Expat Working Abroad News

Latest 10 news items tagged Working Abroad

22 Feb at 6 PM 2017

Didi to offer expat aimed English language ride sharing app by summer

Expats in China who were devastated when Uber removed its English language interface after its sale to Didi can take heart that ride-sharing will again be a reaiity in the near future. Some three months after Uber was taken over by Didi Chuxing, its English language interface, ability to work overseas and option to pay with credit cards issued by foreign banks were all removed from the app. Expats in China were left with no option but to struggle with the Chinese language whilst getting lost courtesy of Chinese taxi drivers or local...
22 Feb at 6 PM 2017

Expat property investors routinely rejected by UK mortgage brokers

At a time when sterling is falling against a basket of foreign currencies, British expats wishing to invest in UK property are being routinely refused mortgages. The recent sharp rise in interest in UK properties by British citizens working overseas is being fuelled by the falling pound and is resulting in increased interest in cheaper areas outside the capital. However, the opportunity to invest is being stymied by the difficulty of obtaining mortgages for buy-to-let real estate in the UK. Enquiries from overseas buyers including UK...
2 Feb at 6 PM 2017

Irish construction boom prompts pleas for expat workers to return home

Following its forecast of a building boom between now and 2020, the Irish Construction Industry Federation (CIF) is urging expat construction workers to return. During the 2008 financial crash, Ireland saw a mass migration of teachers, medical staff and construction workers seeking new jobs, new lives and higher wages in destinations across the world. New Zealand was a favourite for construction professionals, especially during the still-ongoing rebuild of Christchurch after the devastating earthquake in 2011. The CIF’s...
9 Jan at 6 PM 2017

Expats and retirees paid in sterling feel exchange rate pinch

The shocking decline in the value of the pound sterling against major currencies is hitting UK expat pensioners as well as expats working overseas and being paid in sterling. The majority of UK expats are either retirees drawing pensions originating in the UK or professionals working on overseas contracts including sterling payments. Both groups are now being hard hit by the pound’s spectacular fall against a basket of major currencies. Overall, the currency has dropped 11 per cent over the last two years, but its fall post-Brexit...
21 Dec at 6 PM 2016

Expats overseas queuing to purchase UK buy to let properties

In spite of the UK government’s recent change in its tax policy for buy-to-let purchases, sales of British properties to overseas buyers have soared since Brexit. Since the sterling crash following the Brexit result, mortgage enquiries by non-British residents have soared by almost 50 percent, with the majority of the increase taking place in the fourth quarter of 2016. Opportunistic property investors living overseas are taking advantage of the discounts caused by the weaker exchange rate. UK property is now considerably...
30 Nov at 6 PM 2016

Survey shows Thailand losing popularity as an expat destination

Thailand’s overall position in the well-known HSBC Expat Insider survey has dropped in one year from seventh position to 18th, with its positions in several sub-sections of the poll dropping still further. Once a dream destination for expats, whether working or retiring, Thailand’s reputation now seems to be on the line as regards personal happiness, quality of life, travel and transport, friendliness, settling in and safety and security. The only categories still in positive territory seem to be leisure options and healthcare,...
24 Nov at 6 PM 2016

QROPS rules for British expats to tighten next year

New UK Chancellor Philip Hammond’s budget speech yesterday indicated the eligibility rules for the Qualified Recognised Overseas Pension Schemes are about to become tougher. British expats are being warned that Hammond’s budget includes a plan to tighten up on eligibility rules for QROPS, starting April 6 next year. The devil, apparently, is in the details of an add-on clause in Treasury documents presented yesterday to the British parliament by Hammond. Unsurprisingly, policy advice set up in Para 4.21 Page 38 of the...
18 Nov at 6 PM 2016

Survey slams London as worst world city for expats

A recent survey left London in the doldrums as the worst city in the world for expat life. Quality of life, personal happiness and personal safety were all scored low in the InterNations expat survey, with its overall rating a poor 27 out of 35 world cities. The shocking results included a rate of 24th for quality of life, 26th for leisure options, 18th for travel and transport, 24th for health and well-being, 24th for safety and security and a dismal 33 for personal happiness. The survey was taken before the announcement of the...
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...
2 Nov at 6 PM 2016

Young Britons in EU countries feeling the Brexit chill

Endless articles on the plight of expat retirees in EU member states have now become the post-Brexit norm, but young Britons working in the EU are also in confusion. It’s not just elderly Brit expats whose lives are being turned upside down by the Brexit vote, it’s also the huge number of millennial expats who’ve chosen to live thier lives and begin their careers overseas. For young Britons, the EU’s freedom of movement is an option they’ve grown up with, and working overseas is seen as a great way to kick-start the rest of...