Expat Property Abroad News
Latest 10 news items tagged Property Abroad
28 Feb at 6 PM 2014
After several years of being left out in the cold by UK mortgage providers, expats hoping to purchase a home in their country of origin may now get a result.
UK buyers living overseas have been ineligible for mortgages from high street building societies and bank for some time, with the only answer being to engage an specialist international mortgage broker who knows the ropes as regards the handful of lenders still in the market. Most specialist brokers regard the sector as buoyant but severely overlooked by the mainstream lenders....
27 Feb at 4 PM 2014
Endless online warnings about buying condos in Thailand off-plan have been based on Pattaya’s Emerald Palace property
scam, but the tables would now seem to have been turned in favour of the actual owners.
Promoted by Brit developer Richard Haughton, firstly through Harlequin Thailand and later through Haughton’s Thailand Property
, Media and Exhibition Company (TMPE), the condo units were sold off-plan. Buyers remitted the purchase prices to Harlequin and TMPE, with many paying up whilst still in the UK.
What buyers didn’t...
21 Feb at 6 PM 2014
Expat investors tired of searching for fixed rate investments at above their host countries’ current inflation rates are turning to retail bonds for comfort.
Bonds as such are not just the province of the extremely wealthy, as investments can start at the low thousands or ever low hundreds of pounds. Retail bonds are relatively new kids on the investment block, and have gained plenty of fans over the last several years.
Put simply, retail bonds are fixed-term loans to an established company at the offered interest rate, with...
18 Feb at 6 PM 2014
A controversial bill being proposed by EU lawmakers will make declaring confidential financial information held by trusts compulsory.
The aim of the proposed legislation is to stop corporate money-laundering, but will catch expats and EU member state residents in its net. To the EU, trusts have much less wide implications than is usually understood in the UK, with even the joint ownership of a home as in Land Registry documents coming under the proposed new law.
Families will be forced to hand over accounts for the so-called...
12 Feb at 6 PM 2014
Expatriate workers in Hong Kong are being forced out of the central area by rapidly rising rents.
Estate agents in the city are reporting strong demand for rental apartments in less expensive outlying areas of the city from expatriate workers whose leases have expired. Landlords are taking advantage of the city’s soaring rents, and employers are cutting back on expat housing allowances.
Researchers into the rising rental market for central properties have noted that, when leases expire, a 20 to 30 per cent increase in the rent is...
10 Feb at 6 PM 2014
With UK interest rates still at a miserable level and US stocks struggling since the start of 2014, investments in emerging markets may be tempting may expat investors.
Investing in overseas emerging markets was expected to increase after the turn of the year, but the sector has taken a beating for a number of good reasons. Tepid economies, inflation, high debt to GDB ratios and increasing political turmoil have all taken their toll on formerly optimistic projections.
China, the new power behind the global economy, has reported a...
6 Feb at 6 PM 2014
The British love affair with Spain is still as hot as ever, in spite of the infamous property
scandals, demolitions and scamming developers.
As in decades past, the main attractions are the laid-back lifestyle and welcoming, warm weather, although the huge drop in property
prices over the last several years also has its attractions. A new study has revealed that at least half of property
bargain-hunters are looking for a holiday villa, a third can’t wait to leave the UK for ever and only 13 per cent are looking for a good...
4 Feb at 6 PM 2014
Analysts are suggesting that Portugal’s devastated property
market is showing signs of movement, with the Algarve in particular having all but bottomed out and looking to attract interest in the near future.
Prior to 2008, properties in Portugal were priced at higher levels than in most popular holiday home, expat and retiree destinations. The country’s subsequent economic turmoil has resulted in real estate
now being priced at a third lower than comparable homes in the UK.
Now that the market has all but bottomed out, home...
4 Feb at 6 PM 2014
Planning to retire overseas is an adventure which should be carefully planned, with buying property
abroad needing to be approached with care.
Investing in an overseas property
as your retirement home is a dream held by most would-be expats, but the dream can easily turn into a nightmare if the right checks aren’t made. Buying into a development is the easiest way to settle, with most expat-savvy developers building to high standards, speaking English and even able to provide mortgages.
However, buying off-plan in most favourite...
29 Jan at 6 PM 2014
Wealthy Chinese, Singaporean and Russian property
investors are beating expat investors to the best buys in major world capitals.
With more millionaires than in any country except the USA, and a rapidly expanding number of would-be migrants, it’s no surprise that nowadays the Chinese are the most sought-out property
investors in the world. Around 50 million Chinese are estimated to be living outside the country, and those still in China are looking at the big picture as regards investments.
Foreign investors are being offered...