prospects - Expat Network

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Portugal Property Market Set For Strong Growth

The prospects for the Portugal property market in 2019 after a strong 2018 look encouraging. This is despite the reduction in investment from British buyers. In 2008 60% of buyers on the Algarve originated from the UK and Ireland according to Knight Frank. Demand from Britain has been in slight decline with the uncertainties over...

Young People Going Expat For Better Job Prospects

There has been an upsurge in younger professionals moving abroad. Research has found that there has been a large increase in moving enquiries made by millennials – 18 to 35-year-old young professionals – of around 60%. This suggests that the will to live abroad and experience different cultures is ever growing among young people. A...

Nordic Countries Head List of Job Hotspots

Norway, Sweden and Denmark are easiest places for workers to relocate, while UAE offers best growth potential for businesses Nordic countries aim to win the race for global talent by offering the easiest environments for relocation, according to research by professional services consultancy Procorre. But UAE offers the best growth prospects for the businesses...

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.