Expat Property Abroad News

Latest 10 news items tagged Property Abroad

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...
20 Jul at 6 PM 2016

Survey suggests ten best comfort zones for overseas retirement

Retirement overseas means different things for different people, but the essentials remain the same when searching for an affordable comfort zone. Given the political chaos spreading across the Western world, it’s no surprise that more and more people are looking for an escape hatch to exotic climes. Essentials aren’t likely to be as they were in the home country, but neither are the stresses of living in uncertain times. Affordability as regards cost of living and real estate, acceptable, accessible health care, low crime...
18 Jul at 6 PM 2016

Expat renters in Dubai turning to property purchase

Newly constructed, affordable properties in Dubai are persuading expats in tenancies to take the plunge and buy a home. Ever since Dubai became a magnet for expat professionals, renting an apartment has been the norm due to the transient nature of relocations. Although rents are comparatively low at present, an increasing number of Western expats are becoming aware that buying an apartment or villa makes more sense in the long run as well as protecting from inevitable rent rises in the future. The availability of affordable housing...
15 Jul at 6 PM 2016

UK insurers pull out of expat health and life insurance

A recently-released survey of UK insurance companies has revealed that only 16 per cent now offer expat life insurance and only 8 per cent offer critical illness cover. The annual Expatriate Insurance Survey’s results make it plain that high-street insurers such as Friends Life, Aviva and Legal and General now have no interest in servicing expat life and health insurance needs. According to authors of the survey, Unusual Risks, there are a number of British expats’ groups with UK property, tax interests or outstanding mortgages...
14 Jul at 6 PM 2016

Irish expat in Spain awarded MBE for her expat property rights campaign

Maura Hillen is a heroine to over 500 British expats whose properties were demolished after being declared illegal during the infamous Spanish property scandal. As leader of the Abusos Urbanisticos Almanzora NO! (AUAN) campaign, Maura fought at national, regional and local levels for the rights of those who’d purchased Almanzora Valley homes in good faith. The majority of home-buyers in Almeria province were British retirees who’d made the decision to sell their British homes and relocate to Spain. The buyers later discovered...
11 Jul at 6 PM 2016

Dutch expat con man reputedly linked to major Netherlands crime family

Expat havens the world over have their share of dodgy characters ready and willing to defraud other expats of their hard-earned savings, but this Costa del Sol con man may be unique. Exposed recently by Spain’s leading expat newspaper, Jan Brinkman has been busy ripping off fellow expats as well as locals with tall tales of ultra-rewarding investments. One such, Marbella-based movie stuntman Peter Wicke, was targeted by Brinkman as he searched for investors in his new Movie Television Productions International company. Brinkman...
11 Jul at 6 PM 2016

Brexit fears disregarded by Brits still heading for France

In spite of the uncertainty of their future in France, would-be UK expats and those recently arrived are not about to change their minds as regards their preferred country of residence. Whilst expats already living across the Channel are having problems digesting the possible future effects of Brexit, many who’ve already made the decision to leave the UK are sticking to their guns and changing their plans to suit the circumstances. Notwithstanding the fall in sterling, tearing up their long-held dreams is definitely not an option....