Expat Currency News

Latest 10 news items tagged Currency

16 Oct at 6 PM 2019

Slump in expat arrivals hits Thai condo market

The soaring baht and a dearth of expat arrivals have hit hard on the country’s condominium market. Real estate agents across Thailand are hunkering down and hoping to survive what one developer is calling the most severe situation in the past 10 years. Prices have slumped during 2019, mainly due to the continued rise in the baht and a strong fall in the numbers of Chinese and Western expats arriving to work or retire. Almost half a million residential condominiums both in Bangkok and other major cities were left unsold in 2018,...
14 Oct at 6 PM 2019

Expat pension schemes well prepared for Brexit chaos

Over 50 per cent of pension schemes are now considered safe from the after-effects of Brexit. A major concern for British expats living overseas has been the Brexit effect on their pension schemes, but the majority of schemes recently surveyed are well prepared for any fall-out. Just 20 per cent of the total numbers of providers believe Britain’s exit from the European Union may cause an increase in red tape and additional costs, with over half of existing schemes having taken measures to mitigate any risks. As previously...
4 Oct at 6 PM 2019

Expat retirees in Thailand hard hit by strong baht

As the Thai baht gets ever stronger against Western currencies, more and more expatriates are feeling the pinch. Thailand has been perennially popular with expat retirees from the Western hemisphere, but the inexplicable rise in the value of its baht currency is wrecking the carefully-calculated financial strategies of a good number of retirees dependent on monthly pension transfers from the home country. For British long-stay retirees, it’s even worse, as their pension payments were frozen at the rate current when they left the UK....
1 Oct at 6 PM 2019

Would-be Brit expats urged to check their destinations for frozen pensions

Would-be British expat retirees are being urged to check their favoured destination as to whether it’s subject to frozen UK pensions. As Brexit day approaches yet again, many Brits are finalising their plans to leave the UK to its own devices and settle down for a comfortable retirement elsewhere in the world. Many will be relying on the British state pension for their everyday needs, even although it’s now considered ungenerous at best. In the rush to leave, it’s possible a good few haven’t taken into account the harsh fact...
26 Sep at 6 PM 2019

Hong Kong-based expats still investing in UK buy to lets

Over the past several years, the numbers of expats in Hong Kong investing in British property has grown substantially. Nowadays, the idea of buying a property in Hong Kong as an investment is declining due to the island’s incredibly high real estate prices, with a basic home priced at almost 20 times the average local salary. As a result, home ownership totals on the island are some of the lowest in the world, leaving would-be expat investors looking elsewhere for affordable buy-to-lets. Due to Brexit, UK property prices are in...
25 Sep at 6 PM 2019

Does the ongoing Brexit chaos affect Brit expats in Thailand?

Without a doubt, Brexit has become a disaster for British expats living anywhere in the EU, but how is it affecting those who chose Southeast Asia as their destination? The political turmoil caused by what was sold to the general public as a non-binding advisory referendum hasn’t just resulted in expat dreams being shattered all across Europe, it’s also hurt UK nationals living, retiring or working in the rest of the world including Southeast Asia. During the past three years, the value of sterling has fallen dramatically,...
20 Sep at 6 PM 2019

How will the 2020 Dutch budget affect the expat community?

In these troubled times, the word ‘budget’ can send expats’ hearts sinking, in case their purchasing power is limited by increased costs or even swingeing taxation! As every expat is - or at least should be – aware, the economic state of a country can have a direct influence on salaries, especially if they’re paid in the home country’s currency. Luckily for expatriate professionals in the Netherlands, their chosen country’s economy is in a reasonably stable state, with its national debt due to decrease to less than 50...
9 Sep at 6 PM 2019

Ensuring the best outcome when investing in an overseas property

For expats buying a home overseas, it’s often a daunting prospect due to language difficulties and lack of knowledge of property laws applicable to non-citizens. Emigrating on a permanent or semi-permanent basis often includes buying a property in the new country of residence, but it’s a challenge for new arrivals who don’t yet know their way around property laws and the correct procedures. As a result, the first priority should be to seek legal advice from a totally independent property specialist with no ties to any other...
6 Sep at 6 PM 2019

Protecting UK expat assets at this crucial time

As Britain’s parliamentary crisis worsens and Brexit creeps closer, Brits in Europe are becoming ever more concerned about protecting their assets. As the Johnson premiership becomes even more unstable whilst the Brexit clock keeps ticking, British expats in the EU are increasingly concerned about protecting their assets against the worst possible scenario. As expected, representatives from the major independent financial advice companies are urging continued investment, at a time when even top financial experts are unsure as to the...
3 Sep at 6 PM 2019

British expats suffering more every week from crashing pound

As the British parliament reassembles for the fight of its life, expats and holidaymakers get slight relief as sterling temporarily stabilises, albeit at a low rate. Ever since the so-called ‘election’ of Boris Johnson as the UK’s latest prime minister, the slide of the pound against the euro and a host of other currencies has continued amidst doom-laden projections of its final fate after a no-deal Brexit. It seems as if every time Johnson makes yet another upper class-accented statement, more British expatriates get less...