Sea, sun and easy visas lure China buyers

(www.ft.com) - Edmund Zhao’s panoramic office window frames a blue expanse of ocean fringed by tall palms. The sunlit scene at Estoril, a resort near Lisbon, is a long way from the haze of Hangzhou, the city of 21m in eastern China where Mr Zhao made his fortune in property development. Read...

EU rules against Spain on ‘discriminatory’ inheritance tax

(Reuters) - The European Court of Justice ruled against Spain on Wednesday in a case that could reduce the amount of inheritance tax the country can charge foreigners living in Spain, currently higher than that charged Spaniards. More than 12 percent of Spain's total population were born elsewhere, one of the highest percentage of foreign residents in European Union countries, with most from Romania,...

‘Golden visas’ draw foreign buyers to Iberian real estate

Reuters) - When Edward Hu bought a holiday home in Portugal's most popular tourist spot in September, the Chinese agricultural entrepreneur got a Europe-wide family travel permit thrown in for as long as he owns it. "It's one of the biggest advantages of investing in Portugal," says Hu, 33, from Chengdu in southwest China, who paid 560,000 euros ($750,700) for a semi-detached property near the beach in...

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