Expat Buying Property News
Latest 10 news items tagged Buying Property
31 Oct at 6 PM 2013
Expats with retirement savings or nest-eggs are constantly searching for the highest returns in their investments, but estimates provided by developers can be unreliable and contradictory.
Property investment is in the genes of most expats due to the history of homes bought for little and sold for much more in their home countries in the West as well as for the success of the buy-to-let property market. However, buying property
for profit in an unfamiliar country, especially if the proposed purchase is being sold off-plan, can be...
18 Sep at 6 PM 2013
As the escalating trend in EU states of offering residency to expat purchasers of upscale properties takes hold, Saudi’s high-earning expats are taking notice. At present, around five per cent of the expat high-earning elete are buying expensive European apartments in order to obtain residency permits.
Talal Samarquandi of the Jeddah Chamber of Commerce’s Real Estate Committee confirmed that the reason behind the purchases was to gain residency in a European country. The continuing weakness of the euro, he added, has also...
25 Jul at 6 PM 2013
With an increasing number of Britons planning to emigrate and overseas property prices at a healthy low, it’s hardly surprising that the temptation of a home abroad
is difficult to resist.
Motivations vary from investing when prices are low in the expectation that they will rise, through netting an affordable holiday home to living the dream in the sun after early retirement. However, unless research is undertaken, property dreams can easily turn into property nightmares.
Remembering that what goes up can also come down is an...
22 Feb at 6 PM 2013
With the UK inheritance tax level now frozen and £325,000 until 2019 in order to fund social care reform, expats believing they are exempt need to check the small print.
In spite of a pre-election pledge by the Conservative Party that inheritance tax levels would be raised to £1 million, the limit after which the tax will become due is now frozen at £325,000. If an expat is classed as domiciled, the beneficiaries will be charged 40 per cent on the difference between the limit and the value of the deceased expat’s worldwide...
13 Feb at 6 PM 2013
The number of expats buying property
in the expat hubs of the Middle East is rising fast due to real estate ownership being considered a qualifying factor for long-term residency.
Dubai and Abu Dhabi property markets are seeing a return to the good old days, with revenue from property sales topping £1.7 billion in 2012. Dubai is the largest market within the Gulf States, with British expat property purchases representing 21 per cent of total sales.
As well as guaranteeing a residence permit, investing in property is the smart...
28 Aug at 9 AM 2012
A new study has shown that British expats living in Turkey leave themselves particularly vulnerable in legal problems if they do not have a good enough grasp of the language. The survey, carried out by Queen Mary University of London and funded by the Nuffield Foundation, found that buying property
was a particularly dangerous minefield for foreigners who do not speak and read enough Turkish.
The Legal Adaptation of British Settlers in Turkey study interviewed mainly British expats who had moved to Mugla, a popular tourist...