Expat Property Abroad News

Latest 10 news items tagged Property Abroad

19 Apr at 6 PM 2018

Living the tax free high life in Dubai for expats

Dubai’s fame as a luxurious haunt for the ultra-wealthy draws internationally-minded expats willing to try their luck in the casino of Middle Eastern life. Dubai is one of the world’s most enticing no-tax destinations, attracting not just the cream of the expat professional crowd but also mega-wealthy entrepreneurs and global-minded individuals keen to exploit all Dubai has to offer. For expats, the lure of earning many times more than their salaries in the home country coupled with a tax-free status is far too good to resist,...
19 Apr at 6 PM 2018

How to avoid the pitfalls of emigration from the UK

British expats often leave the homeland for locations worldwide without calculating the emotional cost of adjustment and the financial cost of settling in an unfamiliar country. Falling in love with a country whilst on holiday is a major reason for many Brits’ decisions to up sticks and emigrate before they’ve any idea of the reality of living overseas. Considerations such as ease of travel back to the home country if necessary, local schooling for the kids, local shops and transport options and much more simply don’t figure in...
18 Apr at 6 PM 2018

Portuguese property prices no longer at bargain basement level

As the European housing market hots up, Portuguese real estate prices are showing the second strongest growth of all EU member states. Figures originating at Eurostat, the EU’s statistics guru, are showing the bloc’s real estate sector is still maintaining steady house price growth of around 4.5 per cent. Ireland recorded the largest growth percentage at 11.8, followed by Portugal at 10.5 and Slovenia at 10 per cent. Especially popular with UK retirees, a home in Portugal is now less affordable than in past years, with the...
16 Apr at 6 PM 2018

Cyprus golden visas spur huge hike in property prices

A new report has revealed the Mediterranean island of Cyprus is now a favourite location for expat property investors. The recently-released Cyprus Real Estate Marker Report shows real estate purchased by foreign buyers in 2017 has soared over the 2016 totals by 33 per cent. Limassol and Paphos were the most popular locations on the island for buyers from overseas, with purchases in the two regions making up almost three-quarters of the island’s total foreign transaction-related real estate revenue. Sales in Limassol were mostly...
13 Apr at 6 PM 2018

UK expats with second homes in France hit by huge property tax hike

Second home owners across France, many of whom are expats, are facing swingeing tax increases on their properties. Following his election, President Macron made it clear he would increase France’s tax d’habitation payable by all holiday and second home owners across the entire country. Paris, Bordeaux, Nice and Saint Jean de Luz have already taken advantage of the new tax law, doubling the charge in many areas. It’s not known how many second homes and holiday lets are owned by expats planning to eventually retire to France, but...
11 Apr at 6 PM 2018

Thai property developers competing to provide sheltered complexes for elderly expats

Thailand has been a popular retirement destination for some years, attracting Western expats from the USA and UK as well as from other first world countries. As with a good number of other world countries, Thailand is an ageing society due mainly to a huge fall in birth rates. It’s also an increasingly favoured destination for elderly expats looking for warm weather, good service and a reasonable cost of living. Healthcare is important, with private hospitals setting up to deal with the demand from both expat retirees and the ageing...
2 Apr at 6 PM 2018

Expats in Spain warned about Airbnb rental apartment scam

Expats and travellers are being warned about yet another Airbnb property rental scam focusing on Spain. Non-existent properties purporting to be on rental booking site Airbnb are being used to con expats looking online for Spanish accommodation. One luxurious central Estepona property discovered on popular e-commerce website Milanuncios during a media-led investigation seemed too good to be true for the price offered, and proved to be so as a result of the investigation. When contacted, the scammer asked for two months’ payment...
30 Mar at 6 PM 2018

Expat oligarchs in London risk being targeted after Skripal attack

For decades, London has been the refuge of choice for Russian oligarchs and their less than monstrously wealthy expat counterparts. Since the collapse of the Soviet Union, extraordinarily financially secure Russian citizens have used London as a safe refuge both for themselves and their money, with the diaspora hotting up over the past decade to include even middle-class Russians. Their 21st century lifestyle in the British capital bears no resemblance to that of the small, longstanding Russian community originally based around...
30 Mar at 6 PM 2018

IamExpat fair offers one stop shop for all expat needs

Expats in Amsterdam can access all they need at the annual April 7 IamExpat Fair. Voted the best of its type anywhere in the expat world, Amsterdam’s IamExat Fair is the answer to all expatriate needs in this increasingly attractive destination country. It’s the fourth outing for the event, which is now a much-appreciated feature on expat calendars across Europe. Its original aim was to link newly-arrived expats in the Netherlands with everything from service providers through accommodation to job offers, but nowadays it’s also...
30 Mar at 6 PM 2018

Demolition of expat homes in Spain still ongoing

Spain’s history of demolishing expat homes is repeating itself in Andalucía as another expat couple is denied retrospective planning permission after more than a decade. Retired British couple Noel and Christine Payne began their Andalusian house purchase in 2001, after visiting the local town hall and verifying the necessary construction permit would be granted. Some two years later, the couple obtained a license of first occupation apparently signed by Albox’s then mayor, Francisco Granero. The license stated the property in...