Expat dream "alive and kicking"

Many British expats are not planning on cutting the number of foreign exchanges they make amid the global recession, according to new research.

The recent NatWest International Personal Banking (IPB) Quality of Life Report revealed that 44 per cent of UK citizens living abroad are not concerned enough by the economic slowdown to reduce their spending overseas.

Further figures from the study show that although 78 per cent of Brits feel the credit crisis has had a negative impact on their new country, 64 per cent said they regard themselves as financially secure.

Dave Isley, head of NatWest IPB, stated his belief that expats are weathering the financial storm, meaning they are likely to continue to make foreign exchange transactions.

"The dream shared by many Brits of living a prosperous life abroad still appears to be alive and kicking," he said.

Expats looking to make investments abroad regard the US property market as safer than those in Europe, according to Mayfair International Realty.

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By Linsey Summers.