Expat Property Abroad News

Latest 10 news items tagged Property Abroad

23 Jun at 6 PM 2018

Life of Brit couple in Almeria wrecked by private zoo

A British couple living in Almeria have had their lives wrecked by their next door neighbour’s illegal zoo. David and Mandy Dibble bought a house in the Arboleas town of El Chopo 15 years ago, and live there for at least six months every year. Everything was fine until, some five years ago, their British neighbour sold his property to a German expatriate. Much to the couple’s horror, the man immediately began building cages on the property, usually on a Friday afternoon after the local council offices were closed for the weekend....
21 Jun at 6 PM 2018

Fears grow for expat insurances and pension as passporting rights issue ignored

The threat of losing access to pension payments and insurance coverage for UK expats in Europe is creeping ever closer as the crucial issue of ‘passporting rights’ continues to be ignored by the UK negotiating team. British expats resident in European member state countries have long been aware of the possible personal financial consequences of a hard Brexit, but as March 2019 creeps closer it’s obvious that Brits in the home country may also be affected. A number of insurers have already transferred their operations from the UK...
21 Jun at 6 PM 2018

Tips on selling your Spanish home if relocation is your answer to Brexit worries

For expats giving up and returning to the UK before Brexit, selling your Spanish home isn’t as straightforward as it seems. Selling a property in Spain is tougher as regards bureaucracy than the process of purchasing. The easy part is finding a buyer, especially nowadays as the number of Brits buying property and emigrating before Brexit kicks in ensures a steady flow of interest usually leading to a quick sale. It’s essential for sellers to have the help of experts in the legal process, but there are several ways in which the...
19 Jun at 6 PM 2018

Portuguese Golden Visa suspected as money laundering tool

Portugal’s Golden Visa programme is being condemned as a vehicle for money laundering via real estate purchases. NGO Transparency International is taking up on last year’s warning by Portuguese government allies by declaring the country’s Golden Visa scheme is simply a form of money laundering.The programme, introduced six years ago, grants Portuguese passports and citizenship as well as EU passports and member state privileges to wealthy individuals in exchange for hefty cash investments, usually through the purchase of upscale...
19 Jun at 6 PM 2018

ING and Citibank stop lending to OZ expat property investors

Aussie expat investors are being cut off from mortgages by an international bank’s Australian subsidiary. ING Australia has announced it will no longer offer mortgages to expat Australians wishing to invest in home country property. It’s the second international lender to cut off credit to expat borrowers despite increasing demand from wealthy Australian nationals living overseas, with Citibank announcing the same cut off earlier this week. Australian property news websites are reporting the reasons behind the move are the...
18 Jun at 6 PM 2018

Expats in UAE concerned over effects of interest rate hike

Expat professionals living and working in the UAE are worried about the effect on the cost of living of last week’s interest rate hike. Last Thursday’s announcement by the UAE’s Central Bank is the second this year, and is expected to impact borrowing costs including personal loans, car loans and mortgages. Businesses as well as residents will be affected, with expats working in cost-sensitive sectors such as tourism and the property sector showing increased concern. Large corporations with substantial loans will need to cover...
14 Jun at 6 PM 2018

Weakening British real estate market gives opportunities for expat buyers

With the UK housing market weakening and no sign of a rise in overall interest rates, now’s the time for expat investors to grab a bargain. As the busy summer house-buying period sets in, potential expat investors are expected to take advantage of lower expat mortgage rates and a generalised fall in house prices due to collapsing demand. Offshore financial firms are predicting a rush to buy from overseas investors not under constraint by domestic economic pressures in the UK. It’s clear now that the UK base rate will continue...
12 Jun at 6 PM 2018

Retired Brit expat arrested for starting forest fires in Spain

A retired British expat has been arrested and accused of starting last summer’s forest fires in Spain’s protected Puerto Mayor area. The unnamed 78-year old is believed to spend the summer months living in the region before returning to the UK for the winter, and was arrested after being discovered close by the origins of the fires holding a five-litre jerry can containing petrol, matches and several cigarette lighters. He is due to appear in court before a judge who will decide whether to release him on bail or hold him in...
11 Jun at 6 PM 2018

Strong Spanish property market down to Brits

It’s official – Spain’s property market is now as strong as it was in 2008. Up until now, Spain’s golden years for its property market were just a memory, thanks to the long-standing effects of the 2008 financial crash. However, according to the country’s Land Register, foreign sales in the first quarter of this year were higher by 13.2 per cent than at the same time in 2017, proving that a property in Spain is a strong investment no matter where the buyers are located. Even more encouraging, Britons still make up the...
7 Jun at 6 PM 2018

Buying your future UK home via an expat mortgage

For expats thinking of buying a home in the UK for retirement after their contract ends, getting a mortgage can be a challenge. At present, some four million British citizens are living overseas, with a good number preparing to return home once they’ve retired. One way of making sure there’s a home to go to is to purchase a buy-to-let property and tailor the rental lease to the end date on the overseas contract. However, if a mortgage is needed, the bureaucratic requirements can be more complicated than expected, with stumbling...