Expat Buying Property News
Latest 10 news items tagged Buying Property
31 Jul at 6 PM 2019
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...
16 Jul at 6 PM 2019
After a week of dire media predictions concerning the near-collapse of Thailand’s tourist industry, one local English-language online newspaper is telling it like it is.
Traditionally, Thailand was the preferred option for both Western tourists and expatriates for its fascinating culture, ultra-friendly, welcoming local people, natural beauty and, crucially, for its affordability, all of which were plus points attracting huge numbers of Western tourists as well as retirees looking for an enjoyable life amidst warm weather. Over the...
1 Nov at 6 PM 2018
Expats now resident in the UAE are beginning to like the idea of property ownership.
A report from the online real estate portal Property Finder revealed the result of a recent survey, with 50 per cent of respondents who’d purchased homes over the previous six months now believing owning is better than renting. A further 33 per cent said now seemed to be a good time to buy. Those who’d purchased homes did so for financial reasons, as they were planning to stay in the UAE for at least three years or more and didn’t want to pay...
21 Jun at 6 PM 2018
For expats giving up and returning to the UK before Brexit, selling your Spanish home isn’t as straightforward as it seems.
Selling a property in Spain is tougher as regards bureaucracy than the process of purchasing. The easy part is finding a buyer, especially nowadays as the number of Brits buying property
and emigrating before Brexit kicks in ensures a steady flow of interest usually leading to a quick sale. It’s essential for sellers to have the help of experts in the legal process, but there are several ways in which the...
27 Dec at 6 PM 2017
Is the city of Bucharest as inexpensive as its reputation suggests?
Having enough money for a satisfactory lifestyle is a challenge for the vast majority of expats living in a foreign country. Researching the cost of living including renting a suitable property is easier now than in pre-internet days, but the downside of online reports is knowing which to believe and which to discard as just another advertorial. Bucharest is a good example, as many citizens live overseas for a while and eventually return, giving their comparisons of...
21 Oct at 6 PM 2016
Although apartments in China’s main cities are becoming more expensive, some expats are taking a chance on capital gains by purchasing now.
The Chinese government has recently eased laws governing expat property purchase, encouraging more long-stay expats to take the plunge and buy a home. Although owning an apartment gives a feeling of security, the first rule of property choice and purchase – position, position, position - still applies.
One couple who’ve been living in Beijing for a while began flat-hunting in 2014,...
31 Mar at 9 AM 2015
As the UK considers an exit from the EU, there is the possibility that the number of properties bought by Brits could plummet.
According to a recent YouGov survey, one in three Brits think that property bought overseas is a risky investment if the UK left the EU.
Finance Expert Jordan Tilley said that although recently the strength of the Euro has been sliding increasing against the Pound Sterling, this has not caused a buying frenzy of British property purchasers in Europe. He added that there is still much caution amongst British...
4 Feb at 6 PM 2014
Planning to retire overseas is an adventure which should be carefully planned, with buying property
abroad needing to be approached with care.
Investing in an overseas property as your retirement home is a dream held by most would-be expats, but the dream can easily turn into a nightmare if the right checks aren’t made. Buying into a development is the easiest way to settle, with most expat-savvy developers building to high standards, speaking English and even able to provide mortgages.
However, buying off-plan in most favourite...
31 Oct at 6 PM 2013
Expats with retirement savings or nest-eggs are constantly searching for the highest returns in their investments, but estimates provided by developers can be unreliable and contradictory.
Property investment is in the genes of most expats due to the history of homes bought for little and sold for much more in their home countries in the West as well as for the success of the buy-to-let property market. However, buying property
for profit in an unfamiliar country, especially if the proposed purchase is being sold off-plan, can be...
18 Sep at 6 PM 2013
As the escalating trend in EU states of offering residency to expat purchasers of upscale properties takes hold, Saudi’s high-earning expats are taking notice. At present, around five per cent of the expat high-earning elete are buying expensive European apartments in order to obtain residency permits.
Talal Samarquandi of the Jeddah Chamber of Commerce’s Real Estate Committee confirmed that the reason behind the purchases was to gain residency in a European country. The continuing weakness of the euro, he added, has also...