Buying a holiday property in Spain can be very rewarding, but you need to do a lot of research beforehand. This article will guide you some way toward making sure that you make the right decisions along the way.
The French government announced tax hikes on Foreign Property Owners. Tax on rental income could rise from 20% to 35.5%, applied retrospectively from January 1, 2012 and CGT on sales would rise from 19% to 34.5% from the end of July.
Purchased a property in Spain with delayed completion and had a call from a ‘legal firm’ offering to reclaim your deposit. Be very careful.
There are still opportunities in overseas property, in fact it is still a strong stable investment if you choose the correct markets.
Many of the locations in which Irish investors have put their money have struggled since 2007. Germany was touted as a ‘safe haven’ investment, I check out how it has been performing.
Landbanking Scams have been around for many years, but the recession has led to a rejuvenation in their nefarious ways. Sky News does a report on one such company.
Peterborough United Chairman and former CEO of MRI Overseas Property, Darragh MacAnthony, appeared in a closed court session in Marbella on April 25th 2012 to answer charges that his company defrauded clients when taking money for furniture packs that were not consequently delivered.
Peterborough United chairman Darragh MacAnthony has been ordered to appear in court in Spain on April 25th 2012 over non-delivery of furniture packs for property sold by MRI.
Recovering Deposits From unfinished or non-started projects in Le Jardin de Fleur – Saidia, Morocco.
Spanish legal firm Martinez-Echevarria is being sued by former MRI clients but now claims to be taking legal action against the ex-property agent iteslf.
