Expat Property Abroad News

Latest 10 news items tagged Property Abroad

1 May at 9 AM 2015

Rise in British expats investing in property

The number of British expats looking to invest in property back home has been on the up since the beginning of the year, according to a leading lender. deVere Mortgages revealed that in the first three months of the year, 75 per cent of all home loan enquiries it had received were made by Brits living overseas, predominantly expats residing in regions such as the Middle East, Asia, the US and Russia. The group explained that one of the main reason for the surge in interest has been currency charges, with the pound’s weakness...
28 Apr at 12 PM 2015

British expats to be hit by NHS clampdown

British expats living in European countries such as Spain are likely to feel the full force of a proposed clampdown by the NHS. Many UK citizens living overseas often fly back to their homeland for doctors’ appointments or procedures such as operations because of the hassle involved when dealing with local health authorities abroad, particularly concerning the seemingly endless amount of paperwork that may need to be processed. However, the NHS has introduced new regulations, which will come into force in the coming days, stating...
22 Apr at 4 PM 2015

Expat couple to star on Channel 5 documentary about demolition of Spanish villa

A British expat couple will appear on Channel 5’s Horror Homes to reveal all about how their dream villa in Spain was demolished. Len and Helen Prior, who were living in the Andalucian town of Vera, saw their villa bulldozed on January 2008 because of “planning irregularities”. Despite being in possession of the required documents which were signed by the local town hall, the Priors, from Berkshire, received a call informing them that their property was to be demolished. Five years on in 2013, Helen told reporters that the...
20 Apr at 6 PM 2015

British pensioners heading overseas after cashing in on reforms

With the new pension reforms in the UK, British retirees are cashing in and heading to pastures new in foreign lands. Among the main investments pensioners are making after withdrawing substantial sums of money from their savings are holiday homes abroad with, unsurprisingly, Spain being the most popular destination. Chancellor George Osborne introduced reforms earlier in April that enable people over the age of 55 to make unlimited withdrawals from their pensions. Although the majority of people in this bracket are not looking for...
7 Apr at 12 PM 2015

Properties in Costa Calida proving to be popular amongst expats

There seems to be a recent return of foreign buyers in the Costa Calida region. According to figures which have recently been released, the amount of property purchases made by foreigners in the final quarter of 2014 are rising compared to figures recorded in the same region during 2013. Last year, there was a total of 11,040 properties bought in the Murcian Region which was an increase of 11.9 per cent compared to the previous year. Out of this total, non-Spanish buyers rose 11.4 per cent from 2013. Some 2,338 properties were bought...
3 Apr at 12 PM 2015

Gibraltar murders: Adults’ state of mind to be investigated by experts

A 31 year old British man and 37 year old Spanish women were found dead along with two children in Gibraltar on Monday. The police are looking into both the adult’s state of minds. According to police, the names of the deceased are being withheld until the arrival on the Rock of their next of kin. Two girls, one aged four and the other six months, were found dead at the murder scene and have since been removed and taken to St Bernard’s hospital. Eddie Yome, police commissioner, said that until Doctor Carey who is an expert...
1 Apr at 12 PM 2015

After a string of burglaries, Benidorm murder victims tried to sell their house

The British couple who were recently murdered in their villa in Benidorm previously experienced two robberies and had put their property on the market in order to move closer to their son in Mallorca. Their three bedroom villa had reportedly been put up for sale for €230,000 after they had been burgled twice so that they could move to Palma de Mallorca and live near their son Sasha. Peter and Jean Tarsey were found dead in their villa on Sunday Afternoon in Xalo when their dinner guests raised the alarm after arriving at their...
31 Mar at 6 PM 2015

British couple killed in Benidorm Villa

A murder investigation has begun after a British expat couple were shot in their Benidorm villa however the issue is causing confusion in the world press. Pater and Jean Tarsey who were both 77 years old were found dead at 4.15pm on 29 March at their villa in Xalo. Guests who had come round the couple’s villa for dinner found them on their sofa, surrounded by bullet casing, and still locked in an embrace. It was reported on Sky News that the computer had been thrown into the swimming pool, the television was missing and that...
31 Mar at 9 AM 2015

British buyer numbers in Spain set to fall if UK has European referendum

As the UK considers an exit from the EU, there is the possibility that the number of properties bought by Brits could plummet. According to a recent YouGov survey, one in three Brits think that property bought overseas is a risky investment if the UK left the EU. Finance Expert Jordan Tilley said that although recently the strength of the Euro has been sliding increasing against the Pound Sterling, this has not caused a buying frenzy of British property purchasers in Europe. He added that there is still much caution amongst British...
25 Mar at 3 PM 2015

Dual citizenship to be granted to Sri Lankan expatriates

A minister from the government said that, from Monday 23rd March, expatriate Sri Lankans would be able gain dual citizenship due to a new administrative procedure. Those able to take advantage of the new procedure will be those who have emigrated to Canada, the UK, the USA, New Zealand, Australia, Sweden, France and Switzerland. On Monday, John Amaratunga , the Minister of Public Order, Disaster Management and Christian Affairs, said there would be a Rs. 50,000 – 250,000 fee for the application procedure. Those wanting to be...