Expat Property Abroad News

Latest 10 news items tagged Property Abroad

11 Jun at 6 PM 2019

New expat arrivals in Malta deliberately overcharged for utilities

Expats living in Malta and using pre-paid electricity meters are being illegally overcharged. According to the EU Nationals Advisory Group, a good number of expats on Malta with pre-paid meters are now being charged in excess for their electricity. The regulatory body has informed head of the advisory group Patricia Graham that current legislation disallows electricity sub-metering as well as pre-paid meters. Each unit, according to Graham, has to be billed and metered by Enemalta, with charges calculated via 10.47c for first until,...
5 Jun at 6 PM 2019

British taxman hits out again at expat property investors

New HM Revenue and Customs rules bring bad news for expats selling UK investment property. In addition to plans now being instigated to scrap lettings relief, a capital gains tax benefit for expat landlords worth as much as £40,000, the UK tax office is considering a proposal to cut tax relief for those selling a rental home they’ve lived in as their main home. In addition, the 18-month final tax-free period is being reduced to a duration of nine months, meaning expat landlords will be forced to pay nine extra months of capital...
29 May at 6 PM 2019

Expat quality of life now depends on personal safety

If finding the best possible expat quality of life as well as a shot at career enhancement is your goal, a recent survey lists the top ten world countries, eight of which are in Europe. The top three world cities for a comfortable expat experience are all in European states, with Vienna taking the top spot followed by Zurich and Munich. As a whole, Europe is the best region for expat quality of life due to its expert healthcare, childcare provisions, cultural offerings and entertainment. Infrastructure and real estate are also...
23 May at 6 PM 2019

Specialist buy to let lenders cracking down on tax avoidance

In a new move, lenders specialising in buy-to-let mortgages are now refusing loans to landlords suspected of tax avoidance. A leading property investment lender now fears beneficial interest mortgages may be in breach of HM Revenue and Customs’ rules on tax avoidance and are cracking down on landlords as a result. These specialist mortgages involve the transferring of a rental property’s legal ownership to a limited company whilst retaining full control of proceeds from sale and profits on rentals. Professionals in the sector are...
22 May at 6 PM 2019

Expats in Dubai moving towards home ownership

Expats in Dubai are moving away from renting a property towards becoming home owners. Over the past few years, a shift in sentiment from renting to actually owning a home has been gaining ground in the expat community, aided by governmental reforms and lucrative offers by developers. Real estate agents serving the expat community are seeing the move towards home ownership as the seal of approval by professionals progressing in their careers and adjusting to living the Dubai lifestyle. Although there’s been a fall in off-plan...
22 May at 6 PM 2019

Thailand’s expat housing market hits the skids as unsold units multiply

Thailand’s glitzy capital now has a glut of unsold condo units. As the Thai economy begins to stutter and restrictions on mortgage lending kick in, property developers are being left with falling prices and just 55 per cent in take-up rates. Real estate agencies in the city as well as developers seem to have been caught unawares by a lack of buyers due to world instability and bad press as regards the Kingdom’s view of foreigners and expats in general. In addition, the Chinese investors who’ve contributed to the previous...
21 May at 6 PM 2019

Some Spanish towns and villages now have more Brits than locals

It has to be said that not all British expat retirees want the stress of learning Spanish and adjusting to a different culture. Expat retirement for many UK citizens isn’t about a totally new language and lifestyle, it’s simply about a better climate enjoyed amongst other like-minded Brits in a supportive community. As a result, a number of Spanish towns and villages have found themselves becoming Little Britain, a home from home for a sizeable number of expats. Whether or not more conventional expatriates agree with this stance...
20 May at 6 PM 2019

Expat investors in Spanish property may lose tax breaks

Spain’s recent election results may pose a threat for expat property investors. Due to the inconclusive result of last month’s Spanish general election, expats looking to buy Spanish property as an investment may lose their tax breaks. The winning political party PSOE wasn’t able to form an overall majority government, and is now looking for support from the anti-capitalist Podemos party. Spain’s PM Pedro Sanchez has already promised a review of tax breaks available to landlords renting their properties long-term as the...
17 May at 6 PM 2019

Expats in Thailand mourn the passing of The Nation newspaper

Thailand’s daily English language newspaper The Nation is closing after 48 years. Expatriates in Bangkok are sad to hear their daily dose of local and world news in its traditional format is about to disappear, but may well realise it’s an inevitable part of the rise of the internet and social media as the planet’s sole news source. Apparently, the closure wasn’t unexpected and is a decision all traditional media outlets will face sooner rather than later, as costs grow, advertising revenue shrinks and the demographics of...
16 May at 6 PM 2019

Saudi Green Card attracts expat compliments and criticism

Whilst Saudi Arabia’s launch of the Green Card-style visa is being welcomed, expats’ questions need answers. The new Privileged Iqama residency scheme, now colloquially known as the Green Card, has been welcomed by the majority of expats as it allows permanent residency, property ownership and investment opportunities. A number of expats believe the new visa will prove a major attraction for the brightest and best, but others see flaws in its design. For example, one young software technician believes qualifiying candidates should...