Expat Property Abroad News

Latest 10 news items tagged Property Abroad

13 Dec at 6 PM 2019

British expats in Andalusia facing reversal of ruling legalising properties

The Spanish government is reputedly considering reversing an Andalusian legal ruling allowing over 300,000 illegally built homes to receive AFO status. The scandal of thousands of expats duped into buying or having built properties connected to electricity and water but illegal under Spanish law had a disastrous effect, not just on those who’d been duped but also on Spain’s expat property market in general. However, a later Andalusian ruling allowed a good number of expat homeowners to register their properties and have legal use...
12 Dec at 6 PM 2019

Expats and Chinese fleeing Hong Kong have now discovered Portugal

The Portuguese capital of Lisbon is preparing to welcome increasing numbers of expats fleeing the Hong Kong riots. As the protests in Hong Kong continue and the chance of Chinese military intervention increases, expatriates as well as Hong Kong nationals are looking for ways out of the mess. Although Portugal is well-known as a retirement destination for British expat pensioners, it’s now getting a second string to its bow via its Golden Visa investment programme. According to real estate agents in the region, applications for...
7 Dec at 6 PM 2019

Expat parents overseas saving money on UK private education due to sterling fall

Whilst British expat retirees on state pensions are struggling to deal with the drop in purchasing power caused by the plunging pound, expat parents with generous salaries in dollars or yen can buy cut-price British private education. British private boarding schools are regarded as the world class gold standard for education, as are the top British universities, with parents all over the world competing for places. Given that sterling is now at a 34-year low, expat and overseas parents are now able to afford to send their kids to the...
6 Dec at 6 PM 2019

Oz property prices bad news for incoming expat professionals

Would-be expats are in favour of both Melbourne and Sydney, but soaring house prices are causing financial issues. Now that just about anywhere on the planet can turn into a favourite expat destination almost overnight, would-be career boosters and upscale digital nomads are making their choices on the basis of property prices. Australian expats overseas are claiming they’re there due to the expense of staying in the home country, and would-be expats from overseas are now bypassing any city experiencing house price bubbles. In...
6 Dec at 6 PM 2019

Expat and local SMEs move to Kowloon as Hong Kong closes down

As bankers and top expat professionals sit it out in Hong Kong, expat and local SMEs are planning backup offices across the harbour in Kowloon. Small businesses located in hotspots where the protests have been most violent are now looking to relocate to cheaper, safer Kowloon premises. Landlords of cheaper offices across the water are the most likely to benefit, with Kowloon Bay, Shek Mun and Cheung Sha Wan all inexpensive districts compared to Hong Kong itself. The economic slowdown caused by the seemingly never-ending violent...
3 Dec at 6 PM 2019

British expats fear Costa del Crime is back with a vengeance

Over 120 mafia-style international gangs are now operating across Spain’s Costa del Sol. Once infamous as a safe haven for British crooks, Spain’s Costa del Sol is now home to a huge British expat community, most of whom are retirees looking for a peaceful life in the sunshine. Tragically, over the past two years, the region has again become a hub for ruthless mafia-style gangs struggling to take over the highly lucrative drug-trafficking hotspot. The reasons for the huge increase in violent crime are purely geographic, with a...
2 Dec at 6 PM 2019

Dublin property prices dropping due to Brexit concerns

For would-be British expats considering a move to the Republic of Ireland, Dublin’s residential property prices are falling at last. Following the 208 global financial crisis, the Irish capital’s real estate prices increased rapidly to heights not seen for many years, discouraging both locals and expats from taking a chance on a purchase. The boom continued, with average prices last seen to be falling on an annual basis pre-2012. The latest figures from the Republic’s Central Statistics Office show house prices falling by 1.5...
29 Nov at 6 PM 2019

British demand for Spanish property soars as Brexit uncertainty continues

Alicante is set to benefit hugely from British Brexit blues due to huge uptick in property purchases. Now the Spanish province with the highest number of foreign house purchases, Alicante’s total number of homes sold in 2019’s third quarter saw just over 40 per cent going to expats – with Britons yet again getting the lion’s share. Overall across all the country’s popular expat destinations, British buyers accounted for 14 per cent of foreign transactions, with French buyers’ totals far lower at eight per cent and other...
29 Nov at 6 PM 2019

Sicilian village in a valley now selling its dilapidated homes for one euro

If you’ve finally had enough of the UK’s broken political system but can’t a afford a home overseas, this is for you! The latest little town to offer a dilapidated property for just one euro on condition of its full restoration is located amid the beauty of southern Sicily and is suffering from de-population as its young people are leaving for Italy’s thriving cities. Bivona’s local authority is asking for a deposit of just £2,100 and allows four years for a satisfactory restoration to take place. The charming little hill...
26 Nov at 6 PM 2019

Expat pensioners in Thailand facing triple whammy of high baht, falling property prices and soaring inflation

Expats forced to leave Thailand are finding themselves caught in a property sale trap. For an increasing number of expatriates in Thailand looking to leave for a less restrictive alternative or even returning to the home country, the property market slump is seriously bad timing. Many long-stay Western expat retirees who sold their homes and used the cash to buy a Thai condo or villa are now unable to keep up with immigration’s ever-increasing financial demands and are looking to sell or rent before giving up and trying somewhere...