Diarmaid Condon’s blog – for independent commentary and analysis on what is happening in the overseas property industry.
Forty clients of Simple Overseas Properties are looking for its owner, Karl Morris, to recover over €1m of funds, which they claim they paid him for deposits on properties in the Asilah Beach development in Morocco.
Lying between the cities of Porto and the capital, Lisbon, you’ll find the Silver Coast which is rapidly evolving into the new Portuguese property hotspot. Although it doesn’t encounter the temperatures of the Algarve, it still enjoys an excellent climate and boasts proximity to the wonderfully historic and picturesque city of Lisbon. It also boasts a range of high quality golf courses and property.
The idea of a regulatory authority for the Irish property sector hasn’t gone away, it has just been progressing at the same rate as a snail stuck in super-glue.
The Irish government may be starting to see reason on the topic of the property tax it was proposing for the next budget.
How do you get to your property if the flight route on which you were dependent is suddenly discontinued or the airline providing the flights goes to the wall.
The Irish have had an ongoing love affair with Portugal’s southern coastline for many years but there are signs that the Lisbon coastline may now be claiming more than its fair share of holidaymakers and property buyers.
The government’s proposals to load a new property tax on Irish citizens is an extremely shortsighted, knee-jerk reaction to the holes in the public coffers. In fact, you could call it pure stupidity.
A legal advisor with law firm Elborne Mitchell has come out with a strongly worded statement to protect those considering investment in French Leaseback property.
Thousands of people across the UK rushed through the sale of properties before the budget because of rumours of a CGT hike. In retrospect they should have stayed put.
The Irish government is examining a proposal to introduce another property tax to accompany the newly introduced ‘second property tax’. The reaction to its very public reliance on taxing property transactions for its income during the boom times has now shifted to making those currently owning property assets bear the brunt of these poor decisions.
