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Worldwide Expat News - Page 287 of 288

Keep up to date with the latest expat news from around the world.

Guru recommends Brazil for an expatriate

A property guru has suggested that Brazil is one of the best areas for anyone looking to become an expatriate to move to at the moment. Billionaire Sam Zell told the Real Estate in Emerging Markets Forum in New York recently that the South American country was a great place to buy property in comparison to other destinations. "If you look at all the facts, I don't think there is a better environment in all the world than Brazil," ... Read more

Expatriate employees increase

New figures show that the number of expatriates working overseas has doubled in the last five years. A survey conducted by Mercer found that the continuing trend towards globalisation has seen an increase in Brits on international assignments. Its report found that nearly half (47 per cent) of companies asked admitted that they had increased the deployment of 'traditional expatriates'. These are employees who have been sent on foreign assignments likely to last between one and five years. Meanwhile, 38 ... Read more

An expatriate ‘feels at home’ in Cape Verde

British people feel comfortable becoming an expatriate in Cape Verde because they recognise the culture of the country, according to a travel writer. Richard Trillo, co-author of the Rough Guide for West Africa, said that there is a large expatriate community in Cape Verde because British people have been buying lots of houses in Portugal and the West African country is seen as an extension. "[British people identify with the Portuguese culture] because they have been going to the Algarve since ... Read more

‘Panama is a great expatriate opportunity’

A property expert has suggested that buying a home in Panama would be an exciting opportunity for any potential expatriate. Liam Bailey, the chief market analyst for Property Abroad, said that the situation in the global property market is not as bad as it could have been so there are still plenty of chances for people to move abroad to become an expatriate. "There are still many opportunities to secure guaranteed rental yields of between six and ten per cent ... Read more

Bulgaria is ‘inadvisable for an expatriate’

People looking to move abroad and become an expatriate are being advised not to buy property in Bulgaria, according to Country Life.Holly Kirkwood has warned any potential expatriate that Bulgaria has become an increasingly risky place to buy property due to the effects of the global economic downturn. "The less informed may be left with their brand new buy-to-let holiday flats in Europe's 'latest ski destination' spiralling down in value and practically un-sellable," she said. "This is looking like a worrying ... Read more

An expatriate can ‘buy homes in Spain’

Anyone looking to move abroad to become an expatriate in Spain may be interested to know that there are plenty of properties available, according to the Spanish Property Owners Guild (SPOG).Paul Bradley, a spokesperson for the SPOG, said that currently there are a significant number of unsold houses on the Costas but he has advised any potential expatriate not to buy before the property market stabilises."There are over 600,000 unsold properties at the moment, I personally wouldn't buy any of them ... Read more

Credit crunch ‘bites’ expatriate pensions

Expatriate pensioners have seen their income decrease due to the current economic climate, according to a new study.Research by HiFX revealed that some expatriate pensioners living abroad in Europe have witnessed their incomes decrease by 20 per cent over the past two years due to the falling strength of the pound against the euro.Mark Bodega, director at the currency specialists, said: "In the current economic slowdown everyone is feeling the pinch. However Brits living in Europe and receiving a fixed income ... Read more

Brazil ‘is a popular destination’

There are many reasons for a person to move abroad and become an expatriate in Brazil, according to the Embassy of Brazil.Tom Falcao, general manager of the Brazilian tourist office in London, said that Brazil has a cheaper cost of living and the currency exchange rate favours people moving to the country from England."Due to the exchange rate the pound can go a long way," he said.Mr Falcao went on to say that it is very easy for a foreigner to ... Read more

‘Brits still want to escape to Spain’

British people still have a romantic notion of Spain and many are willing to move abroad and become an expatriate in the country, according to the Spanish Property Owners Guild (SPOG).Paul Bradley, a spokesperson for the SPOG, said that there are still hundreds of thousands of Brits who want to get away from a broken UK society and join the expatriate community in Spain."Spain is one of their favourite escape routes as it is so near, has a great climate and ... Read more

Turkey ‘will be a popular expatriate destination’ in 2009

An increasing number of people will become an expatriate in Turkey in 2009 as they will get more for their money during the global financial crisis, one foreign currency expert has claimed. According to Recep Yavuz, the general manager of Oger Tours, the effects of the credit crunch have led to the country attracting a large expatriate community looking for more value for their money. He stated that recent movements in exchange rates mean that Turkey will be relatively inexpensive, particularly ... Read more
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