Now might be the best time to give it all up and move to Europe

If the cold UK weather has made you want to relocate to sunnier and warmer climes, we don’t blame you.

And it seems it would be a more economical move, too.

New research has suggested that it’s actually cheaper for Brits to move and reside in various European locations – rather than continuing to live in the UK.

UK-based property experts, Your Overseas Home, compared the cost of everyday necessities, setting up a proper home abroad, and living long-term in seven of the most popular European expat destinations: Spain, France, Italy, Germany, Portugal, Cyprus and Greece. 

They then compared these to current life in the UK.

The results, published in the new Overseas Cost of Living Index, found that – when looking at the average cost for the country as a whole (rather than breaking it down by region) – the UK comes out as the most expensive.

So where is the most cost-effective place to live?

Italy came out as the cheapest place to live long-term – with groceries costing less when it comes to basics such as milk, bread, eggs, fruit, vegetables and toiletries.

In fact, one basket filled with 17 basic items comes to around £48.82 – whereas in the UK, it’s 40% more expensive.

Italy was also named the cheapest place to live if you compare electricity, decorating supplies, furniture and electrics – as well as the cost of hiring a local cleaner.

Findings also revealed that the average cup of coffee costs £3.20 in the UK, but only £1.03 in Portugal and Spain – a difference of 220%.

Do you have a story to share?

Get in touch by emailing [email protected]

Source: Read Full Article