Expat Exchange Rates News

Latest 10 news items tagged Exchange Rates

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...
31 Dec at 6 PM 2018

Expats in UK living more cheaply due to Brexit

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

Expats in UAE taking advantage of sterling falls

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

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...
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...
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...
12 Nov at 6 PM 2018

QROPS dilemma for UK expat retiree pensioners

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

London property still hot for Middle East expat investors

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

Britons in Europe considering returning to the UK

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

Brit pensioner and Thai wife steal cash and mattress from neighbour

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...