Money is generally a lot harder to come by and the pound has slipped against both the Euro and the Dollar in the last 12 months so we are now faced with a limited amount of options. For people that want to get away from the UK and soak up some diverse traditions and different cultures I think a good starting point is South East Asia. At the moment Air Asia have some excellent prices on flying from London to Malaysia and once you’ve reached Malaysia you have a gateway to the rest of Asia for the price of a train fair. The price of living is very cheap and there are plenty of places to see and visit.
Archive for September 30th, 2009
The rollercoaster ride of Sterling over the last 12 months has hugely affected the foreign property market with a lot of Mortgages in Sterling and not Euro’s and people finding it difficult to get new loans.
It is also effecting the retiring population who bought property in Spain but still living off of the Pension paid in Sterling. This is not predicted to get better any time soon with the national debt to remain high for the foreseeable future.
That is not to say that there an not deals still to be had, but now people with their main source of income being in Sterling will have to look further than the EuroZone.