Expat Property Abroad News

Latest 10 news items tagged Property Abroad

19 May at 6 PM 2017

Buying your expat dream home in Canada

Canada is a popular choice for expats from across the world, with many deciding to buy a home rather than rent. For new expat arrivals in Canada, buying a home is a long-term, cost effective option to renting. The purchase programme is reasonably straightforward, and there’s a great choice of varying locations with properties costing less than might be imagined. Non-residents as well as expatriates are allowed to purchase homes, making planning for retirement easier than in many other countries. Even so, house purchase doesn’t...
17 May at 6 PM 2017

Dubai offers expat property owners official online wills

Expats who are property owners in Dubai can now safeguard their investments by making use of an officially recognised online will. The new will allows expat owners of one to five properties in Dubai to make an online will safeguarding their investments and passing them on to beneficiaries after their deaths. Once the will is made, it needs to be signed by the property owner and registered with the emirate’s Dubai Wills and Property Registry. Qualifying to use the facility is relatively straightforward and is open to any...
17 May at 6 PM 2017

Oman considering loosening expat property purchase rules

Omani lawmakers are considering allowing foreigners living and working in the emirate to purchase homes outside the specially designated integrated tourist complexes. A recent article in the Oman Times quoted deputy chairman of the Majlis al Shura Mohammed al Ghassani as saying that changes in the rule disallowing expats from buying homes outside the designated complexes would boost the Omani housing market. The emirate’s housing sector has been hard hit by the fall in oil prices, with money flowing out of Oman as a result. Al...
12 May at 6 PM 2017

Expat tips for saving money whilst working overseas

Many would-be expats accept overseas positions as it gives a sufficiently increased salary to be able to save money during the term of the contract. One of the best reasons for moving to an overseas job on a fixed term contract is the opportunity to save a good deal of money due to an increased salary and benefits such as paid accommodation and schooling for your children. Many expat professionals return home with a substantial increase in their bank balance, but many more get caught up in a lavishly luxurious lifestyle, thus wasting...
8 May at 6 PM 2017

Avoiding expat property purchase pitfalls when moving overseas

Whether would-be expats are planning to invest in property as a retirement home, for buy to let or simply to benefit from rising prices, one thing’s for sure, purchasing overseas is a popular idea. No matter where in the world or for what reason property purchase is being considered, it’s essential to be aware of possible pitfalls as well as advantages. Taking advice from experts in the real estate and financial sectors is a start, but doing your own research both on and offline makes sure your eventual decision is the right one...
5 May at 6 PM 2017

UK tax reforms affecting expats put on hold until after election

Changes to the UK’s domicile laws about to take place have now been shelved until after the snap general election. The move to temporarily axe several clauses in the 2017 Finance Bill took place at the end of last month, by which time the new rules should have already been activated. Key clauses affecting British expatriates resident in Spain and other EU destinations were deleted from the 760-page bill, the longest Finance bill produced by any UK government. The domicile rules put on hold deal with income tax, capital gains tax and...
3 May at 6 PM 2017

Wealthy Brit expats can buy out of Brexit uncertainty

As the chance of finding a fair and just solution for UK expats in EU member states recedes still further, those with enough spare cash can make sure they're sitting pretty via a Golden Visa. As with much in the UK, Golden Visas are for the wealthy and are unobtainable due to their cost for the average British state pensioner who’s chosen to live abroad for economic reasons. As the reality of Brexit begins to dawn, those with gold-plated pensions and money in the bank will be able to choose between five already popular expat...
2 May at 6 PM 2017

French taxman to pay informers for info on wealthy expat tax avoiders

The French tax office’s new move to pay informers for details of wealthy expats who fail to report their tax residency is aimed at targeting international tax dodgers. Expats in France who aren't unusually well-off won’t need to worry, as the new laws are specifically aimed at wealthy foreign residents who spend part of the year in France and who have not declared themselves as tax resident. Tax officials have explained that rewards for informing on expats would only be given out if the information includes international scale...
1 May at 6 PM 2017

Alternatives to pension plans for disenchanted expat investors

Times are changing as regards planning for retirement, with actual pension plans beginning to lose their popularity due to government-initiated rule changes and media exposure of unsuitable products and even scams. DIY investment is a scary thought for many expat retirees, mostly due to its jargons and the need to study before taking major plunges. However, retirement doesn’t have to mean brain death, and researching into investment possibilities can be far more interesting than learning a new language. The added bonuses are saving...
28 Apr at 6 PM 2017

Fraudster couple in Spain steal expat rental deposits and flee to Italy

Expats living in Spain and Gibraltar are urging local police to act after a couple fled to Italy with expats’ rental deposits totalling thousands of euros. Convicted fraudster Natasha Lambert and her partner in crime Marco Molinari fled to Italy earlier this month to avoid furious expats who’d been cheated out of their rental deposits. Molinari’s La Linea-based rental property agency Tu Casa Click was the headquarters for the scam which robbed a number of cross-border expat workers of thousands of euros in deposits. Spanish...