Expat Property Abroad News

Latest 10 news items tagged Property Abroad

1 Aug at 6 PM 2014

Retired expats in Asia warned to monitor currency fluctuations

Expat pensioners living in Asian destinations are enjoying far better exchange rates than they were a year ago, but is the trend set to continue? Britain’s strengthening recovery, rumours that the Bank of England is close to raising the base rate after its six years in the doldrums, and the European Central Bank’s growth policy have uplifted pension payments in Asia. However, expat pensioners are more at risk should a downtown occur than any other expatriate sector. The 2008 financial crash and its resulting global recession...
31 Jul at 6 PM 2014

New report warns of Dubai property bubble risk

Dubai’s latest residential review noted that rents rose by 20 per cent over the last 12 months and warned of another property bubble. The revelations in the latest Dubai property review are causing concern over yet another property bubble in the region. Apartment rents soared year-on-year by 21 per cent, dragging the average overall rent increase to 20 per cent. Those renting villas fared better with just a 10 per cent increase, but the impact of rent rises on Dubai’s cost of living is worrying for expats working in the city as...
30 Jul at 6 PM 2014

Pension Regulator warns of £5 billion pension unlocking scam

Crooks have conned pension savers out of a total of at least five billion sterling, according to an urgent warning issued by the UK Pensions Regulator. Experts warn the full amount may be far higher, as many thousands of vulnerable pension savers in the UK and overseas are continuing to fall victim to an ingenious variety of scams by unprincipled conmen. Cold calls, text messages, glossy UK-based websites, sales patter and the pushing of worthless investments are all part of the ammunition used to part pensioners from their savings....
29 Jul at 6 PM 2014

UK government inquiry told EU wide misselling redress needed

As complaints against the mis-selling of financial products soars across European states, a UK Parliamentary enquiry has been advised that an EU-wide mechanism for consumer redress is badly needed. Although EU law on consumer protection has been updated since the 2008 crash, redress for consumers with mis-sold financial products has remained the responsibility of separate member states. At the present time, the UK Financial Ombudsman is handling a massive number of claims relating to both banks and FA firms accused of ignoring due...
29 Jul at 6 PM 2014

UAE expat savings heading towards global property investments

It’s no secret that Western expats working in the UK are paid plenty enough to be able to invest for their futures, with many still favouring bricks and mortal via global property markets. Property as an asset class is regarded as a traditional and historically safe place to stash savings, offering good returns and little overall risk if the investment is carefully chosen. Whilst UAE government predictions of property price increases due to the upcoming EXPO 2020 may be shaky, investment in regenerated areas of Europe’s large...
16 Jul at 6 PM 2014

Expats enjoying the strong pound warned to watch out for fluctuations

UK expats living in the Eurozone and further-flung destinations are enjoying a boost in pension payments at the present moment, but are warned to watch out for future currency fluctuations. The global economic crash wiped a third off pension payments for UK retirees living overseas, but the ongoing British recovery has seen sterling soar against the euro over the last half-year. Economists believe the pound will strengthen further due to the European Central Bank’s preference for a weaker euro to support the rcontinental region's...
15 Jul at 6 PM 2014

Skipton offer expat buy to let mortgages on selected UK properties

Skipton International, the offshore Channel Islands base of the well-known high street building society, is now offering expat mortgages on UK buy-to-let properties. Including UK buy-to-let options in expat pension planning has traditionally been tricky for those requiring mortgages, but the recent rise in UK property prices has encouraged a few offshore banks to offer the service. Skipton is the latest to jump on board with its plan for UK citizens living and working overseas. The scheme is available to native UK citizens only,...
10 Jul at 6 PM 2014

British cities surge up rankings of most expensive world locations

The strengthening of sterling and the soaring cost of property have sent leading UK cities soaring up the latest ‘expensive cities’ survey. London, Belfast, Aberdeen, Glasgow and Birmingham have leapt up the latest world city cost of living survey, with London now the 12th most expensive world city for expats. The capital was 25th in last year’s survey, and the house price explosion is considered to be the main reason for its re-rating. The study, commissioned by Mercers’, researched 211 cities worldwide as an aid to...
10 Jul at 6 PM 2014

British exodus from Spain replaced by Russian incomers

Changes in the Spanish tax regime have sent thousands of British expats scurrying back to the UK, only to be replaced by hordes of emigrating Russians. According to the Spanish National Institute of Statistics, the total number of foreigners resident in Spain dropped by an impressive half a million last year, firmly establishing the returnee trend. The massive reduction isn’t all down to emigration, as almost half a million expats gained Spanish citizenship in 2013. However, it’s obvious to businesses serving the UK expat...
7 Jul at 6 PM 2014

Expats in Thailand living with uncertainty after military takeover

Western long-term retirees and expats legally married to Thais are fearing repercussions to their visa statuses following the recent military takeover. The recent panicky departure of over 200,000 Cambodian workers back across the border has increased expat fears that immigration crackdowns may be expanded to include those on marriage and retirement visas. One English language newspaper recently published a plea on its postbag page from a concerned expat with a Thai wife and family. The writer asked why contributions to the Thai...