Expat Property Abroad News

Latest 10 news items tagged Property Abroad

11 Jul at 6 PM 2019

Brit expats in Malta meet with lawmakers over continuing Brexit uncertainty

The expatriate community in Malta is becoming ever more concerned about its government’s unanswered Brexit questions. Even although the Maltese government’s take on post-Brexit expat rights gives unequivocal reassurance about expats’ futures on the island, the community as a whole is fearing the devil is in the detail. Concerns along with a host of unanswered questions prompted a 200-strong British expat group[ to attend a recent conference about Malta’s position in a post-Brexit EU. Issues brought up included changing a...
10 Jul at 6 PM 2019

Wealthy would-be expats can go it alone for residency and citizenship

As the world becomes more politically and economically unstable, more and more wealthy would-be expatriates are getting caught by smart salesmen. The trend of internationalising is the latest way for wealthy nationals to ensure their capital, investments and even businesses are safely stored against economic disaster whilst they continue their lives in another country. For high net worth individuals, becoming a global citizen is the way to go, but taking wealth out of the country of origin requires dealing with key issues. The...
8 Jul at 6 PM 2019

Kuwait expat exodus causing rental market chaos

Kuwait city apartments are emptying fast due to the expat exodus. The increasing number of expatriates leaving Kuwait is now causing the emirate’s real estate sector real pain, with signs advertising rental apartments now decorating roadsides and buildings from Fahaheel as far as the city centre. Expat wage stagnation, the soaring cost of living and the growth of anti-foreigner sentiment is driving a mass exodus of workers. Although those leaving are mostly from the Filipino, Indian, Bangladeshi and Egyptian sectors, Western...
5 Jul at 6 PM 2019

Good mortgage news for expat property buyers in Spain

Spain’s new laws on mortgages are great news for those wishing to purchase property and those who’re already homeowners. Up until now, the popular expat destination’s mortgage laws favoured the banks in a manner which penalised borrowers, but new EU rules intended to align member states’ laws have forced the Spanish government to adjust its position in favour of buyers. One rule in particular is long overdue, as it protects homeowners in temporary financial difficulties from having their homes repossessed as a result of late...
5 Jul at 6 PM 2019

Are the ultra-wealthy departing Hong Kong for politically stable Singapore?

Upscale wealth management companies are now shunning Hong Kong in favour of Singapore. International wealth management firms planning to open in Hong Kong are changing their minds and heading for Singapore as a result of continuing public unrest over the new extradition bill. The news comes as no surprise, as their wealthy would-be expat clients are already pulling their investments and stashing them elsewhere for the same reason. According to Reuters, one mid-sized private investment advisory company has given up its plans for a...
3 Jul at 6 PM 2019

Small British expat community in Cyprus devastated as homes collapse

British expats living in the Cypriot hill village of Pissouri are being evicted as their homes are collapsing due to underground water courses causing giant underground sink holes and landslides. The British expat community in Pissouri are mostly retirees and families, enjoying their time off in the sunshine amidst glorious sea vistas. The problem became apparent as early as 2015, but is now at a crucial point, with 70 homes either rendered uninhabitable or under immediate threat. One Briton’s swimming pool and front drive are now...
2 Jul at 6 PM 2019

Spain wins out as top destination for expat Brits

It’s survey time again, with Spain now voted the top dream destination for British expats. According to a new poll carried out in the UK, Spain is still the all-time favourite destination for Britons looking to improve their quality of life at less cost than in the UK. The study’s question was straightforward, asking respondents where they’d move if they could choose one country anywhere on the planet. Spain was one option, pitted against Dubai, Canada, New Zealand and Australia as well as other British expat hideaways, but...
27 Jun at 6 PM 2019

Is Dublin’s rising cost of living discouraging expat arrivals?

This year’s Mercers’ cost of living survey placed Dublin in 43rd place, with the city losing 11 places over last year’s study. As inflation and poor currency exchange rates stalk the expat world, those expatriates using surveys to decide on their next destination are in for a number of shocks. Over the past three years, Dublin had become a favourite for UK refugees from Brexit and the resulting broken economy, but the dramatic fall in the value of sterling and the city’s increasing property rental prices may now be enough to...
26 Jun at 6 PM 2019

UAE gold card residency visa scheme welcomes Indian expat applicants

As the Saudi green card residency scheme gets underway, the UAE’s version now has 400 expat gold-card residency visa holders. Last month saw the unveiling of the UAE’s 10-year renewable permanent residency visa, granted to date to some 400 wealthy expatriates, all of whom along with their families can now enjoy freedom of movement, employ three workers and get a residency permit for a senior manager, advisor or employee. Those in line for the visa must be ‘exceptional professionals’ in sectors including science, art...
26 Jun at 6 PM 2019

Most British expats in Gulf States reject returning to the UK

Only one in every three British expatriates living and working in the UAE have the intention of eventually returning to the UK. As the result of a survey based on British expat intentions regarding a return to the UK shows, the message is now loud and clear – no way! Almost 75 per cent of Gulf-based respondents are either somewhat or very concerned over the effects of Brexit on the UK economy and the lives of its resident citizens. The conclusion is obvious – a good selection of Britain’s brightest and best is more than happy...