Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

22 Apr at 6 PM 2016

Study shows majority of EU based expats have Brexit fears

A recent study has revealed that two thirds of UK expats living in European Union countries are concerned that Britain’s leaving the EU would have significant negative effects on their lives. The poll, carried out on behalf of an investment and financial advisory company, involved expatriates in France, Spain, Italy, Hungary, the Czech Republic and Germany. Just over two-thirds of respondents admitted they were anxious about the outcome Brexit, with 24 per cent unconcerned and eight per cent saying they did not know. According to...
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...
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...
29 Mar at 6 PM 2016

Brexit bewilderment causing expat panic in paradise

As the Brexit debate rages on, an exodus of British expats at present living in Europe is being touted as the likely result. Concern is growing in British expat communities across Europe, fuelled by an almost total lack of hard information about the consequences of Britain’s leaving the European Union. Speculation and rumours about the loss of free healthcare, the introduction of frozen state pensions, the right to study overseas, higher taxes and a falling exchange rate are sowing panic amongst long-established communities of...
23 Mar at 6 PM 2016

One third of Brit expat retirees planning to return home

New findings by a British bank show that at least one third of all UK expat retirees plan to return to the home country at some point. The recent release of NatWest Bank’s Quality of Life Survey seems to shed a new and depressing light on the expat dream of retiring overseas. Results show that over 33 per cent of the poll’s respondents are seriously considering returning to the UK. High on the list of reasons to give up on sun, sea, sand and a new life overseas is the global recession, hitting harder in popular European...
10 Mar at 6 PM 2016

Brits still heading for Spain as property prices remain stable

As Spain’s property market continues its run of stability, demand by British would-be expats is showing increased growth. Foreign buyers now account for more than one in every ten properties sold, with expats and non-residents forming the majority of purchasers. Foreign demand rose by 11 per cent during 2015, whilst local demand grew by just 7 per cent. British buyers dominated the market percentage-wise, purchasing just under 10,000 of the 46,000 properties sold during the year. French buyers accounted for 9 per cent of the total,...
8 Mar at 6 PM 2016

EU Brexit fears stalk UK expat communities

Fears of a massive shake-up for expat Brits in the EU’s favourite destinations are dominating discussions about the political and personal ramifications of a Brexit ‘yes’ vote. Should the result of the June 23 referendum see the rug being pulled from under the feet of those who’ve chosen the good life over staying in the UK, a forced and unwelcome return to the home country may be the only available option. Panic reactions aside, the fallout of Britain’s leaving the EU could result in pensions chaos, non-available health...
19 Mar at 3 PM 2015

Malaga’s property market revival being led by the British

Due to recent exchange rates, this year British citizens are predicted to start buying up even more Spanish property. Last year, compared to any other foreign nationality, more property in Malaga was bought by the British, which helped to cause a 28% rise in sales. Expats bought 38 per cent of the homes on sale. Over the last two years, property bought by foreigners in Malaga has nearly doubled, increasing to 9,000 in 2014 compared to 5,140 in 2012. Scandinavians came second after the British buyers, then French, Benelux buyers,...
18 Mar at 6 PM 2015

Spending Power Decreases for Expat Pensioners

According to a recent survey, two thirds of pensioners are now less financially well off compared to ten years ago. Equiniti, a pension payments firm, have looked into how pensions being paid in Sterling compare to other currencies. With the majority of the firm’s 60,000 clients living in the Eurozone, this is bad news although the growing pound enables people to enjoy a higher exchange rate in other countries. Over the past year, the pound has increased 10 per cent in value against the euro, yet the pensioners are worse off...
7 Jan at 4 PM 2015

Oslo most expensive European city for expats

The Norwegian capital Oslo has been ranked as the most expensive city in Europe for expats to live in, according to a recent cost of living survey. The latest rankings, compiled by ECA International, did not feature any cities in neighbouring Sweden in the top 30, most likely because of the weakening of the Krona. ECA conducts cost of living surveys twice annually to assist companies in working out allowances for employees while on foreign assignments. The surveys compare like-for-like consumer services and products commonly bought...