Expat Euro News

Latest 10 news items tagged Euro

19 Oct at 6 PM 2018

Cadiz car thieves steal Ford and take European tour

A British expat living in Cadiz got the shock of his life when attempting to sell his Ford Mondeo. When Elliot Higgins, now living in Cadiz’s Chiclana de Frontera, decided to sell his car, he couldn’t have imagined the consequences! After advertising the Ford Mondeo online, he received a reply from a couple requesting a test drive to ensure the car was as he’d described. Pleased with the swift response, he agreed and took the couple for a drive as requested. Having stopped to fill the tank, he couldn’t believe his eyes when...
16 Oct at 6 PM 2018

Southwestern France hit by devastating floods as storm batters Carcassone

Devastating floods in France’s southwestern corner have resulted in destruction and death. Thousands of residents were forced to evacuate, roads were washed away, hospitals were flooded and at least 13 people are known to have died after several months’ worth of rain fell in France’s Aude region during just a few hours overnight. This southwestern corner of France is popular with British expatriates as well as owners of holiday homes, many of which are in the rural areas surrounding Carcassonne. Rivers overflowed across the...
16 Oct at 6 PM 2018

Controversy surrounding Golden Visas causes calls for more control

Recent publicity surrounding the controversial subject of Golden Visas is resulting in calls for more control over their issuance. EU lawmakers are now calling for tighter controls over the so-called Golden Visa purchases of second passports and residential rights in exchange for cash. Major concerns about the second passport schemes are centred around the likelihood of money-laundering, especially since a spate of scandals concerning Malta, Estonia, Denmark and Latvia came to light. It has to be said that it’s not clear whether or...
15 Oct at 6 PM 2018

Andalusia now hotspot for UK pre-retirement property purchases

Andalusian real estate firms whose clients are mainly pre-retirement Brits cite change of lifestyle as the main attraction. According to leading agencies in the area, around 80 percent of British property hunters are looking for a holiday home which can become their retirement dream at a later date. In addition, the majority are looking to integrate into a typical Andalusian lifestyle. At the present time, the easiest homes to sell are those priced between 50,000 and 100,000 euros. According to Andalusia-based real estate agents...
15 Oct at 6 PM 2018

QROPS transfer tax revenues disappoint HMRC

UK expat pensioners might well be overjoyed to hear the controversial QROPs overseas transfer tax has been a bitter disappointment for the UK taxman. Her Majesty’s Revenue and Customs was expecting a welcome windfall when it introduced the unpopular transfer tax, paid by expat retirement savers on the transfer of their offshore pensions. The British taxman projected an influx of cash at around £65 million, but only 30 eligible transfers took place during the 2017/2018 tax year, netting the taxman a paltry £1.4 million in total....
12 Oct at 6 PM 2018

New German laws aim at helping UK expat workers avoid post-Brexit problems

Germany is making plans to simplify the lives of resident British expats during the post-Brexit transition period. As the British government struggles to get its own way over Brexit, German Chancellor Angela Merkel is working on a plan to make UK expats’ lives easier for at least a short while. Berlin is now drafting a new law which will allow British expats living and working in Germany the option of keeping their UK citizenship after applying for German citizenship for at least as long as the duration of the post-Brexit...
12 Oct at 6 PM 2018

HSBC survey rates Thailand lower than in 2017 rankings

A recently published HSBC survey ranks Thailand six points lower than in last year’s listings. Once one of the most popular destinations for expat retirees, Thailand has slipped still further in the results of the latest Expat Explorer survey, losing six points from last year’s results and finishing 21st out of the 31 countries whose rankings were released earlier this week. Expats rated property and general health highly, with disposable income also scoring well, but the final result was affected by low scores in a number of...
11 Oct at 6 PM 2018

Portugal Golden Visa programme nets four billion euros

Portugal’s Golden Visa programme has now benefitted the country by around four billion euros since its 2012 inception. The term ’Golden Visa’ tends to raise blood pressures in Portugal’s everyday expat communities and invariably attract negative comments, but they’re a great way for a country to fill its coffers with cash, wherever the funds originate and however they arrived in the country. A total of 6,500 second passports and residency rights have been granted, and the cash investment required has been mainly used to...
9 Oct at 6 PM 2018

Britons in Europe considering returning to the UK

Although it hasn’t had much in the way of press coverage, the decision to sell up and go home is being widely discussed within the British expat community across Europe. The discussions concern the fluctuating exchange rate, the uncertainty of the UK’s economy in the immediately post-Brexit future and the perceived value for money of UK property, as well as the likelihood of being able to survive in the UK on the measly state pension. At the present moment, the pound/euro exchange rate is hovering around 1.138, a significant 20...
8 Oct at 6 PM 2018

Meetup between Brit diplomats and expat campaign groups disappoints

Last week’s meeting in Madrid between leaders of UK expat anti-Brexit campaign groups and Britain’s Minister for Exiting the European Union Robin Walker seems to have been yet another unsuccessful attempt to clarify UK expatriate concerns. British expats living, retiring and working in Spain may well consider the sudden interest in their cause by UK parliamentary lawmakers is a perfect example of ‘too little, too late’. The meetup, held at the British Embassy in Madrid, involved Spanish business leaders, Spanish politicians...