Is It Time For Expats to Invest Their Savings?
Saving is very much linked to investment. By not using income to buy consumer goods and services, it is possible for assets to instead be invested by being used to produce fixed capital, such as factories and machinery. Saving can therefore be essential to increase the amount of fixed capital existing, which contributes to economic growth. With a greater chance to save more money abroad due to higher pay, expats may be more interested in learning their options for investing than the general population.
“Savers may need to change their attitude to risk if they are to do anything but lose money, writes Charlotte Beugge.
Inflation is running rampant, with the Consumer Prices Index rising to 3.7 per cent and the Retail Prices Index at 4.8 per cent in December.
And, with January’s increase in VAT the upward trend could continue…
If you have no debts, think about investing. But you should never put your money into shares unless you are aware of the risks involved and do take good independent advice.
However, while saving money in an account is low risk, it isn’t risk free. There are now compensation schemes in place to protect your money in the event of financial failure - but nothing to stop the risk of inflation gnawing away at your money.”
Read More Telegraph
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Pricey Penthouse for 5.31 Million Yen
After the Lehman Collapse two years ago that resulted to worldwide economic downturn, the global property market is starting to get back on its feet - slowly.
But in Japan, a whopping 5.31 million yen a month posh condominium will be open for lease by the Sumitomo Realty & Development Co., targeting expats. But it seems expats are not too keen in to fork out over 5 million yen a month on rent.
“The 5.31 million yen penthouse is 5,380 square feet, with one master bedroom, but two living rooms, two kitchens and two dining rooms. Amenities include a 24-hour gym, an English-speaking concierge and a shuttle bus for sending kids to international schools. And it also boasts top-notch security: more than 70 security cameras are in use at any given time around the development.
Currently, Sumitomo Realty says that there have been applications for 30% of the building’s apartments -– it aims to boost this to 90% in coming months. The developer says it is targeting business owners and expatriates. But the irony is that the 5.31 million yen a month condo is set to be rented out by a Japanese customer.”
Read More From The Wall Street Journal
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Brazil Beckons
Brazil may be endowed with breathtaking beautiful beaches and bountiful resources, but this South American gem is now making waves as the next boom town.
The country is recently experiencing great economic progress, with the surge in the Brazilian property market in areas such as Natal, Rio Grande Do Norte Estate; Salvador, Baha Estate; Santos Sao Paolo Estate; Trancoso, Bahia State; and Angra Dos Reis, Rio De Janeiro State.
Brazil will also take center stage hosting the two most anticipated world sports events —2014 World Cup and the 2016 Olympic Games, which will put Brazil back again in the radar of expats and travelers.
“Brazil is a massive resource-rich country, with the fastest growing economy in the world. It has been designated by Goldman Sachs as a future economic powerhouse - along with Russia, India and China.”
Read More From Telegraph UK
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China’s property prices continue to soar
With unprecedented economic growth, China has become a force to reckon with in the global market. However, as its property prices soar high, so goes the growing concern of an economic bubble burst. “Prices for residential and commercial property rose 11.7pc in 70 cities across China in March, figures from the National Bureau of Statistics showed on Wednesday. ‘The data is bad news,’ Dariusz Kowalczyk, chief investment strategist at SJS Markets in Hong Kong, told Bloomberg. ‘This means that monthly price gains are accelerating again after slowing to a four-month low of 0.9pc in February. Expect further policies to slow the real estate market.”
Read more from telegraph.co.uk
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