Expat Property Abroad News

Latest 10 news items tagged Property Abroad

2 May at 6 PM 2016

UK expat family to lose home to compulsory purchase

A disabled British expat, his carer wife and her mother have just two months to leave their Spanish home before it’s knocked down to make room for a bypass. John Grey and his wife Deborah purchased their dream villa in Alhaurin el Grande in 2003 at a cost of €66,000 after moving from Hertfordshire. Sadly, in 2014 John suffered a stroke which left him with limited mobility, with necessary renovations and a mobility scooter costing another €30,000. Some time during 1994, long before the Greys bought their two-bedroomed,...
29 Apr at 6 PM 2016

Brexit court judgment excludes 700000 expat voters

The concerns of 700,000 long-stay British expats have been dismissed by the High Court in a controversial ruling. Judges at the High Court yesterday dismissed the case for allowing British citizens who’ve lived overseas for over 15 years to vote in the upcoming Brexit referendum. The verdict wasn’t unexpected, with lawyers acting for Harry Shindler and Jacqelyn MacLannan immediately announcing an appeal to the Supreme Court. Lawyers for the plaintiffs argued that expats fear becoming resident aliens in their chosen EU member...
22 Apr at 6 PM 2016

Study shows majority of EU based expats have Brexit fears

A recent study has revealed that two thirds of UK expats living in European Union countries are concerned that Britain’s leaving the EU would have significant negative effects on their lives. The poll, carried out on behalf of an investment and financial advisory company, involved expatriates in France, Spain, Italy, Hungary, the Czech Republic and Germany. Just over two-thirds of respondents admitted they were anxious about the outcome Brexit, with 24 per cent unconcerned and eight per cent saying they did not know. According to...
21 Apr at 6 PM 2016

High Court ruling on expat voting disenfranchisement to be delayed

Following this week’s High Court hearing, British expats in Europe are now waiting for the court to make a ruling on the controversial issue. The long-awaited legal challenge of the UK government's ruling of disenfranchisement for expats living overseas for over 15 years has resulted in the High Court reserving judgment on the issue. Lawyers for plaintiffs Harry Shindler and Jacquelyn MacLennan argued that expats who’ve lived overseas for more than 15 years were ‘on the horns of an impossible dilemma’ as they would need to...
19 Apr at 6 PM 2016

Expat property investment hubs under the microscope

Expat property investment is seen as an option by many retirees living overseas, but needs to be carefully considered. Buying a second home or investment property outside the home country is a popular option for many expat retirees, but making an informed decision takes a good deal of research as regards location, tax liabilities, renting out and leasing legalities and the chance of capital appreciation. In short, making the right decision should be based on personal priorities, the purpose of the purchase, any risk exposure and...
18 Apr at 6 PM 2016

Expat business in Spain fear results of Brexit yes vote

Brexit is fast becoming the topic of the decade for UK expats living in Eurozone countries. Rumours, speculation, whispers, reports, blogs and more, but no real information as to the effect on the British people and British expats living in Europe. This is <a target="_blank" href="http://www.exchangerates.org.uk/news/tag/brexit.html">Brexit</a> 2016, and the furore is expected to increase the closer it comes to June 23. As well as causing controversy within Europe’s widespread UK expat community,...
15 Apr at 6 PM 2016

Omani property companies urge expat property purchase simplification

Omani real estate moguls are pressing the government to enact policies boosting the sector by making it easier for wealthy expats to purchase homes in the Sultanate. At present, expatriates are permitted to purchase only properties located in special Integrated Tourism Complexes licensed as such by a government agency. In addition, any purchases need to be approved by Oman’s Ministry of Housing.The system is problematic in that many foreign buyers find the necessary reams of paperwork cause issues, especially if a residency visa is...
15 Apr at 6 PM 2016

Cypriot government ignoring UK expats Brexit concerns

Brexit-related concerns of British expats living and working in Cyprus are being ignored by the island’s government. For many decades Cyprus has been a favourite with British expats, whether for retirement or for business, with an estimated 60,000 former UK residents living a life enhanced by sunshine, lower taxes and stunning surroundings. At least 12,000 are pensioners, with many more drawing nearer to pensionable age. Having survived the banking chaos and temporary freezing of their funds caused by the financial meltdown, Brit...
13 Apr at 6 PM 2016

Brexit could force inheritance chaos on expats

Should Britain vote to leave the EU, hundreds of thousands of UK expats living in EU member states could experience inheritance chaos due to anticipated changes in current EU rules. EU rulings aimed at the problem of inheritance in cross-border deaths address an average of 450,000 fatalities annually and an amount of around 120 billion euros. The UK, Denmark and Ireland opted out of the rulings, but British expats living in EU member states are still protected by laws allowing the issuance of a certificate of succession permitting...
13 Apr at 6 PM 2016

Expat buy to let mortgage demand still strong

In spite of new restrictions introduced by the government in March’s budget, the expat buy to let mortgage market is seeing increased demand for its products. Expats wishing to maintain a foothold in the British property market are now being offered a wider choice of buy to let mortgages. UK property prices are still climbing faster than the 2015 global average, making buy to let not only a source of regular income but also a good bet for capital increases. In order to increase their market share, new guys in the game Skipton...