Expat Currency News

Latest 10 news items tagged Currency

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...
20 Feb at 6 PM 2019

Upscale London property now a magnet for international investors

Foreigners and expats are queuing to buy luxury London properties, helped along by innovative mortgage products. According to a report from an upscale London-based real estate agency, over 50 per cent of the prime properties sold between July and December last year were snapped up by overseas-based buyers. Foreign investors are taking full advantage of the weakened pound sterling, keeping business booming for high-end realtors. In real terms, a luxury home costing one million sterling in 2016 now costs £124,000 less due to currency...
19 Feb at 6 PM 2019

Second passport investment scams set to lose applicants their passports and cash

The must-have accessory for mega-wealthy expats in the UAE is now a second passport, but recent purchasers may now lose their investments as well as their passport privileges. The numbers of millionaire expats in the UAE applying for a second passport have increased by 30 per cent over the past year or so, with between hundreds of thousands to millions of dirhams the going prices for the privilege of worldwide visa free travel, citizenship and trouble-free residency in the issuing country. However, recent applicants are keeping their...
15 Feb at 6 PM 2019

What next for Spain’s expat real estate market?

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...
31 Jan at 6 PM 2019

Hints on helpful websites for new expat arrivals in France

Becoming an expat is a challenge, especially as regards the twin hurdles of bureaucracy and total confusion as regards getting everything sorted. France has always been a favourite destination for British expats, drawn by the culture, the cuisine, the clement weather and the laid-back lifestyle, all of which combine to confuse brand new arrivals however tempting they may sound. Fortunately, especially when dealing with French bureaucracy, the internet is every newly-arrived expat’s best friend with its literally hundreds of online...
17 Jan at 6 PM 2019

Brit expats in Spain optimistic for second referendum

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...
10 Jan at 6 PM 2019

EU states queuing to ensure rights to remain for UK expat residents

Following on advice given by the European Commission to its member states, expats in a number of EU countries are now being assured of their rights to stay. The EC’s call for generosity towards British expatriates living, working and retiring in Europe in the case of a no-deal Brexit is being heeded by an increasing number of EU member states, allowing the vast majority of expats to sleep better at night. The irony surrounding the EC’s welcome intervention is that the Commission seems to care more about expat Britons’ welfare...
9 Jan at 6 PM 2019

UK expat pensioners in Europe still threatened by loss of pension uprate

UK expats in EU member countries are to have their state pensions uprated – but only for a year. Along with all the other negative effects of the Brexit disaster on British expatriates living in the EU, the continuing of the guaranteed annual inflation-proofing increase has been a serious cause for concern, especially for the newly-retired. The uprate is triggered by the higher of two indicators – wage growth and the rate of inflation. Should both be lower than 2.5 per cent, the same percentage uprate is guaranteed. ...