marked *

Canada

Healthcare in Canada and Health Visa Requirements

13 November 2017

Company News

John Mason International Awarded FIDI FAIM Quality Assurance Certificate

8 November 2017

USA

Moving to the USA? What you can and can’t take with you

6 November 2017

Moving with children

The US President trumps Walt Disney World in poll of UK children

1 November 2017

Pets

Moving your pet to the United States

30 October 2017

Awards

John Mason International win prestigious digital award for hilarious Australia Day campaign

25 October 2017

Our Credentials

As one of the leading Movers on a national and international scale, we pride ourselves on providing a professional and friendly service from our highly trained and competent team. We have been recognised by the networks below and we are, therefore, proud of our credentials.

Some of our Customer Reviews

Thank you and everybody involved, you are an excellent team and an absolute pleasure to deal with.

J.D. Liverpool, UK to Toronto, Canada -
July 2017

My whole experience with John Mason's has been very good, from having Tony surveying till today with the container being packed, I will definitely recommend John Mason to provide removal services.

M.H. South Shields, UK to Perth, Australia – July 2017

Thanks Suzanne for all your help – it’s not easy trying to sort things out from such a long distance away and you’ve been superb! Thank you!

C.H. Warrington, UK to Edmonton, Canada - August 2017

About us