Expat Exchange Rates News
Latest 10 news items tagged Exchange Rates
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....
6 Nov at 6 PM 2018
The Brexit-hit pound sterling is providing a once-in-a lifetime opportunity to Middle East investors wishing to purchase UK property.
Investors in Dubai and the rest of the emirates are piling their money into British buy-to-let properties, forcing house prices up whilst taking full advantage of the shrinking pound and low mortgage interest rates. Worse still, many are waiting in eager anticipation of a possible no-deal Brexit’s further negative effect on the sterling exchange rate
One Dubai-resident landlord already has a £14...
9 Oct at 6 PM 2018
Although it hasn’t had much in the way of press coverage, the decision to sell up and go home is being widely discussed within the British expat community across Europe.
The discussions concern the fluctuating exchange rate
, the uncertainty of the UK’s economy in the immediately post-Brexit future and the perceived value for money of UK property, as well as the likelihood of being able to survive in the UK on the measly state pension. At the present moment, the pound/euro exchange rate
is hovering around 1.138, a significant 20...
4 Oct at 6 PM 2018
A British expat retiree and his Thai wife have been arrested after being caught on camera stealing a mattress and cash.
Sidney Michael Edwards and his wife Phensakao Nasok were arrested in a Pattaya rooming house last week after being caught on CCTV whilst stealing 126,000 baht (£3,000) and a mattress from an adjacent rented room. The couple. from Thailand’s Mukdahan province. had been staying in a rented room in Pattaya next door to another room rented by a Briton who was on holiday in Cambodia at the time. When he returned to his...
14 Sep at 6 PM 2018
In a follow-up from recent news reports on millions being lost by expat investors in Portugal when a forex trading firm collapsed, details are now coming in about a similar scale of losses by expats living in Mallorca.
The sudden, suspicious collapse of PremierFX Ltd’s three offices in London, Portugal and Palma resulted in Britain’s Financial Conduct Authority’s forcing of the company into administration, leaving hundreds of expats unable to access their funds and completely in the dark as to what happens next. The sudden...
21 Aug at 6 PM 2018
As Brexit draws nearer with no agreement in sight, British expats in the EU are attempting to calculate the possible damage to their finances of a no-deal exit.
Reports of the effect of sterling’s slump against the euro have increased concern amongst Europe’s UK expat communities about the likelihood of a hard Brexit causing further damage to the home country’s currency’s exchange rate
. Nowadays, hundreds of thousands of British citizens are living in EU member states, with a majority of retirees living on their pensions. The...
20 Aug at 6 PM 2018
As sterling continues to struggle against the Brexit effect, UK expats in Thailand are feeling the pinch.
For the more adventurous amongst British retirees, Thailand has been a favoured destination for several decades due to its weather, low cost of living and, for some, the readily available choice of young, female companions. In the good old days, an exchange rate
of around 72 to the pound meant even a British state pensioner on the ungenerous £628 per month UK stipend could fund a comfortable lifestyle including housing and...