Over two-thirds looking abroad

When asked where they would most like to live in the world, Britons ranked Australia in the top spot with 10 per cent, followed by New Zealand at 9 per cent. France topped the European destinations with 6 per cent of people wanting to move there, followed by Spain at 5 per cent

Out of the 42 per cent of people who would like to own property abroad, the largest proportion were based in the South East (18 per cent), followed by the North West and London (10 per cent.)

Four per cent of respondents surveyed already owned property abroad. Over one quarter of these respondents were again based in the South East (28 per cent), followed by London (15 per cent) and Yorkshire and the Humber and West Midlands (7 per cent.)

Tony Wilcox, managing director at Bank of Scotland International, said: "If you are planning to leave the UK to live temporarily or permanently overseas, you need the right products and services in place, so that you have a firm foundation for your finances, no matter where you are.

"When moving abroad there are many aspects of life which British expatriates have to adjust to and personal finance is no exception."