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Cyprus In Search Of Settlement

With ongoing talks in Geneva between Greece and Turkey about the divided island of Cyprus, how should property investors view this otherwise idyllic Mediterranean location? The BBC reports that talks to resolve the disputed territory on Cyprus between the heads of the Greek and Turkish governments are ongoing. But at the time of writing no resoluti ...

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British Expats With Sterling Incomes Feel The Pinch

Greater economic uncertainty has contributed to the pound declining in value against the majority of major currencies in the past year, according to latest research from Lloyds Private Banking. Over the past 12 months, the pound has fallen in value – to varying degrees – against 56 of the 60 currencies analysed. This followed a good year for the pound in 2015 when sterling gained in value ag ...

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Best Destinations For A Career Abroad in 2017

Europe is rated the best destination for those looking to progress their career abroad and benefit from great working conditions. According to new data released from the latest Expat Explorer survey from HSBC, Switzerland, Germany, Sweden, Norway, Austria and the UK are among the top ten countries for a successful expat career. For the second year in a row, Switzerland is ranked the best all-round ...

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Do New Buy-To-Let Rules Affect UK Expat Buyers?

Rules on UK lending introduced by the UK’s Prudential Regulation Authority limit the amount expat buy-to-let property investors and landlords can borrow on new mortgages. The new rules are designed to slow the demand for UK buy-to-let investment by demanding buyers raise larger deposits. Lenders will have to test affordability using notional interest rates of 5.5%, ensuring rental coverage of up t ...

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Most Expat Buy-To-Let Loans In South East UK

A majority of UK expat buy-to-let mortgages are concentrated in greater London and the South East, according to new figures. Figures from lender Skipton International show up to 40% of expat mortgage customers are investing in buy-to-let property in Greater London, with another 25% in the South East of England. Just 10% of British expats purchasing property to rent out are investing in either the ...

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Top Savings Rates For Expats – January

Many expats can benefit from using offshore bank savings accounts. They are useful for working in different currencies and for gathering interest without deduction of taxes.   By Iain Yule See the article ‘British Expats – Do You Need An Offshore Bank Account?’.   The best current offering for sterling offshore savers is Standard Bank’s 1.4%, if you have £10,000 and can give 196 days’ notice ...

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Is Brexit An Expat Pensions Bonus?

With Brexit uncertainty and a range of options available, pensions can be a source of concern and confusion. For expats, however, there are opportunities on offer. Pensions are complex, yet often the cornerstone of a comfortable retirement. Today, with Brexit looming and more options than ever for what you can do with your funds, it is difficult to establish the best approach – there is no ‘one si ...

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Are There Pay Rises To Come In 2017?

According to company predictions from around the globe, nominal wages will rise 5 per cent on average in 2017, slightly up on 2016’s 4.8 per cent average. In terms of real salary increases, the global average is forecasted to be 1.5 per cent, which is slightly down on 2016’s average of 1.6 per cent. Companies in Argentina are forecasting the highest rises – 27 per cent pay upgrades for staff ...

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Sponsored: Low-Cost Currency Transfers

Since 2009, CurrencyFair has been providing low-cost currency transfers, saving their customers up to 88% of the total cost involved, in a market which sees around $5 trillion transferred every single day. Having transferred over €4 billion to date, CurrencyFair is well positioned to increase consumers’ awareness of traditional banking practices (and fees!) in this area. Like all great ideas, nece ...

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Free – Your Guide to Living In Spain!

Expat Network has produced a new guide especially for those who are thinking of relocating to Spain. Your Guide To Living In Spain focuses on the issues you will need to address as you plan your move to Spain.   Download, free of charge, here… It’s a country rich in heritage with beautiful scenery, bustling cities, wild coastlines and sunny island outposts. Make the transition work bett ...

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