Expat Exchange Rates News
Latest 10 news items tagged Exchange Rates
15 Feb at 6 PM 2019
Traditionally a favourite for British expat retirees, Spain and its real estate market are caught between currency exchange rate
instability and a lack of Brit expat buyers due to Brexit uncertainty.
Following the 2008 financial crisis, Spain’s formerly successful property market slumped to a low point from which it had barely recovered when the Brexit referendum moved its goalposts yet again. Although house prices had staged a positive recovery, they’re still below those considered normal before the financial meltdown. One major...
13 Feb at 6 PM 2019
The top ten most expensive Asian cities now include Bangkok, Pattaya and Chiang Mai.
Cost of living surveys are popular with would-be expatriates as they give a benchmark for wage or pension levels, with several developing countries in Southeast Asia considered to be a cheaper option than many other world destinations. However, a shock result in Numbeo’s January 2019 Cost of Living Index revealed Bangkok, Chiang Mai and Pattaya as being in the list of the ten most expensive ASEAN cities.
Numbeo ranks world cities according to a...
11 Feb at 6 PM 2019
British retirees planning to emigrate to Portugal are sitting on their hands rather than snapping up properties.
Real estate agents along Portugal’s Algarve coastline are losing British expat buyers due to Brexit-led uncertainty about sterling’s value. However, the lull in done deals seems only to be affecting reasonably-priced properties under 500,000 euros, whilst luxury pool villas set in small estates are still finding buyers who can afford to ignore the poor exchange rate
. In spite of Brexit, Portugal in general and the...
17 Jan at 6 PM 2019
Following Tuesday’s shock parliamentary vote, British expats in Spain are hoping against hope for a second referendum.
Spain is the all-time favourite for British expats fleeing the UK’s unreliable weather and its less than satisfactory quality of life for ordinary people, with those who’ve retired to the sun first in line for the devastation of a no-deal or hard Brexit. Predictions of the damage either option will do to the UK economy may or may not be accurate but would take some time to become apparent to the bulk of the...
31 Dec at 6 PM 2018
According to a new study, expatriates living and working in the UK are getting more for their money due to Brexit.
London is now one of Europe’s cheapest capital cities for expats receiving their pay in euros, due to the Brexit effect on the value of the pound sterling. It’s also a bargain destination for tourists. Formerly, London’s bad reputation for being one of the costliest world capitals for relocating expats caused international corporations to calculate carefully before deciding on reassignments from outside the UK,...
13 Dec at 6 PM 2018
It seems Brexit isn’t bad news for everyone, as expat professionals in the UAE are repatriating cash at great rates.
As the pound sterling continues its path downwards, expatriates working in the UAE are laughing all the way to their UK banks as they remit currency at the best rates seen since the 2008 financial crash. Even so, they’re now in a dilemma – whether to wait until the pound crashes still further or send money home using today’s attractive exchange rates
. One insurance broker is holding off as he’s convinced...
1 Dec at 6 PM 2018
Brit expats working in Europe invest in London buy-to-lets whilst those working in the Middle East prefer North of England properties.
Perhaps the aboveo is something of a generalisation, but the statistics come from a major UK buy-to-let mortgage lender dealing with British expat property investors across the world. Over the past few years, the buy-to-let boom has forced real estate prices higher across the UK and caused a price explosion in London and its suburbs, but it still shows no sign of slowing down.
The survey breaks...
28 Nov at 6 PM 2018
Although many British expats in Spain are beginning to believe the only way forward is to reluctantly return to the UK, is this really necessary?
As Britain’s Prime Minister attempts to sell her controversial deal to Parliament, a strategy which seems likely to fall flat on its face, the numbers of British expatriates in Spain who’ve finally decided to give up and go home are on the increase. However, long-stayers and retirees may not have realised how much the UK has changed since they chose a life in the sun against the country...
19 Nov at 9 AM 2018
British expats relocating to the UK in fear of Brexit are faced with shock property price hikes.
A good number of Brit expats rented out their UK homes when they left for warmer climes, but the majority sold their properties in the UK in order to upgrade to beachside or poolside villas in the Spanish sun. Sadly, although the Spanish property market is now experiencing an upturn, decreasing numbers of newly arrived expats and an increase in British real estate prices across the board has left many UK returnees with renting as the only...
12 Nov at 6 PM 2018
Retiring in the sun is the dream of many older Britons, especially since the Brexit referendum.
Expats past the age of retirement make up a sizeable percentage of British nationals living overseas, according to the Office for National Statistics. Portugal and Spain are major UK retirement hubs, with pensioners aged 65 and over accounting for 39 and 42 per cent of the total British expat population respectively in the two countries. In addition, 207,300 of the 784,900 UK-born nationals living in Europe are of retirement age or older....