'Brits moving abroad should get their finances in order'
17/06/09 16:23
Brits considering a move to an expatriate life should first get their finances in good order as the change can be costly, says financial adviser Shelter Offshore.
The firm notes many expatriates quickly find themselves in debt, something that it says they can avoid with a little forethought.
Expatriates should begin saving as soon as they arrive in their new country, the company advises.
Even if you are taking some debt with you "the sensible advice is to clear your debt before you do anything else", it recommends.
Britons moving to Spain could secure themselves a deal on property, as recently prices have fallen heavily, according to a new assessment.
Property sales fell 47 per cent in April and prices are set to drop a further ten per cent in the next year, says Spanish bank BBVA.
Mark Pawlak
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