Expat Property Abroad News

Latest 10 news items tagged Property Abroad

26 Sep at 6 PM 2016

Unlicensed expat real estate brokers in Qatar to face deportation

As part of Qatar’s newly introduced real estate brokerage laws, any non-Qatari, unlicensed real estate salespersons will be arrested and will face immediate deportation. The new penalties for non-licensed expat estate agents have now been confirmed by Qatari Minster of Justice Hassan bin Lahdan Mohannadi, with the legal draft itself now forwarded to the emirate’s Shura Council for its approval. The minister explained the new regulations for real estate brokerages have been clearly laid out, and include real estate valuations,...
23 Sep at 6 PM 2016

How to avoid expensive mistakes when buying Spanish property

For decades, Spain has been the top choice for British expats looking for second homes or retirement villas, but ‘look before you leap’ is still the best advice. Spain’s sunshine, friendly people, great food, fascinating history and culture and ready-made expat communities have been attracting the British since the early days of cheap flights. However, buying a Spanish property can be fraught with risks such as dodgy developers, unstable property prices and even off-plan purchases of condos which are never built. That said,...
15 Sep at 6 PM 2016

Expats in Hong Kong score bargain apartments with bad Feng Shui

Expats in Hong Kong have found the way to bag a bargain rental apartment is to find one where someone has recently died. Many traditionally superstitious Chinese strongly believe that when a death occurs in a private home, the result is bad Feng Shui or –to put it in a Western context – the home will be haunted by the spirit of the deceased, making it difficult to rent out or sell. Savvy expats on the island are taking advantage of this belief to land a bargain unit at a low rent. One Chinese listing site tracks deaths from...
15 Sep at 6 PM 2016

Furious British couple up sticks and move to Malta after Brexit result announced

One British couple were so incensed by the Leave victory in the Brexit referendum they immediately sold up, left the UK and are now permanently settled in Malta. Like many millions in the UK, Nigel Lippard and his Hong Kong-born wife Linda didn’t believe the Leave campaign had even half a chance of winning the June 23 Brexit referendum. However, as the date approached and polls saw the gap between Remain and Leave narrowing, they became increasingly concerned. Having woken up to their worst nightmare on June 24, the couple...
14 Sep at 6 PM 2016

British expats in Spain say NO to Brexit

British expats in Spain are still reeling from the shock of the Brexit result, plus the fact they’ve been left in limbo ever since. The strength of feeling and resentment against the chaos resulting from the referendum result is ramping up in Spain’s expat communities as time passes and no reassurances as to their status are being given. The fall in the value of sterling caused by the Leave vote plus the almost total stagnation of the Spanish property market are forcing the British expat community to simply sit and wait for...
13 Sep at 6 PM 2016

Brit expats in Spain sue Rothschild over mis-sold equity release schemes

According to a recent article in the Sunday Times, a group of four expats living in Spain have filed a lawsuit alleging mistreatment in the matter of an illegal equity release scheme. The lawsuit due to be heard in Britain’s High Court is being seens as a test case for more than 800 British retirees in Spain, Portugal and France who were drawn into remortgaging their homes in order to re-invest the capital in offshore funds. Representatives of the unregistered financial advice company Henry Woods, blacklisted from operating in Spain...
12 Sep at 6 PM 2016

French property pitfalls for unsuspecting expats

Older, run-down or derelict properties in France, however charming and remote, may be the worst real estate decision expats ever make. Falling in love with a ramshackle, stone-built French cottage miles from anywhere is a familiar syndrome affecting a large number of Brits desperate to leave their overcrowded, politically unstable home country for a peaceful retirement in beautiful surroundings. Sadly, the romantic dream often turns into a nightmare soon after contracts are signed. The trap of purchasing exactly the wrong...
2 Sep at 6 PM 2016

Spain buyers market tempts expats but care should be taken

Spain is back in the headlines again as a tempting property investment as well as a great place to retire, but care still needs to be taken when purchasing a home. Over the past decade, many enthusiastic buyers who didn’t check the facts were left without homes due to unscrupulous developers and dodgy local authorities. Now that the law has changed and most will be getting recompense, the Mediterranean hotspot is increasingly popular with would-be expats. The basics of buying whilst protecting your investment are relatively...
30 Aug at 6 PM 2016

Online expat shoppers bingeing on bargains due to sterling slump

The recent devaluation of sterling has proved a bonanza for expats, with online UK shopping sites seeing a huge increase in turnover. Following the rush from overseas for UK properties since sterling fell dramatically on the news that the Brexit referendum’s Leave campaign had won, online British sales websites have seen a similar rush to buy. The plunging pound has brought unprecedented demand from overseas buyers for all kinds of UK goods from clothing to favourite foodstuffs. One online favourite, Waitrose, now offering its...
29 Aug at 6 PM 2016

Settling in Singapore made easy for expats

Singapore can be an expat’s dream relocation, but it’s best to get all your settling-in questions answered before you arrive. The exciting city-state of Singapore can give the experience of a lifetime, but getting everything sorted out immediately after your arrival can be a nightmare for the unprepared. Although its citizens are mostly of Chinese origin, Singapore isn’t part of mainland China and its rules and regulations can be even more confusing. Unless you’re on a comprehensive relocation package offered by a...