Skip to main content

In recent years, expats have been moving abroad in increasing numbers, and their presence is having a significant impact on real estate. However, it’s not all bad news.

While the cost of living may be going up in certain areas, the presence of expats also brings more money into the society and the local economy. As a result, governments are more likely to develop the wider cities with better infrastructures and services. So, while it’s true that the influx of expats is driving up real estate prices, it’s also spurring positive changes in the surrounding areas.

Let’s dive deeper into how the ripple effect of expats is impacting the real estate market.

Understanding the presence of expats abroad

The expression expat refers to a person who lives outside their native country for a prolonged period of time. It can be because of a variety of reasons, such as work opportunities, a change of lifestyle, or the desire to experience a new culture. The RHJ Group has many clients who are expats. And could be looking to retire abroad for a more relaxed lifestyle or relocate abroad to experience a new culture with their family! There is no right or wrong way for expats to live abroad, but it’s great that we can provide various services to support their move overseas.

Would you like to know how your presence would be perceived in your new country as an expat? The short answer is that as long as you are willing to learn, you should have no issue adjusting to a new country. There are many articles we write about relocating to Malta, Cyprus, the UAE, or Portugal. You can trust us to provide you with a travel guide or more in-depth articles to discuss taxation issues as you prepare to move abroad.

 

The impact of expats on real estate

When expats move abroad, it often has a significant impact on the real estate market. This is particularly true in areas that are popular with international residents. The demand for property abroad from expats can drive up real estate prices, creating a ripple effect on the local market. However, it’s important to note that this isn’t necessarily a bad thing.

Expats can bring a lot of money into the area, and this can have positive effects on the local economy. The additional revenue generated can be used by governments to invest in infrastructure, services, and other initiatives that benefit everyone in the community. This helps draw more people to the area which can lead to increased investment in the local economy.

Furthermore, many expats are often willing to invest in real estate and revive abandoned properties. Which then creates new opportunities for the developers who are making their livelihood off their services and helps the housing crisis become more manageable.

At RHJ Accountants, we understand the complex nature of real estate markets and the role that expats play in them. That’s why we offer a range of services to help individuals and businesses navigate this landscape. From tax advice to property management, we have the expertise to help you make the most of your investment in international real estate.

 

How RHJ Accountants can help

For those considering investing in property abroad, there are numerous tax considerations to take into account. That’s where we come in – we can help you navigate the complex world of international real estate taxation. Our experienced team of professionals is well-versed in the latest guidelines, and can help you make informed decisions about your investment.

In addition to our taxation services, we also have real estate partners who can assist you in finding a suitable property abroad. Whether you’re looking for a holiday home or a more permanent residence, we can connect you with the right people to make your dreams a reality. We can also offer legal services to help ensure your purchase goes smoothly.

At RHJ Accountants, we understand that investing in international real estate can be daunting. But with our expertise and support, we can help make the process as seamless and stress-free as possible. So if you’re ready to leap into the world of property abroad, get in touch with us today.

If you liked this article leave a comment or reply here

💬 PSA: between April & June our Portuguese team have limited meeting availability due to the Tax Return Submission Period 🇵🇹