Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

5 Dec at 6 PM 2016

Brexit effect devastates Spanish property market

Real estate agents in the Spanish Costas are reporting British demand for homes in the sun has fallen by 50 per cent since the Brexit vote. According to local estate agents, British demand for holiday and retirement homes in the popular Costa del Sol and Costa Blanca regions has fallen by 50 per cent since the Brexit vote and subsequent sterling crash. The slump wiped out strong gains in the market during 2015, during which 10,000 homes were purchased by Britons taking advantage of the strong pound. Traditionally, British buyers...
17 Nov at 6 PM 2016

Expat buy to let property investments soar since sterling fall

New research has shown a considerable increase in the number of British expats overseas investing in UK buy-to-let property. The surge is being attributed to the sterling crash following the Brexit vote. Skipton International, one of the few British financial institutions offering expat buy-to-let loans, has shown an 80 per cent increase in loan applications from UK expats working overseas. British nationals working in the Gulf States have been first in line to take advantage of the exchange rate, and are being followed by expats in a...
4 Nov at 6 PM 2016

Expat havens for those who hate Trump and Clinton

Whichever way this horrendous US presidential election goes, there’ll be thousands of voters who simply can’t live with the results and decide to depart for politics-free havens overseas. At least 23 USA celebrities have already decided to leave should their favourite get trashed, and are happily scouting luxurious hideouts on private islands and other such hi-so haunts. Everyday Americans, however, may well have less extensive choices, mostly involving affordable overseas locations well south of Trump’s much vaunted Mexican...
5 Aug at 6 PM 2016

UK rate cut heaps more pain on retired expats in Europe

Thursday’s Bank of England rate cut to 0.25 per cent is yet another blow for retired expats in EU member states. Following the continuing impact on currency exchange rates post-Brexit, the Bank of England’s decision to cut base rates to 0.25 per cent is a further blow to retired British pensioners living in Europe. Most have endured years of low returns and are now faced with significant shortfalls in their monthly budgets. Financial firms are describing the cut as a painful disaster which will hit at least a million retired...
25 Jul at 6 PM 2016

No good news as Dubai expats prepare for the worst

With the expats’ promised land now failing to deliver, many long-term expat residents in Dubai are mulling over a return to their home countries. Although economic forecasts suggest the desert-based mega-city is better placed to weather the storm than its neighbouring emirates, the combination of the oil price crisis and the downturn in construction is hitting hard on expats as well as local businesses. Major foreign-owned companies linked to the oil industry are cutting jobs as clients scale back on projects, with removal firms...
22 Jul at 6 PM 2016

Brexit puts a damper on Britons retirement plans

Brexit’s shock result has all but wrecked the retirement plans of many Brits due to freedom of movement insecurity and possible financial planning chaos. The biggest question mark threatening the retirement plans of a fair proportion of older Brits is the ability to settle legally in one of the many European expat destinations. Although, just a month after the referendum took place, there seems to be a slight easing of doom and gloom as regards freedom of movement, the risk of losing everything is still there. Even more of a risk...
12 Jul at 6 PM 2016

Brit expats in the Gulf advised to keep sending money home

As a result of continuing uncertainty over the value of sterling, British expats working in Gulf states are being advised to keep sending money home. The dramatic fall in the sterling exchange rate following the shock Brexit result prompted an eight-fold increase in remittances from the region to UK banks. Given the continuing political and economic bad news, it’s no surprise financial experts are recommending that expats continue to transfer capital back to their home countries. Gulf Research Center’s director of economic...
11 Jul at 6 PM 2016

Brexit fears disregarded by Brits still heading for France

In spite of the uncertainty of their future in France, would-be UK expats and those recently arrived are not about to change their minds as regards their preferred country of residence. Whilst expats already living across the Channel are having problems digesting the possible future effects of Brexit, many who’ve already made the decision to leave the UK are sticking to their guns and changing their plans to suit the circumstances. Notwithstanding the fall in sterling, tearing up their long-held dreams is definitely not an option....
6 Jul at 6 PM 2016

Will the Brexit affect drive up Oz property prices

Analysts struggling to find shreds of good news lurking behind the massive black cloud of Brexit are suggesting that Britain’s leaving the EU may have a positive effect on Australian real estate prices as well as boosting the number of buyers. The theory behind the report is that, once Brexit is a reality and the UK has finally left the European Union, Australian expats will be forced to return home. This, apparently, will drive population growth and demand for properties as well as preventing Aussies from emigrating to further their...
27 Jun at 6 PM 2016

UK expats in Thailand worried about Brexit reverberations

As the value of sterling shrinks due to the disastrous and unexpected result of the Brexit referendum, expats living in the southeast Asian retirement hub as well as visitors are expressing their concern. According to Thailand’s popular English language newspaper Bangkok Post, it’s not just British expats living, retiring and working in Thailand who are concerned about the effects of the Leave win. British tourists are also worried about the increased cost of holidays and the economic instability caused by the exchange rate. At...