In fact, a recent study found that 54% of those thinking about moving abroad said the cost of living crisis encouraged them to make the move.
Considering the costs expats will have to pay before they even enter the new country, overseas property experts at Property Guides have covered estimated amounts for shipping belongings, visa applications and even customs.
How much will you really need to set aside to start a new life overseas?
Delivery and packing of objects (£2,000 – £5,000)
If you’re thinking about moving abroad, the first thing you need to consider is shipping costs, alongside the cost of packing your belongings. Shipping costs can range from £1,500 to £5,000*, depending on how far you’re sending your belongings , as well as how quickly you want your belongings to arrive at your new home.
When you compare shipping costs with the expense (and hassle) of buying anything new, those costs often work out very well. However, check that your products will work in your chosen country.
Visa costs (£60 – £100)
Although we’ve always needed a visa to live in countries like the US or Australia since Brexit, you’ll need one to spend more than 90 days in any six months within the EU. A visa to move from the UK to Spain costs €80, but the process can take several weeks, requiring Minimum income or a special work visa, and usually requires the expense of a lawyer.
In order to apply for a visa you must make sure you have a national visa form, a health insurance policy, a bank certificate as proof of funds, passport photos, a passport valid for at least one year and a clean criminal record. .
Customs (the cost varies depending on the items imported)
It’s hard to budget for customs because you don’t know how much you’ll have to pay until you actually move your items to your new country. However, for reference, if you are thinking of moving to Spain, your customs duty will be 21%*** on the full value of your items.
You should check the customs rules for the country you are moving to, as some countries have a duty-free policy for importing used household goods for personal use, and not items that will be sold in Israel.
Flights (£200 – £1,000)
If you’re lucky, you may be able to secure cheap flights to your transit destination from the UK, especially if it’s within Europe. However, it is also important to consider the cost of flights to view properties, schools, workplaces and any other trips you need to take before making the final move.
Pets (£500 – £4,000)
Depending on the pet you have, the cost of moving your four-legged friend to your new home will vary. Smaller animals, including cats, tend to cost under £1,000 to move abroad, while moving a dog can cost up to £4,000, depending on breed and size.
In addition to the costs of bringing your pet on the flight, you will also need to make sure that you have paid or already arranged for a microchip, vaccinations (including rabies), a pet passport, the quarantine upon your arrival and an IATA-approved travel box.
Furniture and household items (£1,000+)
In some cases, especially if you are looking to make the move a little easier and maybe a little cheaper, you may have decided not to bring your furniture and other household items with you for the move. If that’s the case, you’ll need to spend a little money once you’re settled into your new home to make it feel like home again.
Throughout Europe, you will find many IKEA and other home furnishing stores, where you are likely to find furniture at fairly reasonable prices.
Christopher Nye, Senior Content Editor at www.PropertyGuides.com, said: “With the cost of living in the UK, it’s no surprise that more and more people want to move abroad. “Britain has felt quite unstable recently. We’ve just welcomed another new Prime Minister, the value of the pound has fallen and risen dramatically, the cost of living is at an all-time high, and the housing crisis shows no sign of a fix anytime soon.
“What prevents many people from seriously considering moving abroad is simply not knowing how much it costs. So, we’ve done the math to give families a rough idea of what they should expect to pay.
“The total cost of moving yourself, your family, your household items and even your pets abroad can seem like a huge cost. However, in the long run it can be cheaper and also offer a better quality of life.”