Expat Property Abroad News

Latest 10 news items tagged Property Abroad

19 Aug at 6 PM 2019

British expat single mother abused and intimidated by Cymergest administrators

A British single mother is now fighting to stay in her Costa del Sol home despite being harassed by lawyers. In the second case of this nature within several months, a single mother and her son are now suffering ongoing abuse by administrators of the development where she's living because she won her court cast against their sale of her home. Victoria Jenkins, her four-year old son and her husband left the UK to settle in Mijas in 2012, but her husband didn’t return after a business trip to Indonesia, leaving his wife and son Samuel...
19 Aug at 6 PM 2019

Expat conservationist voices grave concerns over massive power line installation in Albujarras

Expats and local protestors are still fighting over a power company’s plans to erect 362 massive pylons in one of France’s most spectacular areas of natural beauty. A local expat newspaper was the first to alert conservationists and nature-lovers to the threat of damage to the precious environment as well as to the protected species in the region. The paper’s ‘Fight the Power’ campaign recently attracted the attention of a British conservationist to the risks to wild life, especially bird species, should the installation in...
16 Aug at 6 PM 2019

Will expat Spanish property mortgages still be available post-Brexit?

In spite of the looming threat of a no-deal Brexit, Spain is still a favourite for second home purchases, with expat mortgages hopefully still available after October 31. Many British expats now permanently living in Spain bought a second home in the hope they could move permanently when retirement finally kicked in. Reasons included the reasonable price of property and the ease of getting a mortgage from a Spanish bank. Since the 2016 Brexit referendum, many have followed in the same manner, with mortgages still available and house...
12 Aug at 6 PM 2019

Expats warned about accruing debt in the UAE

In the home country, consumers who run up arrears in credit card or loan repayments don’t face jail or huge fines, although they may face bankruptcy. For expats and residents in the UAE, the laws are very different, as consumer protection laws don’t apply to those who’re less than careful with their finances. Banks are able and willing to apply to the local court to imprison a debtor until the amount owing has been paid. For locals owing unpaid debts, their relatives are expected to get the amount together and clear the debt,...
9 Aug at 6 PM 2019

Do British expats need a home country credit history to get a mortgage?

As British property prices fall due to the threat of a no-deal Brexit, many UK expats might be tempted to invest in a buy-to-let as a backstop for future residence if they’re kicked out of their present locations. One worry for those who’ve led a less than organised life prior to emigrating is the possibility of a prerequisite for a UK credit history as part of their mortgage application. The simple answer is a reassuring ‘no’, although a good credit record might be of use in getting a better deal as regards interest rates,...
1 Aug at 6 PM 2019

Greek island expats and visitors caught in 5.3 earthquake

A 5.3 strength earthquake hit close to the port city of Heraklion early yesterday morning, alarming resident expats and tourists. The strong tremor struck Crete as expatriate residents and summer visitors were having breakfast and follows on a similar quake felt last month in Athens. Centred close by Crete’s capital city and major port, the quake was recorded at an 80 km depth and caused violent shaking across the region. One local expat told reporters his entire house was shaking, with mirrors on the walls swinging from side to...
31 Jul at 6 PM 2019

Amsterdam conman targets more expats whilst awaiting trial for same offence

A property rental scammer on bail in Amsterdam whilst awaiting trial was arrested again last week for conning four more victims. The conman’s modus operandum was to target newly-arrived expats in the city via Facebook and other social media outlets by posing as a bona fide letting agent. He was first arrested at the end of last year after scamming a number of prospective expat renters, the majority of whom were expats. After viewing the properties, victims were offered rentals on payment of a deposit, a month’s rent and a...
31 Jul at 6 PM 2019

Brit expats in UAE taking advantage of sterling crash to repatriate savings

Due to the unprecedented fall in the sterling exchange rate, a good number of UAE-based Brit expats are sending money back to the UK. British expats living and working in the UAE are now moving savings and spare cash back to the UK, thus taking advantage of the worst exchange rate in a decade or more. As sterling sinks ever lower on the threat of a broken economy due to a no-deal exit from the EU, increasing numbers of British expatriates are cashing in on the once-in-a-lifetime opportunity. For British professionals who arrived in...
29 Jul at 6 PM 2019

Brexit not responsible for Spain’s decline as an expat destination

Are British expats no longer heading for Spain? For some decades, Spain was the chosen destination for Britons fed up with the home country’s weather, politics and soaring cost of living, but figures show the trend has been reversing since 2012. It’s much the same with expat arrivals from northern Europe, with numbers having declined by 25 per cent since 2011, and the fall in both sectors has had a negative effect both on Spain’s coastal region property market and its general economy. In addition, the drop in British interest...
26 Jul at 6 PM 2019

Dwindling high end rentals down to Bangkok expat relocations

As demand shrinks, partly due due to expats packing up and leaving, the Bangkok housing market is being forced to change its focus from rental apartments to single-owner homes for Thais. Previously, the rental supply and demand mechanism concentrated on larger, two-bedroomed condos suitable for expats arriving with their families to live and work in the city. Nowadays, companies are lowering their operating costs and saving money by not having to fund tuition fees for expat children as well as the high cost of maintaining a family in...