Expat Property Abroad News
Latest 10 news items tagged Property Abroad
28 Oct at 6 PM 2016
As sterling’s weakness continues, expats from the USA are increasingly setting up home in the UK.
prices are falling, and the post-Brexit decline in the value of sterling is making homes in the UK even more affordable for those buying via foreign currency transfers. More than 200,000 Americans are already living and working in the UK, with a growing number looking to buy real estate
at bargain prices.
Since the end of June, real estate
agents in attractive parts of the UK have noted a considerable increase in...
27 Oct at 6 PM 2016
The Vietnamese government is preparing to issue a new law allowing expats to buy apartments but, according to real estate
agents, the take-up may well be lower than expected.
The government’s relaxation of the home ownership rule for expats is innovative, and was expected to result in a rush to buy, but property
agents in Hoh Chi Minh City believe the resolution will be met with a general lack of enthusiasm. The subject was discussed as part of last Tuesday’s real estate
conference, but met with little interest from professionals....
25 Oct at 6 PM 2016
The European Parliament is furious with Cyprus for offering wealthy expats and their families fast-tracked European Union passports.
The Cypriot government has just changed the requirements for their ‘citizenship by investment’ scheme, allowing wealthy expats to purchase EU passports and the right to remain for a sum of around 2.5 million euros. After just three months as part of the revised programme, expat investors are granted an EU passport, residency in Cyprus and free access to the Shengen zone. The island’s governing body...
21 Oct at 6 PM 2016
Although apartments in China’s main cities are becoming more expensive, some expats are taking a chance on capital gains by purchasing now.
The Chinese government has recently eased laws governing expat property
purchase, encouraging more long-stay expats to take the plunge and buy a home. Although owning an apartment gives a feeling of security, the first rule of property
choice and purchase – position, position, position - still applies.
One couple who’ve been living in Beijing for a while began flat-hunting in 2014,...
21 Oct at 6 PM 2016
A special meeting dedicated to the effects of Brexit on British expats in France heard the UK’s divorce from the EU would have cataclysmic effects on expat rights.
Members of France’s National Assembly were told Thursday that Brexit was on track to wreck the lives of tens of thousands of Britons living in the country. EU law specialist Myriam Benlolo-Carabot told chair of the meeting National Assembly President Claude Bartolone the only way to prevent cataclysmic Brexit effects is to allow reciprocal agreements.
Once Brexit is...
21 Oct at 4 PM 2016
SVG, infamous amongst expats for its Caribbean and Thailand property
scams, is now insolvent and has appointed a professional trustee.
The company is based on St Vincent and the Grenadines, a Caribbean offshore location for many companies with doubtful legitimacy, and is the offshoot of another company with the same name. Briton David Ames and his sidekick Richard Houghton were instrumental in swindling expat pensioners out of their savings by selling off-plan beachside condos, only a few of which were actually ...
12 Oct at 6 PM 2016
Whether the decision to return to the UK is based on fears of Brexit effects, family reasons or simply because you’re missing the home country, it’s wise to check your tax position before you make the move.
For expats moving back to the UK from EU member states it’s fairly straightforward providing you’ve maintained your non-resident status. However, for those returning for farther-flung locations, it’s best to get advice on tax liabilities as regards selling your overseas home, investments and unwanted belongings.
11 Oct at 6 PM 2016
British expats living and working in the UAE are unconcerned about the drop in value of sterling, provided their families are with them.
Amidst disturbing rumours forecasting a ‘hard Brexit’ and last week’s sudden ‘flash crash’ of sterling, UAE-based Britons are saying they have little cause to worry, especially if their families are with them on the overseas assignment. Many receive their salaries in US dollar-pegged dirhams and are only feeling the effects of the crash if they have families visiting from the UK.
10 Oct at 6 PM 2016
The dramatic decline in the value of sterling is causing misery for a huge number of British expats living in EU member states and other world countries.
British retirees in Spain, France and Italy are not only facing an uncertain future as regards their rights to stay in their chosen countries, they’re also seeing their spending power eroded at an unprecedented rate. A majority of UK expats living in other EU states are the worst off, as they rely on UK state pensions, private pensions or company schemes, with the pound now...
5 Oct at 6 PM 2016
Cambodia is now in the process of creating its first dedicated retirement visa for expat pensioners, but its lack of first-world heathcare may result in a diminished takeup of the new initiative.
Cambodia is attracting increasing amounts of interest from expat retirees, many of whom are considering transferring from neighbouring Thailand. The country’s government is eager to provide an easy ride for older expats and has announced a new retirement visa aimed at retirees with pensions or adequate amounts in savings.
With its eye...