Expat Property Abroad News
Latest 10 news items tagged Property Abroad
17 Jan at 6 PM 2019
Last Tuesday evening, Brit expats were gathered at their favourite bar, watching the crucial parliamentary vote on May’s Brexit agreement.
As the result of the vote was announced, the silence in the bar was deafening. Subsequently, half the small community were in favour of Brexit whilst the rest disagreed, but no-one had anticipated the massive rejection of May’s deal. In the discussion that followed, opinions shot back and forth, but everyone agreed they’d got more clarity now about the conflicting issues of Brexit or no...
17 Jan at 6 PM 2019
Following Tuesday’s shock parliamentary vote, British expats in Spain are hoping against hope for a second referendum.
Spain is the all-time favourite for British expats fleeing the UK’s unreliable weather and its less than satisfactory quality of life for ordinary people, with those who’ve retired to the sun first in line for the devastation of a no-deal or hard Brexit. Predictions of the damage either option will do to the UK economy may or may not be accurate but would take some time to become apparent to the bulk of the...
16 Jan at 6 PM 2019
Cyprus’s real estate
market had a successful 2018 both in the commercial and residential sectors, but potential investors are being warned to take care.
Increased demand for properties during 2018 pushed up prices in both the rental and residential sectors, with sales of homes as well as increased rental returns making investors and incoming expats happy. However, reliable firms in the sector as a whole are warning potential investors to make sure they know the local ropes before dipping their financial toes in the water, especially...
14 Jan at 6 PM 2019
Italian former textile mill workers who arrived in Bradford in the 1950s are now facing having to apply to stay post-Brexit.
The remainder of the large number of Italian women who were invited to the UK to work in Bradford’s cotton mills after the end of WWII now consider themselves as being English although they don’t have British passports. When they arrived, they were given certificates of registration, similar to a work permit, which were regularly updated until 1961, when they were told hey could live freely in the UK....
9 Jan at 6 PM 2019
Expat professionals and their companies are now leaving their lucrative Gulf State jobs due to political problems.
Leading international companies, their expat employees and formerly enthusiastic investors are now either shunning or leaving the Gulf States due to the political shenanigans culminating in the murder of Jamal Kashoggi. As a result, one of the planet’s most promising regions is now a no-go as regards expatriate talent. Saudi Arabia and the UAE, the two major engines of development in the region, are both tightening...
7 Jan at 6 PM 2019
Robert Mansfield-Hewitt, 51, spent the Festive Season behind bars in a Spanish jail whilst still denying he knows anything about a massive haul of hashish found in a San Roquel property
he’d rented whilst on a business trip last June.
According to his family and friends, Mansfield-Hewitt is confused and miserable at not being able to celebrate Christmas and the New Year in the usual way, especially as he hasn’t yet been charged with any offence. To date, he’s been denied bail twice, due mostly to the fact that police discovered...
31 Dec at 6 PM 2018
Expats in the UAE are being warned not to fall for fake investment scams on social media.
Warnings about fake investment schemes promising quick returns at high rates are being given out by Kuwait’s Capital Markets Authority and its Ministry of Commerce. The enticing offers are found on social media and are phrased in such a way as to attract both Kuwaitis and expatriates working in the UAE. ‘Learn how to earn extra monthly income at as much as Dh1,500 to 1,700 a week’ is one phrase calculated to entrap those unfamiliar with the...
27 Dec at 6 PM 2018
Kuwait is mulling the development of no less than six ‘bachelor cities’ aimed at single, male expats living and working in the emirate.
Kuwait municipality’s Director General Ahmad al Manfouhi recently informed local media about a plan to build six ‘bachelor cities to house male expatriates. Construction is expected to be funded by the private sector in coordination with the Partnership Projects Authority. The information was given after a lawmaker commented on the increase of such developments in various regions and their...
27 Dec at 6 PM 2018
A no-deal Brexit could become a nightmare for domestic flights across Spain.
In the event of the UK failing to ratify the Brexit withdrawal agreement, Spain could be left with no domestic flights. A no-deal break with the EU could leave the country’s national airline Iberia without an operating license for both flights within Spain and those to other European member states. The problem is that Iberia is British-owned by the London-based International Airline Group, (AIG), which also owns Vueling and British Airways. Unless emergency...
14 Dec at 6 PM 2018
British expatriates living in Mijas, Spain, have started a Brexpats group with regular meetings aimed at discussing their concerns and fears.
In the Spanish Costa del Sol town of Mijas, almost 20 per cent of residents are British expats, drawn to the region by the sunshine and the dream of a peaceful retirement – at least until the Brexit referendum result shattered their plans. Expat resident Meryl Elmusrati purchased her property
in 2015, but just as she felt she’d settled in to her new life, the referendum result changed...