Expat Property Abroad News
Latest 10 news items tagged Property Abroad
10 Sep at 6 PM 2014
A recently-published research report by Bank of America Merrill Lynch (BAML) suggests that the price of a home in Singapore is likely to fall by 20 per cent over the next two years.
The bank believes that property
loan curbs and economic restructuring will continue to drive down house prices until at least 2016, and overkill on population policies will encourage the dominance of the country’s ageing population over an influx of younger expat workers. At the same time, holding back on relaxing property
measures may cause a negative...
9 Sep at 6 PM 2014
The liquidators of a sector of the Isle of Man-based Louis Group have revealed that millions of pounds sterling are missing from the accounts of the disgraced financial firm.
In yet another disastrous indication that the casino culture is alive and well in expat financial jurisdictions, the collapse of the company has resulted in losses to investors of at least £60 million. Just £10 million is left to be shared amongst the 700 people duped, many of whom are UK expats.
Most investors put in between 10 and 30 thousand pounds...
2 Sep at 6 PM 2014
Industry experts in Dubai are pushing for a re-run of the popular rent-to-own real estate
scheme which allows expats to put rental charges towards purchasing their chosen home.
Expatriate real estate
purchases have declined recently, due to stringent regulations including a mortgage cap introduced by the government as a way to cool down the emirate’s housing bubble. Reintroducing the rent-to-own plan with its similarities to an option contract is expected to return confidence to expat investors due to its try-before-you-buy nature....
21 Aug at 6 PM 2014
The rash of changes in international tax laws have caused difficulties for wealthy would-be expats, but the globe still holds a number of low-tax jurisdictions happy to accept large pension pots and savings.
A recent investigation revealed the top ten most tax-friendly countries based on actual tax rates, lifestyles, political and economic security and tempting expat packages for the wealthy or comfortably off. Many are idyllic tropical paradises, and several have tax rates as low as zero.
The Bahamas is an ever-popular refuge with...
15 Aug at 6 PM 2014
More bad news for British expat investors came with reports that Chancellor George Osborne plans to charge capital gains tax on the sale of expat-owned UK properties.
The new tax is supposedly aimed at wealthy foreigners investing in UK properties, but will hit hard on expat buy-to-let investors and those who keep a home in the UK. Over the last several years, UK property
values have boomed, and overseas investors have not been liable to capital gains tax on sales.
The official announcement of the tax change is expected to be made...
14 Aug at 6 PM 2014
Since the heady days of the 1930s, Rome and Italy have been favourites for expats searching for history, beauty and fantastic food and wine.
Living the dream in an Italian coastal resort or the wine regions of Tuscany has been the ambition of many Brits as they approach retirement age. Many have made the dream come true, but is it fading due to the effects of the 2008 financial crisis?
Italy is now in its third recession since 2008, with its GDP falling, unemployment still on the rise and net trade sliding further into negative...
14 Aug at 6 PM 2014
Even with Dubai’s high expat salaries and the country’s tax-free status, earning far more than back in the home country doesn’t necessarily equate with saving more.
The younger the expat arrivals in Dubai are, the less they consider that the higher salaries they’re receiving have anything to do with saving a proportion for the proverbial rainy day. In fact, a few years’ stint in the wealthy city of Dubia can set the average expat professional up with a property
deposit in the home country without having to trouble the Bank...
11 Aug at 6 PM 2014
Following the revelation that a large number of expats all over the world are cheating on UK welfare payments, investigations are now involving over 100 Brits in Cyprus
It seems that UK expats living in the Mediterranean’s favourite lifestyle hubs are taking advantage of welfare benefits to which they are not entitled. According to the Department of Work and Pensions, benefit fraud is costing the UK some £82 million every year.
The latest expat destination to be investigated is Cyprus, with 126 Britons now being asked...
1 Aug at 6 PM 2014
Expat pensioners living in Asian destinations are enjoying far better exchange rates than they were a year ago, but is the trend set to continue?
Britain’s strengthening recovery, rumours that the Bank of England is close to raising the base rate after its six years in the doldrums, and the European Central Bank’s growth policy have uplifted pension payments in Asia. However, expat pensioners are more at risk should a downtown occur than any other expatriate sector.
The 2008 financial crash and its resulting global recession...
31 Jul at 6 PM 2014
Dubai’s latest residential review noted that rents rose by 20 per cent over the last 12 months and warned of another property
The revelations in the latest Dubai property
review are causing concern over yet another property
bubble in the region. Apartment rents soared year-on-year by 21 per cent, dragging the average overall rent increase to 20 per cent.
Those renting villas fared better with just a 10 per cent increase, but the impact of rent rises on Dubai’s cost of living is worrying for expats working in the city as...