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FCO sees “substantial problem” on illegal Spanish property

spanishluxuryhomeBritain’s Foreign Office has recognised that there is a “substantial problem” for Brits whose property in Spain is now threatened with demolition for violating local planning regulations.

At least 4,000 houses owned by Brits are involved in some kind of property dispute, according to Foreign Office estimates.

Ronaldo opens his own museum

ronaldoReal Madrid forward Cristiano Ronaldo has opened a museum in his honour, which he said has extra room to be filled by future trophies.

Ronaldo, 28, is currently on the three-man shortlist to be named the Ballon d'Or winner for a second time.

Primark targets France

primarkThe successful clothing retailer Primark has just opened its first store in France.

The company says it has a “huge expansion opportunity” in Europe. It has already opened stores in Portugal, Spain and Germany.

Portuguese are broke after paying monthly bills

taxMost Portuguese families manage to pay their bills on time, but for 29% of Portugal’s households the monthly income is not enough to have any sort of decent life.

After paying all the bills, 39% of Portuguese are left without money for the rest of the month, with 38 % have "great difficulty" in paying all their bills and other monthly obligations.

Bent 'Foral' advertising deal - at last Relvas is investigated

relvasMiguel Relvas, while Secretary of State for Local Government in the Barroso administration, created the Foral programme to promote the training of employees of Portugal’s councils and was created with European funds. All laudable and above board, so far...

The advertising campaign for the project was awarded in 2002 to a small, little known media company, NTM, which was owned by a former PSD MP and current Secretary of State for Social Security, Augustine Branquinho.

Portuguese startups win London investment funds

seedcamp

Popcorn Metrics, Zercatto and Cashtag are three Portuguese website startups that are to receive investment from the British investment company Seedcamp, one of the largest capital funds in Europe for fledgling companies.

These three companies now have the opportunity to participate in an accelerated development programme sponsored by the London based fund.


Spain and France start licensing demands for holiday rentals

franceholidayThe controversial regulations could also make it a lot more expensive for tourists who will have to pay more for accommodation.

French legislation will focus initially on owners who let property in Paris, Lyon and Marseille, due to begin shortly. Depending on the outcome, the programme of obtaining licences from the local council could be rolled out across the country.

Expat woe in Cyprus’ troubled property market

cyprusThousands of expat investors in property in Cyprus are discovering that they could be facing grave losses.

Investors have until December 31 to file a legal claim in the Cypriot courts against lenders and developers.