The weak pound may have put some buyers off from buying in Spain but for others it has meant they have just taken a Spanish mortgage or a higher LTV than they were originally planning to. With house prices continuing to rise with many buyers from countries like Belgium, Sweden and Norway and investors from China and the middle east, there is no point waiting for the pound to get stronger again. With...
Market Updates
(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...
(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,...