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Évora court rules against mortgage holder who returned his house

judgeswigIn a ruling that will depress many struggling householders, the Court of Appeal in Évora has decided that the handing over of a property to the bank does not abolish the mortgage when the sale of the property is less than the amount owed to the bank, and ordered the seizure of the former householder's wages.

Millennium BCP bank lost the last round when the court in Portimão decided not to seize wages from a debtor's salary having received and later sold the householder’s property, but has won its case on appeal in the Court in Évora.

Albufeira - Luxury Townhouses 60% off

Albufeira - Luxury Townhouses 60% offCentral Algarve 1, 2 & 3bedroom Luxury Townhouses and Apartments from €125,000 (60% off). This is a unique opportunity to buy a fantastic, 2 bedroom townhouse in Albufeira, Portugal. These townhouses are set amongst 20,000 sq. metres (roughly 5 acres) of lush green gardens with a large swimming pool for adults, and a childrens' pool.

You can relax in this tranquil oasis whilst still being conveniently close to local amenities, the beach and golf courses.

Six Stunning Portuguese Properties bathed in the Sun

Property for saleThis week's picturesque selection from Nubricks focuses on the most stunning properties in Portugal. Featuring a lovely property in a peaceful setting in Lagos, a recently renovated villa with gorgeous views, balconies with excellent exposure, and a pool to cool off in after a hard day's relaxing in the sun.
 
See below for the full selection and make an enquiry today!

UK House Prices vs Supply

UK House Prices vs SupplyUK House Prices vs Supply, Immigration, Population Growth and Demographics Crisis... see the forecast to 2019.

Number of homes handed back to Portugal’s banks falls by half

apemipThe Association of Professionals and Real Estate Companies of Portugal (APEMIP) has estimated that about 2,500 properties were handed back to banks to settle owners’ debts last year, a decrease of 54.5% compared to 2012.

Lisbon and Oporto remain the most affected areas in the country.

Rosy outlook ahead for UK property market

Uk property market looks rosyThe outlook for the UK residential property market in 2014 is looking rosy with experts across the spectrum predicting further growth in the new year. But the key issue is that the growth that has been spectacular in London is set to spread out across the country and there are already signs of this happening.

Indeed, the UK housing market is almost unrecognisable from 12 months ago. Not only have average prices climbed to record highs but there has been growth in sales and prices nationwide.

Cyprus expats in title deeds scam

cyprusFrance has MP's for French expats in their parliament, and we believe that the British parliament should also have MP's acting on behalf of British expats interests.

Cyprus has been tarnished with a bad name with regards to people wishing to purchase property here. The title deeds fiasco has put off many potential property buyers. This has left the Cyprus property market in a downward spiral for a few years now.

Golden visas offer the keys to Europe

europeAt a time when Britain is worrying about an influx of workers from poor European Union countries, Portugal is enthusiastically encouraging rich entrepreneurs from outside the EU.

Romanian and Bulgarians, especially those likely to seek welfare benefits, are causing panic in Britain because immigration restrictions are to be lifted on January 1.