Expat Currency News

Latest 10 news items tagged Currency

22 May at 6 PM 2019

Thailand’s expat housing market hits the skids as unsold units multiply

Thailand’s glitzy capital now has a glut of unsold condo units. As the Thai economy begins to stutter and restrictions on mortgage lending kick in, property developers are being left with falling prices and just 55 per cent in take-up rates. Real estate agencies in the city as well as developers seem to have been caught unawares by a lack of buyers due to world instability and bad press as regards the Kingdom’s view of foreigners and expats in general. In addition, the Chinese investors who’ve contributed to the previous...
21 May at 6 PM 2019

UK expat retirees hit hard by sterling volatility

British expat retirees in Europe have lost 14 per cent of their pensions’ purchasing power since the Brexit referendum. A report from a technology service handling more than 6,000 regular monthly payments to UK pensioners living in EU member states has revealed British expat retirees’ costs of living have risen by 14 per cent due to currency volatility. In comparison, the rate of inflation in the UK over the same time period is seven per cent. In addition to sterling’s Brexit-induced instability, the USA’s trade war with China...
24 Apr at 6 PM 2019

Expats on reassignment need more community-based perks

As purse strings tighten in a good number of expatriate professional destinations worldwide, questions are being asked about the suitability of various relocation support programmes. As currency exchange rates and soaring inflation hit out at expats’ expenses in many popular destinations, questions are being asked about the need for certain aspects of relocation packages. One good example of the detrimental effects of rising costs of living on expats’ quality of life is Hong Kong, still one of the world’s favourites with...
15 Apr at 6 PM 2019

Planning your financial needs after expatriation

Managing money as an expat can be totally different than the same task back in the home country. More than ever before, emigration is now the goal of professionals looking to catapult their careers into the top echelon with financial benefits to match. In addition, digital nomads are indulging their dream of travelling the world, using their online expertise to pay the bills as they go. Even retirees are now choosing far-flung destinations with cheaper costs of living and far better weather than at home. All three expat categories...
11 Apr at 6 PM 2019

British expat pensioners in Europe need relief from sterling devaluation

One of the worst aspects of Brexit for British expats living in the EU is the devaluation of sterling. Expatriate Brits living on the measly UK state pension in European Union member states haven’t just had to deal with the fear and uncertainty of losing their chosen lifestyles due to Brexit, they’ve also had to scrimp even more due to the referendum’s effect on sterling’s value against the euro. Europe’s forcing Theresa May to accept a longer delay may cause a relief rally for the pound, but how long this will continue is...
9 Apr at 6 PM 2019

Spanish police bust drugs gang hiding their activities by using cryptocurrencies

Spanish national police have arrested seven members of a drug-trafficking gang using cryptocurrencies to hide their illegal activities. The investigation was sparked by a police discovery of a cannabis farm hidden in a house in Algeciras, one of three illegal cannabis plantations raided and destroyed, along with a stash of plants hidden in a Barcelona warehouse. In total, over 3,000 cannabis plants were found, as was documentation showing the gang had made use of fake companies to cover their operations. Five of the gang were arrested...
27 Mar at 6 PM 2019

Catch these cheap expat destinations before it’s too late

As the global expat community soars, it’s inevitable that costs of living will rise, even in the most economical destinations. Not everyone who leaves the home country for a future overseas has a generous salary plus perks or a gold-plated pension, with many of the world’s best-loved retirement destinations also some of the least expensive as regards costs of living and housing. It should be borne in mind that pensions paid in home country currency might be affected by the ups and downs of the currency exchange marketplace, but...
19 Mar at 6 PM 2019

Bangkok now expat hub for online professional poker players

In spite of the fact that gambling is mostly illegal in Thailand, Bangkok is now being celebrated as a world hub for online poker-playing professionals earning enough money to keep themselves in a manner other expats can’t quite manage. According to media reports, moving to Thailand in order to play poker for a living is the latest fad amongst the expat professional poker-playing community. US pro players choose Thailand due to the sad fact their own country only has three states in which playing for money online is legalised,...
1 Mar at 6 PM 2019

Current prospects for expat buy-to-let mortgages

If you’re an expat looking for a UK mortgage, you’ll now have extra choice but the process is more complicated than before. Buy-to-let investments are still favourites amongst the British expat community, with a wider choice of products now available and two new building societies on the list. Even so, available loan options are still restricted and the majority of applicants will need to go for a specialist landlord mortgage. New kids on the block Tipton and Coseley Building Society and the Cambridge Building Society are now...
25 Feb at 6 PM 2019

Planning expatriate retirement from a GCC country

When the time comes for retirement from your GCC/UAE job, deciding on exactly the right destination is the most important part of the planning process. Even although Bahrain was named in 2018 as the world’s best expatriate professional location, expats approaching retirement should carefully consider the wisdom of staying in the UAE. Global economic conditions as well as the shift away from expat employment to the local population are now beginning to affect companies’ employment packages, thus making the entire region less...