Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

5 Dec at 6 PM 2017

Wealthy expats fleeing Britain in fear of post Brexit tax status

Reports show over 12,000 non-domiciled expat professionals have left the UK over the past year, with another 55,000 planning to leave. The mass exodus is focused on the City of London financial district with its specially orchestrated non-dom tax rules, introduced to encourage top financial talents to take temporary assignments in the UK. With Brexit looming, the privileged few aren’t hedging their bets after an announced new crackdown on long-term non-doms. Changes in the law will mean non-doms will need to have been resident...
6 Oct at 6 PM 2017

Design and décor do’s and don’ts for a quick property sale

Selling your home is one of life’s most stressful experiences but, by making sure you’ve the most marketable chunk of real estate in the area, getting a higher than expected price makes it all worth while. For most of us, having our own home gives the chance to indulge our personal tastes by decorating and furnishing according to our own individual take on home décor. According to new research by the housing sector’s trade body, some aspects of décor and design considered desirable by individual home-owners might actually...
6 Sep at 6 PM 2017

Brit expats in Europe in no rush to repatriate

In spite of predictions of a mass exodus from Europe, expats living in European Union states seem to be in no hurry to up and leave. A report for the UK’s Office of National Statistics, (ONS), has stated the number of UK expat pensioners leaving the UK for sunnier climes is still rising despite the uncertainties caused by Brexit. In contrast, recent media reports suggest the exodus is going the other way, with increasing numbers of EU citizens working in the UK deciding to either repatriate or find suitable jobs in EU states....
30 Aug at 6 PM 2017

UK expats in rural Spain afraid of losing their peaceful lives

Not all British expats in Spain choose the noisy, tourist-heavy Costa beach resorts, with more than a few living peaceful, rural lifestyles in small, mountainous towns. The small conurbation of Baza perches high on a plateau edging Spain’s Granada province and is home to a different style of British expats happy to live a rural lifestyle away from the crowds and noise of the Costas. The stunning mountainous setting, inexpensive property prices and genuine Spanish lifestyle have attracted a steady flow of incoming expatriates, many...
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...
8 Aug at 6 PM 2017

Expat international money transfers made easy

Wherever you’re working as an expat and however much you’re earning, you might need to transfer money back home. If you’re working overseas and supporting your family back in the home country, you’ll need to be able to make regular transfers without their costing you a fortune. The same goes for mortgage payments and savings accounts in your own currency. Currency transfer is very big business for international banks, with transfers from overseas to the UK totalling around a massive four billion sterling in 2015, much of which...
17 Jul at 6 PM 2017

British expats in Alicante not bothered by Brexit

In contrast with a number of media reports to the contrary, Brit expats living in Alicante seem to be not at all bothered by the possible outcome of Britain’s divorce from the EU. According to the Madrid-based National Institute of Statistics, Alicante is home to Spain’s largest British expat community, at present holding some 73,000 mostly retired Britons living the sunshine life. Ever since the referendum result was announced, media reports have centred on the concern felt by UK expatriates in Europe as to Brexit’s effects on...
10 Jul at 6 PM 2017

Should expat investors in EU properties stay positive

Even although it’s not at all clear how Brexit will finally affect UK citizens living in Europe, many Britons still planning to buy holiday homes are focusing on the effect of the UK’s divorce on foreign property prices. Those who purchased homes in European countries prior to the referendum have already made a profit on paper due to the collapse of sterling after the Brexit result was announced, and may yet make more if a hard Brexit becomes reality. For those hoping to buy in the near future, a holiday home in the sun may well...
22 Jun at 6 PM 2017

Shifting global economy good news for expat living

The oil price crash combined with increasing global nationalism over the past year has caused the global economy to shift, thus decreasing the cost of living in London and other expensive expat destinations. As a result of the global changes, the latest survey of the world’s most expensive cities has produced some surprising results indicating dramatic cuts to the cost of living in London and other major world cities. In the majority of cases, the values of local currencies have tanked against foreign currency rates, with expats...
20 Jun at 6 PM 2017

Brexit impact on expat property owners

Brexit negotiations are now underway, but a lack of first-hand information on the UK government’s position is weighing heavily on UK expat property owners in EU member states. Divorce talks between the UK and the EU are now ongoing, with Brexit Secretary David Davis stating the UK is seeking a ‘deal like no other in history’ – whatever that may mean. The plight of EU and UK expats is expected to be top of the agenda, but the effect of Brexit, whether hard, soft or somewhere in between is anyone’s guess. Fear of the unknown...