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Peter Hun

Daily Telegraph Living In A Fantasy World

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Apparently after lying through their teeth about the reasons and advantages of leaving the EU, they now are intent of pushing the fantasy that our relationship with the EU will continue as before -

http://www.telegraph.co.uk/property/abroad/forget-the-english-seaside-buy-on-the-french-coast-for-half-the/

Edited by Peter Hun

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These are not holiday homes.

Taxation for a start. In Spain, for instance non-EEA citizens get hammered for much higher capital gains that EU citizens.

One member on Spanish Property forums spent a decade forcing Spain to treat EU citizens the same as the Spainish, thats out of the window for UK citizens now.

Residence. The right to reside in the EU would not be a right. If US style was applied, you cannot live in a country for more than xx days per year.

Work. No right to work.

Benifits. No access to benifts

Healthcare. No guaranteed access to healthcare (this is the biggest issue).

Legal. No guarantee of access.

Pension. Loss of indexation.

Lousy investment. In some places 40% of buyers are British, a rapidly evapourating demand will kill prices

Edited by Peter Hun

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Might save a lot of people from making very poor investment and life decisions. That idyll in the sun very rarely survives contact with reality. A lot of British expats just seem to end up as sad old drunks.

Edited by stormymonday_2011

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These are not holiday homes.

Taxation for a start. In Spain, for instance non-EEA citizens get hammered for much higher capital gains that EU citizens.

One member on Spanish Property forums spent a decade forcing Spain to treat EU citizens the same as the Spainish, thats out of the window for UK citizens now.

Residence. The right to reside in the EU would not be a right. If US style was applied, you cannot live in a country for more than xx days per year.

Work. No right to work.

Benifits. No access to benifts

Healthcare. No guaranteed access to healthcare (this is the biggest issue).

Legal. No guarantee of access.

Pension. Loss of indexation.

Lousy investment. In some places 40% of buyers are British, a rapidly evapourating demand will kill prices

If they're in Biarritz, as per the link you posted, they're holiday homes.

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If they're in Biarritz, as per the link you posted, they're holiday homes.

 

The article is ambiguous, imo.

Mentions "2nd homes" then talks about 50% of those looking to buy a 2nd home would like to move to France permanently. The permanent move would incur most of the costs PH listed.

It's a puff-piece in the Torygraph so should be taken with a pinch of salt. :D

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Every year, when we spend our six weeks in Southern Spain, my wife says "Apartments are so cheap here, we should buy one", to which I always reply "The 750€ we pay for six weeks in our rented apartment (with use of pool) wouldn't even cover the property tax if we were to buy.

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Add all the other taxes, buying selling and the rip off taxes.. Spain is an absolute no-no. Rent and invest in shares or even Uk property.

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Every year, when we spend our six weeks in Southern Spain, my wife says "Apartments are so cheap here, we should buy one", to which I always reply "The 750 we pay for six weeks in our rented apartment (with use of pool) wouldn't even cover the property tax if we were to buy.

Yes you always have to do the number crunching. My sister bought a static caravan years ago up near York. The site fees were about £800 per year. Both her and husband work during the week so they used it at weekends and holiday's.

Then the site owner decided that they would only allow caravans on site below x years old and they had to have it moved off site. Turned out expensive. Renting can often be the best finacial decision as in your case. Turn up, enjoy, leave.

I presume your six weeks away is outside of school holidays? And how do you manage the summer heat?

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On 8/28/2016 at 11:24 AM, Peter Hun said:

Apparently after lying through their teeth about the reasons and advantages of leaving the EU, they now are intent of pushing the fantasy that our relationship with the EU will continue as before -

http://www.telegraph.co.uk/property/abroad/forget-the-english-seaside-buy-on-the-french-coast-for-half-the/

This is not fantasy world. The telegraph is just getting paid by these local estate agents to promote these luxury "out of the normal peoples price range" properties in France. That is all, just a pure business decision.

Edited by soldintime

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yodigo   
On 8/29/2016 at 10:38 AM, Peter Hun said:

These are not holiday homes.

Taxation for a start. In Spain, for instance non-EEA citizens get hammered for much higher capital gains that EU citizens.

One member on Spanish Property forums spent a decade forcing Spain to treat EU citizens the same as the Spainish, thats out of the window for UK citizens now.

Residence. The right to reside in the EU would not be a right. If US style was applied, you cannot live in a country for more than xx days per year.

Work. No right to work.

Benifits. No access to benifts

Healthcare. No guaranteed access to healthcare (this is the biggest issue).

Legal. No guarantee of access.

Pension. Loss of indexation.

Lousy investment. In some places 40% of buyers are British, a rapidly evapourating demand will kill prices

Taking Spain, it's a lot harder than you'd think to live there, even as an EU citizen you don't have any right to healthcare (although this depends on the region), and jobs are few for British people - far far less than for Spanish people in the UK.

Much won't change, because if you bothered to actually go there and have a look, you'd find thousands of Chinese living and working and buying/owning businesses there, especially bars at the moment. Along with lots of (but far less than a few years ago) south Americans, not to forget Russians and Americans...... all proud EU member states.... oh....

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Mrs Bear   

The Telegraph often strays into Fantasy-Land, and not just about Brexit.  

Or maybe it's more a case of Telegraph-journalist-land.  

In the past I've seen an article saying in all apparent seriousness how pleasant  it is to entertain in one's garden, because one's guests can go for a stroll, take a dip in the pool, or enjoy a game of tennis.  

And another where a 'small' garden was described IIRC as being less than half an acre. 

Equally memorable was a piece about using up leftovers.  The writer very helpfully told readers how to boil up six (!) lobster shells - the ones you were just going to chuck out after your dinner party the night before - to make a nice broth with linguine. 

 

 

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