Expat Property Abroad News

Latest 10 news items tagged Property Abroad

23 Jan at 12 PM 2015

Greek expats angered at voting exclusion

Greeks abroad have admitted their frustration at not being allowed to vote as the southern European nation gears up for its general elections. Electoral regulations state that expats can only cast their ballots if they return home to do so, which for many is not possible. In the Belgian capital, Brussels, there are an estimated 20,000 Greek citizens, many of whom are becoming increasingly angry by the situation. One such person, 29-year-old economics and international relations graduate Nick, quit Greece in 2011 amid the...
13 Jan at 4 PM 2015

Spain: British expats wanted for ‘underpaid’ property tax

British expats who have purchased property in Spain at reduced prices in recent years may be told they have to make back payments on tax bills. Authorities in the Iberian country are currently looking thousands of property sales from the past four years and working out whether the costs were knocked down in order to make the sales. However, authorities in Spain can review sales prices years after properties are bought and decide whether or not they agree with the price. The Impuesto de Transmisiones Patrimoniales (ITP), known as...
7 Jan at 10 AM 2015

Ecuador tops list of retirement havens

The South American nation of Ecuador has been ranked the best place to retire abroad, with Latin American countries dominating the list. The International Living magazine’s Annual Global Retirement Index looked at factors such as cost of living, healthcare and climate in ranking a total of 25 popular countries among expat retirees on the overall quality of life offered. Although prices in Ecuador are on the up, there are still many excellent real estate deals available, according to the senior editor at InternationalLiving.com,...
16 Dec at 3 PM 2014

House shortage in Doha leaves expats facing huge rent increases

A shortage of housing in the Qatari capital Doha means expats will have to pay higher rent prices than they would do in other Gulf states, according to a recent study by global real estate company Colliers International. The fact the city has such a shortage has resulted in the cost of rent soaring to unprecedented levels – a rise of 14 per cent this year alone. And things are unlikely to get better for expats on Doha any time soon as the shortage is predicted to go on for at least four years. The average expat in Doha - not...
5 Dec at 10 AM 2014

Expats will not lose their tax breaks

Brits working abroad received some good news on Thursday after it was revealed that they would still be allowed to claim their personal tax allowance. Chancellor George Osborne said in March during his budget statement that the only people who may be able to retain their personal allowances in the future would be non-residents with strong economic ties to the UK, meaning how much income they could earn in the UK from a property or a pension before tax had to be paid. For the tax year of 2014/15, that level was at £10,000 per...
23 Nov at 2 PM 2014

Expat Book: Lisa Sadleir and Moving to Spain With Children

We're thrilled to announce that Lisa Sadlier, winner of our Education and Integration Schools blogging competition, has just had her first book published. Congrats Lisa! So if you are thinking about moving to Spain with with your kids, check out "Moving to Spain with children" and, once you're there, start blogging and join our thriving community! <h3>Moving to Spain with Children, by Lisa Sadleir.</h3> If you search online you will find a multitude of books about Spain; books set in spain; books about: moving...
10 Nov at 6 PM 2014

UK mafia gangs investing in property purchase scams in Thailand

For decades, tropical Thailand has been a retirement haven for UK expats for its cheap cost of living and year-round sunshine, but buying a condo has always been a risky business. It’s not just the government rules on the purchase of property by foreigners which can ruin the dream, it’s the continuing off-plan property scams perpetrated by dishonest expat developers. The latest to emerge involves a condo block in Pattaya’s Jomtien district – or it would be in Jomtien if it had been built! More than 100 would-be expats have...
6 Nov at 6 PM 2014

Expat landlords warned to beware of online subletting fraud

As if expat buy-to-let landlords with UK properties don’t have enough problems, this latest online scam could prove to be the last straw. The scam is aimed at landlords who advertise their properties online, and is at present targeting the AirBnB website. Fraudsters rent a property for a few days or weeks, then advertise it on other letting sites, interviewing prospective tenants and taking huge deposits before disappearing with the cash. One luxury Kensington apartment was let via AirBnB to a UK-based group of scammers for...
6 Nov at 6 PM 2014

Hidden financial and legal hurdles cause most expat stress

A recently released survey warns that would-be expats seeking a new life overseas should watch out for hidden hurdles such as tax and currency issues or unfamiliar legalities. Up to 400,000 Brits emigrate every year, with most citing a more relaxed lifestyle as a major reason for their life-changing decision. However, the survey revealed that it’s not the most alien destinations as regards language and culture which cause the most stress – it’s mostly all-time favourite English-speaking countries such as Australia and the...
4 Nov at 6 PM 2014

Harlequin pension saver victims hit with financial double whammy

Scammed retirement savers whose cash was lost in the Harlequin property crash are now facing up to ten years’ continuing charges by their pension providers. Affected investors who were persuaded to take out QROPS and SIPPS-wrapped products have not only lost every penny of their savings, but are being charged £500 per annum by the pension providers themselves. Ostensibly referred to as management charges, the totals taken by providers will add some £17 million to the estimated losses. Thousands of pension savers are affected,...