Expat Property Abroad News

Latest 10 news items tagged Property Abroad

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...
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

Kuwait begins crackdown on expat uni degrees and old cars

Kuwait’s manpower agency is to ban work permit issuance to expat university graduates arriving to take up jobs in the private sector unless they have good grade point averages (GPA). The ban is expected to help resolve the emirate’s demographic imbalance as well as benefiting its restructuring of the local labour market, with further plans to accredit and endorse expats’ degrees as a precondition to residency visa renewals also in the pipeline. Sources suggest the new rules are intended to ensure only highly-skilled and...
11 Oct at 6 PM 2018

Algarve hospitals risky for expat heart attack patients

If you’re planning to retire to Portugal and have heart problems, it’s best to avoid the Algarve. Portugal is a favourite destination for expat retirees from the UK due to its reasonable cost of living, good weather and affordable property, with the Algarve already home to a sizeable expat community. Unfortunately, one statistic which hasn’t as yet featured in either the British media or local papers is bad news for expat residents at risk of having a heart attack. A recent study has revealed as many as 30 per cent of heart...
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...
5 Oct at 6 PM 2018

South Korea to toughen health insurance rules for expatriates

The South Korean government is to revise the rules by which expats and Korean citizens living overseas access its national health insurance system. According to the Korean government, the toughening up of its national health insurance regulations is the result of the exploitation of loopholes in the system by expats, allowing expensive treatments to be provided for small payments. The changes will take effect from early this December, according to the Korean Ministry of Health. It would seem foreigners have been taking advantage...
5 Oct at 6 PM 2018

UK expats to be charged stamp duty on British property purchases

As part of a move by the British government to ease the UK’s worsening housing crisis, UK expat buyers of property in Britain will now be charged stamp duty. The reason for the extension of the unpopular tax to expat property purchases is the belief that non-resident British buyers are using house purchase purely as an investment, a move which is pushing up prices nationwide. Although the proposal has yet to go for consultation, it’s certain that expatriate buyers will be charged at a rate of between one and three per cent of the...
3 Oct at 6 PM 2018

Expat houseboat owners in Discovery Bay given three months notice

Enterprising expat professionals who’ve found a way to minimise their rental costs in Hong Kong are now being evicted. The marina in Hong Kong’s Discovery Bay is packed out with houseboats, many of which are owned by members of the city’s expat community. Around 180 families live on the water, saving money on Hong Kong’s sky-high rental charges and enjoying a unique way of life. Sadly, it’ll be over soon, as all have received totally unexpected eviction notices, informing them the Discovery Bay Marina Club will be closed...