Britannia Radio

People fear a Cyprus-style grab': Expat exodus from Spain as 

deadline for Britons to declare property and savings at home arrives 
* Spanish tax laws affect an estimated 200,000 British expats
* Residents must declare any asset over €50,000
* Expats want to come home but many can't sell
* Rumours of Cyprus-style grab abound 

http://www.thisismoney.co.uk/money/mortgageshome/article-2317127/Expats-head-home-Spain-forced-declare-overseas-assets.htm



The EPC is about to be  introduced into properties in Spain!  So if you 
are looking at buying, renting, or selling a home there you will need to make sure you know what it is, and that you are meeting the necessary 
requirements put in place by the Spanish government.  

http://www.aplaceinthesun.com/news/feature/tabid/131/EntryId/2325/Default.aspxl

Property prices in Spain will decline for at least another five years, as weak economic growth, high unemployment, and the lack of available 
credit will prevent the country from dealing with the massive oversupply of houses built before the crisis, a Moody's Investors Service report 
said Tuesday. 
A tremendous level of construction in Spain saw the number of new 
houses for sale triple from 2005 to 2009, outstripping demand during the period, the U.S.-based rating firm said. 
Spanish housing prices fell 13.7% in 2012, the largest single-year 
decline ever seen in the country, according to the country's statistics 
agency, INE. Since 2007, the year before the bust started, prices have 
declined just over 30% according to INE's estimates--and likely even 
more according to many private-sector economists. 
"Spanish property prices will decline further at least during the next five years," Moody's said.  

http://online.wsj.com/article/BT-CO-20130415-708837.html?mod=googlenews_wsj


The agency said the housing slump is deepening across large swathes of the eurozone. French declines are “gaining momentum”, with prices likely to fall 5pc this year and a further 5pc in 2014. 
French property faces a “protracted correction” as the economy buckles, hit by fiscal tightening, higher taxes and a surge in unemployment to post-war highs. 
France’s price-to-income ratio rose to a record 180pc of historic levels during the bubble, one of the most stretched levels seen anywhere in the OECD bloc. 
The property market began to roll over last year, prompting warnings by the French consultants PrimeView that values could tumble by as much as 40pc before excesses are purged. 
S&P said the deep crisis in the Netherlands would grind on despite the government’s partial retreat from austerity and its decision to delay €4.3bn in spending custs.  

http://www.telegraph.co.uk/finance/financialcrisis/10025864/SandP-sees-deepening-house-slump-in-Spain-France-and-Holland.html


The relationship between France and Germany is going through a severe crisis. The countries are at loggerheads over the best way out of the eurozone crisis, they are viciously critical of each others’ policies, and relations 
between the Elysée Palace and the chancellery in Berlin are increasingly strained.
Will either country benefit from this situation? No. Will the rest of Europe benefit from it? No. Optimistic observers will say that 
difficult phases have always been a feature of Franco-German relations. 
More realistic onlookers will argue that neither side can afford to see 
those tensions last. The leaders of both countries must find a solution, and fast. Otherwise, Europe may be weakened for decades to come, which 
will prove a problem for the rest of the world, especially the US. 
 
http://www.ft.com/cms/s/0/0d13e3d6-b257-11e2-8540-00144feabdc0.html