Expat Property Abroad News

Latest 10 news items tagged Property Abroad

18 May at 6 PM 2020

Expat-owned businesses in Andalusia warned about poor summer season

British expat-owned hospitality businesses in Spain are furious at the Andalusian government’s attempt to cancel the summer tourist season. Obviously, avoiding a second wave of coronavirus infections and deaths is essential, but cancelling the summer season would mean many thousands of expat-owned businesses would be bankrupted. Obviously, southern Spain’s main industry is the hospitality sector, with some 800,000 businesses facing seriously hard times even now. Spain was one of the EU’s best-performing member states up...
8 May at 6 PM 2020

Singapore expats look to rent cuts as salaries shrink

As Singaporean employers are tightening their money bags and cutting expat salaries, landlords are receiving rent cut requests. Once known as a hub for sky-high expat salaries, the effect of the coronavirus pandemic on Singapore’s economy is forcing employers to cut wages across the board. As a result, affected expatriate professionals are petitioning their landlords for a rent cut. Real estate agents in the city state are reporting a number of such requests, although only four were successful. One female expat originally from...
7 May at 6 PM 2020

Expats on My Second Home Malaysian visa still refused entry

Retired expats living in Malaysia under the ‘My Second Home” visa who were overseas at the time of the country’s lockdown are still disallowed from returning. The Malaysian government closed its borders to all foreigners on March 18 at the same time as enforcing the movement control order, and compulsory quarantine was brought in for all returning citizens on April 3. As regards expat retirees on the ‘Malaysia my Second Home’ visa, according to a government spokesperson they are still not to be allowed re-entry at the...
30 Apr at 6 PM 2020

Elderly British expats in Alicante scared nearby homes are being squatted

A British expat octogenarian couple are now scared to leave their Spanish home due to strange goings-on in nearby properties late at night. The octogenarian couple live in Alicante's Benissa area, in a cul-de-sac along with other older expatriates. Along with their elderly neighbours, they’re taking the lockdown very seriously due to their ages and vulnerability as regards the coronavirus pandemic. All are obeying the rules as regards social distancing and, until recently, the little community felt it was safe. However, they began...
29 Apr at 6 PM 2020

Vietnam urged to loosen rules on expat property ownership

Vietnamese property developers are urging the government to reduce the rules on expat ownership. In a move prompted by the need to spur the expat takeup of premium apartments in order to avoid unsold inventory, Vietnam’s construction sector is urging the government to ease the rules on foreign ownership. According to a recent report, the 30 per cent cap on foreign ownership in any one premium apartment project is stifling an increase in expatriate demand for such properties in Ho Chi Minh City and Hanoi. Nowadays, foreign demand...
28 Apr at 6 PM 2020

Expat property owners in Spain warned of squatter epidemic

A British expat couple on lockdown in the UK can finally repossess their Spanish home after a court enforced the eviction of squatters. Having emigrated to Spain from the West Midlands, Jean and Peter Willow bought their property some 12 years ago after visiting Malaga and deciding to stay. They found an affordable apartment in the suburbs, made friends and enjoyed their new life and meeting new people. One evening, they began chatting with another Brit in the bar opposite their building, with the new friendship resulting in his...
23 Apr at 6 PM 2020

Second home owners banned from Mallorca plead to be allowed in

Locked-out expats with second homes in Mallorca cause online outrage for pleading to be allowed to return. Hundreds of expatriate second-home residents and business owners at present locked out of Mallorca due to the pandemic are urging the island’s government to allow them to return. An open letter sent to the authority compared their exclusion to a violation of the island’s property laws and a breach of the freedom allowed to non-tourist expats who pax tax and contribute to the local economy. Furthermore, they’re stating their...
17 Apr at 6 PM 2020

British lockdown having little effect on expat buy-to-let market

In spite of the pandemic, the UK’s buy-to-let market is being perceived as alive and thriving. According to experts in the British property market, activity as regards the UK’s buy-to-let sector is still going on in spite of the lockdown. The continued interest is believed to have resulted from the introduction of various new mortgage opportunities and their introduction into the mainstream market sector. Basically, the new-style loans are the result of mortgage interest relief changes brought in five years ago by the then...
16 Apr at 6 PM 2020

Expat tenants win out in Sydney as landlords slash rental charges

Expats renting property in Sydney are in for a pleasant surprise. Sydney is a popular destination for expat professionals, but it’s known in the worldwide expat community as having sky-high rental charges. Whilst the coronavirus pandemic is worldwide bad news as regards the incredibly high number of infections and deaths, its economic effect on rental charges could well be good news for cash-strapped expatriates as landlords are rushing to cut their rates in order to retain their tenants. The expat exodus from Australia is...
16 Apr at 6 PM 2020

Getting away from it all in a one euro European property

Escaping the coronavirus pandemic in a stunning location via one-euro renovation properties. Renovation of deserted properties purchased for just one euro is old news, but the trend is growing fast as would-be expats disenchanted with the modern world are moving in. New communities veering towards creativity, green living, craftsmanship and re-establishment of supportive community living are now seeing the opportunities available as a way to reject today’s greed and chaos and build their own lifestyles. Expats who’ve already...