You are here: Shelter Offshore Home Page
Monday, October 13th, 2008
You are here: Shelter Offshore Home Page
Monday, October 13th, 2008
Like many of you, we’re sick and tired of the media’s microanalysis of the gloomy state and fate of the global economy. It does nothing more than depress and confuse, with most news channels and newspapers only ever picking up on part of the story anyway. So, we’re not going to add to this news over exposure with this article.
However, it is very important that we take the time out to explain how and why many offshore bank accounts are unprotected or under-protected, so that if you believe you’re affected you can take advice and take action to secure your savings.
The offshore bank accounts we’re going to be discussing are those in what are considered some of the safest, well-regulated havens – namely Jersey, Guernsey and the Isle of Man.
From the 1st of January 2006, the E111 form went out of service and was replaced by the EHIC – or European Health Insurance Card. This card covers certain people for certain healthcare benefits in certain countries, but is by no means a replacement for health insurance!
In this article we’ll look at healthcare abroad for travellers and expatriates, as well as your European Health Insurance Card and who’s eligible for it and what it covers.
A recent story in the British and Irish press highlighted the fact that many people don’t actually know the extent to which the card will cover health costs, and so we felt it was imperative to clear up any misunderstandings.
Because there has been a serious downturn in the amount of construction being done in Ireland, it is estimated that by the end of next year around 65,400 construction workers could lose their jobs. As a result of this fact and due to rising unemployment in Ireland already, the Irish state training agency has begun suggesting that those in the construction industry actively think about going abroad to find work.
The likelihood is that a similar situation will arise in the UK, with many homebuilders already downscaling their plans for the near term. As fewer buyers come to the market and there is ultimately less demand for property in the UK – as is the case in Ireland already – it seems probable that greater numbers of construction workers will find themselves out of a job for at least the short-term.
If you’re in the building industry and you’re concerned about your financial and employment future, in this article we’ll look at how you can begin preparing for a construction job abroad if you do ultimately decide to expatriate – even temporarily – to find a job.
We cannot say that we are at all surprised by the latest findings from AXA and HSBC relating to expatriate trends. AXA has predicted a rise in the numbers of us leaving UK in search of a better, more affordable life abroad, whilst HSBC has revealed that apparently UK is considered one of the worst places in the world for expats from other nations to raise their children.
The facts, statistics and opinions really do speak for themselves, and we shall analyse them in depth in a moment; but in the meantime we thought we would raise the main issue that perhaps would-be expatriates should be thinking of before they flee the UK. I.e., not everywhere in the world offers one a more affordable cost of living or a more stable economic climate for that matter.
So if you’re thinking of moving abroad, make sure you are realistic about your expectations of your new life. We at Shelter Offshore do believe that the record rise in Brits expatriating that has been expertly predicted by AXA is an accurate prediction. We can tell from the numbers of enquiries we receive that interest in relocation is active and uppermost in more people’s minds, but it is imperative that Britons are well versed in the realities of their chosen new life before they relocate.
There has been very little positive news bandied about in relation to the property market in Bulgaria of late – where there has been anything remotely optimistic written it has been in relation to Bulgaria’s ski resorts and the properties therein, which are still in demand from rental tenants and will likely remain so as long as Bulgaria keeps its feet on the ground and remains a cheap ski destination.
Coastal property in Bulgaria has been all but written off by the British press as being a bad investment and not worth the levs that people have paid for it – but some interesting new facts have come to light that suggest there is life in Bulgaria’s summer resorts after all, and that we have just all been looking in the wrong place for it.
There is sustained and consistent Russian interest in property in Bulgaria on the coast and in the interior and so today we’re asking, are Russian’s saving Bulgaria’s property market? If you already own a property in Bulgaria and you’re wondering what to do with it, whether you can sell it today and cut your losses, whether it will rent and if it will ever turn a profit, read on!
Copyright © 2004-2008 ShelterOffshore.com. All rights reserved. | About Us | Help and Contact Us | Privacy Policy | RSS 
| Site Index
Channels: Living Abroad | Property Abroad | Health Abroad | Offshore Investment | Gold Investment