Following the referendum on Brexit last June and the subsequent triggering of Article 50 the United Kingdom have decided to leave the European Union and seek individual trade negotiations with the rest of the world. This has had quite an impact on the British Economy and the British people. Once major effect has been the fall in the value of the pound. Economists predict the value of the pound will remain at under 90% of its value before the June 2016 referendum.
Living outside the UK and being paid in a local currency will mean transferring back into Pounds will give me increased value but why rush into anything right now? No one really knows what the impact of a full Brexit will be so just sit and wait to see what happens. In the meantime there are some nice investment opportunities that could be profitable. Here is a look at some of the countries in Asia that could prove well worth the effort.
Once a war ravaged developing country. Decades of stability and economic growth have seen investors flocking to this small South East Asian country. House prices are starting to increase steadily but the cost of living remains very low, even compared to its neighbors. Businesses and property are the biggest draws for profitable investments in Cambodia.
The most developed in South East Asia but there are still opportunities to be had. Property developments are still springing up all over the place and some of the quieter towns are increasing in size. If you have a specific skill then working in Thailand is very beneficial, it is difficult to start a business as a foreigner unless you know a Thai local to help you though.
After years of military rule, this country is like a new born baby waiting to start walking for the first time. Already, malls, restaurants and banks are beginning to spring up, things that were never there before. There are an abundance of investment opportunities in Myanmar and there will be plenty for years to come.
Outside of the main cities of Ho Chi Minh and Hanoi Vietnam is investing heavily in attracting tourists to its lesser known beaches and small towns. Infrastructure is steadily improving and property prices are well below the regional average. More developed than Cambodia and certainly Myanmar but not to the extent of Thailand, this offers some unique opportunities for the small and medium term investor.
The great thing about Malaysia is its diversity. Its closeness to Singapore, Thailand and the fact it is in 2 parts with 2 provinces on Borneo. Furthermore, English is widely spoken and starWaiting Out Brexit in Asiating a business is a lot easier in Malaysia than in many of its neighboring countries. Outside of Kuala Lumpur there are an abundance of investment opportunities in the towns that are rapidly growing, in this safe and stable environment.
To read more about the impact on British people living outside the UK and in particular in Asia, check out my blog post on how to wait out the Brexit Negotiations