British expats report steep rise in the cost of living
Of the 900 expats who were interviewed for the survey half said that their expenditure had gone up by 10 per cent and two out of every five said they thought expenditure was 20 per cent higher than it was last year.
Three-quarters of the respondents said that the value of their home had either remained static since a year ago or actually gone down. Many expats admitted to being concerned about the future and said that they were going to have to start making cutbacks to survive.
The high cost of living is badly hitting people who have chosen to make their home in Cyprus, Spain and Portugal. Two out of every five respondents living in Spain said that the cost of eating out had risen by 15 per cent compared to a year ago.
Around a third of those who have a home in Cyprus said prices had risen by 20 per cent. One in five said the value of their property had fallen. Two fifths of those living on Portugal said that since last year their living expenses had increased by 20 per cent.
Related Stories:
- Expats find peace in the covid-19 refuge of Dahab town - July 20, 2020
- Expats in Malaysia still banned from overseas travel - July 17, 2020
- Asian tiger economies reach out to expats in Hong Kong - July 16, 2020
- China hits its expats with 45 per cent tax on overseas earnings - July 15, 2020
- Foreigners and expats condemn Thailand attractions dual pricing - July 14, 2020
- Expats in Denmark get career enhancement and great work/life balance - July 13, 2020
Latest News:
- Tips on a trouble-free relocation as an expat overseas - July 20, 2020
- Expats find peace in the covid-19 refuge of Dahab town - July 20, 2020
- Is Kuwaitization the unintended result of the oil price crash? - July 20, 2020
- Expats unhappy abut changes to Korean points-based visa system - July 17, 2020
- Chiang Mai and Bangkok no longer bargain locations for expats - July 17, 2020
- Expats in Malaysia still banned from overseas travel - July 17, 2020
- Vietnam welcomes expats to its safe, affordable lifestyle - July 16, 2020
- Asian tiger economies reach out to expats in Hong Kong - July 16, 2020
- HSBC Asia to cut back on internal expat relocations - July 16, 2020
- Tips on integrating for newly-arrived expats - July 15, 2020