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Expats advised to mitigate risks in advance

Source: Expatriate Healthcare - Wed 13th Apr 2011

Prospective expatriates have been advised to mitigate the risks involved in moving overseas in advance.

Paul Collins, editor at the BuyAssociation, said that the risks "really are the same the world over" when buying an overseas property.

Indeed, he explained, investments can go down as well as up and political and social situations are liable to change.

"Many of these things are signalled in advance, so with good research and careful research a lot of these things can at least be prepared for and mitigated in advance," he remarked.

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Considerations such as researching healthcare and education requirements should be high on the list of priorities.

The advice comes as research has suggested the at expatriate pensioners and baby boomers are struggling with the financial pressures of the economic downturn and are returning to their country of origin because of this.

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