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Why are people moving abroad in 2023?

Posted by on February 9th, 2023.

The 2020’s have so far proven to be extremely disruptive, with the Covid pandemic, a global cost of living crisis and the outbreak of war in Europe, forcing many people’s plans on hold.
However the lure of moving abroad is proving strong once more. Old plans are revived, new ones are formed, many are opting to ditch their old lives in search of something new. So why are people moving abroad in 2023?

Winter Gloom

One of the most popular reasons for moving abroad is for a better climate. Winter in northern Europe can be particularly challenging, and many people are opting to ditch the January blues in favour of blue skies and a warmer climate elsewhere.

The prospect of a warm Christmas on the beach, or a quaint mountain village with perfect powder snow certainly beats a dismal, grey and wet December.

Economic Downturn

The last few years have been some of the most turbulent years in recent history, 2023 could be the year when things finally improve. The pandemic kicked off the chaos, followed by soaring inflation and global recession fears.

In some cases, this is exactly the reason why people are moving abroad. Opting to move to a new country with more favourable opportunities, or with a more stable economy, can open the door to a much more rewarding life abroad.

Labour Shortages/New Opportunities

Countries around the world have been suffering labour shortages over the past few years. The United States, Australia, New Zealand, and the United Kingdom, amongst many others, have all been crying out for workers. The combination of Covid shutdowns, Brexit, and now the cost-of-living crisis, have all impacted tourism and hospitality sectors around the world.

The upside to this, however, is that countries are opening up opportunities for overseas workers to fill the gaps. If you have professional experience in industries that are shorthanded, the move could be a perfect opportunity. Whether to escape huge unemployment in a home country, or to progress up the career ladder, moving to a new country for fresh opportunities is one of the most popular reasons people are moving abroad.

Study Abroad

Whether looking for an overseas university to study at, or expanding your existing skills, choosing to study abroad has many benefits. Not just a new experience in a new place but studying abroad can broaden horizons beyond studying too. Many courses open opportunities for work visas in that country. Australia and New Zealand are two such countries that provide graduate visas and a pathway to permanent residency.

Learning a New Language

There is no better way to learn a new language than to live in the country itself, to completely immerse yourself, nobody learns to swim in the shallow end. Despite English being widely spoken, and in most places, you can get by just fine, learning the local language is a great way to make your life easier and far more rewarding.

If you’ve struggled with a second language since school, or finding online classes too hard to remember, learning a new language in a new country is the best way.

From everyday interactions from shopping in the supermarket, to chatting with the locals, immersing yourself in the culture is a great way to both expand their horizons and to brush up on another language.

Stepping out your Comfort Zone

Sometimes you just want to leap out of your comfort zone, headfirst into a new experience. A new language, a different culture, and finding yourself landing into the complete unknown becomes an attractive prospect. When the daily routine gets a little too monotonous, the fantasy of breaking away from the same commute and work life can be too strong a pull for some people.

The prospect of shaking things up and opting to live somewhere with a radically different lifestyle may be particularly appealing after Covid showed how life can come to a grinding standstill, and so many are deciding to no longer wait for that perfect moment to move abroad. People are now seeing 2023 the perfect year to finally make that dream move a reality.

If you’ve always lived in a small town and opt to move to a big city like Sydney, London, or Rome, it can be daunting. But at the same time, the new experience is sometimes exactly what you need, something to remove yourself from a rut or the mundane.

Choose TorFX for Your Currency Needs when Moving Abroad

If you’re thinking of moving abroad, whether to chase the sun or new prospects, let TorFX help you make the move as stress-free as possible.

Get in touch with one of our friendly experts, and we can save you money on transfers. Our excellent customer service team can help fix a rate for the future, move your money abroad at excellent rates, all without transfer fees.

Whatever your currency transfer needs are, TorFX can offer you:

  • A rate improver guarantee
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