Expat Property Abroad News

Latest 10 news items tagged Property Abroad

20 Sep at 6 PM 2017

UK expat pensioners flock to Spain over last decade

Official statistics have revealed the number of British retirees in Spain has doubled since 2007. According to the Office for National Statistics, the total number of British pensioners choosing to spend their retirement years in Spain is now 121,000. The majority of new expat arrivals in the country are over 65 years of age, with official figures showing a corresponding increase in the number of British state pensions being paid to banks in Spain. In spite of the threat of a hard Brexit, the exodus of the UK’s elderly looks as...
19 Sep at 6 PM 2017

Portuguese government to tax expat retiree pensions

Portugal’s foreign retiree community’s pension payments are about to become taxable, according to the country’s Finance Minister. The introduction in 2009 of a special tax break for ‘non-habitual residents’ has seen an increase in Portugal’s popularity as an international expat retirement hub, but confirmation that the government is now planning to introduce a new income tax regime is certain to cause concern in the expat community. When quizzed by journalists, the Finance Minister stated the necessary amendment would be...
16 Sep at 6 PM 2017

Violent American wrecks British family dream of living in Spain

A British family planning to move to Spain for a better quality of life have reversed their decision after being attacked in Marbella by a maniacal American expat wielding a baseball bat. Property developer Julian Higgins, his Chinese wife Lydia and their two children Leo and Jasmine were all set to move to a new, more peaceful life somewhere on Spain’s Costa del Sol. Having noted the increasing spiral of violence in London, the couple decided the best way to keep their children safe and happy was to leave the UK, settle in Spain and...
14 Sep at 6 PM 2017

Expat retirees favour Ecuador for its varied options

Ecuador is still one of the most popular retirement destinations for expats, according to the latest survey. There’s a great deal of choice as regards retirement destinations for older expats determined to enjoy their lives in the sun, with Ecuador ticking most of the boxes and gaining yet another place in Expat Insider’s Top Ten listing. Whether the priority is beaches, vibrant city life, historic homes in the High Sierras or charming small towns on the mainland, retirees have been arriving for several decades. For beach...
12 Sep at 6 PM 2017

Looting and violence terrifying UK expats on British Virgin Islands

British expats struggling to get their lives back from Hurricane Irma’s catastrophic attack on the British Virgin Islands are now facing a state of anarchy. The hard-hit island chain is British Overseas Territory and home to communities of expat residents, many thousands of whom are struggling to survive in the aftermath of the storm. Winds of 185kms per hour have laid waste to property, schools and businesses, and residents are now facing violence and looting by men armed with knives and guns. British troops and recovery experts...
11 Sep at 6 PM 2017

Gulf State slowdowns affecting real estate sales

Dubai as a must-have for expat professionals might now be more affordable as its property market stalls. As economies in the Gulf States slow down, house prices and rentals are becoming more affordable for expats. Dubai’s developers are hoping to encourage incomers to invest in pre-sales in order to offset the fall in oil prices and currency problems. Standard and Poor’s earlier projection that Dubai rents and real estate priced would continue to fall over the whole of 2017 seems to have been accurate, giving expats the chance to...
8 Sep at 6 PM 2017

US expats heading to Ecuador for retirement

As it becomes increasingly difficult to fund an enjoyable retirement in the USA on the average pension or social security payment, older would-be expats are looking to exotic yet affordable locations such as Ecuador. Many are finding they can enjoy luxuries as well as plan a comfortable budget for necessities, and there’s lots to see and do in this rapidly developing country. Ecuador is a small country set on South America’s northwest coast, with its citizens enjoying a relaxed pace of life unknown to almost anyone living in...
6 Sep at 6 PM 2017

Expats in the Caribbean fear Hurricane Irma disaster

As Hurricane Irma barrels across its first landfall in the Caribbean at an incredible 190mph plus, residents, expats and tourists along its path are fearing for their lives. The chance of two ferocious storms hitting the USA within two weeks of each other is rare, with Irma already classified at category 5 and spreading widely enough to encompass both sides of the Florida peninsula. At present, it’s hitting hard on islands in the Caribbean, with residents and expats rushing to secure their roofs and battening down their windows....
31 Aug at 6 PM 2017

Britons still rushing to buy European real estate

Although there’s still no certainty about UK expats’ rights post-Brexit, increasing numbers of disenchanted Brits are opting to leave now and take their chances in Europe. Rather than the expected post-referendum fall in the numbers of Brits moving to European Union member states, there’s a rush to emigrate before the UK leaves the EU. It’s a ‘it’s now or never’ moment, based on hopes that their new country of residence will take pity on its expats and allow them at least to stay where they are rather than being forced...
30 Aug at 6 PM 2017

Expats in Houston bracing for even more water

Expatriates living and working in Houston are reporting Hurricane Harvey is the worst storm they’ve ever endured. The large expat community living in the Texas city of Houston are agreed the still present hurricane-spawned rains are a massive tragedy for the city and its residents, but are fully aware the flooding isn’t yet over. The city’s entire average annual amount of rainfall has drenched the city in just four days and flooded all areas, with billions of dollars’ worth of damage done to homes, businesses and...