Talent Acquisition Managers and Recruiters are experts at selling the prospect of working at their company. There are issues that candidates consider that these companies can’t control…cost-of-living being one of them.
In recent months, several major oil companies expanded their offshore drilling operations in Guyana to include neighboring Suriname. The entry into Suriname was facilitated by the country’s shifting political climate and the economic vulnerability triggered by the COVID-19 pandemic. With the sudden arrival of expatriates into the capital, Paramaribo, the housing market is already experiencing considerable strain.
Since March of 2020, more than 450,000 Australian citizens and permanent residents returned home on the advice of the Australian Federal Government. International travel was becoming increasingly complex and many countries established travel restrictions or closed borders.
Over the past year, the rental market in San Juan, Puerto Rico experienced a significant supply crunch of houses. Some of this supply crunch can be directly attributed to changing consumer desires during the COVID-19 pandemic. In cities around the world, demand plummeted for small apartments in city centers while it surged for houses in the suburbs with additional...
The Hague’s rental market has been facing an affordable housing shortage over the past several years. During my research, local housing sources explained that the rental market is used primarily by expatriates and lower income individuals. Fewer expatriates are arriving now, and many existing tenants are extending their leases.
The rental market in Moscow was greatly affected by the onset of the COVID-19 crisis, which resulted in many expats leaving the city, while simultaneously the local population suffered from a sharp increase in unemployment. Many expensive properties were left vacant by the exodus of expatriates, with the local population generally unable to spend as much on rent.
Rent in Hong Kong is notoriously among the highest in the world. In the face of a global pandemic preceded by a year of protests, rents have indeed dropped but remain high on a global scale. Price changes impacted upper-end housing the most, especially based on the area and neighborhood.
Before COVID-19, Bangkok’s economy was flourishing with new real estate projects and infrastructure developments that improved Bangkok resident’s living conditions.
Although China has continued to suspend the entry of most foreigners, Shanghai’s expatriate-quality rental market was strong over the past months, primarily due to strong demand from wealthy locals.
A quirk in the Stockholm rental market made it one of the more interesting cities that I researched virtually since the start of the pandemic.