Expat Money News

Latest 10 news items tagged Money

6 Dec at 6 PM 2018

Is medical tourism worth the hassle for expats?

Given that private healthcare almost anywhere is far cheaper than in the USA and often a deal cheaper than in the UK’s failing NHS, is it really worth shopping around for necessary operations? In the USA, commonly-performed operations such as knee transplants cost between $35,000 and $50,000, with the UK equivalent costing from around £12,000 to £15,000, still a hefty charge for pensioners and those earning basic wages. Websites offering medical tourism at a far lower price are tempting, but often the hype doesn’t match the...
6 Dec at 6 PM 2018

Multiple Golden Visas now essential for the ultra-wealthy

Is global citizenship now a must-have for wealthy expatriates? Paying anything from a reasonable amount to a small fortune for a second passport, residency and citizenship in a country you’ve never even visited now seems to be the must-have accessory for expats as well as wealthy nationals of slightly politically unstable world countries. So much so that multiple Golden Visa passports are more desirable than just one as they brand the owner as worldly, interconnected and a contact to be cherished by those less fortunate. Practically...
1 Dec at 6 PM 2018

Brits expats still investing in buy-to-let

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...
1 Dec at 6 PM 2018

Is Hong Kong’s Discovery Bay about to be wrecked by developers?

Discovery Bay’s tranquil Hong Kong beachside suburb set on Lantau Island gives a welcome release from city life for its mostly expat community, but is now under threat by developers. Low rise properties sit in this mountainous, green island suburb of chaotic Hong Kong are favoured by expat professionals as well as locals as an escape from life in the overcrowded city. Discovery Bay’s marina has been traditionally home to a community of 200 boat-dwellers, until a recent order evicted them to allow so-called renovations to take...
29 Nov at 6 PM 2018

Expat investors shunning Saudi Arabia following Khashoggi murder

Expat as well as Arab investors are shunning Saudi Arabia after the Khashoggi murder and its world-wide condemnation Foreign investment in Saudi Arabia is lagging due to the worldwide backlash against the Khashoggi murder. The last thing wealthy investors need is a worldwide scandal suggesting it’s not just the top echelon which isn’t playing it straight but also businesses in which they’re planning to invest. General opinion now accepts that instructions as regards Khashoggi’s murder came from the all-powerful Crown Prince...
28 Nov at 6 PM 2018

To stay or go – the expat dilemma in Spain

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...
27 Nov at 6 PM 2018

UAE long-stay expats to get defined contribution pensions

The UAE’s end of service benefit is a useful and welcome lump-sum bonus for expats who’ve worked in the emirates for a while, but is it enough? Expats in the UAE are entitled to this gratuity once they’ve worked for a company for one year, and those working in the same job for more than five years receive an amount increased to 21 days’ pay based on the final salary. Thus, the amount received depends on the actual duration of employment. In contrast, emirati employees leaving their jobs are paid in a different manner as...
19 Nov at 6 PM 2018

Cuenca offers UK expat retirees everything at great prices

As popular European destinations become more expensive and less accessible due to Brexit, UK retirees are being urged to consider crossing the Atlantic and heading south! Whether it’s Brexit, diminished savings due to the financial crash or poorly-advised investments, an increasing number of British retirees are fearful their monthly pensions won’t cover their expenses in the UK or in Europe, especially should private healthcare insurance become mandatory. Dream retirements after a lifetime of work definitely shouldn’t include...
19 Nov at 9 AM 2018

House-hunting advice for UK expat returnees

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...
15 Nov at 6 PM 2018

EU promises Brits visa-free travel after no-deal

The European Commission has now promised visa-free entry to Britons wishing to take short trips to the EU after a no-deal Brexit. The offer, which must still gain agreement from the EU parliament and the EU Council, would allow British citizens to visit France, Spain or any other countries in the Schengen zone and stay for up to 90 days in any 180-day period without needing a visa. Several stages are involved in allowing a new EU law, but it’s expected the offer will pass. Should Brexit end with a no-deal exit, the new law would...