World of Expats: Chancellor makes it easier for British people to move or buy abroad

World of Expats: Chancellor makes it easier for British people to move or buy abroad

According to World of Expats, this year could see an increasing number of British people buying property overseas - with announcements in the Chancellor's recent Budget adding fuel to this trend.

"The Chancellor's pension reforms will make it easier for people to retire and buy property abroad," says Nigel Ayres, Founder and CEO, World of Expats - the first destination for expats. "Even those with relatively modest earnings over their career will find they can get access to several hundred thousand pounds built up over the decades they have been contributing to their pension scheme."

For many, the atrocious winter weather, escalating fuel costs in the UK and a strong pound will make the lure of a sunny, low cost location even more tempting. 

Adds Nigel: "When you add to this the equity many have built up in their homes, they will be well-placed to take advantage of the low prices that remain in many European markets."

According to figures from Rightmove Overseas, there was a 30% increase in enquiries sent to agents on Rightmove Overseas in the year to July 2013.  World of Expats expects that this will increase in 2014. 

Rightmove Overseas' figures for search activity in February show that Spain and France remain the top searched for countries, followed by the US, Italy, Australia and Portugal. During February, Italy and Ireland were the top climbers - with Lake Como and ‘the lakes' proving particularly popular Italian destinations.

There is also a Hot Property section on the World of Expats site (run in conjunction with Rightmove Overseas) where prospective buyers can view a range of properties for sale in locations from France and Spain to Thailand and South Africa.

As the economic situation in the more ‘traditional' European property markets improves, UK buyers are also looking further afield for some ‘bargains' - in locations such as South Africa, Turkey, the US and India.

"World of Expats offers information on 176 destinations around the globe and we have noticed an increase in interest in some of the less ‘traditional' locations for moving abroad," says Nigel. "Some people are looking for property ‘bargains' - wanting to get more for their money - while other people are simply feeling more adventurous and want to live somewhere a bit more exotic."

Buying abroad can be daunting, but World of Expats provides a host of information and advice from specialists in the sector and is launching the first in a series of exhibitions aimed at potential expats and property buyers in London later this year. 

Notes to editors:
• Launched in September 2013, World of Expats is the first destination for expats.
• The site provides a combination of destination specific guides for expats, together with information and advice covering all of the issues faced by expats, as well as tools and access to services.
• www.worldofexpats.com has been launched by Nigel Ayres, former co-founder of The Forum for Expatriate Management, a global community of professionals involved in managing international assignee programmes at large and medium-sized corporates. Nigel has lived and worked as an expatriate in Hong Kong, Malaysia and twice in California.
• In launching World of Expats, Nigel is partnering with Living Abroad, a leading provider of destination information and other services to the global mobility market.
• Among the services offered by World of Expats is Hot Properties - which provides links to properties from Rightmove Overseas. In addition, there are property guides from The Overseas Guides Company (OGC).
• Foreign exchange services and advice is available from an alliance with Smart Currency, while Oversea Mortgage Broker gives access to advice on financing an overseas property purchase.
• World of Expats has also announced a partnership with VisitRentals - the world's largest online inventory of serviced apartments and aparthotels.
• Other tools and services available on the site include a job board powered by Xpat Jobs.
• World of Expats will also be hosting exhibitions in London in September and three US cities next year, including New York (dates to be confirmed).
www.worldofexpats.com

 

Posted: 27th of March 2014


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