Expat Spain News

Latest 10 news items tagged Spain

21 Jun at 6 PM 2017

Mass exodus of Brits from Valencia as Brexit negotiations start

Around 20 per cent of the British expat community in the Spanish city of Valencia have already returned to the UK rather than wait to hear the results of the Brexit negotiations. The exodus has mostly taken place over the year following the Brexit referendum, headed up by a number of British expats who’d already decided to return home should the Leave vote triumph rather than endure several years of uncertainty. January 2015 figures from Britain’s National Institute of Statistics showed some 96,115 UK expats living in the Spanish...
20 Jun at 6 PM 2017

Brexit impact on expat property owners

Brexit negotiations are now underway, but a lack of first-hand information on the UK government’s position is weighing heavily on UK expat property owners in EU member states. Divorce talks between the UK and the EU are now ongoing, with Brexit Secretary David Davis stating the UK is seeking a ‘deal like no other in history’ – whatever that may mean. The plight of EU and UK expats is expected to be top of the agenda, but the effect of Brexit, whether hard, soft or somewhere in between is anyone’s guess. Fear of the unknown...
20 Jun at 6 PM 2017

Expats plight high on the agenda as Brexit talks kick in

EU expats in the UK and British expats living in EU member states are seeing their plight set at the top of the Brexit agenda. Britain’s EU divorce negotiations began Monday in Brussels, with both sides stating a reciprocal rights deal should be finalised as soon as is practicable. According to the UK’s Department for Exiting the European Union, securing the rights of both groups of expats is the country’s first aim. A spokesperson for the department told the media that ending the anxiety of four million citizens has always been...
16 Jun at 6 PM 2017

End of open skies agreement could hit British expats and the economy

British expats living in popular Mediterranean destinations are at risk of being stranded if flights to Europe are affected by Brexit. One Brexit issue which hasn’t had much publicity is the loss of the EU’s ‘open skies’ policy, which allows airlines operating from EU member states the right to fly over and to any other EU country without administrative problems. If a hard Brexit results from the negotiations, it’s possible UK-based low-cost airlines will no longer be able to operate. Ryanair chief marketing officer Kenny...
14 Jun at 6 PM 2017

Expat brain drain robbing British universities of top talent

Theresa May’s refusal to guarantee the right to remain for EU citizens has sparked an expat exodus from the field of education, including Britain’s top universities. Now being referred to as the ‘expat brain drain’, top talent reaction to the threat of compulsory post-Brexit rehabilitation to the home country is to leave on its own terms rather than wait for the seemingly inevitable. Whilst experts are predicting the IT, engineering and financial services sectors will be worst affected, a number of the UK’s premier education...
8 Jun at 6 PM 2017

Expats in Spain warned about house insurance companies underhand methods

Expats in Spain are up in arms about tactics being used by house insurance firms, with some claiming the methods used to prevent clients changing companies are underhand House insurance is one priority which the majority of expats take seriously, but recent reports claim the methods used by some companies to prevent clients leaving are underhand at best. Online complaints about the problem aren’t confined to those living in Spain as it seems expats in other European countries are also affected. In Spain, insurance companies...
7 Jun at 6 PM 2017

Expat retirement haven options shrink due to Brexit

Although the looming shadow of Brexit may well have killed retirement dreams of Mediterranean sunsets, there are still value for money destinations overseas. One thing Brexit hasn’t destroyed is adventurous British would-be expats’ dream of a retirement overseas, it’s just meant their choices of destinations may have to change. A slower pace of life combined with better weather and a reasonable cost of living can still be found, even in non-EU countries. A new study reveals the most common reason for retiring outside the UK...
6 Jun at 6 PM 2017

Cyprus Golden Visas popular with wealthy Chinese and Russians

Whilst its everyday expat community fears the effects of Brexit on their lives, Cyprus is raking in billions by selling Golden Visas to wealthy Chinese and Russians. Cyprus is just one of the 27 EU member states offering visas for cash to wealthy investors from across the world whilst its established expat community fears for its fate post-Brexit. Last year, the Golden Visa scheme enriched the government’s coffers by no less than four billion dollars, a huge 25 per cent of the country’s gross domestic product. The Cyprus...
2 Jun at 6 PM 2017

Brit expats at risk of undeclared cash tax penalties

As a result of a new global transparency drive, financial data related to British citizens living overseas is to be sent to HM Revenue and Customs by world financial centres. HMRC is preparing to receive the data this week as part of a coordinated global attempt to crack down on tax evaders, but innocent British nationals living abroad with no intention of avoiding tax may well be caught up as a result. Many thousands of expats holding undeclared savings accounts may find themselves being issued with penalty notices once their details...
31 May at 6 PM 2017

Expats returning from EU countries expected to cost NHS a billion

NHS treatment for the many thousands of UK expat retirees returning to Britain post-Brexit is expected to cost a billion sterling. At present, the reciprocal agreement over reduced-rate or free medical treatment offered to British pensioners living in EU countries is costing the UK some £500,000. Experts are now predicting the full cost to the NHS of providing healthcare to around 190,000 former expat retirees post-Brexit will soar to around one billion. In addition, increasing drugs costs and a shortage of nurses and social care...