Expat Property Abroad News

Latest 10 news items tagged Property Abroad

28 Jun at 6 PM 2016

Greek authorities shut down British expat run refugee centre

Tourism authorities on the Greek island of Lesvos have shut down a refugee centre run by two British expats, fining them €10,000 for running an unlicensed hotel. The 20-room centre, located in Molyvos village, was housed in a formerly derelict beachside hotel rented and renovated by a British couple who’d been working with refugees for two years. Renamed the ‘Hope Centre’, the shelter was funded via sponsorship from Western Europe and provided food, shelter, clothing and advice to refugees arriving on the island. Philippa...
28 Jun at 6 PM 2016

Will Brexit kill the Spanish property market

Recent good news that the Spanish property market is finally escaping years in the doldrums has been overturned by Brexit and the slump in sterling. Although a glimmer of hope for long-term British expats on the Costas was given yesterday by the Spanish prime minister, the long-term projections as to Brexit’s effect on the property market, tourism in general and expats’ right to remain are far less than optimistic. Up until the referendum, foreign buyers, mostly from the UK, were queuing up to grab their own slice of Spanish sun,...
24 Jun at 6 PM 2016

Brit expats in Spain shock horror reaction to Brexit win, pound to euro exchange rate plummets

UK expats living and retiring in Spain are in a state of shock as their worst fears about Brexit are confirmed. Brits living the good life in Spain woke this morning to their worst nightmare – the decision of a majority of eligible referendum voters to leave the UK. Immediately, <a href="http://www.exchangerates.org.uk/news/15681/gbp-eur-pound-euro-exchange-rate-news-and-outlook-.html">the pound to euro exchange rate plummeted</a> and world stock markets braced themselves for a replay of the financial crash of...
22 Jun at 6 PM 2016

Hong Kong now worlds most expensive expat city

One of the most important and longest running cost of living surveys has declared Hong Kong to be the most expensive cities in the world for expats. The 22nd Mercers survey places the Asian expat hotspot at the top of its list of 209 cities as regards cost of living. The aim of the annual study is to help major employers decide on relocation packages, taking into account the average prices of over 200 items from a beer or a coffee to accommodation costs. Hong Kong’s elevation to the top of the tree isn’t a surprise, as the...
20 Jun at 6 PM 2016

Expat first steps for your Spanish dream lifestyle

The dream of a Spanish lifestyle has seduced UK would-be expats for decades, but peace of mind and a lack of hassle depends on getting it right from the moment you arrive. Emigrating overseas is an increasingly attractive option for British citizens approaching retirement. thinking of setting up a small business in a warm, friendly environment or simply searching for a change to a less stressful lifestyle. Spain’s Mediterranean coastline has long been a favourite destination for its combination of great weather, established expat...
20 Jun at 6 PM 2016

Expats buying homes in Vietnam despite legal issues

After decades of semi-closure, Vietnam is opening up to expats and allowing house purchase under certain circumstances. For years, Vietnam’s real estate market has been considered risky for investors and expats due to legal restrictions on long-term stays and house purchases. Recently, it seems that strengthening demand from South Korean and Japanese buyers has resulted in an easing of restrictions for property investment in Vietnam. As the country attracts more expat businesses and expat workers, condo blocks in Hoh Chi Minh...
15 Jun at 6 PM 2016

Spanish lawyer gives hope to thousands over lost dream home deposits

Knowing your legal rights as an expat in Spain, it seems, is the first step in winning back your life savings form property scammers. Adolfo Martos, a long-standing lawyer with offices in Malaga and Marbella as well as a dedication to help scammed expats, has the core advice of how to beat the snails-paced Spanish courts. Hanging on in there and insisting on your rights, no matter how long it takes, he says, will win every time. Now the chair of the international legal group ‘TEN, The European Network’, has started a new...
10 Jun at 6 PM 2016

Oman considers freeing up its housing market to expats

Oman’s Ministry of Housing is considering plans to allow expats to purchase homes outside the country’s integrated tourist complexes. Should the plan go ahead, expats who’ve until now been restricted in their choice of districts in which to purchase homes will be allowed to buy properties in other areas of the sultanate. According to the Times of Oman, a Ministry of Housing representative told reporters the country’s Real Estate Association is pushing for reforms to the present system. At present, foreigners living and...
9 Jun at 6 PM 2016

Singapore expat cost of living soars over five years

A survey of relative costs of living across professional expat global relocation destinations rates Singapore 18th in the 'most expensive Asian cities' lisitng. Current rankings for Asian cities now places Singapore as the 18th most expensive city in the Asian region. Over the past five years, the city state’s cost of living has risen significantly in spite of recently lower inflation rates. The city’s global cost of living ranking has soared 12 points, mirroring the increases in the cost of living for expat professionals. ECA...
9 Jun at 6 PM 2016

Spanish police arrest British expat family for care home fraud

A British expat couple and their daughter have been arrested by local police in Santa Pola for running an illegal care home and defrauding residents of their properties. According to Spanish police, the 59-year old couple had converted their property into a long-stay retirement home without obtaining the proper registrations and license for the business and without having any qualifications or experience. Worse still, once the victims were installed, it’s alleged that the couple and their daughter persuaded them to lodge their...