Expat Money News
Latest 10 news items tagged Money
16 Feb at 6 PM 2018
UK expats in Spain travelling via Ryanair for short visits to family in southern England are being warned over the airline and airport's appalling treatment of a British grandmother.
British expat and artist Pamela Lipman, now resident in Granada, had been paying a pre-Christmas visit to her family in the UK, flying with Ryanair between Malaga and Bournemouth’s international airport. On her outbound trip, everything went as expected, with her luggage checked in and her cabin baggage confirmed at Malaga as being within the permitted...
9 Feb at 6 PM 2018
A female British tourist has been detained and ordered not to leave the UAE after a fellow lift passenger died of a heart attack.
The 32-year old British visitor to the UAE was in a hotel lift in Sharjah with a 60-year old Arab woman and brushed against her whilst leaving the lift. Just a few moments later, the older woman collapsed and died. Subsequently, the deceased‘s family made a formal complaint to local police, blaming the British woman for their relative’s death. The tourist was apprehended for questioning by the police,...
9 Feb at 6 PM 2018
Billionaire George Soros has been outed as the money
man behind efforts to negate Brexit.
Campaign groups working to either block or water down the UK’s divorce from the EU are believed to have received some £700,000 from anti-Brexit billionaire George Soros. News about his donations surfaced earlier this week when it was reveled he’d given £400,000 to Best for Britain to finance their legal efforts to either water down or destroy Brexit, thus keeping the UK in the European Union.
Senior Conservative lawmakers weren’t best...
7 Feb at 6 PM 2018
UK expats living in Australia are increasingly investing in British build-to-rent apartment complexes.
Build-to-rent developments are the latest trend for UK property developers, helped along by the British government’s coming out in favour of strongly supporting the sector by initiatives such as the Build to Rent Fund’s loans of 50 per cent of costs to construction companies. The fund was closed down two years ago, but private investors are now piling their money
into this so-called multi-family sector formerly owned and...
29 Jan at 6 PM 2018
A recent survey has revealed Australia as the most popular destination for the fabulously wealthy.
Beating out the USA for the third year running, Oz is now the preferred haunt for those with more money
than they know what to do with, according to the 2018 Global Wealth Migration Review. Some 95,000 high net worth individuals relocated during 2017, with 10,000 choosing Australia as their new country of residence.
Reasons for its success range between proximity to emerging economies across Asia, the continent’s reputation for...
29 Jan at 6 PM 2018
A Filipino maid who’s been working in Dubai for an expat couple has been gifted with a home and driving lessons as well as other demonstrations of their appreciation.
April Rose Marcellino Gatin has been looking after Irish expat couple Henry and Elaine Horan for 11 years since her arrival in Dubai, after first becoming their maid when they lived in Brunei. Their relationship is an all-time success story in a country where maids aren’t always treated with the kindness and care they bestow on their employers.
Perhaps the most...
26 Jan at 6 PM 2018
Due to the arrival as expats of a huge number of millionaires, the UAE is now amongst the top residential destinations for the super-rich.
As of last year, the United Arab Emirates was placed in the top ten world countries with the largest number of millionaire residents. High net worth individuals flocked to the emirates, buying up luxury homes and living the famous Gulf State lifestyles. An estimated 5,000 of the planet’s mega-rich holding at least a million dollars migrated to the UAE, the third-highest total amongst the countries...
24 Jan at 6 PM 2018
EU expats living in the UK can expect the UK’s fee for settled status application to be covered by Brussels.
Following a threat by the Home Office to charge EU nationals a £72 fee for their applications for settled status, the European Union appears to have decided it will pick up the tag. To qualify for indefinite leave to remain in the UK post-Brexit, EU citizens will need to have proof of five years’ residency as well as taking and passing a criminal record test.
EU Commission president Jean-Claude Juncker has expressed...
22 Jan at 6 PM 2018
A British couple are finally celebrating their victory over a demolition order on their Spanish villa.
Valerie and Patrick Jubb, now returned from Spain and living in the Scottish Border country, purchased the four-bedroomed Vina de Linan in 2008, turning it into a luxury bed-and–breakfast nestling on a lush, green hillside in Jimena de la Frontera. Prior to their purchase, the villa had undergone alterations and renovations approved and signed off by the local authority.
The couple ran the business until early in 2015, at which...
18 Jan at 6 PM 2018
Spain’s popularity as a destination both for tourism and expat life looks set to continue.
Always a popular destination for both holidaymakers and expats, Spain is now officially the world’s second most visited country, beaten only by France and overtaking the USA. During 2017, an astonishing 82 million visitors arrived in the country, a further increase on the 2016 record high figure. The total amount of money
spent by foreign visitors also soared by just under five per cent, bringing its share of gross domestic product to 11.5...