Expat Property Abroad News

Latest 10 news items tagged Property Abroad

2 Apr at 6 PM 2020

Elderly expats are being urged to make wills due to coronavirus risks

Fear of getting unlucky and catching the coronavirus has caused a sharp increase in the numbers of British expats making a will. For the majority of expats, making a will is one of the last tasks on the agenda after moving to a new country, especially if English-speaking lawyers are thin on the ground and the laws regarding inheritance are drastically different than in the home country. However, it seems the widespread pandemic has focused expats’ minds on the possibility of becoming victims, as the demand for wills has increased...
2 Apr at 6 PM 2020

Minister warns over DF pension transfer valuations due to covid-19 instability

For retirement savers and would-be expats hoping to switch their cash from a defined benefit pension to a QROPS prior to moving overseas, regulators have now announced a three month delay. Due to the coronavirus’s devastating and destabilising effect on the markets and property prices, regulators are having problems setting the correct transfer value and have announced a three-month delay to the normally fast process. Early last week, the UK pensions regulator published new guidance notes detailing the postponement of transfers not...
19 Mar at 6 PM 2020

Locals and expats in Spain join together to help those in need

As the effects pf the coronavirus pandemic continue to blight expats’ and citizens’ lives across Spain’s favourite destinations, there’s better news for those on regular prescriptions. Many expats and locals who’re on prescriptions for existing conditions have been worried about renewing them whilst on lockdown and unable to get to their local doctor’s surgery. Luckily, a local Facebook group known as Coronavirus in Andalusia has organised a safe way to get new medications, simply by calling the local health department and...
9 Mar at 6 PM 2020

Coronavirus hits hard on Thailand’s struggling hospitality industry

Expats and tourists are abandoning Thailand due to the coronavirus outbreak. Chinese visitors have been propping up Thailand’s tourist industry for a good few years, with package tourists from Wuhan arriving daily at all its visitor destinations. In addition, the Southeast Asian state’s real estate sector has benefited from Chinese purchases of condo units and houses in all favourite destinations including Bangkok. This year alone, the destination was expecting some 10 million Chinese visitors, but China’s ban on travel and the...
5 Mar at 6 PM 2020

N26 digital bank decision causing chaos for British expats in Spain

British expats in Spain with N26 digital bank accounts are rushing to change their registered addresses. The Germany-based relatively new expat banking service became popular amongst British expats in Spain due to its straightforward fund transfers, but the digital bank is now pulling out of the UK market. Brexit is the reason, and the change is due to close down some 200,000 UK-registered accounts. Many UK expats living, working or retiring in Spain still have registered UK addresses and are now rushing to change to their Spanish...
4 Mar at 6 PM 2020

Negative expat investment returns on prime properties now in reverse

Five-year negative investment returns on prime residential rentals in major world cities are now in reverse as the sector improves. Since 2014, declining rental yields on prime residential properties in major world cities have been disappointing expat investors, but the trend may now be in reverse as average yields have improved by 0.2 per cent and are now outpacing increasing property values. A survey by a leading international real estate firm identified Los Angeles as top of the tree as regards yields, with rental growth now at...
3 Mar at 6 PM 2020

Expats and locals stocking up on necessities as virus victim numbers increase

Locals and expats in Europe are stocking up due to fears of forced lockdowns or voluntary quarantines. As coronavirus cases continue to increase across Europe and the risk of contracting the disease is officially raised to ‘high’, expats and locals are raiding local malls and stores. Panic shopping is increasing across the continent, with stockpiling of necessities causing empty supermarket shelves. In Italy and France, governments have announced strict rules against public events, with get-togethers of over 5,000 in enclosed...
28 Feb at 6 PM 2020

Potential British expats queuing to purchase overseas property before it’s too late

Although Brexit is now as close as is possible to a done deal, would-be British expatriates are rushing to purchase property in Europe before the door finally closes. In spite of the continuing risk of a no-deal exit at the end of this year and the uncertainty of future rights, Brits are rushing to buy bolt holes in mainland European Union member states. Unsteady or unfavourable exchange rates notwithstanding, the importance of getting out from under a disaster in the making is causing an unexpected exodus. European realtors and...
24 Feb at 6 PM 2020

Homeless expats in Spain start petition for universal payments

Homeless expats in Spain use their experience to help others. Retirees heading for a new life in Spain after selling their UK home may believe they’re set up for the rest of their lives, but experience shows disaster can strike through no fault of their own. One expat couple who’d emigrated from the UK lived the dream for a full 17 years before it crashed in ruins, leaving them homeless and desperate. Recently, Vivian and John had planned to move house after selecting a new rental property but, after they’d given up their...
23 Feb at 9 AM 2020

Taking a chance on buying a holiday home in Thailand

If you’ve visited Thailand a few times and are considering the purchase of a holiday home, it pays to check out on the many recent changes as regards cost of living and visas. From beachfront condo units, gated community villas and even hideaways outside farming villages, the romance of a home in Thailand has kept expatriates arriving and purchasing for several decades. However, for many, things may not be all they seem due to the many changes which have taken place since the military government installed itself via a coup. It’s...