Tuesday, November 20, 2012

Soon be bogofs

Spain offers residency to anyone buying a home worth more than £130,000 in bid to save its housing market

Spain plans to offer foreigners residency permits if they buy houses worth more than 160,000 euros - approximately £128,500 - to try and reduce the country's bloated stock of unsold homes.

Posted by happy mondays @ 11:20 AM (2040 views)
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10 thoughts on “Soon be bogofs

  • Talk about gateway into Europe!

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  • mark wadsworth says:

    What’s the big deal?

    If you are a citizen of any civilised country, you have to pay for the privilege of living and working in your own country via rent and taxes, right up until the day you have paid off the mortgage (if ever) and then you still have to pay taxes just for working. The English dream is to become a BTL landlord and to collect rent and taxes off everybody else without having to do any work, but basic logic tells us that no more than a fifith or a quarter of the population can sustain themselves in such a vampiric/cuckoo fashion, which merely impoverishes the rest.

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  • The ‘residencia’ may not be a gift !!!

    As a citizen you will also have elected to join the labyrinthine tax and social security system with the numerous automatic penalties for the unwary or the unprepared, then you may well have to face the ‘land grab’ compulsory contribution to any local developer with the right to demand that you pay for the infrastucture of his development.

    I will pass on this one.

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  • usa are planning the same thing

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  • Yeah but there are a million empty homes on the UK. We win!

    I guess these are the new ones only though built bu feckless property developers.

    Banks being the only more feckless class. Give em a huge privilege, they still screw it up

    Lets bring true enterprise back to the Uk and drive these scroungers to the airport, destination, Alicante.

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  • greenshootsandleaves says:

    As Charlie Chan said to Number 1 Son: ‘Not possible to avoid making mistakes in real estate business, but if you make yours “big time”, then government join you in search for solution’.

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  • …to anyone buying a home worth more than £130,000 in bid to save its housing market

    Correction:-

    …to anyone prepared to pay more than £130,000 for a house/flat/dwelling/roof in bid to save it’s solvency.

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  • This would give those people free access to the UK.

    Also, it keeps houses unaffordable for young Spaniards who are out of work! What they need is a house price crash.

    Did I hear Euro breakup?

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  • No, it would not give free access to the UK. Only EU citizens have that right. A Spansih residence permit would allow free travel throughout the Schengan zone. So would appeal to wealthy Russians, Chinese, Indians who presently need a visa to enter the Schengan zone. UK is not schengan so there is still immigration control between the UK and Ireland and the rest of the EU

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  • Just to fill you in on the actual targets.

    This is not aimed at bog standard Chinese or Russians but millionaires (perhaps with “illicit” earnings) looking to escape “uncertainty” at home. The thing about residency is it gives them visa free travel in all of “Schengen Europe”. It’s a way of undermining Schengen. Estonia and Lithuania have been doing the same thing for a time – bit of a Russian building boom going on there.

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