Expat Property Abroad News

Latest 10 news items tagged Property Abroad

14 Dec at 6 PM 2018

Brit expat community in Mijas forms Brexpat association

British expatriates living in Mijas, Spain, have started a Brexpats group with regular meetings aimed at discussing their concerns and fears. In the Spanish Costa del Sol town of Mijas, almost 20 per cent of residents are British expats, drawn to the region by the sunshine and the dream of a peaceful retirement – at least until the Brexit referendum result shattered their plans. Expat resident Meryl Elmusrati purchased her property in 2015, but just as she felt she’d settled in to her new life, the referendum result changed...
13 Dec at 6 PM 2018

Expats in UAE taking advantage of sterling falls

It seems Brexit isn’t bad news for everyone, as expat professionals in the UAE are repatriating cash at great rates. As the pound sterling continues its path downwards, expatriates working in the UAE are laughing all the way to their UK banks as they remit currency at the best rates seen since the 2008 financial crash. Even so, they’re now in a dilemma – whether to wait until the pound crashes still further or send money home using today’s attractive exchange rates. One insurance broker is holding off as he’s convinced...
12 Dec at 6 PM 2018

Brit expats in France warned about festive season burglaries

British expats living in France are warned to make sure their homes are secure due to the increased risk of burglaries over the Christmas and New Year period. Expat residents and homeowners are being advised to take special care over the festive season as regards protecting their homes against burglaries. Traditionally, most people spend more time than usual going out to events, spending time in the evenings with friends and families and shopping for presents and festive foodstuffs all day. Many homes are crammed with Christmas...
6 Dec at 6 PM 2018

Omanization bites as expats leave, but Golden Visa scheme unlikely to succeed

The introduction of Oman’s visa ban and its recent extensions seems to have encouraged unemployed locals to get jobs, but Oman‘s new Golden Visa scheme doesn’t allow expat citizenship. The aim of the expat visa ban was to vastly increase available jobs for Omanis as the emirate’s unemployment figures were at an all-time high. Since the visa changes were announced, the expat labour force has shrunk by four per cent, with the majority of drops seen in the financial, engineering, manufacturing, industrial and construction...
5 Dec at 6 PM 2018

Aussie expats take advantage of dollar fall to invest in upscale homes

The week Australian dollar along with the Brexit and Trump effects are being projected to merge into a perfect storm of upscale property purchases by wealthy expat Aussies. According to top-of-the-range real estate agents, the surge has already begun, with enquiries about prestige properties from Australian citizens living and working overseas now at a higher rate that at any time in the past five years. According to one, since the Oz dollar fell below 80 US cents, potential buyers are looking at an effective 30 per cent discount on...
5 Dec at 6 PM 2018

New expat arrivals urged to beware of Amsterdam property rental scams

Expatriates in the Netherlands are being warned about property scams after the arrest for fraud of an estate agent dealing in rental properties. Owner of the Fam Makelaardij and Accurakey rental housing agents Farhan Malik was arrested last month for defrauding a number of expat workers out of their deposits and advance rents paid to secure rental homes. Legal action against the fraudster is now being taken by the Amsterdam-based housing advice foundation Stiching Woon in order to help the recovery of house-hunting expats’ deposits...
4 Dec at 6 PM 2018

Portugal housing bubble bad news for expat retirees

According to a major ratings agency, house prices in Portugal will keep on rising. Portugal is still considered to be a cheap destination for expat retirees as well as for start-ups and digital nomads, but its ever-rising cost of accommodation may take the shine off its formerly well-deserved fame. For several decades, Portugal’s Algarve region has been the refuge of choice for British expats looking for a warm, inexpensive haven far away from the UK’s cold winters. Sadly, a report by Moody’s ratings agency indicates the haven...
4 Dec at 6 PM 2018

Expats in Saudi confused by so-called fake news

Business owners, real estate owners and expats in general are getting mixed messages about changes to the Saudi labour system. Several days ago, the kingdom’s newly appointed minister for labour and social development promised good news intended to ease the concerns of home owners, businessmen and expatriates living and working in Saudi Arabia. Subsequent leaks gave details of the upcoming announcements, including a cap on worker fees at SR400 monthly and the cancellation of the dependent fees due to increase annually for the next...
1 Dec at 6 PM 2018

Brexit causing grief to French villagers as well as Brit expats

Brexit is causing grief to the French residents of Alet les Bains, a tiny village in the south of France. The Alet les Bains British expat community may only be 60-strong out of 440 residents, but locals love the way they’ve looked after and renovated their homes, made friends with the locals and integrated into the tiny community. As Brexit looms even larger, villagers are afraid their English friends will be forced to return to the UK, leaving the place they’ve learned to love as much as do its French inhabitants. It has to...
1 Dec at 6 PM 2018

Brits expats still investing in buy-to-let

Brit expats working in Europe invest in London buy-to-lets whilst those working in the Middle East prefer North of England properties. Perhaps the aboveo is something of a generalisation, but the statistics come from a major UK buy-to-let mortgage lender dealing with British expat property investors across the world. Over the past few years, the buy-to-let boom has forced real estate prices higher across the UK and caused a price explosion in London and its suburbs, but it still shows no sign of slowing down. The survey breaks...