Expat Switzerland News

Latest 10 news items tagged Switzerland

1 Jul at 6 PM 2014

Expats in Cyprus win settlement in mortgage misselling scandal

The ongoing scandal concerning mis-sold mortgages on expat homes in Cyprus has affected thousands of property owners on the island, but now looks as if it’s coming to an end. Rather than risk a UK High Court judgment against them, the Cypriot Alpha Bank and a consortium of 20 property developers have settled all claims. The good news came just a day before the court hearing was due to begin, leaving the thousands of expats terrified of losing their homes hoping the nightmare is over. According to lawyers, part of the settlement...
17 Jun at 6 PM 2014

FATCA requirements forcing foreign banks to close expat accounts

The upcoming launch of the USA’s controversial FATCA reporting requirements looks set to result in the closure of US expat accounts world wide. For several months, reports have been coming in from various expat destinations about restrictions, difficulties and even account closures affecting US citizens living abroad, either in employment or as retirees. The latest and possibly the most damaging announcement came last week from Mexico’s major Banamex USA bank, informing all its US clients that their accounts are to be permanently...
13 Jun at 6 PM 2014

Expats warned to protect their savings as boiler room scammers are jailed

The two masterminds behind one of the biggest ever boiler room scams have been jailed for ripping off £millions from unwary investors. Jeffrey Revell-Reade and Anthony May were found guilty in a London court of conspiracy to defraud over a thousand investors. The total sum lost was estimated at around 70 million sterling, and sentences of eight and seven years respectively were handed down by the judge. The pair, based in Spain, ran a team of telephone salesmen targeting British pensioners using high-pressure sales techniques....
10 Jun at 6 PM 2014

London back on most expensive world expatriate cities list

A recent survey of the world’s most expensive cities for expat living has seen London once again listed in the top 50. ECA International’s latest survey revealed the UK capital’s rise of a full 40 points to 46th in the global rankings, its highest place since 2008. The cost of an average shopping basket of goods has risen by 3.5 per cent across Britain, with London prices still higher. According to spokesman for EEC International Steven Kilfedder, the major reason for London's jump in the ratings is the strength of the pound...
2 Jun at 6 PM 2014

Survey identifies overseas property trends in Spanish expat destinations

The survey, undertaken by an upscale property company with offices in 21 world locations, has identified Majorca as having the strongest price rises over the last year. Beating out even London’s trendy Chelsea and Westminster districts’ price rises, luxury Majorcan properties are being snapped up by wealthy Brits as well as non-EU citizens looking to benefit from the island’s Golden Visa offers. Purchasers of properties worth over 1.5 million euros qualify for permanent residency. Whilst real estate prices in Majorca soared...
11 Apr at 6 PM 2014

European Health Insurance Card fiction and fact

Expats from EU member states as well as travellers may well be aware of the benefits of the EHIC, but there’s more confusion over its use nowadays than at any time in its 10-year history. A recent survey revealed that over 50 per cent of those travelling with the card believed that it gives free emergency healthcare in any world destination. Many also believe that there’s no need to purchase travel insurance if you’re carrying the card. Myths about the use of the card can result in a medical emergency abroad becoming a...
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....
31 Mar at 6 PM 2014

New expat mothers in UAE hit by lack of family support

Doctors in the United Arab Emirates are advising expat families to give full support to new mothers in order to avoid the risks of post-natal depression. One in ten of new mothers suffer from post-natal depression, with expat families in the UAE being advised to keep a watchful eye out for the symptoms. The biological changes which take place during and immediately after the birth combined with other undiagnosed risk factors such as the stress of expat life in an unfamiliar location can make the onset of post-natal depression a real...
7 Mar at 6 PM 2014

Expats in Spain lose home demolition battle

After a two and a half year battle in the Spanish courts to save their homes, a group of expats in Zahara de los Atunes have been told their wooden properties are to be demolished next week. The British/Swiss group, all owners at the Costa de la Luz Atlantic Forest Park, are now suing a British developer for a sum of more than a million euros. Although their battle will continue, they are being forced to leave the development’s charming villas by 12 March, on which date demolition of the complex and clearing of the land for another...
25 Feb at 6 PM 2014

Kiwi dreams are tops for would be expats

With more than a million UK citizens choosing to live abroad and potentially a million more dreaming of following, New Zealand rates highly in a poll of the most desirable destinations. Recent research revealed that Britain exports as many expats as it imports immigrants, with over a million UK ex-residents celebrating global mobility by gracing migration hubs all over the world. The figure is expected to rise by over 20 per cent the next two years, with many hoping to be able to choose the traditional antipodean exit route and end up...