News
Cost of living spirals for expat Brits – survey
Expat Britons have seen an average annual inflation rise of about 8%, almost three times the UK rise of 2.7%, based on the consumer price index, according to a survey by the Post Office.
Two-fifths of the 730 people surveyed said living costs had risen by more than 10% in the last 12 months, while those living in Portugal and Greece reported a rise of up to 20%.
At the same time house prices have fallen and more than half of those surveyed said their property was now worth less than when they bought it.
The vast majority of expats living in Spain said the value of their home has seen a reduction in price in the last 12 months, with some believing it has dropped by more than 30%.
However, “one bright spot is that the expatriate inflation rate has actually fallen a little, from 11% in last year’s survey to the current 8%”, according to insurer Zurich.
Related Posts
Tag Box
There are 0 Comment(s)
Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?
Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...
Is now the time to fix your energy deal?
Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...
Everything you need to know about the pension triple lock
Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...
What will happen if rates change
How your finances will be impacted by a rise in interest rates.
Regular Savings Calculator
Small regular contributions can build up nicely over time.
Online Savings Calculator
Work out how your online savings can build over time.
The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts
A number of banks are luring in new student customers with cold hard cash this year – while others are compe...
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Money Tips of the Week
© AE3 Media Ltd, 21 Great Winchester Street, London EC2N 2JA, Company.