Expat Property Abroad News
Latest 10 news items tagged Property Abroad
15 Jul at 6 PM 2020
New Zealand’s real estate
market is still defying worldwide doom and gloom.
Whilst realtors across the world are predicting massive drops in property
valuation, New Zealand’s real estate
prices are still on the up on last year’s figures. Whilst this is excellent news for those Kiwi expats who rented out their properties when they left, for those now returning to the home country to escape the coronavirus pandemic it’s a disaster. A June survey by a well-known Kiwi real estate
agency noted median house prices across both...
7 Jul at 6 PM 2020
As the pandemic drags on worldwide, it’s easy to forget the reality of life as it was lived and hopefully will be lived again once the virus is conquered.
Expats all over the world are facing new dilemmas as regards staying put or repatriating to the home country, with many still trapped outside their present countries of residence and many more losing their jobs and having to decide on their next move. As the pandemic drags on, with the situation improving in many countries and totally out of control elsewhere, many decisions are...
6 Jul at 6 PM 2020
European properties are now in high demand by British buyers hoping to become expats before Brexit hits the already damaged UK economy.
According to online property
agents, searches for both remote, waterfront and beachfront properties have soared since the UK’s coronavirus shutdown, focusing mainly on Greece, Italy, France, Spain and Portugal. Unsurprisingly, Spain is the most popular destination, with over a million hits on favourite website Rightmove. Inquiries totalled 49 per cent over last year’s totals and are now at...
3 Jul at 6 PM 2020
Kuwaitisation and the coronavirus are set to wreck the emirate’s real estate
Kuwaiti government measures to drastically reduce the numbers of expat workers in the emirate plus the effect of the coronavirus pandemic on the housing market are set to wreak havoc on the emirate’s real estate
market. The rulers’ attempts to reverse the ratio of expats and citizens to 30/70 has already had an effect on rentals and house prices, with the pandemic sending the sector into negative territory.
To date, some 100,000 expatriates...
26 Jun at 6 PM 2020
Redundant or cash-strapped expats in the UAE can still get by if they adjust their payment habits.
Whether you’re affected by redundancy or by your employer’s latest cost-saving measures including pay cuts , a few adjustments can get you through the hard times. Firstly, rental charges in the UAE are usually the major expense for expats, but an exploratory meeting with your landlord and a plea for clemency might just get you a rent reduction until you can find a new, better-paying job. If your landlord isn’t impressed, the next...
25 Jun at 6 PM 2020
Expats and Thais scammed by illegal British housing estate developer.
Thailand’s Department of Special Investigation is examining five Moo Baan housing estates developed by an illegally working British expatriate. The developer was claiming ownership of the housing complexes in the popular beachside town of Hua Hin via a Thai nominee, but was in violation of Thailand’s foreign business laws and evading taxes by failing to obtain a special permit. The investigation was the result of complaints by at least 18 foreign and Thai...
25 Jun at 6 PM 2020
Brit expats on Spain’s Costa del Sol are scared sick over huge numbers of UK visitors bringing the virus with them.
Britain’s poor handling of the coronavirus pandemic has made headlines across the world, with the formerly well-respected country now being seen as little better than the USA in its bumbling efforts to stop the spread of covid-19. Spain’s reputation as regards safety from infection has been slightly better, but British expats living and working in the favourite destination are now scared sick of infection from...
24 Jun at 6 PM 2020
A Spanish animal shelter wrecked by last year’s gota fria weather event is finally in its new home.
Big Red’s Animal Association’s rescue centre in Dolores was devastated by last September’s terrifying gota fria storms and resultant floods, with the property
and land totally washed away. The three pigs, 16 dogs and three cats who’d survived the floods due to the rescue attempts of shelter workers have been cared for by supporters of the charity and it’s now rehomed in a beautiful old farmhouse sadly in need of restoration...
17 Jun at 6 PM 2020
British expats making a permanent move to Spain can take advantage of a fall in property
prices due to the pandemic.
During the crisis, many would-be expats weren’t unable to make the move due to lockdowns and a total lack of flights. Now the Spanish wave of infections and deaths seems to be slowing, property
prices in hard hit areas are falling, but those provinces with fewer infections are seeing significant property
Experts are convinced the Spanish real estate
sector is in for a readjustment, although it seems...
16 Jun at 6 PM 2020
Expats in Oman are now likely to be able to purchase upscale property
Expat professionals in Oman could well be waiting with bated breath as the Arab state’s cabinet debates this issue. The decision to allow foreigners to buy their own upscale homes is controversial, but would be welcomed by many of the emirate’s expat professionals who’ll be allowed to purchase property
in a number of specific housing projects. According to a senior Ministry of Housing official, the decision should have been taken earlier, but was delayed for...