Expat Currency News

Latest 10 news items tagged Currency

29 Nov at 6 PM 2017

UK expats still taking advantage of sinking sterling to purchase UK property

Expats on assignments in the UAE are still taking advantage of the shrinking pound by investing in UK property. New research indicates both foreign nationals and UK expats working in the UAE are snapping up British real estate whilst sterling is at a low point. Outside London, its suburbs and its fashionable outer rim, property prices are falling due to low demand by British residents, leaving bargains to be had in the buy-to-let and second home markets. During 2017, the majority of buyers concentrated on properties in the...
14 Nov at 6 PM 2017

Teaching your expat kids to become money wise

Expats on assignments with their families are in the perfect position to teach their young ones the importance of becoming familiar with the need to save and manage money. Expatriates working in countries where high salaries and affluent lifestyles are the norm should first teach their children not to take large amounts of ready cash for granted. Early lessons can be based on the link between earning and spending simply by asking your kids to de a simple job before handing out the week’s pocket money. Tasks around the home, such as...
13 Nov at 6 PM 2017

Kuwait residents and expats evacuate as strong Iraq earthquake shakes buildings

Last night, a 7.3 magnitude earthquake struck Iraq, with tremors in Kuwait forcing panicking residents and expats onto the streets. The huge earthquake hit large areas of Iraq, including Baghdad, and was centred around Halabja on the country’s border with Iran. Shocks were felt in Kuwait, sending frightened residents onto the streets as building swayed and the ground shook. Aftershocks were expected, although at present little damage appears to have been done to buildings in the emirate and no injuries or fatalities have been...
7 Nov at 6 PM 2017

Is Cyprus the best destination for UK retirees

For several decades, Cyprus has been a favourite holiday destination for sunshine and hospitality, but is it the best option for UK retirees? Once under British possession and now divided into two halves with the north under Turkish rule and the south now the Republic of Cyprus, this stunning Mediterranean island has been a favourite for British holidaymakers since cheap flights became a reality. Many visitors returned home dreaming of a sun-baked retirement, but is Cyprus the best place for disenchanted Brits? Once a bargain...
11 Sep at 6 PM 2017

Gulf State slowdowns affecting real estate sales

Dubai as a must-have for expat professionals might now be more affordable as its property market stalls. As economies in the Gulf States slow down, house prices and rentals are becoming more affordable for expats. Dubai’s developers are hoping to encourage incomers to invest in pre-sales in order to offset the fall in oil prices and currency problems. Standard and Poor’s earlier projection that Dubai rents and real estate priced would continue to fall over the whole of 2017 seems to have been accurate, giving expats the chance to...
8 Sep at 6 PM 2017

US expats heading to Ecuador for retirement

As it becomes increasingly difficult to fund an enjoyable retirement in the USA on the average pension or social security payment, older would-be expats are looking to exotic yet affordable locations such as Ecuador. Many are finding they can enjoy luxuries as well as plan a comfortable budget for necessities, and there’s lots to see and do in this rapidly developing country. Ecuador is a small country set on South America’s northwest coast, with its citizens enjoying a relaxed pace of life unknown to almost anyone living in...
28 Aug at 6 PM 2017

Woes increase for expats in Spain as pound hits new low

Sterling is still falling against the euro, with last week’s drop marking a fresh eight-year low. Expats living in Spain and depending on the ungenerous UK state pension have been hit by the currency’s latest fall against the euro. The official rate is now just €1.08, having fallen by over 15 per cent since last June’s referendum result. British holidaymakers heading to Europe are being quoted just 87 cents per pound at British regional airports’ Moneycorp exchange booths – the lowest rate since the 2008 financial...
10 Aug at 6 PM 2017

What makes a successful expat

Personality traits are all-important to our view of life, with the qualities needed to make a success of the expat life not always the most obvious. Since humans first stood on two legs and found a comfortable cave for shelter, the need to broaden our horizons has ensured the race’s spread throughout the entire world. Curiosity and fascination with what’s over the next hill has resulted in many different races, and the feeling is still alive, especially in those planning to become expats. The comparatively new trend of living,...
10 Aug at 6 PM 2017

Stay or Go is UK retiree dilemma

EU member states and Spain in particular are still on the retirement agenda for UK would-be expats. Britons coming up on retirement are still favouring European destinations in spite of the uncertainty surrounding the final outcome of the Brexit negotiations. A recent survey has revealed one in every 10 UK citizens over 50 years of age is still considering retiring abroad, with Spain topping the favourites list again. As usual, reasons for leaving include the British weather, a more relaxed lifestyle and cheaper costs of living....
9 Aug at 6 PM 2017

UK expat retirees urged to do homework before emigrating

Spain’s position as an all-time favourite retirement haven for older Brits seeking sunshine and sangria is still unrivalled, but France, Italy, Portugal and Far East destinations such as the Philippines and Thailand are still getting attention. A recent survey of Britons approaching retirement has revealed the main attractions of quitting the UK are better weather, a cheaper cost of living and a more relaxed lifestyle. In the initial excitement of planning a new life in an unfamiliar new country, it’s easy to forget realties such...