Spain is seeing price rises for property for the first time in 8 years. Is this likely to be a permanent trend or will Brexit bring them down again? Looking at the Spanish and British Press comments about the property market in Spain, you might be forgiven for feeling confused. On the one hand, some experts are saying that prices are likely to rise by as much as 12% over the next year, on the other side some suggest that the British are less likely to buy which will impact on the Spanish property market.
Looking at the French Property Market post-Brexit. Is it still a buyer’s market or are things slowly changing? France remains right at the top of the most popular countries for overseas buyers to purchase property. We live in what may be described as turbulent times and Brexit came as a shock to many. At this stage no-one knows when or even whether it will be enforced but after the initial knee jerk reaction a few weeks on, signs are that Brexit has not stopped many Brits looking to buy in France despite the pound taking a tumble. Indeed, we have heard many a British voice saying they are more
The latest news on property in Portugal provides much to be cheerful about, with a selection of stories demonstrating how the market is going from strength to strength.
With just a few weeks left to go before the EU Referendum on June 23rd, the latest polls seem to be showing that the vote is going to be very close indeed. Many expats here in France confess to not being totally aware of what would actually happen if Britain left the EU and there is some evidence to suggest the feeling may be the same for many in the UK.
The High Court ruling today confirmed that any British expats who have been living away from the UK for over 15 years are unable to vote on whether the UK should stay or leave the EU. The case was spearheaded by a 94 year old veteran of World War II, Harry Shindler, who is resident in Italy, and a lawyer, Jacquelyn MacLennan. Their case was based on the argument that by denying them the right to vote on whether the UK should stay in or leave the EU, their right to freedom of movement under EU law was restricted, stating that their lives will be directly affected by the outcome of the referendu
The EU is threatening Spain with action unless it improves protection for the public when taking out a mortgage with a Spanish bank. In a formal notice sent out last week, the European Commission said it “is requesting Spain to bring its national laws on civil procedure regulating mortgage enforcement and payment orders in line with EU consumer law… to ensure that consumers are fully protected against unfair contract terms.” The Commission says that Spain has two months to reply to the notice.
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