Expat Property Abroad News

Latest 10 news items tagged Property Abroad

12 Aug at 6 PM 2016

Spain still hub for expat financial fraud

Despite all the recent publicity about unlicensed, unqualified IFAs scamming expats out of their savings, fraudsters are still targeting Brit retirees in Spain. A warning from Britain’s Financial Conduct Authority about the growing trend of pension scamming by unqualified IFAs overseas has highlighted a number of incidents in Spain. The danger of losing a lifetime's worth of savings has escalated since the change in UK law made it possible for savers to access their pension pots at age 55. Expats in popular Spanish retirement...
4 Aug at 6 PM 2016

Citizenship and financial tips for UK expats in France

Although the final impact of Brexit on UK expats in France is not yet clear, it’s best to take all the precautions you can to ensure your right to remain. Preparing well in advance for the worst scenario whilst hoping for the best is simply common sense, given the uncharted post-Brexit waters. The first step in ensuring you are able to stay in France is to apply for French citizenship, as there’s no indication as yet of any firm plan to extend the right to remain to British citizens, however long they’ve lived in France. French...
4 Aug at 6 PM 2016

Cyprus tax breaks lure expat property purchasers

Ever popular with British expats, Cyprus’s appeal isn’t just glorious weather, warm seas and great food, it’s capital gains tax breaks and other government incentives. The Cypriot government’s plans to attract even more Brits fleeing the UK’s oppressive tax regimes, endless rain and discontented population are centred around ways to make the most of expat savings and investments. Recent legislation allows foreign residents spending more than half a year or more on the island to become tax resident, thus avoiding the local...
3 Aug at 6 PM 2016

Oz expats returning home face property purchase problems

Post-Brexit blues and other European negatives are encouraging Aussie expats to go home, but increased property purchase red tape is blighting many plans. Traditionally, Australian expats working for companies in the UK and Europe are most likely to return home permanently during the last quarter of the year. Upheaval in the UK, Turkey’s instability and terrorist attacks in France have all combined to make thoughts of home irresistible, but Australian property enquiries have declined rather than accelerated. Brokers working for...
3 Aug at 6 PM 2016

Retired expats start businesses to stay in UAE

An increasing number of expats at the compulsory retirement age of 60 are starting up their own businesses in order to stay in the emirates. Recent reports show an increasing number of retirement-age expats are choosing to invest in businesses or starting free zone companies to ensure they don’t have to leave the UAE. The mandatory retirement age for expat workers in the UAE is 60 years of age, after which it’s illegal to stay in the country unless certain measures are taken. Setting up a consultancy company is one option, with...
3 Aug at 6 PM 2016

Heavyweight new group forms to support expat rights

Yet another new group has been formed in order to support the post-Brexit rights of UK expats living in EU member states. The latest group, Expat Citizen Rights in EU, was originally started by three British expats living in France. Retired media and marketing specialist Dave Spokes MBE spent most of his working life at the top level of the British government, and Brian Cave, a long-term expat campaigner, have joined forces with 95-year old Harry Shindler, veteran campaigner for retired UK expats. The group aims to put their...
27 Jul at 6 PM 2016

Buying real estate in Europe still the way to go

Whatever the final result of the Brexit negotiations, purchasing property in Spain and other European countries popular with British expats will still be possible. One fact that seems to have been forgotten in the post-Brexit chaos is that many non-EU member state nationals can and are still purchasing homes and holiday villas in EU countries. Even after the UK finally quits the EU, British buyers will still be able to live in EU countries, although there may be more stringent and expensive immigration and financial requirements....
27 Jul at 6 PM 2016

Expat workers in Qatar may be forced into retirement at 60

Qatar’s Ministry of Administrative Development, Labour and Social Affairs is mulling over the introduction of a mandatory retirement age of 60 years for expat workers. Following on from complaints by recent graduates that they were unable to find suitable positions in the emirate, the ministry is considering compulsory end-of-contract retirement for all expat workers. The cut-off point is expected to be 60 years. The move, according to Al Watan, would have the result of opening up employment opportunities in development projects to...
25 Jul at 6 PM 2016

No good news as Dubai expats prepare for the worst

With the expats’ promised land now failing to deliver, many long-term expat residents in Dubai are mulling over a return to their home countries. Although economic forecasts suggest the desert-based mega-city is better placed to weather the storm than its neighbouring emirates, the combination of the oil price crisis and the downturn in construction is hitting hard on expats as well as local businesses. Major foreign-owned companies linked to the oil industry are cutting jobs as clients scale back on projects, with removal firms...
22 Jul at 6 PM 2016

Post Brexit plummeting pound spurs surge in expat mortgage demands

Mortgage enquiries from overseas buyers as well as UK expats living overseas have surged since the Brexit result triggered a fall in sterling. Prospective buyers are emerging from Europe, the Middle East and the Far East, with the renewed interest in purchasing UK property down to five key Brexit-related issues. UK property has always been a popular form of investment due to the fundamental strength of the market, and is considered a relatively safe haven in uncertain times. The 50 per cent upswing in demand for UK mortgages is...