Expat Property Abroad News

Latest 10 news items tagged Property Abroad

20 Jul at 6 PM 2018

Real estate purchase rules in China discouraging expat investors

Foreigners wishing to buy an apartment in Beijing or other major Chinese cities are being warned the process is anything but straightforward. For expats who’ve arrived in Beijing, found a job or started a business and are now thinking of buying an apartment, the process is tricky, complicated and takes a very long time, even although previous regulations regarding a stay of a year before an application will be considered are now removed. It seems the bureaucracy involved is putting off the vast majority of long-stay expats from...
19 Jul at 6 PM 2018

Buy to let curse hits Amsterdam property market

Along with a number of other global cities, Amsterdam is asking the UN to help with the issue of investor purchases of local properties. With the Dutch housing market at its highest level ever and demand exceeding supply, the Amsterdam authorities, together with New York, London, Barcelona and Paris, is begging the UN to help deal with the worsening situation. The problems are being caused by ever-increasing numbers of international investors buying up real estate in order to flip or rent at high prices unaffordable either by locals...
17 Jul at 6 PM 2018

Dutch property prices now at record high

House prices across the Netherlands are now at record levels, with the boom expected to continue. Long-stay expats who had the foresight to purchase a home several years ago are more than pleased with the house price rises over the last year or so. Figures for this year’s second quarter revealed a 10.4 per cent increase over the same period in 2017, although actual sales have declined considerably over the past year. At the present time, the average cost of a home in the Netherlands is around 288,000 euros, with a further increase of...
16 Jul at 6 PM 2018

Brit expat jailed in UAE for social media comment now released

A British expat jailed in the UAE for sending an electronic insult has now been released and is in a desperate state of health. Christian Wilke was accused of sending an ‘electronic insult’ via Facebook and was jailed as a result, but no-one seems to know why he was arrested in the first place and what Facebook post contained the alleged insult. After he’d spent nine full months behind bars, his mother Christine Wilke-Breitsameter managed to arrange for his freedom, announcing it on Facebook yesterday. Christian is a former head...
13 Jul at 6 PM 2018

New job new country new pension plan

If you’re switching jobs for more money and an expat lifestyle overseas, don’t ignore your pension pot. Next to property, a pension is possibly the most valuable asset the majority of people will have but, just like a home, it needs to be looked after. In the excitement of taking on a better job with a higher salary in a new overseas location, it’s not difficult to overlook the next move for your pension. If your new company has a pension scheme, checking its details against your present scheme’s benefits is a good start....
13 Jul at 6 PM 2018

French property market bargains for fleeing Brits

France has been a favourite destination for expat Brits for 150 years now, with its appeal even stronger since the Brexit referendum. There’s a historic familiarity to France for many aspiring expats, as it’s Britain’s nearest neighbour and still projects the glamour of Paris and the Riviera as well as the cosiness of rural villages just a few hours’ journey from the home country. Buying a second home for retirement or emigrating to start a business has been relatively easy up until now, but the Brexit boom of new arrivals...
12 Jul at 6 PM 2018

Expat exodus from Saudi prompts hiring crisis

The Saudi crown prince’s efforts to drag Saudi Arabia screaming into the modern world are laudable, but seem to be leading to an economic crisis of confidence. Many in the Kingdom see the programme as ambitious but unrealistic, especially those business owners affected by the Saudization plan responsible for a mass exodus of expat labour. Since the end of 2016, some 800,000 foreign employees have left for good and it’s proving almost impossible to get local citizens to fill the job vacancies. It seems the scheme to provide around...
11 Jul at 6 PM 2018

Are Dubai falling house prices a correction or a reduction

One of the major topics of conversation amongst expats working in Dubai is the emirate’s falling property prices. Some believe it’s a long-awaited correction in the expensive city, with others maintaining it’s simply a reduction which will reverse itself in the near future. Either way, it’s supposedly good news for potential expat property owners. Potential reasons behind the move downwards range from oversupply through lack of demand, a jobs market which is now struggling or difficult economic times. However, real estate...
10 Jul at 6 PM 2018

UK Golden Visa gives expatriates poor returns for rich investments

At first sight, London isn’t exactly the pinnacle of expatriate destinations, but for the mega-wealthy the UK’s Tier 1 investor visa is attempting to become the Golden Visa to beat them all. London’s disadvantages are many, starting with the weather, continuing with the extremely high cost of living, the disproportionate cost of property, the expensive, crammed transportation system and the endless traffic snarl-ups and ending with the failing public health system and the high levels of violent crime. In spite of all this and...
9 Jul at 6 PM 2018

Expat investors discover Brisbane real estate

Following a tough time in the sector, Brisbane’s real estate market is surging due to demand from expat investors. Over the past year, the Queensland capital has recorded a significant increase in the number of expat property purchasers attracted by bargain prices. Demand has risen by 6.7 per cent over the past 12 months, with real estate agencies reporting the vast majority of purchasers were expatriates. Houses in the upscale districts of Paddington, Indooroopilly and East Brisbane proved the most popular, with those looking for...