Credit Crunch Hits Expat Pensions
April 15th, 2008 - Chris MarshallThe ‘credit crunch’ that many expats thought they had escaped when they left the UK for a life of retirement in Spain seems to be slowly eroding the quality of life for many. Prices have in effect soared by 17.6 per cent over the past 12 months, as the pound’s value has slid steadily against the euro. Last week, the exchange rate dipped to 1.25€ to the pound for the first time, compared with 1.60€ not so long ago.
Now of course this is hitting everybody, but as many of the estimated million British expatriates living in the eurozone are pensioners on a fixed income, life has got a lot harder. For example a Mediterranean lifestyle that took about €100 a day to maintain would cost almost £4,500 more per year.
Last week when I was in the UK every company I talked to mentioned the R (recession) word, and even here in affluent Dubai things seem less buoyant than on previous trips.
How is the ‘credit crunch’ effecting you?
Expat pensioners feel the pinch as pound falls
About Almerimar
Almerimar is located in the region of Andalucia, Spain. The nearest airport is 30km away in Almeria. Other airports that are within 3 hours include Malaga, Murcia, Granada, and Alicanti. Other holiday resorts in the region include Mojacar , Aguadulce and Roquetas de Mar
Almerimar is a great place to live as an expat amongst the expats, or to work amongst the Spanish. There are all kinds of properties including villas, apartments and town houses for rent or sale. It is a very traditional part of Spain, with traditional Spanish foods so if you plan to travel to Spain either to look for jobs, for your company to trade with companies in Spain, or to learn Spanish and enjoy the Spanish weather then come and take a look.
If you are interested in purchasing a property in Almerimar please visit our sponsors Mirror of the Sun or Mediterraspain. If you have purchased a property and need it furnished please check out our Sponsors DBJ who will give you a Exclusive 5% discount with the code AL2008.
If you want to learn Spanish, get help with anything to do with the legal issues in Spain, or want WiFi access in the marina please check out our sponsor CentrePoint who will give you a 10% discount off all services with the code AL2008.
If you want an amazing activity based day out in the mountains and to learn how to ride a motorcycle off road then check out our sponsor The Long Way Round and get 5% off with the code AL2008.
Almerimar is also one of the largest marinas in Spain with over 2,000 births and excellent boatyard facilities.
