Expat Property Abroad News

Latest 10 news items tagged Property Abroad

20 May at 6 PM 2016

Glory days over for Hong Kong expat banking and finance crowd

The fat housing allowance packages gifted to top expat banking and finance executives in Hong Kong are becoming the thing of the past. Long regarded and much envied as a golden privilege only offered to senior expat banking and finance executives, the massive housing allowances granted as a part of top-flight relocation packages are being slashed to sensible levels or, worse still, eliminated altogether. Luxury living on Hong’s exclusive Peak is being downsized to less prestigious locations and the luxury housing market is suffering...
16 May at 6 PM 2016

New UK law forces expat landlords to check tenants right to rent

A new UK law which came into force on February 1 this year forces expats renting out buy to let property in the UK to undertake confusing documentary checks. The law may prove to be yet another imposition on UK expats who choose to invest in buy to let properties in their home country. Landlords, or their letting agents, must check a raft of original documents confirming prospective tenants’ rights to live in the UK and identifying all those over 18 years old living in either single or multi-tenancy accommodation. Copy documents are...
13 May at 6 PM 2016

Expats in newly awakened Myanmar find buying condos too expensive

As Myanmar continues to loosen its military’s grip and expats begin to arrive, construction companies are noting that newbuild condos are too expensive for most expat arrivals. After decades of military rule, Myanmar, formerly Burma, is opening up to the West and hoping to follow Thailand’s original intent as a hub for tourism, expat businesses and possibly an expat retirement hub. However, progress to date has been slow, with most new expat arrivals unable to afford new-build condos. A ground-breaking new law, enacted in...
11 May at 6 PM 2016

Spanish property market facing challenges in 2016

Although demand for Spanish property has increased recently due to improved mortgage rates and low real estate prices, the Spanish real estate market is under threat in 2016 from Brexit, currency turmoil and new Andalusian holiday let laws. A recent survey reports strong expat demand for Spanish property originating mostly from the UK, Germany and Scandinavia, along with market activity from other northerly countries. However, as Brexit approaches, there’s increased nervousness about the outcome, with fears of the UK leaving the...
10 May at 6 PM 2016

Is the expat lifestyle dream fading for Brits

Results of a recent survey hint that the long-held retirement dream of living in warmer climes is becoming a nightmare for many who are planning to return to the UK. The survey, conducted on behalf of NatWest International, reported that 97 per cent of expat respondents are unhappy with aspects of their lives, with most citing the increased cost of living as the main reason. One third of those surveyed told of their plans to return to the UK. Almost all of those surveyed said that a deciding factor for a return to the home country...
10 May at 6 PM 2016

UK expats being frozen out by British banks

British banks are systematically freezing out UK citizens living overseas, causing major inconvenience for thousands of expats . Many UK expats living overseas have valid reasons for wanting to either open an account with a British bank or continue using an already opened facility. For example, some UK-based pensions will not pay into accounts based with foreign banks, and expats who’ve invested in rental property in the UK also find a British account convenient. Unfortunately, over the past 18 months, UK banking choices for...
9 May at 6 PM 2016

Survey shows expats now more settled in UAE

Stabilising property prices and the UAE lifestyle are now major draws, reassuring expats formerly planning to leave. Results of a recent survey report 36 per cent of expatriate respondents are now planning to stay long-term in the Emirates. The same survey’s 2015 results showed over half of expats working in the UAE were preparing to leave rather than purchase a home due to the soaring cost of living. The poll, conducted by finance comparison website compareit4me.com, strongly indicated that expatriate workers feel their future...
9 May at 6 PM 2016

Brexit tax effects for expats working or investing in Europe

Whilst a great deal has been written about the Brexit effect on expats retiring outside the UK, the possible tax-related predicaments of those working or investing in EU member states have been largely ignored by the popular press. The impact of a Brexit on taxation across the board could leave working and investing expats in a perilous position. In addition, UK citizens whose income originates from EU member states are likely to be much worse off due to the increased taxes imposed on investors and business owners from non-EU...
5 May at 6 PM 2016

Mexico may be easy option for EU expat life

Already popular with expats from the USA and Canada, Mexico could also be a great option for retirees from European countries. Familiar Western comforts, reliable services and, most importantly, English-speaking locals have all made Mexico the destination of choice for a million Americans and half a million Canadians. For those wanting a predictable lifestyle, it’s seen as a half-way house between the first world and distant exotic destinations with almost as many negatives as positives. The country’s culture is Americanised due...
4 May at 6 PM 2016

Beijing greedy landlords making life difficult for expats

Expat quality of life in Beijing is being seriously affected by soaring rental increases. Although rent increases in Beijing are nothing new, greedy Chinese landlords nowadays are putting the screws on expat tenants as never before, especially in the more popular expat districts. Average rents in China’s capital rose last year by 14 per cent on top of the usual annual increases in previous years. A recent report from the Global Cities Business Alliance named Beijing as the world’s most expensive city for expat rentals, ahead...