Expat Property Abroad News

Latest 10 news items tagged Property Abroad

23 May at 6 PM 2019

Specialist buy to let lenders cracking down on tax avoidance

In a new move, lenders specialising in buy-to-let mortgages are now refusing loans to landlords suspected of tax avoidance. A leading property investment lender now fears beneficial interest mortgages may be in breach of HM Revenue and Customs’ rules on tax avoidance and are cracking down on landlords as a result. These specialist mortgages involve the transferring of a rental property’s legal ownership to a limited company whilst retaining full control of proceeds from sale and profits on rentals. Professionals in the sector are...
22 May at 6 PM 2019

Expats in Dubai moving towards home ownership

Expats in Dubai are moving away from renting a property towards becoming home owners. Over the past few years, a shift in sentiment from renting to actually owning a home has been gaining ground in the expat community, aided by governmental reforms and lucrative offers by developers. Real estate agents serving the expat community are seeing the move towards home ownership as the seal of approval by professionals progressing in their careers and adjusting to living the Dubai lifestyle. Although there’s been a fall in off-plan...
22 May at 6 PM 2019

Thailand’s expat housing market hits the skids as unsold units multiply

Thailand’s glitzy capital now has a glut of unsold condo units. As the Thai economy begins to stutter and restrictions on mortgage lending kick in, property developers are being left with falling prices and just 55 per cent in take-up rates. Real estate agencies in the city as well as developers seem to have been caught unawares by a lack of buyers due to world instability and bad press as regards the Kingdom’s view of foreigners and expats in general. In addition, the Chinese investors who’ve contributed to the previous...
21 May at 6 PM 2019

Some Spanish towns and villages now have more Brits than locals

It has to be said that not all British expat retirees want the stress of learning Spanish and adjusting to a different culture. Expat retirement for many UK citizens isn’t about a totally new language and lifestyle, it’s simply about a better climate enjoyed amongst other like-minded Brits in a supportive community. As a result, a number of Spanish towns and villages have found themselves becoming Little Britain, a home from home for a sizeable number of expats. Whether or not more conventional expatriates agree with this stance...
20 May at 6 PM 2019

Expat investors in Spanish property may lose tax breaks

Spain’s recent election results may pose a threat for expat property investors. Due to the inconclusive result of last month’s Spanish general election, expats looking to buy Spanish property as an investment may lose their tax breaks. The winning political party PSOE wasn’t able to form an overall majority government, and is now looking for support from the anti-capitalist Podemos party. Spain’s PM Pedro Sanchez has already promised a review of tax breaks available to landlords renting their properties long-term as the...
17 May at 6 PM 2019

Expats in Thailand mourn the passing of The Nation newspaper

Thailand’s daily English language newspaper The Nation is closing after 48 years. Expatriates in Bangkok are sad to hear their daily dose of local and world news in its traditional format is about to disappear, but may well realise it’s an inevitable part of the rise of the internet and social media as the planet’s sole news source. Apparently, the closure wasn’t unexpected and is a decision all traditional media outlets will face sooner rather than later, as costs grow, advertising revenue shrinks and the demographics of...
16 May at 6 PM 2019

Saudi Green Card attracts expat compliments and criticism

Whilst Saudi Arabia’s launch of the Green Card-style visa is being welcomed, expats’ questions need answers. The new Privileged Iqama residency scheme, now colloquially known as the Green Card, has been welcomed by the majority of expats as it allows permanent residency, property ownership and investment opportunities. A number of expats believe the new visa will prove a major attraction for the brightest and best, but others see flaws in its design. For example, one young software technician believes qualifiying candidates should...
10 May at 6 PM 2019

Expat owners of UK property warned over inheritance taxes

As property prices in the UK continue to soar, expat Brit who own homes or buy-to-let investments back home are being warned about liability for inheritance taxes. During the last financial year, rising house prices have meant thousands more taxpayers have been dragged in the inheritance tax net, even although a good number had no idea they’d become liable. As a result, the British taxman was richer by a record haul of some £5.2 billion, and this amount is set to go on rising as property becomes ever more expensive. Last month,...
9 May at 6 PM 2019

Oz is all-time favourite for high net worth expats

Australia is migrating millionaires’ number one destination. If there was ever any doubt that the past several years saw more people deserting their countries of birth than ever before, the latest figures on millionaire migration prove it’s all about the money, one way or the other. High net worth individuals can go where they please, as can the top talents in tech and other 21st century sectors, with destination cities all resembling each other in the race to attract mega-wealthy incomers. Over the past year, 12,000 or so...
8 May at 6 PM 2019

Desperate Dubai property developers offer creative incentives to expat buyers

If you’re working in Dubai and considering buying a property, now’s the time! Dubai developers are being forced to offer lucrative incentives to potential purchasers due to a slump in demand and the prospect of a further 50,000 new homes coming on stream later this year. Freebees, incentives and innovative new mortgage loan plans are all on offer on both ready-to-buy properties and off-plan purchases. The present lack of demand from expat investors and home-buyers is being put down to increasing uncertainty over expatriate futures...