Expat Property Abroad News

Latest 10 news items tagged Property Abroad

21 Nov at 6 PM 2016

Advice for expat Brits on letting their Spanish property

British retirees in Spain are no clearer about their futures five months after the Brexit vote turned their lives upside down, but some may be considering moving back home after renting out their Spanish properties. As the myriad controversies surrounding Brexit continue, stress as regards the right to remain felt by UK retirees at present living in Spain is increasing exponentially. After the recent news that the Spanish property market is reviving in popularity, some may well be considering returning to the UK after letting their...
17 Nov at 6 PM 2016

Expat buy to let property investments soar since sterling fall

New research has shown a considerable increase in the number of British expats overseas investing in UK buy-to-let property. The surge is being attributed to the sterling crash following the Brexit vote. Skipton International, one of the few British financial institutions offering expat buy-to-let loans, has shown an 80 per cent increase in loan applications from UK expats working overseas. British nationals working in the Gulf States have been first in line to take advantage of the exchange rate, and are being followed by expats in a...
17 Nov at 6 PM 2016

Spanish property prices still rising after slump

After years of falling house prices and a diminishing market, Spanish property is regaining its position as a favourite with British expats. UK-based and expat home owners across Spain have been in the doldrums along with their property values for some years now, but are finally welcoming increases in both demand and realised sale prices. According to local real estate agencies, average increases are expected to hit 5.5 per cent during 2017, with demand increasing at a good rate. One agency has commissioned a report from an expert...
15 Nov at 4 PM 2016

Spain may be US expat answer to Trump haters

As the reality of the Trump dump hits in amongst disgruntled Americans, expat media worldwide is rushing to provide info on the best ways to escape. Canada and New Zealand were the first countries to see a massive increase in hits on their immigration sites, but Spain’s expat publications weren’t far behind in giving all-you-need-to-know articles on how to become Spanish. It’s not just the Brits who’ve already discovered the charms of Spanish life, as many Americans are already settled in the Costas and Spain’s larger...
4 Nov at 6 PM 2016

Expat havens for those who hate Trump and Clinton

Whichever way this horrendous US presidential election goes, there’ll be thousands of voters who simply can’t live with the results and decide to depart for politics-free havens overseas. At least 23 USA celebrities have already decided to leave should their favourite get trashed, and are happily scouting luxurious hideouts on private islands and other such hi-so haunts. Everyday Americans, however, may well have less extensive choices, mostly involving affordable overseas locations well south of Trump’s much vaunted Mexican...
1 Nov at 6 PM 2016

UK expats in Spain in perfect storm over falling pound

Whether on a pension or working for a fixed sterling salary, British expats in Spain have lost 17 per cent of their monthly money due to the post-Brexit sterling crash. Retirees from the UK who’ve saved all their lives to live in the sun may not have mortgage costs to consider, but private health insurance and utilities as well as property maintenance and suchlike are becoming increasingly difficult to fund. Employed expats with young families are in an even worse situation due to schooling costs. The obvious answer of selling...
31 Oct at 6 PM 2016

Brit expats in Spain lose holiday villa in secret auction

A holiday villa in Spain was sold to a neighbour in a private auction after she had complained her house was damp. A British couple have just 30 days to give up the keys to their dream retirement holiday home after the local authority sold the property in a private auction without giving the owners notice of the pending sale. Adrian and Margo Campbell bought the two-bedroomed villa in Tozar, Granada, many years ago when their children were young, and spent Christmases and holidays there. The unbelievable loss of the Campbell’s...
31 Oct at 6 PM 2016

Saudi allows real estate fund trading for expats

The Saudi Capital Market Authority Board has approved expat trading in the Saudi Bourse of Real Estate Investment Traded Funds. The go-ahead for the major change was given yesterday by the Authority Board, and covers ownership, management and operation of the publicly offered real estate investment funds. The units’ primary objective is to provide funds for residential, commercial or industrial real estate developments which give periodic income. Regulations include obtaining all licences and approvals necessary from the...
31 Oct at 6 PM 2016

Expats in Spain still at risk from fugitive fraudsters

In spite of endless warnings from Britain’s Financial Conduct Agency, local forums and the expat media, UK residents in Spain are still losing their savings and pensions to unscrupulous crooks. This week, one expat newspaper serving the Costa Blanca expat community posted news that Mark Acklom, named on the list of Britain’s most wanted fugitives, is hiding from justice in Murcia. The Olive Press investigation listed his crimes, cons, convictions and jail times along with the five aliases he used to scam an even greater number of...
28 Oct at 6 PM 2016

Falling pound sees US expats buying into British homes

As sterling’s weakness continues, expats from the USA are increasingly setting up home in the UK. British property 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...