Archived posts for June 2009

The UK buy-to-let market is beginning to show signs of growth, meaning investors may be better off looking abroad for bargains.

According to the latest figures from Young Group's Young Index, there has been a rise in interest in buy-to-let properties in recent months, meaning the market could soon see prices escalating once again.

The People's Bank of China has called on the International Monetary Fund (IMF) to manage more of member countries' foreign exchange reserves in a bid to reduce the uncertainty of recent months.

In the wake of the global recession, caused by the banking crisis of October 2008, the foreign exchange market has been full of instability and as a result the Chinese financial authorities are eager to see the IMF take a more prominent role in future in an effort to give investors more confidence.

Spain is proving a favourite place for British property investors even though the market is unlikely to see growth for some years, it has been reported.

There have been plenty of international payments to Spain from people in the UK over recent months despite the global recession, according to Primelocation.com.

People planning an international money transfer to Turkey could be onto a winner, it has been suggested.

The Turkish property market is doing well despite the economic downturn and experts have claimed that the fact the country's legal tender is not the euro means it is proving a popular place for international payments from British investors at the current time.

People concerned about the recent volatility in the foreign exchange market may be relieved to hear that experts are expecting to see the US dollar begin to stabilise after months of turbulence.

The global financial crisis which began back in October last year has led to significant volatility on foreign exchange markets as countries have struggled to cope with the problems and have entered into recession.

People planning an international payment should ensure they have a safety net in place in the form of insurance and a route back home should things go wrong for them, it has been claimed.

According to Shelter Offshore, one of the most important things for a person preparing to emigrate and make an international money transfer to a foreign country is to ensure they have money saved away in the event of problems occurring.

People planning an international payment may not think so, but it has been claimed that falls in the value of the pound will help the UK economy in the long-term.

Spencer Dale, the Bank of England's chief economist, has argued that the decision to print more money to pump more liquidity into the market is having a positive impact on the economy and will continue to stimulate growth in lending and business development over the coming months.

Foreign exchange transactions may increase in Turkey as UK emigrants relocate to the country, industry experts suggest.

Property resource Quest Magazine, recently highlighted figures compiled by the Turkish Statistical Institute that indicate expats are setting up their homes in the region in greater numbers.

UK emigrants who adopt greener lifestyles could reduce the amount of foreign exchange transactions made in order to fund their living costs, according to a leading newspaper.

The Telegraph recently highlighted the efforts of a British couple living in Spain to weather the recession.

People planning to make an international money transfer to Australia may want to discover the outcome of an ongoing legal battle involving a group of expats in the country.

The mainly British expats are trying to win permanent resident status in Australia in a move that would save them hundreds of pounds every year in health insurance premiums, the Daily Telegraph reports.

People planning to make an international money transfer to a foreign country should ensure they receive expert financial advice first, it has been claimed.

Expatriate website Shelter Offshore has pointed out that people need to be aware of a variety of financial issues that are distinct to people making an international payment and therefore seeking out professionals to help with the move is vital.

British investors who have made money transfers to mortgages in France may be eligible for exemption from some taxes, it has emerged.

The country's Welfare Tax sees those residing in the region liable to pay levies if they own more than 790,000 euros (£664,786) in worldwide assets.

A new report is urging more people to make an international payment to Canada and emigrate to the country for study purposes.

According to Best Syndication, emigrating to Canada to study can offer a number of significant advantages, reports the Canadian Visa Bureau.

Britons who have made money transfers to overseas investments may be better protected from future recessions thanks to European Commission reforms.

EC chief Jose Manuel Barroso recently revealed that plans that seek to regulate the financial sector via three European-wide bodies are likely to be supported by member states.

Britons considering emigrating to a foreign country are being called on to check out local customs and learn about the country's laws before making an international money transfer.

Abta - The Travel Association is urging people who may be planning an international payment or are simply heading off for some time in the sun to ensure they are fully aware of local customs before making the move, so that they will not fall foul of the law.

Wills ought to be put in place before Brits move abroad, according to industry experts.

Financial advisor Shelter Offshore recently urged potential expats who are planning to transfer money to overseas investments to get their financial matters in order.

New Zealand is becoming an increasingly popular place for Britons looking to make an international money transfer and emigrate to another country.

According to new research, a growing number of Britons are choosing to make an international payment to New Zealand and set up home in the country because of the wide variety of opportunities it can offer people.

A new product is providing expats looking to make money transfers to health insurance policies with more choice, it has emerged.

Insurance specialist IMG Europe recently launched policies that are aimed at UK emigrants living in Mediterranean countries.

International money transfers are becoming increasingly common as more people head overseas to find employment.

A growing number of Britons are choosing to emigrate to other parts of the world as the number of job opportunities in the UK continues to dwindle during the recession.

Turkey has been highlighted as an up-and-coming destination for British investors looking to make international money transfers.

Property firm Atlas International recently revealed that the country is becoming more popular with potential expats.

The Canadian market is well-placed for property investment and could benefit from the beginning of a global economic recovery, it has been claimed.

As a growing number of bodies begin to suggest the worst of the recession could be over in many countries around the world, it has been claimed that Canada's property market will benefit as more people make international money transfers and invest in the country's buildings.

Brits using foreign exchange services to fund their lives abroad may be enjoying the benefits of a strengthening pound, it has emerged.

Last week figures showed that sterling increased by three per cent, meaning expats are more likely to find favourable exchange rates.

There is still no realistic alternative to the dollar as the world's foreign exchange reserve currency, it has been claimed.

Despite the volatility of the global currency market in recent months, suggestions that other currencies could replace the dollar as the world's foreign exchange reserve currency are wide of the mark, said Michael Woolfolk, a senior currency strategist at The Bank of New York-Mellon.

Brits are likely to continue making foreign exchanges transactions in Spain as they see the country as a "home from home", according to industry experts.

The Spanish Tourist Office recently revealed it plans to capitalise on the region's current popularity with UK visitors.

Investment in countries bordering the Baltic Sea may make the region more attractive to UK emigrants who are looking to transfer money overseas.

The European Commission (EC) recently revealed plans to strengthen transport links to some of the countries in the region.

The economic downturn has hit the international money transfer market, but the sector is in a good position to bounce back, it has been claimed.

According to the Mobile Money Transfer report 2009, carried out by Companies and Markets, international money transfers as a form of liquidity are expected to remain resilient over the rest of this year.

New statistics have suggested that more people are making an international money transfer in a bid to find employment overseas.

According to the Times, figures from the Office for National Statistics (ONS) are likely to show a surge in people emigrating from the UK over the past year, many making money transfers abroad where they have been able to find work.

Dubai is still proving a popular location for UK expats despite reports of redundancies in the area, it has emerged.

Investment bank Arqaam Capital recently revealed that Britons are still choosing to make international money transfers to the region.

Falling interest rates may lead to UK emigrants to make international money transfers in order to purchase shares, it has emerged.

Speaking to the Independent, Linda McBain, head of banking at Investec Private Bank, recently highlighted how expats who rely on their savings may be affected by the global recession.

Now is the ideal time for off-plan property investment, it has been claimed.

According to Write About Property, while the property market has seen a slump in demand during the global recession, there remains plenty of interest in off-plan properties and as such those who are able to make an online money transfer now should consider doing so to bag themselves a bargain.

Indian officials are optimistic that foreign exchange transactions are set to increase in the country, it has emerged.

Figures from the government recently revealed that the decline in visitor numbers due to the economic slowdown is easing.

New Zealand may see an influx of UK citizens transferring money to the country in order to make it their new home, new research indicates.

The Economist Intelligence Unit and the Institute for Economics and Peace recently teamed up to discover some of the most peaceful nations in the world.

Foreign exchange transactions are set to increase in several international locations favoured by expats, according to industry experts.

A study commissioned by Propertyindex.com looked at the number of Brits buying investments in eight countries and concluded that bargains could still be picked up amid the economic downturn.

UK investors seeking to transfer money to their overseas investments may soon benefit from a European Commission (EC) scheme.

Officials from the EC recently proposed setting up a new initiative that sees funds being loaned to small business entrepreneurs.

Brits are set to increase their number of international money transfers to Dubai, according to industry experts.

Mike Bridge, organiser of the Worldwide Property Show, recently stated his belief that the region would experience an increase in investment from expats.

Buying investments in Cape Verde has become more streamlined thanks to a new system, it has emerged.

The country's government recently implemented an online facility that allows people to fill-in important documentation on computers, property website Homesgofast.com reports.

The number of people using foreign exchange services to convert their euros to sterling has soared, according to industry experts.

Robin McEwen, finance commentator, recently revealed that sales of the euro have seen a dramatic increase since the pound strengthened last week.

Those working in the creative sectors may find that they perform better at work if they live abroad.

Financial advisor Shelter Offshore recently highlighted research that suggests UK citizens who transfer money to relocate overseas could become better at their jobs.

Cyprus has been pinpointed as an ideal location to make money transfers to pensions and mortgages.

Pafilia Property Developers recently explained that expats moving to the island may benefit from its favourable tax systems.

Demetris Prodromou, UK & Ireland area manager for the company, revealed that emigrants planning on making international money transfers to mortgages may be allowed to borrow up to 80 per cent of the value of their new home.

Potential expats may like to consider France as a possible new home following a poll.

Research by TheFrenchPaper reveals that former UK residents highly rate the country on many sectors.

Some 92 per cent of Britons who transferred money to mortgages in France claim they enjoy a better quality of life than they did while living in the UK.

The US property market has seen an increase in the number of expats making money transfers to mortgages for distressed properties, according to industry experts.

Rightmove.co.uk recently explained that UK emigrants were taking advantage of the fall in house prices overseas.

Brits paying international health insurance premiums have been warned to check the small-print of their policies.

Insurance company Health Care Matters, recently raised fears that UK emigrants living in poorer countries may have less access to medical care during an outbreak of swine flu, the Telegraph reports.