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HSBC poll shows 45% of expat parents ‘felt at home almost instantly’ in the Philippines

 

MANILA – Many expatriates and their families consider the Philippines a haven, according to the latest Expat Explorer survey.

The independent online survey commissioned by Hongkong and Shanghai Banking Corporation (HSBC) had 26,871 respondents from more than 100 countries. It is considered one the longest-running and largest surveys that interview expatriates for their views on life in other countries.

A Philippine Daily Inquirer report quoted Kris Werner, HSBC Head of Retail Banking and Wealth Management, as saying, “In the Philippines, 45 percent say that they felt like home almost instantly or in less than six months.”




“This is not surprising given the innate hospitality of the Filipino people,” he added.

“The Filipinos are such a happy, family-oriented culture, and more and more expats agree that working in the Philippines allows them to benefit from the booming economy but also offers a good place to raise a family,” Werner said.

As regards challenges, 56 percent of expat parents said “meeting new friends” was one of the three major challenges and 44 percent said the two other challenges were “missing family and friends and settling in a new school.”

The survey also showed that 56 percent of expat parents felt Filipinos welcome people regardless of race, faith, gender or sexual orientation while 53 percent of expats in the Philippines enjoyed immersing in the local culture, with 63 percent able to easily form new friendships.

According to HSBC, this was “certainly aligned with the local environment that is generally reported to be affectionate, indulgent, and supportive.

Meanwhile, other highlights of the survey are:

*Almost half of expat parents polled from across the world said their children took more than six months to feel at home in their new country with 25% saying the adjustment period took more than a year.

*67% of expat parents took six months to adjust to life in a new country while 49 percent said their period adjustment lasted more than a year.

*62% of parents deemed the overall cost of raising children abroad as more expensive than in their home country but 57% said it was less expensive to raise children in the Philippines than in their country of origin. GAC/Expat Media

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