Expat Property Abroad News

Latest 10 news items tagged Property Abroad

17 Jul at 6 PM 2017

British expats in Alicante not bothered by Brexit

In contrast with a number of media reports to the contrary, Brit expats living in Alicante seem to be not at all bothered by the possible outcome of Britain’s divorce from the EU. According to the Madrid-based National Institute of Statistics, Alicante is home to Spain’s largest British expat community, at present holding some 73,000 mostly retired Britons living the sunshine life. Ever since the referendum result was announced, media reports have centred on the concern felt by UK expatriates in Europe as to Brexit’s effects on...
12 Jul at 6 PM 2017

Help for UK expats renting out their homes whilst overseas

Many UK expatriates prefer to rent out their homes whilst on relocation overseas, making sure they have a base for when they return. With overseas assignments now a popular way to advance careers as well as build up savings, renting out your UK house is the sensible way to retain a secure base for your return as well as ensuring there will be no problems with obtaining a mortgage further down the line. Many expatriates attempt to save money by cutting out the middle man, finding tenants online and managing rent collection and...
10 Jul at 6 PM 2017

Should expat investors in EU properties stay positive

Even although it’s not at all clear how Brexit will finally affect UK citizens living in Europe, many Britons still planning to buy holiday homes are focusing on the effect of the UK’s divorce on foreign property prices. Those who purchased homes in European countries prior to the referendum have already made a profit on paper due to the collapse of sterling after the Brexit result was announced, and may yet make more if a hard Brexit becomes reality. For those hoping to buy in the near future, a holiday home in the sun may well...
5 Jul at 6 PM 2017

Dubai school fees forcing expats into cheaper homes

Summer in the UAE traditionally sees large numbers of expats packing up and relocating, with soaring school fees helping to make the decision either to leave or move to a smaller rental property. The already high cost of Dubai’s international school education for expat children is about to increase still further due to the government’s permission raising fees for the next school year by 4.8 per cent, resulting in expat schooling costs since the 2011/2012 school year soaring by around 30 per cent. Although expats in the UAE receive...
4 Jul at 6 PM 2017

UK expats quitting Valencia ahead of final Brexit date

In spite of endless media reports citing UK expats’ potential problems with continuing their chosen lives post-Brexit, TV shows and adverts continue to push the positives of settling in a Spanish dream home. At the present time, no-one caught in the Brexit dilemma has any real idea how their lives will pan out in the swiftly-approaching future, but for many expat-aimed businesses including real estate developers it’s business as usual. It seems unreal that would-be expat retirees or hopeful entrepreneurs could have missed out on...
3 Jul at 6 PM 2017

Buying expat property in Cyprus

Popular for decades with British expats, the island of Cyprus is known as the Jewel of the Mediterranean for its sunny weather, long history, friendly locals and glorious scenery. A former British colony, Cyprus offers a good life for retirees including reasonable accommodation costs, more than adequate healthcare and a laid-back lifestyle. It’s now recovered from the EU-instigated financial meltdown during the 2008 financial crisis although, sadly, a number of expat residents lost their savings as a result. The cost of living and...
30 Jun at 6 PM 2017

Kuwait plans new city to house 20,000 expats

The Kuwaiti government is to invite bids for the construction of a brand new city to house expats. To be known as the ‘Southwest Al Jahra Labour City‘, the massive conurbation will provide homes for foreigners working in the emirate and will be located in the Northern Al Jhara region. According to the Arabic language newspaper Al Bahar, the project will be a joint private/public sector venture and is expected to be ready for occupation by 2021. No details as yet have been given as to the requirements necessary for expats to live...
27 Jun at 6 PM 2017

Tips for expats on renting property in China

Arriving in a strange land and attempting to find a good place to live is stressful enough for most expats, but language difficulties and lack of knowledge of laws can confuse even the most enthusiastic newcomer. Renting a home is the convenient way to begin a new life in an unfamiliar location, but how to do this without any knowledge of what’s right and what’s decidedly dodgy. Chinese law is said to confuse even the Chinese, but the tips below will help newly arrived expats avoid the usual pitfalls. If you’re offered...
23 Jun at 6 PM 2017

Survey shows Gulf states rising costs of living

In spite of readjustments in their local economies, Abu Dhabi and Dubai’s survey rankings have moved up, indicating more expense for expats in the region. The Mercers cost of living survey found that Dubai had risen one point to 20th most expensive world city, with Abu Dhabi following on at 23rd, two points up from last year’s study. Several other Gulf cities including Doha, Muscat and Riyadh also featured in the list of top 100 most expensive expat destinations. The Dubai and Abu Dhabi ratings come as something of a surprise as...
22 Jun at 6 PM 2017

Shifting global economy good news for expat living

The oil price crash combined with increasing global nationalism over the past year has caused the global economy to shift, thus decreasing the cost of living in London and other expensive expat destinations. As a result of the global changes, the latest survey of the world’s most expensive cities has produced some surprising results indicating dramatic cuts to the cost of living in London and other major world cities. In the majority of cases, the values of local currencies have tanked against foreign currency rates, with expats...