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Latest 10 news items tagged Exchange Rates
16 Jul at 6 PM 2020
British expat retirees urged to ignore financial sharks
British expats across the world are being urged by sharks to shore up their finances before Brexit finally hits. Given that mitigating the financial aspects of Britain’s looming divorce from the rest of Europe is dependent on the final outcome, taking action now might well make things worse should a no-deal drop off the cliff become the final outcome of four years’ wrangling. The Brexit trade discussions don’t seem to be going well, and the vast majority of expat concerns about their post-Brexit financial health are concentrated...
6 Jul at 6 PM 2020
Brit would-be expats urged to tread carefully on property purchase
European properties are now in high demand by British buyers hoping to become expats before Brexit hits the already damaged UK economy. According to online property agents, searches for both remote, waterfront and beachfront properties have soared since the UK’s coronavirus shutdown, focusing mainly on Greece, Italy, France, Spain and Portugal. Unsurprisingly, Spain is the most popular destination, with over a million hits on favourite website Rightmove. Inquiries totalled 49 per cent over last year’s totals and are now at...
24 Apr at 6 PM 2020
Brit expats in Andalusia concerned over plans to reopen beaches
The popular Spanish beachside hotspot of Andalusia is planning to open its 1,000 kms of beaches in time for the summer season, but with restrictions imposed. In a desperate attempt to claw back some of the damage to its tourism revenue by the pandemic, Andalusia’s government is planning to re-open its swathe of beaches during July and August. The region is popular with British expat retirees, many of whom are now concerned the move may reignite a surge in pandemic victims, even although strict social distancing rules will apply....
28 Feb at 6 PM 2020
Potential British expats queuing to purchase overseas property before it’s too late
Although Brexit is now as close as is possible to a done deal, would-be British expatriates are rushing to purchase property in Europe before the door finally closes. In spite of the continuing risk of a no-deal exit at the end of this year and the uncertainty of future rights, Brits are rushing to buy bolt holes in mainland European Union member states. Unsteady or unfavourable exchange rates notwithstanding, the importance of getting out from under a disaster in the making is causing an unexpected exodus. European realtors and...
25 Feb at 6 PM 2020
Will post-Brexit Anglo-Chinese relationships affect Brit expats?
How are British expats in China reacting to the possible consequences of Brexit? The UK’s post-Brexit relations with China aren’t just a matter for governments as the future of British expats in China may hang on the success of negotiations. At the present time, most UK citizens living and working in the massive country seem more concerned over the various risks to their futures from the coronavirus epidemic than on the remote possibility of Brexit’s wrecking of their lifestyles in their chosen location. When asked how they...
31 Jan at 6 PM 2020
Does Brexit mean an expat buy-to-let free for all?
Will Brexit lead to even cheaper buy-to-let bargains for expats? British estate agents specialising in buy-to-let properties in the UK believe Brexit will lead to cheaper house prices and more expat investment opportunities. Now that Brexit is finally a reality, this year’s negotiations may exacerbate Britain’s already stalling property price growth. According to realtors specialising in investor buy-to-let homes, growth at present is just 1.3 per cent with the exception of Edinburgh and Manchester, having fallen from its rate of...
20 Dec at 6 PM 2019
Expat landlords to be hit by new law changes
Should expat landlords be worried about the Johnson government’s new policies concerning the landlord/tenant relationship? Given that the Conservative Party’s victory in the UK’s general election has seen a small recovery in the sterling exchange rate as well as surging share prices, have expat buy-to-let landlords any cause for concern over new tenancy laws? Together with recent changes in policy, it’s quite possible new laws strengthening tenants’ rights are on their way as well as rules concerning the standard of rental...
10 Dec at 6 PM 2019
Brit expats in Shanghai hold debate over election and Brexit
A debate held by a group of British expatriates living and working in Shanghai reinforced the strength of feeling held by UK citizens overseas. Brexit is still of critical importance to British expats in China, even although they’re many thousands of miles away from home. Last Sunday’s debate in Shanghai was dominated by this week’s election and its possible effect should Johnson remain as Prime Minister and Brexit become a reality. The debate took place at one of British expats’ favourite bars, with five speakers...
7 Dec at 6 PM 2019
Expat parents overseas saving money on UK private education due to sterling fall
Whilst British expat retirees on state pensions are struggling to deal with the drop in purchasing power caused by the plunging pound, expat parents with generous salaries in dollars or yen can buy cut-price British private education. British private boarding schools are regarded as the world class gold standard for education, as are the top British universities, with parents all over the world competing for places. Given that sterling is now at a 34-year low, expat and overseas parents are now able to afford to send their kids to the...
6 Dec at 6 PM 2019
