Expat Property Abroad News

Latest 10 news items tagged Property Abroad

22 Mar at 6 PM 2019

Brit expat left powerless due to next door cannabis plantation

An unfortunate British expat in the Spanish resort community of Finestrat just outside Benidorm has no power as local workers confused his meter with the one supplying the next-door marijuana plantation. Workers from Spain’s electricity provider Iberdrola arrived at the home of British expat Steve Knight, armed with an order to cut off the supply to the adjacent property, believed to be housing a marijuana plantation. Steve had already recognised the pungent smell from the cannabis plants, but left well alone. His suspicions were...
21 Mar at 6 PM 2019

Rental market in Oman crushed by expat exodus

A noticeably steady decline in the numbers of expat professionals living and working in the emirate has seen rental prices over the past year fall by between 10 and 15 per cent. Oman’s rental market has traditionally relied on expat professionals arriving to work in the emirate, but Omanization policies have seen increasing numbers of foreign experts leaving the country for friendlier climes. The exodus is also having an effect on the values of investment properties, with buy-to-let landlords cutting prices to achieve fast sales....
19 Mar at 6 PM 2019

British expats in Spain on trial over missing Latvian woman

Spanish law has finally caught up with two expats accused of the disappearance of a female expat in 2014. Two British expatriates, Craig Porter and Westley Capper, are now on trial in Malaga for causing the disappearance of a young Latvian woman in 2014. The pair were the last people to be seen with Agnese Klavina, whose body has never been found nor has she been located. Capper is claiming he knows nothing about the woman’s disappearance, in spite of the fact he was identified on security camera footage as being in the car when...
15 Mar at 6 PM 2019

Soaring London housing costs await reluctant Brit expat returnees

For British retirees reluctantly returning to the home country post-Brexit, the biggest shock may well be the price of London property. Although most EU member states have reassured their UK expat communities they’ll keep the majority of their rights, a significant number of Britons may well decide to give up and go home rather than face even the slightest hint of further uncertainty. However, for many former Londoners heading back to their home turf, affording to buy or even rent a property may be well out of reach, as the capital...
15 Mar at 6 PM 2019

Alicante now cheapest rental destination for would-be British expats

Alicante is now a favourite for British retirees due to its cheap rentals. As the value of sterling staggers due to Brexit uncertainty, finding a cheap rental apartment in Spain is a priority for many British expat retirees. A recent survey by a local appraisal company could well help with decision-making, as it’s identified the five Spanish retirement destinations with the cheapest rentals. Alicante is the best known, already popular with British expats, and Huelva, Elche, Almeria and Castellon de la Plana are also mentioned as...
14 Mar at 6 PM 2019

EU to force Spain over ‘illegal’ expat tax

Part-time expats who rent out their Spanish homes can now claim the 60 per cent tax reduction given to Spanish nationals in the same circumstances. In a rare intervention by the European Commission, the practice of charging non-permanent resident expats tax on earnings from renting their Spanish properties is now considered unfair as well as illegal. The 60 per cent income tax reduction granted to Spanish citizen property owners will now be made available to their expat equivalents after the end of the two-month period granted by the...
11 Mar at 6 PM 2019

Expat couple in Spain arrested in gruesome multiple murder case

Spanish police are investigating an expat couple alleged to have murdered a number of lonely expatriate pensioners. An Andalusia-based German man and his German-Cuban wife have been arrested in connection with a number of unsolved deaths of elderly pensioners. During the arrest, a disabled Dutch pensioner and an elderly German man were discovered immobile in their beds, showing evidence of malnutrition and drugging using tranquilisers. The victims were attached to nasogastric feeding tubes, thus keeping them just alive. Police...
1 Mar at 6 PM 2019

Current prospects for expat buy-to-let mortgages

If you’re an expat looking for a UK mortgage, you’ll now have extra choice but the process is more complicated than before. Buy-to-let investments are still favourites amongst the British expat community, with a wider choice of products now available and two new building societies on the list. Even so, available loan options are still restricted and the majority of applicants will need to go for a specialist landlord mortgage. New kids on the block Tipton and Coseley Building Society and the Cambridge Building Society are now...
26 Feb at 6 PM 2019

Are US expats contributing to inequality in Latin America?

For decades, Latin America has been the favoured destination for millions of Americans looking for an enjoyable, inexpensive retirement or a hassle-free chance to start again. Encouraged by online lifestyle marketers such as International Living working hand in hand with real estate developers and investors, US citizens are looking for a ready-made expat community closed off to the realities of the country in which it’s situated. Usually, the main spur for emigration is the cost of living, with American expats able to live...
26 Feb at 6 PM 2019

What’s the average expat professional salary in the Gulf States?

Almost every ambitious expat professional would love to land a job in the Gulf States, but what’s the average pay? The Gulf States attract top drawer expat professionals for their luxury lifestyle, superb weather, career opportunities and, of course, high salaries for those with the right qualifications and experience. Getting head-hunted for a position with a multinational company based in Dubai, Kuwait or one of the other emirates is every ambitious expat’s dream, but what about the salaries themselves? Results of an annual...