Expat Money News
Latest 10 news items tagged Money
19 Nov at 6 PM 2018
As popular European destinations become more expensive and less accessible due to Brexit, UK retirees are being urged to consider crossing the Atlantic and heading south!
Whether it’s Brexit, diminished savings due to the financial crash or poorly-advised investments, an increasing number of British retirees are fearful their monthly pensions won’t cover their expenses in the UK or in Europe, especially should private healthcare insurance become mandatory. Dream retirements after a lifetime of work definitely shouldn’t include...
19 Nov at 9 AM 2018
British expats relocating to the UK in fear of Brexit are faced with shock property price hikes.
A good number of Brit expats rented out their UK homes when they left for warmer climes, but the majority sold their properties in the UK in order to upgrade to beachside or poolside villas in the Spanish sun. Sadly, although the Spanish property market is now experiencing an upturn, decreasing numbers of newly arrived expats and an increase in British real estate prices across the board has left many UK returnees with renting as the only...
15 Nov at 6 PM 2018
The European Commission has now promised visa-free entry to Britons wishing to take short trips to the EU after a no-deal Brexit.
The offer, which must still gain agreement from the EU parliament and the EU Council, would allow British citizens to visit France, Spain or any other countries in the Schengen zone and stay for up to 90 days in any 180-day period without needing a visa. Several stages are involved in allowing a new EU law, but it’s expected the offer will pass. Should Brexit end with a no-deal exit, the new law would...
15 Nov at 6 PM 2018
Expat women are forbidden to own Kuwaiti property after an appeal court judgement was overturned at a higher court.
By overturning an initial court judgement which allowed an expat woman to own half of a Kuwaiti man’s house, Kuwait lawyers have effectively banned expat females from owning Kuwaiti property. The Court of Appeal had granted the right of half-ownership to the woman, but the emirate’s Court of Cessation Civil Circuit reversed the decision and dismissed the case.
The property had originally been built by the female...
12 Nov at 6 PM 2018
Retiring in the sun is the dream of many older Britons, especially since the Brexit referendum.
Expats past the age of retirement make up a sizeable percentage of British nationals living overseas, according to the Office for National Statistics. Portugal and Spain are major UK retirement hubs, with pensioners aged 65 and over accounting for 39 and 42 per cent of the total British expat population respectively in the two countries. In addition, 207,300 of the 784,900 UK-born nationals living in Europe are of retirement age or older....
6 Nov at 6 PM 2018
The Brexit-hit pound sterling is providing a once-in-a lifetime opportunity to Middle East investors wishing to purchase UK property.
Investors in Dubai and the rest of the emirates are piling their money
into British buy-to-let properties, forcing house prices up whilst taking full advantage of the shrinking pound and low mortgage interest rates. Worse still, many are waiting in eager anticipation of a possible no-deal Brexit’s further negative effect on the sterling exchange rate.
One Dubai-resident landlord already has a £14...
1 Nov at 6 PM 2018
Expats living and working in Saigon are furious about an American expat beggar who’s survived on the streets for an entire year.
Unconfirmed reports give the reputed American beggar’s name as Tim Style, with a local expatriate store owner confirming he’s seen Style in various Saigon locations for around a year. The beggar holds a sign written in Vietnamese asking passers-by to give him money
for food, and is apparently telling anyone who’ll listen that he’s lost all his ID papers and money
and can’t afford the trip back to...
31 Oct at 6 PM 2018
Last Saturday evening, an expat dining with his girlfriend at a Torremolinos restaurant was gunned down and killed by an assassin.
Hamza Ziani was shot four times in the chest and head, dying a few hours later in Malaga’s regional hospital. His killer was masked, and escaped with an accomplice in a stolen vehicle after a police chase on the motorway. Ziani, a Dutch citizen originally from Northwest Africa, was recognised immediately by police as an international drug dealer who’d been arrested in Marbella a month previously for...
26 Oct at 6 PM 2018
An Estepona-based cat sanctuary is desperate for funds to rebuild their shelter, destroyed by torrential floods caused by huge storms.
The non-profit Gatos y Amigos cat rescue shelter was flooded and almost completely wrecked during the massive thunderstorms which hit Estepona last weekend. Nine cats were drowned and many others managed to escape and have not yet been found, but the rest are in desperate need of a safe haven. The shelter’s volunteer organisers are appealing to locals and expats alike for funds to rebuild the...
24 Oct at 6 PM 2018
US expat taxpayers who owe money
to the IRS are now having their passports seized.
As if being subject to the IRS’s toxic oversight isn’t bad enough, US expatriates who owe money
to the US taxman are now having their passports seized. It’s not just a threat, it’s actually happening, as both the taxman and the State Department have the legal right to revoke or cancel the passports of those who’re in debt to the state. At the present time, some 360,000 US expatriates and frequent travellers are thought to be affected....