Expat Property Abroad News

Latest 10 news items tagged Property Abroad

25 Mar at 3 PM 2015

Dual citizenship to be granted to Sri Lankan expatriates

A minister from the government said that, from Monday 23rd March, expatriate Sri Lankans would be able gain dual citizenship due to a new administrative procedure. Those able to take advantage of the new procedure will be those who have emigrated to Canada, the UK, the USA, New Zealand, Australia, Sweden, France and Switzerland. On Monday, John Amaratunga , the Minister of Public Order, Disaster Management and Christian Affairs, said there would be a Rs. 50,000 – 250,000 fee for the application procedure. Those wanting to be...
19 Mar at 3 PM 2015

Malaga’s property market revival being led by the British

Due to recent exchange rates, this year British citizens are predicted to start buying up even more Spanish property. Last year, compared to any other foreign nationality, more property in Malaga was bought by the British, which helped to cause a 28% rise in sales. Expats bought 38 per cent of the homes on sale. Over the last two years, property bought by foreigners in Malaga has nearly doubled, increasing to 9,000 in 2014 compared to 5,140 in 2012. Scandinavians came second after the British buyers, then French, Benelux buyers,...
8 Mar at 3 PM 2015

A third of migrant wives in Korea plan to return home

Thirty-five per cent of migrant wives from Southeast Asia and China living in South Korea have admitted that they eventually plan to return to their home countries. The Korean Women’s Development Institute surveyed a total of 534 migrant wives from China, Vietnam and the Philippines last year and found that 34.5 per cent said they had thought about returning home. Some 45 per cent of wives from the Philippines said that they had considered moving home – the highest proportion among the women. Around 33 per cent who have thought...
12 Feb at 6 PM 2015

Channel Island-based bank sees rise in demand for buy-to-let mortgages among expats

Expat buy-to-let mortgages are on course to surpass local lending at the Channel Island-based bank Skipton International this year after only launching midway through 2014. British expats looking to purchase property often have problems getting a mortgage, but Skipton reports that the expat mortgage scheme is recording the fastest new growth rate the bank has ever seen. Managing director Jim Coupe explained that since launching the expat mortgage programme in August, the number of applications and their combined value has already...
6 Feb at 9 AM 2015

Expat landlord in Spain wins court case against non-paying tenant

A British expat landlord in Spain has won a lengthy legal battle against a tenant who failed to pay rent for two years. Sixty-six-year-old Dave Lomas from Middlesbrough can finally breathe a sigh of relief after his non-paying tenant was ordered to move out of the premises in Campillos, southern Spain, by 10 March. This came after a two-year legal struggle in which Lomas fought for the tenant to be evicted. Lomas, who even staged a one-man protest outside his property in November, might have his home back but he is unlikely to ever...
23 Jan at 12 PM 2015

Greek expats angered at voting exclusion

Greeks abroad have admitted their frustration at not being allowed to vote as the southern European nation gears up for its general elections. Electoral regulations state that expats can only cast their ballots if they return home to do so, which for many is not possible. In the Belgian capital, Brussels, there are an estimated 20,000 Greek citizens, many of whom are becoming increasingly angry by the situation. One such person, 29-year-old economics and international relations graduate Nick, quit Greece in 2011 amid the...
13 Jan at 4 PM 2015

Spain: British expats wanted for ‘underpaid’ property tax

British expats who have purchased property in Spain at reduced prices in recent years may be told they have to make back payments on tax bills. Authorities in the Iberian country are currently looking thousands of property sales from the past four years and working out whether the costs were knocked down in order to make the sales. However, authorities in Spain can review sales prices years after properties are bought and decide whether or not they agree with the price. The Impuesto de Transmisiones Patrimoniales (ITP), known as...
7 Jan at 10 AM 2015

Ecuador tops list of retirement havens

The South American nation of Ecuador has been ranked the best place to retire abroad, with Latin American countries dominating the list. The International Living magazine’s Annual Global Retirement Index looked at factors such as cost of living, healthcare and climate in ranking a total of 25 popular countries among expat retirees on the overall quality of life offered. Although prices in Ecuador are on the up, there are still many excellent real estate deals available, according to the senior editor at InternationalLiving.com,...
16 Dec at 3 PM 2014

House shortage in Doha leaves expats facing huge rent increases

A shortage of housing in the Qatari capital Doha means expats will have to pay higher rent prices than they would do in other Gulf states, according to a recent study by global real estate company Colliers International. The fact the city has such a shortage has resulted in the cost of rent soaring to unprecedented levels – a rise of 14 per cent this year alone. And things are unlikely to get better for expats on Doha any time soon as the shortage is predicted to go on for at least four years. The average expat in Doha - not...
5 Dec at 10 AM 2014

Expats will not lose their tax breaks

Brits working abroad received some good news on Thursday after it was revealed that they would still be allowed to claim their personal tax allowance. Chancellor George Osborne said in March during his budget statement that the only people who may be able to retain their personal allowances in the future would be non-residents with strong economic ties to the UK, meaning how much income they could earn in the UK from a property or a pension before tax had to be paid. For the tax year of 2014/15, that level was at £10,000 per...