Expat Property Abroad News

Latest 10 news items tagged Property Abroad

16 Jul at 6 PM 2018

Brit expat jailed in UAE for social media comment now released

A British expat jailed in the UAE for sending an electronic insult has now been released and is in a desperate state of health. Christian Wilke was accused of sending an ‘electronic insult’ via Facebook and was jailed as a result, but no-one seems to know why he was arrested in the first place and what Facebook post contained the alleged insult. After he’d spent nine full months behind bars, his mother Christine Wilke-Breitsameter managed to arrange for his freedom, announcing it on Facebook yesterday. Christian is a former head...
13 Jul at 6 PM 2018

New job new country new pension plan

If you’re switching jobs for more money and an expat lifestyle overseas, don’t ignore your pension pot. Next to property, a pension is possibly the most valuable asset the majority of people will have but, just like a home, it needs to be looked after. In the excitement of taking on a better job with a higher salary in a new overseas location, it’s not difficult to overlook the next move for your pension. If your new company has a pension scheme, checking its details against your present scheme’s benefits is a good start....
13 Jul at 6 PM 2018

French property market bargains for fleeing Brits

France has been a favourite destination for expat Brits for 150 years now, with its appeal even stronger since the Brexit referendum. There’s a historic familiarity to France for many aspiring expats, as it’s Britain’s nearest neighbour and still projects the glamour of Paris and the Riviera as well as the cosiness of rural villages just a few hours’ journey from the home country. Buying a second home for retirement or emigrating to start a business has been relatively easy up until now, but the Brexit boom of new arrivals...
12 Jul at 6 PM 2018

Expat exodus from Saudi prompts hiring crisis

The Saudi crown prince’s efforts to drag Saudi Arabia screaming into the modern world are laudable, but seem to be leading to an economic crisis of confidence. Many in the Kingdom see the programme as ambitious but unrealistic, especially those business owners affected by the Saudization plan responsible for a mass exodus of expat labour. Since the end of 2016, some 800,000 foreign employees have left for good and it’s proving almost impossible to get local citizens to fill the job vacancies. It seems the scheme to provide around...
11 Jul at 6 PM 2018

Are Dubai falling house prices a correction or a reduction

One of the major topics of conversation amongst expats working in Dubai is the emirate’s falling property prices. Some believe it’s a long-awaited correction in the expensive city, with others maintaining it’s simply a reduction which will reverse itself in the near future. Either way, it’s supposedly good news for potential expat property owners. Potential reasons behind the move downwards range from oversupply through lack of demand, a jobs market which is now struggling or difficult economic times. However, real estate...
10 Jul at 6 PM 2018

UK Golden Visa gives expatriates poor returns for rich investments

At first sight, London isn’t exactly the pinnacle of expatriate destinations, but for the mega-wealthy the UK’s Tier 1 investor visa is attempting to become the Golden Visa to beat them all. London’s disadvantages are many, starting with the weather, continuing with the extremely high cost of living, the disproportionate cost of property, the expensive, crammed transportation system and the endless traffic snarl-ups and ending with the failing public health system and the high levels of violent crime. In spite of all this and...
9 Jul at 6 PM 2018

Expat investors discover Brisbane real estate

Following a tough time in the sector, Brisbane’s real estate market is surging due to demand from expat investors. Over the past year, the Queensland capital has recorded a significant increase in the number of expat property purchasers attracted by bargain prices. Demand has risen by 6.7 per cent over the past 12 months, with real estate agencies reporting the vast majority of purchasers were expatriates. Houses in the upscale districts of Paddington, Indooroopilly and East Brisbane proved the most popular, with those looking for...
29 Jun at 6 PM 2018

Former expat mom crowdfunds for help for her son

Kate Ogborne, her husband Dave and their son Jake were planning their move to the Costa del Sol when her baby son began showing worrying symptoms. The 14-month old had started walking and was attempting to run but fell over much more than is normal. Concerned, Kate took him to her GP, who assured her he’d grow out of it, adding there was no need to cancel their emigration plans. Once they’d arrived in Malaga, it became obvious he wasn’t going to ‘grow out of it’. Scans at hospitals in Malaga didn’t help as the results were...
26 Jun at 6 PM 2018

Expat buy-to-let investors caught in London property dilemma

As London’s property market edges ever nearer to a slump, will Brexit and the withdrawal of easy money destroy expat buy-to-let dreams? Sellers’ deliberations as to whether it’s best to lower the price or sit on the investment in the hope things will improve are going on across the capital. Until recently, in spite of the 2008 financial crash and previous booms and busts, sitting tight proved to be the best policy, but the risks nowadays are unique and mostly down to Brexit. The drop in the value of sterling immediately...
25 Jun at 6 PM 2018

EU warns hard Brexit will invalidate all UK qualifications

The European Commission is warning formal qualifications obtained in the UK may not be recognised across the EU after Brexit. At the present time, formal UK-obtained qualifications for regulated careers are recognised across all EU member states, but this is expected to change should the UK crash out of Europe without an agreed deal. Those affected would need to requalify in Europe or attempt to regain recognition of their certificates before they will be allowed to work in the EU. The rule will apply to those who complete training or...