Report: Qatar best place to save money for younger expats

Qatar is the best place in the world for expats under 35 years old who want to save up to buy their first home, newly-released results from HSBC’s annual Expat Explorer survey show.

The report, which surveyed 22,000 expats of different nationalities in over 100 countries, found that 31 percent of the young expats it questioned in Qatar had bought their first home while living here.

The UAE came in second place, with 25 percent of young expats reporting that they could now afford to buy their first property.

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The two main reasons this was possible is because of housing allowances from employers, which 68 percent of those surveyed in Qatar received, and higher average wages than in expats’ home countries, with 71 percent of young expats here reporting an increase in earnings after moving.