Expat Currency News

Latest 10 news items tagged Currency

13 Apr at 6 PM 2016

Expat buy to let mortgage demand still strong

In spite of new restrictions introduced by the government in March’s budget, the expat buy to let mortgage market is seeing increased demand for its products. Expats wishing to maintain a foothold in the British property market are now being offered a wider choice of buy to let mortgages. UK property prices are still climbing faster than the 2015 global average, making buy to let not only a source of regular income but also a good bet for capital increases. In order to increase their market share, new guys in the game Skipton...
12 Apr at 6 PM 2016

UK retirees still prefer European destinations for their golden years

Despite increasing fears that the upcoming Brexit referendum will wreck their long-held plans, UK retirees are still planning to head to favourite European destinations to enjoy their golden years. A recent survey showed that one in every ten respondents were intending to use their pension savings to retire overseas. The poll involved 1,000 UK citizens between the ages of 50 to 70 years, with the coastal continental European destinations topping out as the chosen favourites for 68 per cent of those who took part. The most popular...
1 Apr at 6 PM 2016

QROPs transfers OK for former expat workers in UK

QROPs can be had by foreign expats with UK workplace pension rights. It’s a well-known fallacy that expats from overseas who’ve had workplace or personal pension plans can’t access them once they’ve retired in their home country or overseas. The main reason for this frustrating belief is that many occupational and private pensions taken out in the UK are difficult to access from many overseas locations. As a result, the cash benefits accrued are locked away whilst the pension providers are obliged to deduct tax from the...
30 Mar at 6 PM 2016

Currency exchange roller coaster hitting Brit expats in Europe

British pensioners who’ve moved to other EU member states over the past ten years have seen currency rates shave 11 per cent off their income. Fluctuating exchange rates since 2006 have reduced the actual value in euros of British pensions by 11 per cent, according to pension provider companies. Combined with a rise in the cost of living across the Eurozone and a major fall in property values, it’s bad news for expats who planned a comfortable retirement overseas. The latest fall in the value of the British pound is the result...
21 Mar at 6 PM 2016

Brexit nightmare hits Brits in Spain

Contrary to the expected uproar from over a million UK expats in Spain over even the possibility of Britain’s quitting the EU, many long-term Brits are going with their gut feelings and voting to leave. Although the vast majority of Brits living the dream in Spain’s costas haven’t changed their nationalities, a good number have lived outside the UK for more than 15 years, thus losing their right to vote. The same applies to many of the four million Brits living elsewhere in the EU, with no poll having been taken on the...
11 Mar at 6 PM 2016

Singapore still the most expensive world city for expat life

Even although prices in the tiny city state have been easing for a while, Singapore has kept its position as the world’s most expensive city. The Economist Intelligence Unit’s 2016 survey of the cost of living in major world cities has confirmed Singapore’s place for the third year in succession as the world’s costliest place to live. The Southeast Asian metropolis headed up Zurich, Hong Kong, Geneva and Paris, with London coming in at sixth place and New York rated as seventh. The survey compares the prices of over 160...
19 Jun at 11 AM 2015

Asian cities in 5 of top 10 priciest expat destinations

Asia is now among the world’s most expensive regions for companies to send foreign workers to live in, revealed the latest survey from Mercer, with five of the top 10 priciest destinations being in the east of the continent. Hong Kong jumped from third place last year to second this time out, while Shanghai, Beijing and Seoul were also in the top 10. Meanwhile Tokyo, which was the most expensive city for foreign workers in 2012 has now dropped out of the top 10 after falling from seventh to 11th in this year’s rankings, largely...
19 Jun at 9 AM 2015

London cheaper for expats than Hong Kong or Geneva

London is now a cheaper city to live in for expats than Geneva, Hong Kong and the Angolan capital Luanda revealed a new study. The British capital came 12th in the latest cost of living poll, which looked at the priciest cities for multinational companies to base their expatriate employees. The news may come as a surprise for HSBC as it considers changing its headquarters from London to Hong Kong, with the East Asian city being named the world’s second most expensive city to base expat staff. The study, which is conducted...
1 May at 9 AM 2015

Rise in British expats investing in property

The number of British expats looking to invest in property back home has been on the up since the beginning of the year, according to a leading lender. deVere Mortgages revealed that in the first three months of the year, 75 per cent of all home loan enquiries it had received were made by Brits living overseas, predominantly expats residing in regions such as the Middle East, Asia, the US and Russia. The group explained that one of the main reason for the surge in interest has been currency charges, with the pound’s weakness...
25 Mar at 3 PM 2015

Dual citizenship to be granted to Sri Lankan expatriates

A minister from the government said that, from Monday 23rd March, expatriate Sri Lankans would be able gain dual citizenship due to a new administrative procedure. Those able to take advantage of the new procedure will be those who have emigrated to Canada, the UK, the USA, New Zealand, Australia, Sweden, France and Switzerland. On Monday, John Amaratunga , the Minister of Public Order, Disaster Management and Christian Affairs, said there would be a Rs. 50,000 – 250,000 fee for the application procedure. Those wanting to be...