Expat Spain News

Latest 10 news items tagged Spain

18 Apr at 6 PM 2014

New international health insurance gives expats freedom to roam

Hard on the heels of the possible withdrawal of overseas heath benefits for expats and travellers, a health insurance company has launched a cross-border medical insurance plan. A major medical insurance company is re-jigging its plans in order to give customers the freedom to cross borders without having to rearrange their health insurance or pay expensive globetrotter charges. Aviva is offering two plans, one of which excludes the Caribbean and the USA, whilst the other allows full world travel. According to the insurer, the new...
11 Apr at 6 PM 2014

Expats in Spain take to Twitter with their frustrations

Expat life in Spain, believed to be one long succession of sand, sea, sangria and sex, is taking a hit on Twitter, with foreign residents venting their frustrations online for all to read. ‘Only in Spain’ moments are being tweeted in all their often hilarious glory, with the expat lifestyle laid bare as being somewhat short of paradise. One of the most mentioned moans is common to those living in new developments, where the walls are so thin that residents can hear their neighbours’ bathroom and bedroom habits. A common...
10 Apr at 6 PM 2014

Wealthy Brits overseas rushing to buy into booming UK housing market

International buyers, including wealthy UK expats living in the UAE, France and Switzerland are rushing to take advantage of Britain’s booming real estate market and weak sterling exchange rates. A survey by a British bank has revealed that the boom in house prices in London and the Home Counties combined with a weak pound has attracted attention from an increasing number of overseas buyers as well as high-earning expats. Over a third of those surveyed were planning to purchase UK buy-to-let properties during the next two years....
3 Apr at 6 PM 2014

Over 20,000 UK pensioners desperate to leave Spain

A hard-hitting study has revealed that 20,000 UK retirees are desperate to relocate back home, but are finding it difficult to sell their properties. According to the survey, the main reasons for heading home are the rising cost of living when set against the low UK state pension, the strain of being apart from families in the UK and a lack of care homes for physically challenged pensioners unable to manage on their own. The survey also showed that, once those wishing to return have done so, the resulting strain on local authorities...
31 Mar at 6 PM 2014

British bank heavily fined by FCA for giving poor financial advice

Santander Bank have been hit with fines totalling £12,4 million by the Financial Conduct Agency for giving bad financial advice to its customers. After an investigation by the FCA revealed a list of misdemeanors, the high street giant was found to have failed to consider customers’ attitudes to risk when selling their products. In addition, it is also accused of a list of ethical business failures relating to general investment advice given by its salesmen. According to the FCA’s Director of Enforcement and Financial Crime,...
24 Mar at 6 PM 2014

Expats in Spain urged to make Spanish wills as well as UK wills

Uncertainty about the necessity of a Spanish will as well as a British will covering assets still held in the UK is causing controversy in Spain’s expat retirement havens. Given that a good number of expats living in destinations all over the world don’t have a will in either their home of their host countries, confusion over the issue in Spain might not hit the headlines as a major issue. However, Spanish inheritance and property disposal laws differ from their UK equivalents, especially in cases of complicated bequests. Quite...
21 Mar at 6 PM 2014

Free EU medical care for expats to end soon

Britons under the UK’s official retirement ages looking to emigrate to European sunshine destinations are about to lose their entitlement to free health care subsidised by the NHS. At present, UK migrants under the age of 65 or 60 for women who're migrating to popular destinations in Europe are allowed two and a half years of free treatment at overseas hospitals courtesy of the National Health Service. To obtain the privilege, UK residents are obliged to complete the S1 form guaranteeing them and their families access to free health...
17 Mar at 6 PM 2014

Can digital specialists protect expat investors from scamming salesmen

The recent news about a Brit expat in Spain's loss of almost all his investment through an FA’s recommendation of a sub-standard fund has persuaded the UK financial watchdog to employ digital specialists to protect investors. The unfortunate Briton managed with the help of ‘This is Money’ to get most of his savings back from deVere, the financial intermediary working with the fraudulent FA, although the company did not admit any responsibility. However, particularly since the LM disaster, a large number of expats across the world...
14 Mar at 6 PM 2014

Plunging currencies encourage Brits to purchase overseas

Strengthened sterling as a result of confidence in the UK economy’s recovery and falling currencies in troubled regions of the world have sent would-be UK expats on a bargain-hunting buying frenzy. Spain and France are at the top of most wish-lists, with the lower end of the Spanish property market still falling and entire abandoned villages on the market for less than a London garage. France’s real estate sector is still underperforming, and Greek property prices fell a further nine per cent last year. Surprise entries to the...
13 Mar at 6 PM 2014

Homesick Spanish migrants looking to return one day

Many thousands of Spaniards are now expats in foreign lands, having left to find work during the years since the economic crisis kicked in, but most are hoping for a swift return to their beloved country. Results of a recent survey have shown that a massive 82 per cent of Spaniards working overseas since 2008 are planning to return home within at least the next five years. Less than one in five of those polled have decided to stay in their host country. The Hay’s Guide to the Labour Market survey has revealed a direct link...