Expat Property Abroad News

Latest 10 news items tagged Property Abroad

24 Feb at 6 PM 2017

Expatriates deserting Beijing for commuter belt small towns

Rocketing real estate prices, overall cost of living increases, poor air quality and the chaos of the massive Chinese capital are resulting in an expat exodus to commuter belt towns 30kms and more away. For many Western expat working in Beijing, the city’s soaring cost of living is becoming unsustainable on average wages. The giant city is surrounded by smaller commuter belt towns with a more peaceful ambience and laid-back lifestyle. For many, the move means a three-hour commute, but most believe it’s well worth it as they have...
23 Feb at 6 PM 2017

Cambridge University database to inform UK expats on Brexit progress

As a much-needed response to confusing media coverage and the lack of concrete information from the UK government, Cambridge University researchers are creating a factual information database aimed at keeping UK expats in the EU informed about the Brexit process. The new initiative will contain reliable and timely information in order to prevent UK expats making the wrong choices for their futures after Britain leaves the EU. It will be primarily aimed at retirees, small business owners, students and families living in EU member...
22 Feb at 6 PM 2017

Expat property investors routinely rejected by UK mortgage brokers

At a time when sterling is falling against a basket of foreign currencies, British expats wishing to invest in UK property are being routinely refused mortgages. The recent sharp rise in interest in UK properties by British citizens working overseas is being fuelled by the falling pound and is resulting in increased interest in cheaper areas outside the capital. However, the opportunity to invest is being stymied by the difficulty of obtaining mortgages for buy-to-let real estate in the UK. Enquiries from overseas buyers including UK...
20 Feb at 6 PM 2017

Singapore scores as favourite UK expat professional destination

The city-state of Singapore is again hitting the headlines as the best destination for relocating expat professionals. Singapore has long been a hub for UK expatriates seeking high salaries, first-world amenities and opportunities to develop their careers, and is a high scorer in related surveys as a result. The latest survey by an international removals specialist company rated the city-state as number one of 18 destinations, triumphing over Canada and Australia in second and third places. Chart-topping reasons for Singapore’s...
14 Feb at 6 PM 2017

Spain concentrating on wealthy investors to replace UK expats

Serious concerns about their post-Brexit positions in Spain are forcing an increasing number of UK expats to sell their homes and relocate. The double whammy of Brexit and the falling sterling exchange rate is resulting in many UK expats being forced to give up their chosen lifestyles and sell their Spanish homes. Since the referendum result was announced, rreal estate agents have enjoyed a bonanza, with sales in Malaga up by 16.5 per cent and record numbers of completed transactions on the Costa del Sol. Driving the rush to...
10 Feb at 6 PM 2017

Financial mistakes to avoid when emigrating

Moving overseas, whether it’s for a new job or retirement, is challenging at best and terrifying at worst, but care and common sense can make sure financial errors don’t ruin the entire experience. The majority of those intending to stay overseas for a good while are stuck with the necessity of packing and shipping their personal belongings.The obvious way out of this stressful do-it-yourself trap is to use a professional company which takes care of everything on a door-to-door basis, even although the service isn’t cheap....
8 Feb at 6 PM 2017

The challenges of expat relocation to Sweden

Sweden may not be the most popular expat destination as it has its challenges as well as its charms, but its quality of life is one of the best on the planet. As an expat destination, Sweden tops international survey rankings in the majority of sectors including the all-important global competitiveness and quality of life. However, relocating to this stunningly beautiful country has its challenges as regards culture, bureaucracy and a number of practical issues. Irish expat Anne Pihl runs her own relocation consultancy based on her...
8 Feb at 6 PM 2017

Brexit, austerity and rising taxes likely to increase number of UK expats

Whether Britain faces a hard or soft Brexit, the consequences may drive yet more UK citizens to emigrate overseas. A recent report from the Institute for Fiscal Studies predicts the UK’s tax burden will hit highs not seen for 30 years, causing extended austerity measures, spending cuts and punitive new tax laws. Balancing the nation’s books is likely to take the rest of the present decade and expand into the following ten years with no respite from public hardship. According to the report, balancing the budget deficit will...
6 Feb at 6 PM 2017

British PM closer to deal on UK expat rights in Spain

Last Friday’s meeting between Theresa May and Spanish PM Mariano Rajoy is giving hope to over a million British expats at present living in Spain. The brief meeting in the Maltese capital Valetta during the EU summit gave the two leaders an opportunity to discuss the fate of an estimated 1.2 million British citizens now living in Spain, many of whom are retirees. Several press reports state Rajoy is in favour of an early agreement to set minds at rest. According to a Downing Street spokesperson, reciprocal rights were discussed,...
3 Feb at 6 PM 2017

Italy opens doors to wealthy post Brexit expats

In a response to the probable realities of Britain’s exit from the EU, Italy is offering hi-so Britishers tax-free status as residents. Soon after Portugal put in a claim as a haven for wealthy Brit professionals and loadsamoneyed retirees, Italy has joined the rush to provide tax-friendly destinations for disenchanted Britons fleeing a post-Brexit disaster zone. Italy’s offer only applies to the few who can meet its strict criteria, but includes Italians as well as nationals of any foreign country. Candidates must have lived...